Internal Audit and Risk Officer at Micro-Capholdings Limited

Job Summary:

Reporting to the Head of Internal Audit, the Internal Audit and Risk Officer must be a self-driven individual who will be responsible for conducting audits and risk assessments of Operating Companies (OpCos) within the Group as assigned.

The Internal Audit and Risk Officer must possess in-depth knowledge and capabilities to execute audit assignments whilst bringing a systematic approach to examine and evaluate the adequacy, effectiveness, and efficiency of the company’s risk management processes, internal control systems, and governance processes.

Key Result Areas:

·  Perform full audit reviews of assigned OpCos including evaluating the effectiveness of risk management and controls, safeguarding of assets, financial report’s reliability and compliance with all applicable laws and regulations as well as compliance to the Group’s policies and procedures.

·  Planning and conducting risk-based audits. Develop audit programs and testing procedures relevant to risk and audit objectives.

·  In-depth understanding of business processes and sufficient identification of all risks and related internal controls.

·  Execution of the Audit Plan and assignments, preparing and presenting audit findings and recommendations, in line with IIA Standards and Code of conduct and Internal Audit Policy and Procedures.

·  Demonstrate prudence, sound judgment, and appropriate timely escalation of types of risks (including fraud risk) applicable in areas of review.

·  Ensure successful and timely completion of assigned/planned audit engagements, from start to finish, inclusive of preplanning, fieldwork, and wrap-up activities.

·  Sufficiently address Supervisor’s review notes during assignments, managing audit files and ensuring proper filing of working papers in the Audit shared folder.

·  Prepare and submit timely, quality, and accurate audit reports; discuss audit findings and recommendations with departmental heads and relevant company staff; offer practical solutions relevant to business and related risks.

·  Constantly monitor if the audit recommendations have been implemented by the management by way of follow-up audits and prepare monthly progress reports.

·  Coordinating the documentation and revision of standard operating procedures (SOP) with key emphasis on the adequacy of controls to address underlying risks in processes.

·  Work with management to design adequate systems and procedures for start-up projects and OpCos in the Group.

·  Carry out spot checks on key areas such as cash count, IOUs, trade debtors, etc.

·  Conduct ad-hoc/ special investigations and reviews as requested by management/ board of directors.

·  Submit to the Head of Internal Audit daily updates that track progress on assigned tasks and any significant internal control issues.

·  Undertake any other tasks as assigned by the Head of Internal Audit from time to time.

Requisite Qualifications:

·  Bachelor’s Degree in Accounting, Finance, Technology, Business management, or the equivalent from a recognized university – minimum of an Upper Second-class Honors.

·  CPA (K) qualification, or the equivalent.

·    At least 2 years work experience as an auditor; in internal audit or external audit in a reputable company/ firm.

·  Computer literate with hands-on experience in the use of an Enterprise Resource Planning tool (ERP).

CISA or CIA qualification is an added advantage.