Job Description
Senior Associate – Internal Audit
Employing Entity:
Waystone Technology Solutions Private Ltd
Department:
Internal Audit - UI0901
Reporting To:
Senior Manager – Internal Audit
Customers:
Internal
Manages People:
No
Job Level:
Senior Associate
All Waystone employees are expected to demonstrate our core competencies as
outlined below. The role of Senior Associate - Internal Audit has unique
requirements and duties; however, these responsibilities are to be executed
within the organization’s framework of core values. Waystone fosters an
environment for all employees to be high performing, self-motivated, learners
and leaders.
Summary of the role:
Waystone Group Internal Audit’s objective to consistently assess the adequacy
and effectiveness of governance and management of risks, giving an
evidence-based opinion on all aspects of governance, risk management and
internal controls. The Senior Associate - Internal Audit plays is a supporting
role to the Director or Manager – Internal Audit. Holding a position in the
third Line of Defense, Internal Audit will perform risk based audit testing on
Waystone entities. This role will be responsible for performing testing
indicated on the Internal Audit Program as agreed.
DUTIES AND RESPONSIBILITIES
Internal Audit Function
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Working with the Director - Internal Audit or Manager – Internal Audit
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Assist in the execution of audit engagements and properly and
adequately documents the testing from scope to report delivery.
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Assist in the compilation of periodic and consistent Board reporting.
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Assist in bespoke investigations/reviews as required.
Internal Audit Execution
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Proactive interaction with stakeholders on the Internal Audit
Program/Framework.
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Ensures that Internal Audit Tests/Reports are properly and adequately
documented as agreed with relevant stakeholders.
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Keeps the Director or Manager and auditee updated on the status of the
audits and observations noted during the course of testing.
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Produce Internal Audit Reports for approval by the Manager, Director or
Group Head of Internal Audit.
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Follow-up action plans for corrective actions relating to audit findings
or findings arising from other reviews.
Compliance & Regulatory Oversight
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Stay up-to-date on the latest developments in auditing standards, risk
management, and compliance regulations.
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Oversee audits to assess compliance with local and industry regulations.
Audit Supervision Role
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Responsible for keeping a knowledge base and skills required for the
execution of the internal audit tests on regular basis.
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Timely execution of work allocation to ensure audit testing is planned,
executed and completed fully.
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Communication of guidelines during the execution of the audit testing to
achieve the audit objectives.
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Escalates issues that may arise during an audit testing to the Manager,
Director or Head of Internal Audit.
Internal Audit Team
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Actively participate as a team member providing input on workstream
planning, potential identified efficiencies, with set goals in mind.
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Coach and review/provide feedback to junior associates and associates
during the audits.
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Contribute to the professional development initiatives to enable continual
team learning and performance.
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Executes an agreed set of objectives and goals for measuring performance.
General Experience
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Experience in (i) risk assessment (ii) control & risk evaluation, and
(iii) reporting. Ability to understand and assess the robustness of
controls governing business processes.
Qualifications
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A bachelor’s degree or significant experience in risk, compliance, audit
or operations-based control function.
-
Postgraduate and/or industry qualifications are also desirable – CIA or
recognised accountancy qualification.
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Recent and relevant experience in the financial sector with proven path of
advancement.
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Excellent interpersonal and communication skills, both written and verbal.
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Excellent people management skills, and the ability to balance competing
deadlines and stakeholders.
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Excellent stakeholder management skills with the ability to successfully
influence people at all levels of the Waystone Group.
Confirmation
I confirm my understanding of my role, duties and responsibilities as outlined
and reflected in this job description. I commit to ensuring the consistent
delivery and performance in the expectations of my role and that a copy of my
job description will be kept on the WAYSTONE HRIS system.