Executive Search Firm Monroe Consulting Group Philippines is recruiting on behalf of a diversified conglomerate offering services in logistics, ship management, tourism, and information technology. Our respected client is seeking an experienced Head of Internal Audit & Risk Management to lead the company and its group members in Interna Audit activities and risk management duties. This position is on a Hybrid work set up and is located in BGC, Taguig, Philippines.
Job Summary:
The Internal Audit & Risk Management (IARM) Head provides overall leadership to the Internal Audit team in evaluating and determining the level of compliance of company's Member Companies with prescribed internal controls and risk management standards. He/she shall demonstrate appropriate leadership and the necessary skills to fulfill responsibilities in maintaining the department's independence and objectivity
Following the mandates of company's BOD/Audit Committee (and as provided in the Internal Audit Charter), he/she shall develop strategic audit plans and programs that focus on effective risk identification, assessment and mitigation, as well as on government regulations and generally accepted accounting principles or practices.
Key job responsibilities include:
- Develops an audit plan based on robust risk assessment, including inputs from the Board of Directors, Audit Committee and Senior Management and ensures that such plan is comprehensive and adequately covers regulatory matters.
- Communicates to the SMC/Management a fair representation/audit report of the Group's financial statements and internal controls or processes.
- Cascades important information discussed during the Management Committee meetings to all department members/assigned teams
- Collaborates and partners with the Heads to ensure that acceptable accounting and audit standards and policies are followed or implemented in their respective business operations. Evaluates the adequacy and effectiveness of internal accounting procedures and operating systems and controls.
- Ensures that the internal audit function has adequate human resources with sufficient qualifications and skills necessary to accomplish its mandate.
- Ensures that the internal audit function complies not just with relevant code of ethics and sound internal auditing standards such as the Internal Auditors' International Standards for the Professional Practice of Internal Auditing, but also other supplemental standards that may be issued periodically by regulatory authorities / government agencies.
- Monitors the effectiveness of existing work methods and processes in his/her department in order to continually improve or enhance efficiency and productivity
- Regularly monitors direct reports' performance through conduct of regular and timely performance evaluation as well as coaching sessions
- Periodically assesses and monitors the skill-set of the internal audit function and ensures that there is an adequate development program for the internal audit staff
- Prioritizes and aligns the activities of the assigned teams given current and/or changing company/division/cluster/corporate goals and directions
- Selects or identifies the appropriate metrics to drive the intended behaviour and performance results among members of the department or his/her assigned team
- Ensures that safeguards are in place for other performance areas/metrics that fall outside internal auditing to limit impairments to independence or objectivity.
Key job requirements include:
- Graduate Degree (MBA / MM/ Master's in accountancy)
- At least 5-10 years of experience as External / Internal Auditor with at 2 years in a Managerial role.
- Licences Acquired: Certified Public Accountant, Certified Internal Auditor, Certified Fraud Examiner, Certified Information Systems Auditor
- Willing to work in field work and project implementation
- Technical Skills: Audit Principles/Practices/Standards, Enterprise risk management (risk analysis and control assessment), Accounting Systems/Principles
- Experience in Audit, Tax Compliance Audit & Sarbanes-Oxley Act Engagements
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