ASSISTANT MANAGER, GROUP INTERNAL AUDIT

JOB PURPOSE

Lead execution of audit activities to provide independent and objective assurance to the Management and Board Audit Committee on the state of company's internal control and compliance with corporate governance. 

KEY ACCOUNTABILITIES

1. Review and identify area of improvements in the Group's Standard Operating Procedures ("SOP") to align the current operations with the best practices.
2. Assist in the planning and conducting risks-based internal audit activities, including examine and monitor the company's internal control system and provide value-added improvements recommendations.

3. Lead execution of audit engagement as per approved audit plan. 
4. Develop audit work papers that adequately document the tasks performed and support audit findings.
5. Prepare audit reports for audit findings to ensure key issues, risks and root causes of findings are articulated.
6. Partnering with management to develop corrective action plans in response to all audit observations and subsequent follow-up to ensure closure of audit findings.
7. Participate on special projects / reviews as and when required.
8. To observe and recommend best practice of corporate governance and compliance with listing requirements.

KEY PERFORMANCE INDICATORS

(I) Financial

• KPI #1: Identifying Cumulative Annual Cost Savings / Cost Containment / Revenue Leakage.

(II) Customer

• KPI #2: Average Rating of Audit Satisfaction Survey Obtained from Management on Audit Engagement.

(III) Internal Process

• KPI #3: Quality of Audit Engagement (Overall Assessment and Rating by Engagement Manager).  
• KPI #4: Number of Audit Engagement Conducted.
• KPI #5: Turnaround Time from Planning until Completion of Fieldwork.
• KPI #6: Turnaround Time from Final Acceptance of Draft Report by Engagement Team Leader until Issuance of Draft Report to the Engagement Manager.
• KPI #7: Turnaround Time from Receipt of Reviewed Draft Report by Engagement Manager until Issuance of Draft Report for Management Response.
• KPI #8: Turnaround Time for Completion of Current Audit File (CAF) / Audit Working Paper (AWP).
• KPI #9: Number of Draft Audit Report Reviewed by Engagement Manager.

(IV) Learning & Growth

• KPI #10: Number of Training Days Attended.  

QUALIFICATIONS / CERTIFICATIONS

• Bachelor’s Degree in Accounting, Finance, Business Management, Engineering or any related field recognised by MQA. Master’s Degree in any discipline will be an added advantage.
• CIA/CISA/MICPA/CPA/ACCA/ICAEW/CA or any other professional qualification will be an added advantage.

DIMENSION OF ROLE

Value of Job:

• Internal auditor serves as primary role to provide an independent assurance over the internal control framework of SEB to ensure it is functioning as intended. Internal auditor discharges the responsibilities with a risk-based and disciplined approach to review and evaluate the effectiveness of governance, risk management and internal control processes.

Risks Factors:

• Capabilities to manage multiple audit engagements at any one time.
• Evolving audit skill needed.
• Technical tool gaps.

No of Staff Reporting: 1 - 2

Key Stakeholders:

• Board Audit Committee
• Auditee
• Group Chief Internal Auditor
• Engagement Manager
• Engagement Member

RELEVANT EXPERIENCE

• 6  - 9 years of experience (experience in auditing and oil & gas is an added advantage).
• Experience in Contract Administration / Quantity Surveying / Environmental, Social and Governance (ESG) will be an added advantage.

MAIN CHALLENGES OF THIS POSITION

• Challenge #1: Capabilities / competencies vs expectation / deliverables in term of quality, timeliness, etc.
• Challenge #2: Managing different level of personnel and gaining respect from the others.