Head, Internal Audit at Deloitte

Description

On behalf of our client in the financial sector, we are recruiting for the role of Head, Internal Audit. The successful candidate would play an instrumental role in optimizing business operations. The candidate's responsibilities will include developing audit strategies, conducting comprehensive audits, ensuring regulatory compliance, and driving process improvements across the organisation.

Additionally, the candidate will provide strategic leadership, mentorship, and expert guidance to the internal audit team. 

KEY RESPONSIBILITIES

Strategic Leadership 

• The job holder would be responsible for the design and implementation of audit strategies to address key risks across the organisation, evaluating the effectiveness of key controls. 
• Assist in planning, executing, and reporting on internal audits across various business processes, ensuring compliance with regulations, partner requirements, and financial reporting standards. 
• Development of policies and procedures, contribute to strategic planning, and participate in business continuity planning. 

Risk Assessment

• Identification, assessment, and mitigation of risks to prevent audit failures and regulatory infractions. 
• Responsible for the development and execution of risk-based internal audit plans. 
• Preparation and submission of final audit reports to Senior Leadership Team and Audit Committee and recommendation of improvements based on identified weaknesses and insights from industry and regulatory expectations. 

Financial Reporting Review

• Examine the organisation's financial statements for accuracy, completeness, and compliance with accounting standards. 
• Evaluating figures, accounts, and statements with other finance personnel, regulators, and tax officers, while verifying documents, figures, and account details for auditing purposes, and obtaining, analyzing, and evaluating relevant accounting documentation. 

Internal Control

• Evaluate the internal control systems established to ensure compliance with policies, plans, procedures, laws, regulations, contracts, and ethical business conduct. 
• Responsible for mapping processes and confirming design effectiveness of internal controls. 

 Regulatory Compliance 

• Responding to both regulatory and external auditor requests and inquiries, ensuring a smooth and efficient examination and external audit process. 
• Evaluation and adherence to compliance of financial, IT, HR, Marketing, and business documents with federal regulations and audit standards. 

Governance Oversight: 

• Provide independent assurance to the board of directors and senior management on the effectiveness of the organisation's governance framework. 
• Drive ad-hoc initiatives and provide advisory insights. 

Team Management: 

• Supervision and coaching team members to ensure quality assurance and performance management. 

Requirements

• Bachelor’s degree in finance, accounting or a related discipline. 
• Master’s degree or MBA in related field is an added advantage. 
• Possession of any of the following certifications is an added advantage (e.g., ICAN, ACCA, CPA, CFA, or CIA) or any relevant certificate. 
• Minimum of ten (8) years’ working experience with at least 3 years in a management role 
• Proven track record in an internal auditor role within the fintech industry. 
• Extensive knowledge of financial management for banking and online financial services. 
• Knowledge of relevant tax laws and regulations. 
• Understanding of accounting principles, financial statements, and relevant accounting standards. 
• Knowledge of regulations within the fintech environment. 
• Knowledge of financial modelling techniques. 
• Other requirements are excellent communication skills, negotiation skills, stakeholder management e.t.c