Internal Auditor at Chris Ejik Group of Companies

Job Description

• Participate and provide input in the articulation and development of the Internal Audit, Compliance & Risk Management departmental strategy.
• Champion the articulation and development of departmental plans, programs and strategies to facilitate the realisation of the Internal Audit, Compliance & Risk Management, and organisation-wide strategies.
• Demonstrate ownership and communicate the department’s strategic direction and objectives to all staff ensuring mutual understanding of roles, responsibilities and accountabilities.
• Provide broad guidelines for the articulation of the department’s policies, procedures and guidelines and monitor and ensure compliance by all staff.
• Designs, implements and continuously reviews internal control and audit procedures to cover all functional areas/inter-company relationship and/or transactions/staff audit, etc.
• Establishment and Implementation of a sound internal control systems in line with our operational activities requirements.
• Continually communicates key company controls, policies and approval limits.
• Documents evidence arising from audit and provides internal audit recommendations to the BOD, executive management and management of the operating units for review and approval.
• Conduct thorough and objective examination of financial and non-financial transactions and records.
• Maintain regular updates on trends and advances in global risk management and ensure the knowledge and relevant information is communicated to business managers within and outside the department.
• Oversee the standardization of control processes and practices, as well as application of relevant control tools and techniques within the organization.
• Prepares and presents audit and risk assessment reports identifying weaknesses and suggesting new procedures, controls and policies to the BOD and executive management of the company.
• Serve as key information node for disseminating new and revised operating policies and procedures as well as improvements/changes in control/monitoring tools, techniques and approach.
• Coordinate departmental involvement to identify control implications of process improvement/redesign and systems upgrade/implementation efforts and ensure the adequacy and sufficiency of the controls.
• Ensure overall process compliance with established policies and controls as well as regulatory/statutory stipulations and guidelines.
• Commission/approve the conduct of routine and special investigations ensuring standard procedures are adhered to.
• Review audit reports and work papers ensuring professional standards are not compromised and that conclusions and recommendations are adequately supported.
• Ensure the timely resolution of investigated items, audit/review points and other key exceptional issues/matters.
• Foster and maintain business relationships with relevant institutions and ensure the business is abreast of and in compliance with regulatory changes impacting its operations.
• Manage the interface between the department and other divisions/functions in the organization to ensure smooth functioning of the department.
• Initiate periodic meetings and liaise with interfacing departments to define, appraise or revise service levels.
• Advise the organization, BOD, on good governance and best practices in business risk management.
• Provide input and be proactively involved in the development of the business continuity plan.
• Coordinate and oversee the development of the departmental budget and contribute actively to the preparation of the organization’s budget. (!!) he put this here
• Monitor actual activity and performance levels against the agreed budget and take appropriate corrective action to ensure a cost-justified execution of the departmental activities.
• Review and authorize key expenditures/transactions of the department in line with approved departmental budget and the organization’s manual of authority.
• Provide leadership and guidance to the unit heads and coordinate activities within the department to ensure compliance with internal policies and procedures as well as regulatory and statutory requirements.
• Monitor and oversee the performance of subordinates ensuring compliance with approved performance standards.
• Ensure that daily, weekly or monthly activity status and performance reports for the department are prepared for the attention of the Executive Director and other relevant parties.
• Develop risk management strategies to mitigate identified risks for the entire company operations;
• Conduct orientation of relevant parties on new processes, policies and controls across the entire company.
• Periodically review the department’s policies and procedures and recommend improvement opportunities to the Executive Director.
• Oversee the implementation of policy amendments once relevant approvals have been obtained.
• Perform other responsibilities as directed by the Board of Directors or Executive Director. (His Comment: this is purely a reporting structure. Can be updated if needed)

Qualifications

• A good First Degree in any Management Science / Social Science related discipline preferably in Accounting or Economics.
• Minimum of 5 years post-graduate experience with a minimum of six (2) years in a similar position.
• Possession of at least one of these Professional qualification e.g. ACA, ACCA, CISA, CFA is mandatory and will be an added advantage.
• Preferably, professional experience should be against the background of a reputable audit firm.