Senior Internal Auditor

Roles and responsibilities

1. Audit Planning

• Risk Assessment: Conduct risk assessments to identify key areas of focus for audits.
• Audit Plan Development: Develop and execute the annual internal audit plan in alignment with organizational objectives.

2. Audit Execution

• Fieldwork: Lead and perform audits, including planning, execution, and reporting phases.
• Testing Controls: Evaluate the effectiveness of internal controls by conducting tests and analyzing findings.

3. Reporting

• Audit Reports: Prepare detailed audit reports that outline findings, risks, and recommendations for improvement.
• Presentation: Present audit findings and recommendations to management and the audit committee.

4. Compliance and Regulation

• Policy Review: Ensure compliance with internal policies, regulations, and industry standards.
• Regulatory Compliance: Assess compliance with laws and regulations applicable to the organization.

5. Stakeholder Collaboration

• Cross-Functional Interaction: Collaborate with various departments to understand processes and provide insights on risk management and controls.
• Advisory Role: Act as a trusted advisor to management regarding best practices for risk mitigation and control improvements.

6. Continuous Improvement

• Process Improvement: Identify opportunities for process enhancements and operational efficiencies.
• Follow-Up: Monitor the implementation of audit recommendations and follow up on outstanding issues.

7. Team Leadership

• Mentorship: Provide guidance and mentorship to junior auditors and support their professional development.
• Training: Facilitate training sessions on internal audit practices and risk management for staff.

8. Data Analysis

• Analytical Skills: Utilize data analytics tools and techniques to identify trends, anomalies, and areas of concern in financial and operational data.
• Technology Integration: Stay updated on technology and tools that can enhance the auditing process.

9. Documentation and Record Keeping

• Audit Documentation: Maintain comprehensive documentation of audit procedures, findings, and conclusions to support audit reports and compliance.

10. Professional Development

• Continuous Learning: Stay informed about industry trends, emerging risks, and changes in regulations relevant to the auditing profession.

Desired candidate profile

Certifications: Professional certifications such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or Chartered Accountant (CA) are highly preferred.
Key Skills
Audit Knowledge: Deep understanding of internal auditing principles, practices, and standards (e.g., IIA standards).
Risk Assessment: Proficiency in risk assessment methodologies and techniques to identify and evaluate organizational risks.
Experience
experience in internal auditing, external auditing, or a related field, with a focus on risk management and compliance.
Leadership Experience: Previous experience leading audit projects or teams is advantageous.
Technical Skills
Data Analytics: Familiarity with data analytics tools and techniques to enhance audit processes and findings.
Accounting Software: Proficiency in accounting and auditing software (e.g., SAP, Oracle, ACL) for effective data analysis and reporting.
Soft Skills
Communication Skills: Excellent verbal and written communication skills for presenting findings to management and stakeholders.
Interpersonal Skills: Strong ability to build relationships and collaborate effectively with various departments.
Personal Attributes
Analytical Thinker: Strong analytical and critical-thinking skills to assess complex situations and identify key issues.
Attention to Detail: High level of accuracy and attention to detail in audit documentation and reporting.
Integrity and Ethics: Strong sense of ethics and integrity, with a commitment to maintaining confidentiality.
Additional Qualifications
Project Management: Strong organizational and project management skills to handle multiple audits and meet deadlines.
Continuous Learning: Commitment to professional development and staying updated on industry trends and regulatory changes.