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Role Responsibilities

Internal Audit Strategies and Policies

• Develop and execute a comprehensive Internal Audit strategy and plans aligned with the Agency's strategy, goals and objectives and drive the implementation of approved plans.
• Develop and implement best practice Internal Audit policies, procedures, and programs that enhance the Agency’s internal controls.
• Lead and direct the strategic and operational activities of the Internal Audit function.
• Establish priorities and targets in terms of Internal Audit objectives.
• Drive the delivery of established Internal Audit performance targets defined in the strategic plan.

Risk Assessment

• Conduct risk assessments and evaluate the adequacy and effectiveness of internal controls.
• Develop risk-based audit programs to address identified risks and control issues.
• Continuously monitor and update the risk assessment to reflect changes in the business environment

Audit Planning and Execution

• Develop the internal audit plan by liaising with the risk and compliance division based on an assessment of the risks and priorities of the Agency.
• Plan and conduct audits to assess the adequacy, effectiveness, and efficiency of internal controls and compliance with policies and procedures.
• Review and evaluate financial and operational processes for accuracy and compliance with regulatory and policy requirements.
• Recommend improvements to internal controls, governance processes, and risk management practices.
• Work with management to design and implement effective control systems.
• Monitor the effectiveness of corrective actions taken in response to audit findings.

Compliance and Regulatory Requirements

• Audit the organisation’s compliance with applicable laws, regulations, and internal policies.
• Stay informed about industry regulations and standards to ensure audit practices are current and relevant.
• Assist in the preparation for external audits and regulatory examinations.

Reporting and Communication

• Prepare comprehensive audit reports with clear and actionable recommendations for improvement.
• Collaborate with management to develop action plans to address identified control deficiencies and mitigate risks.
• Present audit findings and recommendations to senior management and the Board Audit Committee.
• Follow up on the implementation of audit recommendations and report on progress.

Special Projects and Investigations

• Plan, coordinate and manage other specialist audits including but not limited to IT / Cyber security audits of the Agency.
• Conduct special audits and investigations as requested by senior management or the Board Audit Committee.
• Provide objective and independent reports of specific concerns or incidents.

Audit Methodologies

• Stay abreast of emerging trends, best practices, and regulatory changes in the field of internal audit and risk management.
• Foster a culture of ethics, integrity, and continuous improvement within the internal audit function and across the organisation.
• Establish audit methodologies and systems in line with best practice standards.
• Develop audit programs in line with the Agency’s internal environment.
• Implement and utilise audit tools and technology to enhance audit efficiency and effectiveness.
• Ensure adherence to professional standards and the internal audit charter.

Fraud and Ethics

• Oversee outsourced fraud or special investigations and participate in the reviews and audits.
• Facilitate the establishment and monitor the Ethics Hotline and provide confidential reports to the Chief Executive Officer and/or Board Audit Committee.
• Champion ethical behaviour through training and the confidential use of the ethics hotline throughout the Agency.

Financial Management

• Develop and manage departmental budgets in alignment with organisational goals and priorities.
• Allocate resources effectively to support departmental operations, projects, and initiatives.
• Prioritise resource allocation based on strategic objectives, workload demands, and critical needs.
• Communicate departmental financial information effectively to facilitate decision-making and strategic planning.

General

• Undertake other such duties commensurate with the role and as directed by the Chief Executive Officer and Board Audit Committee.

QUALIFICATIONS & EXPERIENCE

Qualifications

• Bachelor’s degree in Accounting, Finance, Business Administration or a related qualification from a recognised institution.
• A professional internal audit or accounting qualification from a recognised institution would be an added advantage.
• Membership and in good standing with BICA and/or IIA.

Experience

• A minimum of 8 years’ experience in audit. This must include a minimum of three (3) years in a managerial or supervisory role.
• Strong knowledge of internal audit and control frameworks, risk management practices, and auditing standards.
• Experience in conducting all types of audits (operational, financial and IT).
• Experience establishing internal audit plans, programs, policies and procedures and supervising audit teams.

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