Key Responsibilities:
1) Establish the Internal Audit Section:
- Lead in setting up the Internal Audit function within the Finance Team, including defining policies, procedures, and audit frameworks.
- Develop a structured audit plan aligned with organizational objectives.
2) Audit Planning & Execution:
- Conduct risk-based audits of financial, operational, and compliance processes.
- Evaluate existing internal controls and recommend improvements to strengthen governance.
3) Risk Management & Internal Controls:
- Identify potential risks across financial and operational areas and propose mitigation strategies.
- Ensure proper segregation of duties and authorization hierarchies within finance.
4) Regulatory & Policy Compliance:
- Monitor adherence to internal policies, external regulations, and statutory requirements.
- Work closely with Finance and Compliance teams to ensure a robust control environment.
5) Fraud Detection & Investigation:
- Identify anomalies, financial discrepancies, and potential fraud cases.
- Conduct investigations and recommend corrective measures.
6) Reporting & Documentation:
- Prepare audit reports detailing findings, risks, and recommendations.
- Present reports to senior management and the Audit Committee.
7) Implementation & Follow-Up:
- Ensure the execution of audit recommendations and track corrective actions.
- Support the Finance team in embedding strong financial controls.
8) Training & Awareness:
- Educate finance and operational teams on internal audit best practices and risk mitigation.
- Promote a culture of compliance and process discipline within the organization.
