Internal Audit Manager

KEY OUTPUTS:

• Recommendations for improvement when internal control deficiencies are identified
• Draft audit reports to Divisional Heads soliciting responses to gaps identified and recommendations made. 
• Prepare Annual Risk-based Audit Plan addressing areas of significant risk within the Company
• Exception reports highlighting major weaknesses and recommendations for submission to the Divisional Director and the Audit Committee 
• Continuous review of the Internal Audit Charter for relevance 
• Staff Performance Appraisal 
• Monitoring Department budget  

KEY RESPONSIBILITY AREAS:

• Design, develop and implement audit plans and programmes to routinely evaluate internal controls for the company’s operations (Financial, Commercial and Technical) including contractual and policy compliance and corporate governance.  
• Assist in the preparation and development of the annual Internal Audit Risk-based Plan
• Examine and evaluate the adequacy and effectiveness of the organization’s systems of internal control and quality of performance in carrying out assigned responsibilities. 
• Assess and report on the effectiveness of management systems. 
• Assess the financial and commercial processes to detect control deficiencies and weaknesses; develop appropriate recommendations and action plans for remediation.  
• Ensure that audits are properly planned, documented and controlled and follows the IPPF – International Professional Practices Framework 
• Ensure that adequate audit steps are undertaken to verify the completeness, accuracy, ownership and valuation, as appropriate, of a transaction cycle. 
• Prudently manage the Division’s approved budget  
• Monitor Staff performance, punctuality and tardiness  
• Maintain confidentiality of all information arising out of internal audit activities and all matters within the Department 
• Determine training needs for Internal Audit staff 
• Maintain confidentiality of all information arising out of internal audit activities and all matters within the division.

Required Competencies

Core/Leadership

Adoptability & Managing Change

• Helps others adapt to a changing work environment and to embrace change  
• Promotes the benefits of a proposed change  
• Takes time to question; understand and speak to the underlying needs of stakeholders beyond those initially expressed.
• Makes/recommends changes to work processes or systems to improve business results.  
• Develops plans and prioritizes resources to effectively implement change  
• Remains focused on the desired outcome to help self and others implement change.

Applying Learning

• Recognizes how prior knowledge and skills apply to complex or new circumstances. 
• Develops innovative ways of applying technical/ professional knowledge to handle new challenges. 
• Demonstrates commitment to continuous learning and growth to develop knowledge and expertise. 

Communication 

• Tailors the content of speech and written communication to suit the level, cultural background and experience of the audience.
• Establishes communication plans and strategies. 
• Anticipates and prepares for others reactions, adapting tactics to create a specific impact. 
• Communicates complex issues clearly and credibly with widely varied audiences. 

Creativity & Innovation

• Looks ahead and can spot opportunities/obstacles and to develop new approaches, products and services to meet organizational needs.
• Encourages others to challenge traditional approaches.
• Asks thought provoking questions to spark others creativity.
• Support and work with others to produce innovative solutions.

Customer Focus 

• Takes time to understand the real underlying needs beyond those expressed. 
• Focus resources on priority areas and /or key customer groups.
• Always work closely with customers, developing an independent view of their needs and acting in their long term interest.
• Monitor customer satisfaction and recommends changes to work processes to improve results and service.

Decision Making

• Makes complex decisions for which there are no set procedures.
• Develops innovative solutions that address the root cause of the problem and prevent recurrence. 
• Aligns decisions with organizational goals, direction, ethics and values. 
• Anticipates obstacles and thinks ahead about steps. 
• Makes sound business decisions when faced with complex and contradictory alternatives 
• Defines, communicates and consistently exemplifies the organization’s values and ethics

Financial responsibility

• Understands the current costs of work processes and programs.
• Balances cost versus benefit in taking action or making cost related decisions. 
• Prepares accurate cost estimates and schedules. 
• Monitors the budget, tracks costs and revenue, where appropriate.
• Takes corrective action as required. 
• Monitors to ensure the efficient and appropriate use of resources.
• Continuously looks for methods to improve operational efficiencies 

Process improvement & Quality Management

• Can identify when Process Improvement methodology should be used to improve a situation 
• Can assemble a process improvement team and deploy basic team forming activities 
• Can provide leadership in applying PI methodology 
• Often holds the role of ‘PI Team Leads’ and has proven results in moving the project through to successful completion 

Results Oriented

• Tackles difficult problems and takes personal responsibility for reaching solutions. 
• Sees obstacles as challenges and develops innovative strategies to overcome them. 
• Strives for continuous improvement and creative solutions. Sets challenging goals and objectives and measures performance against these. 
• Demonstrates the ability to use corporate resources and expertise to achieve desired results.

Safety Focus 

• Proactively thinks about his/her safety and the safety of others. Keeps personal and group safety on employees’ minds at all times. Adheres to high standards of safety. 
• Reports and / corrects unsafe work conditions. 
• Acts to correct unsafe work habits.

Teamwork 

• Encourage and empower others making them feel accountable and engaged. 
• Creates new opportunities for individuals to work together, breaking down barriers when necessary. 
• Is a model of cooperative behavior and hold team members accountable. 
• Actively promotes diversity through visible actions and initiatives 
• Manages and balances personal goals with the goals and direction of the Corporation 

Leading & Developing others

• Sets a strong example through own behavior. 
• Inspires and empowers others to overcome difficulties and achieve. Provides challenging assignments and specific opportunities to broaden employees’ skills and experiences. 
• Encourages and acts upon feedback to self. 
• Provides guidance, counsel, direction, and assistance to employees. 

Technical/ Functional Competencies

• High level of organizational and Administrative skills 
• Ability to work independently 
• Brilliant Judgment and Analytical Skills 
• Excellent interpersonal Skills 
• High degree of integrity and confidentiality 

REQUIRED EDUCATION AND EXPERIENCE 

• Certified Internal Auditor (CIA) and/or ACCA, Degree in Accounting or other relevant professional qualifications plus five (5) years’ experience in a similar role 
• CRMA, CGAP &/or fraud certifications would be an asset