The Internal Audit Manager is responsible for planning, executing, and reporting on audits and risk assessments across all departments. The role requires a deep understanding of internal controls, regulatory compliance, risk management, and operational efficiency. The Internal Audit Manager ensures that the organization's operations are compliant, efficient, and aligned with business objectives through robust auditing practices, fraud investigations, and internal controls evaluation.
Audit Planning & Strategy
- Develop and implement internal audit policies, procedures, and frameworks aligned with regulatory requirements and organizational goals.
- Lead the development of the Annual Internal Audit Plan using risk-based methodologies and inputs from business units and the Audit Committee.
- Ensure the audit plan remains flexible to accommodate emerging risks and business changes throughout the year.
Audit Execution & Supervision
- Oversee the timely execution of audits, including physical inventory counts, fixed asset verifications, process audits, and compliance reviews.
- Ensure effective variance analysis, root cause identification, and reconciliation procedures.
- Supervise fraud investigations and forensic audits, ensuring impartiality, factual accuracy, and comprehensive documentation.
- Ensure proper documentation and evidence gathering aligned with audit standards (e.g., IIA guidelines)
Internal Controls & Risk Management
- Evaluate and report on the adequacy and effectiveness of internal controls and risk management systems.
- Identify gaps and recommend enhancements to governance frameworks, operational processes, and compliance practices.
- Conduct risk assessments across departments and business units, focusing on financial, operational, and reputational risks.
- Support the development of risk mitigation plans and follow-up mechanisms to ensure implementation of audit recommendations.
Reporting & Communication
- Review and approve audit scopes, working papers, and final reports to ensure high-quality standards and clarity of findings.
- Consolidate and present audit results, key issues, and actionable recommendations to senior leadership and the Audit Committee.
- Maintain open and professional communication with auditees, management, and external stakeholders.
Team Management & Development
- Mentor, train, and supervise internal audit staff to promote continuous development, audit consistency, and ethical standards.
- Monitor team performance, ensure adherence to audit timelines, and uphold quality assurance standards across engagements.
Regulatory Compliance & Coordination
- Ensure organization-wide compliance with internal policies, applicable laws, and industry standards.
- Serve as the primary liaison during external audits, regulatory inspections, and compliance reviews.
- Collaborate with Legal, Finance, and Risk departments to maintain a unified compliance framework.
Other Duties
- Lead or participate in special reviews, advisory projects, and investigations as directed by executive management or the Audit Committee.
- Stay updated on emerging risks, audit methodologies, and industry best practices.
- Provide proactive advisory support during new project launches, ERP implementations, or restructuring initiatives.
Requirements:
- Bachelor's degree in Accounting, Finance, Internal Audit, Business Administration, or a related field; professional certification such as CIA, CPA, ACCA, CISA, or equivalent is highly preferred.
- Minimum 8–10 years of experience in internal audit, risk management, compliance, or a related field, with proven managerial or supervisory experience.
- Strong knowledge of risk-based auditing, internal controls, governance, risk management, regulatory compliance, and IIA Standards.
- Proven experience in audit planning, execution, reporting, fraud investigations, and assessment of financial and operational controls.
- Strong analytical, problem-solving, report-writing, and presentation skills, with the ability to communicate effectively with senior management and the Audit Committee.
- Demonstrated ability to lead, supervise, mentor, and develop audit teams while maintaining high standards of integrity, objectivity, and confidentiality.
- Proficiency in Microsoft Office, ERP systems, and/or audit management tools; experience in advisory reviews, ERP implementations, or special investigations is an advantage.
