Internal Audit Specialist

Role Overview

The Internal Audit Specialist is tasked with assessing the robustness, comprehensiveness, compliance, and cost-efficiency of operational, financial, and information management controls. They also contribute to evaluating the effectiveness of the corporate governance framework while fostering strong relationships with audited units and ensuring timely adoption of internal audit recommendations.

Key Responsibilities

• Develop and implement testing strategies to fulfill audit objectives.
• Conduct testing of internal controls identified in the risk assessment during planning, and conclude on their effectiveness, including contributing to special audit assignments.
• Assist in preparing the Risk Control Matrix or audit programs incorporating risks, controls, control types, and risk categories.
• Execute internal audit tasks as outlined in the annual audit plan within allocated timelines and budgets.
• Gather adequate, accurate, and relevant information to support audit test results.
• Document understandings of business operations under review, record issues raised, and capture management responses.
• Engage in meetings with individuals and departments to communicate audit findings and processes.
• Approve all audit working papers and participate in closing meetings to discuss audit issues and recommendations with department heads.
• Prepare audit reports post-assignment execution and administer follow-up audits as scheduled to monitor implementation of audit recommendations.
• Evaluate the sufficiency of corrective actions and maintain records of audit recommendations and their status.

Qualifications and Experience

• Bachelor’s degree in Finance, Financial Management, Actuarial Sciences, Accounting, Business Management, Economics, or related fields.
• Preferred certifications include CIMA, CIA, ACII, CISA, or similar, along with IIA membership and other audit or risk management credentials.
• Minimum of three years of relevant professional experience in auditing or associated disciplines.