We are seeking a highly motivated and detail-oriented individual to join our team as an Internal Audit Associate.

As an Internal Audit Associate, you will play a crucial role in assessing and

improving our organizations internal controls and risk management processes. You will work closely with the Internal Audit Manager and other team members to conduct audits, provide recommendations, and contribute to the overall effectiveness of our internal audit function.

Responsibilities

Conduct internal audits

• Perform risk assessments and develop audit plans to evaluate the effectiveness of internal controls, policies, and procedures.
• Execute audit procedures, including analyzing data, documenting processes, and testing controls to identify weaknesses, inefficiencies, and compliance gaps – Prepare detailed audit work papers, findings, and recommendations to present to management.

Evaluate internal controls and compliance

• Assess the adequacy and effectiveness of internal controls in various business areas.
• Identify control deficiencies and provide recommendations for improvements to mitigate risks and enhance operational efficiency.
• Assist in monitoring compliance with internal policies.
• Collaborate with stakeholders:
• Engage with process owners and key stakeholders to understand business processes, risks, and control environment.
• Communicate audit objectives, findings, and recommendations in a clear and concise manner to management and relevant stakeholders.
• Foster productive relationships and provide guidance to business units regarding internal controls and best practices.

Follow-up and monitoring

• Track and monitor the implementation of audit recommendations and actions taken to address identified issues.
• Conduct follow-up reviews to ensure that corrective actions have been implemented and are effective.
• Keep abreast of industry trends, regulatory changes, and emerging risks to enhance audit methodologies and practices.
• Documentation and reporting:
• Prepare clear, concise, and well-structured audit reports summarizing findings,
• conclusions, and recommendations.
• Maintain accurate and organized audit documentation in accordance with professional standards and internal policies.
• Assist in the preparation of presentations and materials for audit committee meetings and management briefings.

Qualifications

• Strong understanding of internal control concepts, risk management, and audit methodologies.
• Excellent analytical, critical thinking, and problem-solving skills.
• Effective communication and interpersonal skills to interact with stakeholders at various levels of the organization.

Interested candidates should submit their resume and a brief cover letter explaining their interest in the role to hr@idealratings.com.