JOB PURPOSE

The Internal Audit Manager is responsible for the management of Internal Audit operations applying a risk-based, strategic, systematic, and disciplined approach to assist the Board and Management in ensuring that the company:

• Meets its business objectives.
• Has effective internal controls policies and procedures in place
• Comply with the Board and Management policies and directives
• Comply with the requirements of regulators and external auditors

RESPONSIBILITIES

• Provides an assessment on the adequacy and effectiveness of the Companys processes for controlling its activities and managing its risks to attain Companys goals and mission
• Develops flexible annual audit plan using an appropriate risk-based methodology, including any risks or control concerns identified by Management, and submit that plan to the Chief Executive Officer for review and approval as well as periodic updates
• Implements the annual audit plan, as approved, including as appropriate any special tasks or projects requested by management and the Chief Executive Officer
• Evaluates and assesses significant merging/consolidating functions and new or changing services, processes, operations, and control processes coincident with their development, implementation and/or expansion
• Reports significant issues related to processes for controlling the activities of the Company and its affiliates, including potential improvements to those processes, and provide information concerning such issues
• Performs follow-up reviews with client management to ascertain the resolution of observations and recommendations in the audit report
• Keeps Senior Management informed of emerging trends and successful practices in internal auditing
• Considers the scope of work of the external auditors and regulators, as appropriate, for the purpose of providing optimal audit coverage to the Company at a reasonable overall cost
• Ensures the Internal Audit resources are appropriate, sufficient and effectively deployed to accomplish the annual plan
• Train and provide continuing educational opportunities for Internal Auditors

TASKS

• Prepares monthly reports on the performance of the Department relative to its plan
• Ensures the quality of the Teams plan on an ongoing basis by reviewing and approving the engagement plans as they are developed and communicated to the Audit Customers
• Reviews the Risk and Control Matrix and Summary of Work Performed as they are developed and executed by the Internal Auditors for each engagement
• Prepares or reviews audit reports detailing audit findings, recommendations and Audit Customers responses or comments
• Conducts follow through of implementation of audit recommendations at least once a month.
• Updates the Manual of Internal Audit procedures at least once a year.

QUALIFICATION REQUIREMENTS

• Graduate of four (4) year course in Accounting
• Certified Public Accountant
• Certified Internal Auditor or Certified Information System Auditor
• At least five (5) years supervisory experience in the field of internal or external audit.
• Ability to communicate high risks and broad impact issues and influence change at management level
• Highly analytical
• Detail oriented, conscientious and systematic
• Demonstrated ability to work effectively with individuals or teams across all levels of the organization
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  Effective verbal and written communication skills specially with regard to interaction with technical, business and management staff

Special / Technical Skills Required

• In-depth understanding of risk management concepts and internal controls systems and frameworks.
• Knowledgeable in Philippine accounting standards
• Knowledgeable in technology tools such as MS Office and Visio.