JOB PURPOSE
The Internal Audit Manager is responsible for the management of Internal Audit operations applying a risk-based, strategic, systematic, and disciplined approach to assist the Board and Management in ensuring that the company:
- Meets its business objectives.
- Has effective internal controls policies and procedures in place
- Comply with the Board and Management policies and directives
- Comply with the requirements of regulators and external auditors
RESPONSIBILITIES
- Provides an assessment on the adequacy and effectiveness of the Company’s processes for controlling its activities and managing its risks to attain Company’s goals and mission
- Develops flexible annual audit plan using an appropriate risk-based methodology, including any risks or control concerns identified by Management, and submit that plan to the Chief Executive Officer for review and approval as well as periodic updates
- Implements the annual audit plan, as approved, including as appropriate any special tasks or projects requested by management and the Chief Executive Officer
- Evaluates and assesses significant merging/consolidating functions and new or changing services, processes, operations, and control processes coincident with their development, implementation and/or expansion
- Reports significant issues related to processes for controlling the activities of the Company and its affiliates, including potential improvements to those processes, and provide information concerning such issues
- Performs follow-up reviews with client management to ascertain the resolution of observations and recommendations in the audit report
- Keeps Senior Management informed of emerging trends and successful practices in internal auditing
- Considers the scope of work of the external auditors and regulators, as appropriate, for the purpose of providing optimal audit coverage to the Company at a reasonable overall cost
- Ensures the Internal Audit resources are appropriate, sufficient and effectively deployed to accomplish the annual plan
- Train and provide continuing educational opportunities for Internal Auditors
TASKS
- Prepares monthly reports on the performance of the Department relative to its plan
- Ensures the quality of the Team’s plan on an ongoing basis by reviewing and approving the engagement plans as they are developed and communicated to the Audit Customers
- Reviews the Risk and Control Matrix and Summary of Work Performed as they are developed and executed by the Internal Auditors for each engagement
- Prepares or reviews audit reports detailing audit findings, recommendations and Audit Customer’s responses or comments
- Conducts follow through of implementation of audit recommendations at least once a month.
- Updates the Manual of Internal Audit procedures at least once a year.
QUALIFICATION REQUIREMENTS
- Graduate of four (4) year course in Accounting
- Certified Public Accountant
- Certified Internal Auditor or Certified Information System Auditor
- 10+ years experience in Audit
- At least five (5) years managerial experience in the field of internal or external audit.
- In-depth understanding of risk management concepts and internal controls systems and frameworks.
- Knowledgeable in Philippine accounting standards
- Knowledgeable in technology tools such as MS Office and Visio.
- Experience in Top Big 4 Audit companies
#J-18808-Ljbffr
