Internal Audit Manager

Job Title: Internal Audit Manager

Department: Internal Audit Department

Reports To: Audit Committee

Job Summary

The Internal Audit Manager is responsible for leading the in-house internal audit function, managing the annual risk-based audit plan, and ensuring the quality and timely completion of audit engagements. This role provides strategic recommendations to executive management and the Audit Committee and ensures the internal control environment is maintained and continuously improved.

Key Responsibilities

1. Strategic Leadership and Planning

• Develop and manage the annual risk-based internal audit plan, ensuring adequate coverage of high-risk areas.
• Provide strategic recommendations to the CEO/executive management team and the Audit Committee regarding risk management and control improvements.
• Establish and develop relationships with senior management, external partners, and stakeholders.
• Ensure that the internal control system for the company is in place.
• Maintain a strong internal control environment, ensuring strict compliance with IFRS, statutory accounting rules, and company policies and procedures.

2. Audit Execution Management

• Oversee the execution of all internal audit engagements, ensuring adherence to professional standards (IIA) and company policies.
• Review and approve audit planning memorandums, Risk Control Matrices (RCM), and detailed audit programs.
• Monitor audit progress to manage within budgetary and time constraints, and guarantee audit initiation and completion within the agreed time frame.
• Liaise with external and internal auditors, discussing findings and recommendations with leadership for formal implementation.
• Participate as a key thought leader within the regional finance team, influencing decision making and identifying finance priorities.

3. Reporting and Communication

• Review and approve all draft and final Internal Audit Reports for presentation to management and the Audit Committee.
• Ensure audit reports clearly articulate audit observations, risks, impacts, and practical recommendations.
• Track the status of open audit findings and management action plans, reporting on the progress of remediation to the Audit Committee.
• Keep lines of communication open with staff and clients/process owners.

People Management Responsibilities:

Manages the members of the department by evaluating their performance, providing feedback on an on-going basis, identifying development needs and coaching them to ensure capability development.

Qualifications and Skills

• Bachelor's degree in Accounting, Finance, or a related field.
• Relevant professional certifications such as Certified Internal Auditor (CIA) is highly desirable.
• Extensive experience (e.g., 8+ years) in internal auditing or external assurance, with a significant portion in a managerial role.
• Demonstrated experience in leading a team and directing the success of multiple engagements.

Excellent communication, presentation, and report writing skills for effective communication with all levels of the organization, up to the executive team.