Senior Associate – Internal Audit

Senior Associate – Internal Audit

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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

• Working with the Director - Internal Audit or Manager – Internal Audit
  • Assist in the execution of audit engagements and properly and adequately documents the testing from scope to report delivery.
  • Assist in the compilation of periodic and consistent Board reporting.
  • Assist in bespoke investigations/reviews as required.

Internal Audit Execution

• Proactive interaction with stakeholders on the Internal Audit Program/Framework.
• Ensures that Internal Audit Tests/Reports are properly and adequately documented as agreed with relevant stakeholders.
• Keeps the Director or Manager and auditee updated on the status of the audits and observations noted during the course of testing.
• Produce Internal Audit Reports for approval by the Manager, Director or Group Head of Internal Audit.
• Follow-up action plans for corrective actions relating to audit findings or findings arising from other reviews.

Compliance & Regulatory Oversight

• Stay up-to-date on the latest developments in auditing standards, risk management, and compliance regulations.
• Oversee audits to assess compliance with local and industry regulations.

Audit Supervision Role

• Responsible for keeping a knowledge base and skills required for the execution of the internal audit tests on regular basis.
• Timely execution of work allocation to ensure audit testing is planned, executed and completed fully.
• Communication of guidelines during the execution of the audit testing to achieve the audit objectives.
• Escalates issues that may arise during an audit testing to the Manager, Director or Head of Internal Audit.

Internal Audit Team

• Actively participate as a team member providing input on workstream planning, potential identified efficiencies, with set goals in mind.
• Coach and review/provide feedback to junior associates and associates during the audits.
• Contribute to the professional development initiatives to enable continual team learning and performance.
• Executes an agreed set of objectives and goals for measuring performance.

General Experience

• 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

• 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.
• Recent and relevant experience in the financial sector with proven path of advancement.
• Excellent interpersonal and communication skills, both written and verbal.
• Excellent people management skills, and the ability to balance competing deadlines and stakeholders.
• 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.

Dated this ____________________________

X
Employee

X
Manager