Deputy Manager Internal Audit

Full Job Description

The purpose of this role is to identify and report on all controls weakness through application of systematic, disciplined approach to evaluate and improve the effectiveness of governance, risk management, process, controls and decision making.

• Establish and maintain effective & constructive relationship with the senior management
• Consult management through providing insight with regard to processes, people and system thus improving the operational efficiency and thereby reducing unnecessary cost burden
• Coordinate for timely resolutions of audit recommendations/suggestions as agreed by management.
• Support and update Head of Internal Audit on routine matters involving risk, governance and internal controls so that risk may be identified timely and communication across to management.
• Ensure that the audit is conducted in a timely and structured manner without hampering the management routine task
• Recommend improvement opportunities to reduce operational redundancies and fragmentation within processes.
• Involve in Fraud risk assessment and investigate fraud and report on significant control failures and deficiencies.
• Assist Head of Internal Audit to develop an annual risk based Internal Audit Plan in coordination with concerned process owners.
• Facilitate the Regulator for any queries and inspections carried out by them.
• Prepare Internal Audit Report for management comments.
• Assist Head of Internal Audit in developing and updating internal audit charter and manual with the intent to improve Internal Audit Department’s processes and capability
• Prepare Audit Universe in consultation with Head of Internal Audit
• Develop Audit program together with Risk and Control Analysis and Test logs.Execute Audit in accordance with agreed Audit program
• Ensure Audit protocols are in conformity with polices and procedure and continuously report on its status of conformity to Head of Internal Audit.
• Draft Internal Audit Report and discuss the initial findings with the Process owners before reviewing it across to Head of Internal Audit
• Share the current status of Internal Audit activity with Head of Internal Audit
• Update Head of Internal Auditor with regard to changes in Laws and Regulation and Company’s operations
• Track implementation of reported findings and discuss their implementation status with management on a regular basis.
• Ensure pre commencement and exit meeting are conducted in accordance with policy manual.
• Maintain departmental and professional ethical standards.
• Involve in review of IFRS 17 implementation and identify and report any weaknesses identified during its implementation.
• Seek continuously in improving internal audit approaches, tools and methodologies and productivity.
• Share knowledge, skills and experience with audit members to guide and assist in their development
• Guide and motivate people to adhere to applicable laws (internal and external), policies and procedures
• Develop team spirit and multitasking capabilities within the team
• Promote two-way communication
• Facilitate delegation and empowerment by assigning various nature of task to Senior officer. This will also enable their professional development over the long term
• Build connection internally and externally with an aim of consolidating and strengthening network