Manager - Internal Audit

Objective

To conduct reviews of operations, functions, finances, management, and compliance within the company that will enable it to drive forward in achieving its mission and vision.

To work in coordination with Internal Audit Head and overlook function of operational and functional audit.

Responsibility

Risk assessment

Identifying and analyzing risks to the achievement of objectives, ensuring that the organization understands the risks it faces and takes steps to address them.

Identifying significant risks (financial, operational, compliance).

Assessing the likelihood and impact of each risk.

Determining risk mitigation strategies.

Ensuring that new or emerging risks are regularly reviewed.

Control activities

The actual policies and procedures are implemented to mitigate risks and achieve objectives.

Information and communication

Ensuring the right information flows through the organization, so employees can perform their duties effectively and decisions are based on accurate data.

Clear communication of policies, procedures, and responsibilities to all levels of the organization.

Timely dissemination of relevant information to management for decision-making.

Monitoring activities

Regular assessments of the internal control system to ensure it remains effective and aligned with the organization's objectives.

Ongoing monitoring of day-to-day activities (e.g., reconciliations, reviews).

Periodic internal and external audits to assess the effectiveness of controls.

Tracking and addressing any identified issues or weaknesses promptly.

Continuous improvement of internal controls based on audit results or process reviews.

Compliance with laws and regulations

Ensuring the organization adheres to applicable laws, regulations, and internal policies, particularly in areas such as finance, health and safety, data protection, and environmental standards.

Regular updates and training on compliance requirements.

Compliance audits and assessments.

Policies and procedures to prevent legal violations and regulatory breaches.

Regularly monitoring changes in laws and regulations to keep controls updated.

Operational efficiency and effectiveness

Ensuring that operations are performed efficiently and that resources are used in an optimal manner to achieve the organization’s goals.

Streamlining processes to reduce redundancies and inefficiencies.

Identifying areas where processes could be automated for greater efficiency.

Regularly review departments' MIS to ensure completion of KPIs in a timely manner.

Qualification

An ideal manager – internal audit should have at least 7 to 9 years of experience in internal audit or related roles such as external audit, risk management, or compliance with strong analytical, problem-solving, and critical-thinking skills.