Vacancy

EXECUTIVE II, GROUP INTERNAL AUDIT

Description

1. Assist the Manager, Internal Audit in planning and executing the assigned audits using risk based approach based on the department’s Annual Audit Plan; 2. Conduct risk based audits by identifying risks and evaluating the controls to mitigate those risk

Tasks & Responsibilities

To plan and execute audits using risk based approach based on the department’s Annual Audit Plan and in accordance with accepted standards, provide objective evaluation of internal control system, identify significant risks at all levels of business and to report audit findings and make recommendations for correcting unsatisfactory conditions, improving operations and reducing costs.
1. Audit Planning
1.1 Carry out risk-based audit planning of audit assignment in accordance to the department’s Annual Audit Plan and as assigned by the department.
1.2 Determine and establish appropriate audit scope and prepare an Audit Remit covering the subject matter, audit objectives, scope and methodology after conducting relevant research of the area to be audited.
1.3 Design and revise audit procedures/programmes that stress audit effectiveness and efficiency and to provide added value to the auditee. Design relevant internal control questionnaires for auditee’s response.
1.4 Submit Audit Remit with Time Budget and other relevant supporting documentation to Senior Audit Manager/CIA for approval.

2. Audit and Performance
2.1 Competently perform each audit assignment in accordance to the approved Audit Remit with defined objectives and professional standards of audit and to ensure timely completion of assignments within budgeted resources and schedules.
2.2 Identify and evaluate significant risks and controls for the areas being audited.
2.3 Update Audit Management periodically on the progress of the audit.
2.4 Identify, compile and prioritise issues, exceptions, conditions, factors and practices which may be considered deficient or inadequate and confer with the auditee’s management during the fieldwork or at the conclusion of the audit and to facilitate the development of corrective actions, improvements and/or risks mitigating measures.
2.5 Issue audit queries arising from the assignment and ensure that auditee respond to them promptly and assess acceptability of management action plans.
2.6 Evaluate the overall results of the audit. Compile working papers and prepare summary of unresolved findings. Follow-up on matters related to audit and other matters as required.
2.7 Conduct follow up audits to confirm whether Management has implemented audit recommendations.
2.8 Perform special reviews/investigations as required.
2.9 Attends half yearly and annual stocktakes to ensure that stocktakes are done accurately and in accordance to company’s procedures.

3.0 Risk Assessment
3.1 Conduct audits of the Risk Management process and documentation as assigned, discuss deficiencies noted with the auditee and make recommendations on improvements to it.

4.0 Reporting
4.1 Write audit reports that describe the result of audit highlighting all exceptions, root causes, adverse conditions and factor of the auditee management’s activities and other deficiencies and to recommend corrective actions based on practices and with consideration of adding value to improve the internal control system, operational effectiveness, and policies, procedures and processes.

5.0 Administration and Training
5.1 Complete monthly time sheets, expense claims reports and where required, assist in the office administration.
5.2 Assist Chief Internal Auditor/Senior Audit Manager in training of internal auditors.
5.3 Undertake training / personal development courses when nominated for such courses to achieve excellence in work performance and for personal growth.Provide on the job training for internal auditors on audit assignments and supervise their work.
5.4 Maintain good and effective working relations with Head Office/Division’s/Subsidiaries’ staff and Management.









Accountabilities

1.To consistently behave in a manner that reflects the Group’s vision and core values with both internal and external stakeholders.
2.To foster teamwork with others by working with all stakeholders in the Group in a cooperative and friendly manner.
3. To regularly up-skill yourself through daily work experience, self-improvement and structured learning
4.To keep abreast of latest trends involving your specific role as well as the industry that you are involved in.
5.To be fully aware of and be in full compliance with Group’s policies and procedures all times.
6. To be fully aware of and be in full compliance with all laws and regulations that affect your job functions or the industry you are involved in.
7. To exercise reasonable care and caution to ensure that the confidentiality of Company’s documents and all material information in relation to the business is not compromised.
8. To produce timely and accurate reporting of your business and operations under your care to achieve the objectives set by your superior(s).
9. To formulate and execute clear strategies to run the business or operations under your care to achieve the objectives set by your superior(s).

Competencies

1. Collaborating
2. Work Standards
3. Continuous Improvement
4. Initiating Action

Education

Degree in Business Administration, Accounting, Finance or Auditing. Other disciplines (related to the businesses of OSK Group) may also be acceptable. Certification in Internal Auditing or Risk Management is an asset.

Experience

Minimum 1 years in internal auditing with exposure to various types of audits or fresh graduate. Proficiency in written and spoken English and has good interpersonal and communication skills.

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