Manager Internal Audit

Our employees are our company's greatest asset - they are our real competitive advantage. We possesse immense power of innovation, immagination and a desire to attract and retain the best; provide them with encouragement, stimulus, and make them feel that they are an integral part of the company's mission.

Purpose

The job is responsible to manage and review audits related to Finance and Supply Chain. The role is responsible to prepare the audit programs and work procedures and ensure that adequate verification as per the risk assessment methodology. The role also ensure that the team carries out the required audit procedures within the allocated time and is continuously engaged with team members and auditee management to ensure that work is carried out smoothly with adequate coordination. The role also carries root cause analysis of audit issues and prepares viable recommendations for onward submission to line manager. The role also assists the DGM in preparation of Draft audit report and audit presentations.

The position is also responsible for supervising special assignments and projects including investigative nature, irregularities in order to establish a fact. To review and supervise the execution of the specific management request. To carry out such other ad hoc assignments including management requests that are required in order to achieve the given objective.

The position is also responsible for assistance to prepare and develop risk based annual audit plan for the entities under the assigned portfolio. Review, monitor and assess the work of audit staff, prepare annual and half yearly performance appraisals for the audit staff. Review working papers prepared by audit team, conducting detailed review of audit work performed by the IA Staff to ensure compliance with audit manual and that all audit findings and issues are properly documented, communicated and agreed upon with process owners and complies with the Internal Quality Assurance and Improvement Program (QAIP). Review and amend the audit report prepared by audit team. Review, monitor and assess the work of audit staff and conduct performance appraisal for the audit teams.

Further, the position is also responsible to build, develop and maintain strong relationships with key internal stakeholders. Timely update of audit status in Audit Management Software (i.e. eAudit) for all audit jobs. Ensures the development and implementation of relevant audit programs, tools and methodology.

Education

CA qualified having overall experience of 4-5 years or Professional Accountant (Member of Professional Accounting body registered with IFAC) or finalist with 8-10 years of relevant experience

Knowledge

• Advanced knowledge of risk-based auditing
• Experience in application of risk assessment and techniques
• Able to develop thorough understanding of System processes and procedures
• Advanced knowledge of Computer Assisted Audit Techniques (CAATs)
• Knowledge of key business processes and related risks and exposures
  
  

Competencies

Area Of Responsibilities

• Finance and Supply Chain Audits -50%
• Plans and supervises execution of audits in line with the approved annual audit plan.
• Developing a strategy for the efficient and effective completion of engagements / assignments.
• Manage audit team to achieve approved audit plan and department objectives.
• Review ensure the quality of work performed by audit team and the adequacy of test performed, documentation of conclusions
• Manage the completion of audits by understanding entities’ objectives, structure, policies, processes, internal controls; identify risk areas; review audit scope and objectives; and review audit programs etc.
• Review, monitor and assess the work of audit staff, prepare performance appraisals for the audit staff after each assignment.
• Review working papers prepared by audit team, conducting detailed review of audit work performed by the IA Staff to ensure compliance with audit manual and that all audit findings and issues are properly documented, communicated and agreed upon with process owners.
• Review and amend the audit report prepared by audit team.
• Ensure that audit team conducted in compliance with the audit plan, audit manual and professional auditing standards in order to provide management with insights into areas of risk that are not adequately controlled and identify opportunities for process and control improvement.
• Discuss findings with auditees /process owners to achieve agreement and understand their concerns on corrective actions.
• Conduct performance appraisal for the audit team.
• Carry out follow up reviews to assess the status of implementation of the management action plans and ensure the continuation of such follow up till satisfactory results are achieved.
• Ensures the development and implementation of relevant audit program, tools and methodology.
• Assessing the overall control environment with the purpose of detecting significant loss potential or fraud
• Reviewing business processes, and systems in order to evaluate their quality, cost benefit, relative value and integration
• Developing viable recommendations to enhance processes and systems in order to improve their quality
• Follow up on Implementation plans -20%
• Carry out follow up reviews of IA observations and ensuring that the timelines agreed for implementation are being adhered to.
• Discussing and escalating matters incase of deviations in the implementation schedules
• Ensuring that the identified risks are adequately mitigated once the action items are implemented and new risks have not arose.
• Prepare the implementation report “Progress on Action items” to be submitted to DGM/DD
  
  

Area of Responsibility Continued

• Support Activities- 10%
• Prepare presentations for discussion meetings with department heads and group heads.
• Assist in preparation of board audit committee (BAC) presentations and working papers as required by higher-ups.
• Assist in development and up gradation of Finance and Supply Chain Risk Register and IA Manual.
• Assist in planning of staff annual training schedule according to the needs and requirements.
• Sharia Audit of Sukook Bonds -10%
• Carrying out annual review of Sharia Compliance of Sukook bonds issued to comply with the requirements of CCG.
• Coordinating with Treasury department and reviewing the necessary documentation to give assurance over the sharia compliance.
• Preparing the draft report of Sharia Compliance audit to be shared to supervisor and CIA for review.
• Preparing the summary presentation for onward sharing with BAC and Management team
• People Management -10%
  
  

Working actively to build staff’s capabilities and ensuring development of high performing teams. This entails rotation of team members for diversified exposure and providing opportunities to excel in the tasks being assigned. Coaching and counseling of team members and giving challenging tasks to develop skills necessary for improving efficiency and effectiveness of the tasks.

KE provides equal employment opportunity (EEO) to all persons regardless of age, color, origin, physical or mental disability, race, religion, creed, gender, marital status, status with regard to public assistance or any other characteristic protected by federal, state or local laws.