Deputy GM, Internal Audit - ICOFR
Description
Job Designation: Deputy General Manager, Internal Audit ICOFR
Line Manager: Group Chief Internal Auditor
Direct Reports: Corporate Control Team, SBU Control Team and Revenue Assurance Team
Job Objectives:
To provide leadership to the Audit team in the validation of financial statements
To ensure improvement in the efficiency and effectiveness of internal operations of the organisation
Job Summary:
Ensure the implementation of effective controls in all business processes, operations and systems, to ensure transparency and promote good corporate governance.
Job Responsibilities:
Demonstrable experience in implementing Internal Control over Financial Reporting is mandatory.
Manage the development and monitor execution of the Financial & Operational Audit Plan
Ensure team members possess required skills to conduct financial audits
Ensure that audit procedures are strictly adhered to, including identifying and defining issues, developing criteria, reviewing and analysing evidence, and documentation of processes and procedures
Evaluate financial records and establish risk-based audit programs
Review and validate the financial & operational audit report prepared by the team
Make recommendations to enhance the internal control system
Perform and Manage ad hoc or special audit assignments, investigations as instructed by the Group Head of Audit
Ensure full utilization of Audit tools throughout the audit assignments
Oversee and manage the work of the financial and operational audit analysts
Communicate the results, findings and recommendations of audit projects via written reports and face-to-face presentations on a timely basis to the Lead Maintain all organisational and professional ethical standards and ensure internal audit activities are carried out in compliance with International Standards for the Professional Practice of Internal Auditing (Standards) and IIA Code of Ethics. Perform peer quality reviews as requested by the Deputy Group Head
Ensure risk assessment is updated to reflect identified controls that will impact the residual risk score.
Perform and Manage ad hoc or special audit assignments and investigations
Identify training needs of direct reports and recommend training courses/programs
Work with process owners to review management’s response to external audit management letter recommendations; monitor progress on plans to address them and perform follow-up
Assist in the internal audit engagement planning process.
Requirements
Educational Qualification:
A first degree in Accounting or any related discipline
A master’s degree in Accounting is or MBA would be an added advantage
Professional Qualification:
Minimum of Associate Level Membership of the following professional bodies is a MUST: Certified Institute of Auditors (CIA), Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified Chartered Accountants (ACCA)
Desired Experience and Competencies:
Minimum of 10 years’ Financial and Operational Audit work experience
Minimum of 5 years’ experience with a top-tier Audit firm
Big 4, Global corporate or international work experience is a distinct advantage
Experience across multiple industries/markets e.g. Manufacturing, Energy, Utilities etcetera. International work experience is an added advantage.
Familiarity with common indicators of fraud and error
Healthy professional skepticism
Attention to detail and critical thinking
Investigation and analytical skills
Working knowledge of Accounting principles and standards
Working knowledge of financial reporting standards (local and international)
Excellent understanding and interpretation of financial statements
Knowledge of internal auditing standards, responsibilities, code of ethics, and certification
Working industry knowledge e.g. Manufacturing, Energy, etc of business operations
Good knowledge of multiple industry program policies, procedures, regulations and laws
Key Performance Indicators:
Level of compliance with related standards
Annual audit plan coverage
Quality of Audits carried out
Process improvement as a result of audit
Quality and reliability of internal audit and control reports
% of averted fraud incidents
% of averted operational risk incidents
Level of compliance with related financial reporting standards
Annual audit plan coverage
Quality of Audits carried out
Number of Process improvement initiatives as a result of audit
Quantity and quality of external audit adjustments raised
Number of audit issues raised on Auditor’s Management Letter
Disposition of prior year’s audit internal control issues highlighted on Auditor’s Management Letter
Benefits
Private Health Insurance
Paid Time Off
Training & Development
Job Designation: Deputy General Manager, Internal Audit ICOFR
Line Manager: Group Chief Internal Auditor
Direct Reports: Corporate Control Team, SBU Control Team and Revenue Assurance Team
Job Objectives:
To provide leadership to the Audit team in the validation of financial statements
To ensure improvement in the efficiency and effectiveness of internal operations of the organisation
Job Summary:
Ensure the implementation of effective controls in all business processes, operations and systems, to ensure transparency and promote good corporate governance.
Job Responsibilities:
Demonstrable experience in implementing Internal Control over Financial Reporting is mandatory.
Manage the development and monitor execution of the Financial & Operational Audit Plan
Ensure team members possess required skills to conduct financial audits
Ensure that audit procedures are strictly adhered to, including identifying and defining issues, developing criteria, reviewing and analysing evidence, and documentation of processes and procedures
Evaluate financial records and establish risk-based audit programs
Review and validate the financial & operational audit report prepared by the team
Make recommendations to enhance the internal control system
Perform and Manage ad hoc or special audit assignments, investigations as instructed by the Group Head of Audit
Ensure full utilization of Audit tools throughout the audit assignments
Oversee and manage the work of the financial and operational audit analysts
Communicate the results, findings and recommendations of audit projects via written reports and face-to-face presentations on a timely basis to the Lead Maintain all organisational and professional ethical standards and ensure internal audit activities are carried out in compliance with International Standards for the Professional Practice of Internal Auditing (Standards) and IIA Code of Ethics. Perform peer quality reviews as requested by the Deputy Group Head
Ensure risk assessment is updated to reflect identified controls that will impact the residual risk score.
Perform and Manage ad hoc or special audit assignments and investigations
Identify training needs of direct reports and recommend training courses/programs
Work with process owners to review management’s response to external audit management letter recommendations; monitor progress on plans to address them and perform follow-up
Assist in the internal audit engagement planning process.
Requirements
Educational Qualification:
A first degree in Accounting or any related discipline
A master’s degree in Accounting is or MBA would be an added advantage
Professional Qualification:
Minimum of Associate Level Membership of the following professional bodies is a MUST: Certified Institute of Auditors (CIA), Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified Chartered Accountants (ACCA)
Desired Experience and Competencies:
Minimum of 10 years’ Financial and Operational Audit work experience
Minimum of 5 years’ experience with a top-tier Audit firm
Big 4, Global corporate or international work experience is a distinct advantage
Experience across multiple industries/markets e.g. Manufacturing, Energy, Utilities etcetera. International work experience is an added advantage.
Familiarity with common indicators of fraud and error
Healthy professional skepticism
Attention to detail and critical thinking
Investigation and analytical skills
Working knowledge of Accounting principles and standards
Working knowledge of financial reporting standards (local and international)
Excellent understanding and interpretation of financial statements
Knowledge of internal auditing standards, responsibilities, code of ethics, and certification
Working industry knowledge e.g. Manufacturing, Energy, etc of business operations
Good knowledge of multiple industry program policies, procedures, regulations and laws
Key Performance Indicators:
Level of compliance with related standards
Annual audit plan coverage
Quality of Audits carried out
Process improvement as a result of audit
Quality and reliability of internal audit and control reports
% of averted fraud incidents
% of averted operational risk incidents
Level of compliance with related financial reporting standards
Annual audit plan coverage
Quality of Audits carried out
Number of Process improvement initiatives as a result of audit
Quantity and quality of external audit adjustments raised
Number of audit issues raised on Auditor’s Management Letter
Disposition of prior year’s audit internal control issues highlighted on Auditor’s Management Letter
Benefits
Private Health Insurance
Paid Time Off
Training & Development