INTERNAL AUDIT MANAGER

Job Summary

To plan, execute, and manage internal and compliance audits across various functions and business units of TZC to provide an independent reasonable assurance to audit committee and senior management on the adequacy and effectiveness of the system of internal controls, governance, risk management process operated by the management.

Job Description

1. Assist in the development of audit universe and risk based annual internal audit plan across entities, activities, and processes within the Group that are auditable and mapped against Organizational Chart and Trial Balance to ensure completeness. 
2. Assist in risk assessment activities, which include identifying key risks across the Group and evaluating such risks according to their potential consequences and likelihood which serves as the basis of the risk-based annual internal audit plan. 
3. Implement approved annual internal audit plans and schedules, as well as supervise its execution.
4. Design and formal issuance of audit plans through Audit Terms of Reference (TOR) for specific internal audit engagements execution as per approved annual internal audit plan by identifying audit scope, objectives, key risks, timetables and resource allocation.
5. Lead and manage a team of internal auditors, providing guidance, support, and mentorship as needed.
6. Develop audit objectives and ensure that audit engagements from planning (including risk assessment), execution, fieldwork, and reporting are performed by the auditors in accordance with the Internal Audit Department’s methodologies and International Standards for the Professional Practice of Internal Auditing and as defined by the annual audit plan or as requested by Audit, Risk and Compliance Committee.
7. Ensure that key risk are identified and assessed, and appropriate recommendations are given for risk mitigation strategies.
8. Ensure that auditors has developed audit test plans/procedures which are appropriate to address risks related to the business and keep Chief Audit Officer updated about the progress of the audit.
9. Ensure that business units’ operations and financial performance are appropriately evaluated by the auditors in order to identify and assess risks and check whether those are aligned with overall strategy, set KPIs, and drivers. 
10. Ensure test procedures are appropriately performed by the auditors to verify whether financial and management reports generated by Management Information System are reasonable and represent actual transactions.
11. Ensure that tests of controls and other procedures (if requires) which include substantive analytical procedures and tests of details are appropriately performed by the auditors to provide assurance on the adequacy and effectiveness of the control environment across functions. 
12. Ensure that test results and audit findings are appropriately analyzed and reported by the auditors.
13. Review audit reports and ensure observations and recommendations are clear, concise, objective, and accurately reflect audit results.
14. Communicate the audit findings and recommendations to senior management and stakeholders.
15. Lead internal audit meetings with key management personnel to highlight the key risks and findings and agree on the action plans.
16. Ensure all audit activities are properly supported by complete and fully documented audit evidence, and audit work papers to ensure proper documentation.
17. Lead internal audit meetings with key management personnel to highlight the key risks and findings and agree on the action plans.
18. Ensure that audit findings are appropriately and timely followed up for implementation.
19. Assist in implementation of Quality Assurance Improvement Program (QAIP) - Self Assessment which thoroughly evaluates the internal audit function to assess its effectiveness, and efficiency, in conformance with standards i.e. IIA's International Professional Practices Framework and QAIP.