Role Overview & Responsibilities

This role is responsible for planning, organising, managing and coordinating the activities of the internal audit function and ensuring that NMG is provided with independent and objective assurance, by evaluating and monitoring the adequacy and effectiveness of the internal control systems, risk management and governance processes, through a systematic and objective risk-based approach. Key deliverables include:

• Developing and implementing the internal risk-based audit strategy, budget and annual plan that protects the assets of NMG and promotes the adoption and adherence to governance standards.
• Developing an internal audit charter including terms of reference and service delivery approaches.
• Planning and scheduling audit assignments by assessing and prioritising risks, to ensure that target areas of high risk are addressed to improve the soundness and effectiveness of the internal control systems.
• Planning and scheduling audit assignments by assessing and prioritizing financial and operational functions to improve the effectiveness of internal control systems in order to prevent loss of assets.
• Conducting audits to assess the efficiency and effectiveness of which resources are being acquired and employed.
• Reviewing and assessing managerial, financial, performance and operational audits to assess whether programmes comply with relevant regulations and other provisions.
• Analysing the efficiency, effectiveness and integrity of management and administrative controls to ensure compliance with audit policies and procedures.
• Providing quality assurance of IT governance and oversight, looking at the IT systems internal control designs, cyber security and other protocols.
• Managing the implementation of Internal Audit recommendations to enhance business process efficiency.
• Maintaining a quality assurance and improvement programme that covers all aspects of NMG to evaluate the operations of the Internal Audit function.
• Conducting periodic workshops to promote awareness of internal controls, risk management and governance processes.
• Conducting research on audit trends and analysing external information to assess risk factors and identify high risk areas.
• Coordinating audit efforts with the External Auditor’s to avoid duplication and overlapping of duties.
• Providing periodic updates to the Finance, Audit and Risk Committee as well as Board, and reporting on audit activities.
• Contributing to the development of corporate strategies and objectives in fulfilling the mandate of NMG.
• Managing and developing the internal audit team by providing training and instilling a high performance culture in order to achieve the strategic objectives and ensuring that the team carries out their audit assignments freely, unbiased, objectively and professionally with unlimited access to relevant information.
• Living the NMG values of Collaboration, Go for it! Make it Count and Curiosity in everything you do.

Experience & Education Requirements:

• Bachelor’s degree in Accounting/Finance/Auditing or in a related field
• Must have a professional qualification in internal audit or Accountancy (CIA/ACCA/CIMA/BICA)
• Membership of a recognised audit body (IIA)
• Eight years’ post qualification experience in an Internal Audit environment, of which three should have been served in a managerial position.
• Previous experience in fund administration, insurance or financial sector industries is desirable.

Competencies Required:

• Effective communication skills (written and verbal)
• Interpersonal effectiveness
• Innovative, persuasive and collaborative
• Professional ethics
• Business Acumen and critical thinking
• Strategic thinker and analytical
• String problem solving and decision making skills
• Customer/client focused
• Attentive to detail
• Business acumen and process analysis
• Knowledgeable in audit planning, internal controls, corporate governance and risk management
• Knowledge of latest development in international internal audit management practices and standards
• Computer literacy (Excel, Computer Aided Audit Systems, etc.)

Finding a Better Way | Collaboration | Go for it! | Make it count | Curiousity