Internal Auditor

Internal Auditor
JOB SUMMARY
The Internal Auditor is responsible for providing an independent, objective assurance designed to add value and improve the organization's operation in the financial, operational and information systems areas. This responsibility includes assisting the organization to achieve its objectives by bringing a systematic disciplined approach to evaluate and improve the effectiveness of risk management, controls and governance procedures.
JOB SPECIFICATIONS
Department: Operations
QUALIFICATIONS
1. Bachelor of Science in Management Accounting or other related areas
2. Certified Internal Auditor (CIA) with five years' experience working in a Financial Institution
SPECIALISED KNOWLEDGE:
* Knowledge of the Credit Union's rules, regulations, policies and procedure
* Knowledge of Co-operative Societies Act and other government Agencies
* Knowledge of accounting principles, practices and standards.
* Knowledge of BOJ Regulations
* Knowledge of project management principles, practices and techniques
* Knowledge of the business processes in use within the Credit Union
* Understanding of the Credit Union's information systems operation and procedures
* Knowledge of Risk Management
SPECIALISED TRAINING:
* Audit Report writing
* Business process re-engineering
* Project Management
* Investigative techniques
* Information Systems auditing
* Risk Management
* Audit Command Language (ACL)
SPECIALISED SKILLS
* Excellent analytical skills
* Advanced user of Microsoft Office, Excel, Access, Internet, Intranet and E-mail
* Excellent interpersonal and human relations skill
* Detail oriented
* Excellent communication skills, both orally and in writing
* Excellent research and investigative skills
* Ability to manage multiple tasks efficiently to completion
* Excellent reasoning abilities and good judgement
* Good organizational and time management skills
* Ability to work independently and on own initiative
* Ability to communicate technical information to a non-technical audience
* Ability to remain calm under difficult circumstances/situations
* Conflict management
EXPERIENCE
At least two (2) years' experience in an internal auditing position
ANALYTICAL SKILLS:
* Analyze and interpret financial and other data
* Analyze procedures, systems and operations
* Investigate any irregularities
* Data mining and information systems environment simulation
* Benchmark against industry world standards
* Risk identification
WORKING CONDITIONS:
* May be required to work beyond normal working hours, weekends and public holidays
* Travel to Jamaica Cooperative Credit Union League and BOJ as required
REPORTING RELATIONSHIPS:
REPORTS TO:
Board of Directors
NATURE OF SUPERVISION RECEIVED:
Managerial Direction
LIAISES INTERNALLY WITH:
* Senior Management and other levels of staff within the Credit Union
* Committees within the Credit Union
LIAISES EXTERNALLY WITH:
External Auditors
* Jamaica Cooperative Credit Union League
* Inland Revenue and other government institutions
* Professional Bodies (ACUA, IIA, ISACA, ICAJ, ACCA)
* Fraud Squad
* Director of Public Prosecutions (DPP)
* External Contractors
* Financial Institutions
DUTIES AND RESPONSIBILITIES:
* Plan and coordinate activities necessary to complete the audit process which includes:
* Develop audit programmes for twelve-month periods in conjunction with the various areas.
* Research, review and interpret Financial Regulations of the Government of Jamaica Policies, Acts/Statutes, Law, Procedures, Memorandum of Understanding and Best Practices to advise management on ways to improve the Credit Union's operations within the ambit of the law
* Audit Member Services and Back Office End of Day Teller Journal
* Audit daily System Reports and check to ensure accounts are opened properly
* Conduct operational, financial and management audits, which include compliance and value for money audits
* Plan and conduct audits/special reviews on: Business Process Controls; Information Security Controls
* Review and monitor measures designed to safeguard Credit Union assets
* Develop practical and economical recommendations and assign risk rating to correct deficiencies identified
* Formulate appropriate implications to emphasize the deficiencies/vulnerabilities of risks identified
* Provide guidance on various aspects of the Credit Union's operations and make recommendations to improve efficiency and effectiveness
* Conduct post audit reviews to ensure that recommendations were implemented, and that compliance to new procedures was followed
* Prepare monthly audit reports
* Develop a Risk-Based Audit Plan
* Document procedures of the Credit Union using graphical, narrative notes or flowcharts to record the workflow.
* Attend and observe all tender opening procedures conducted by the Credit Union.
* Perform any other duties that may be assigned from time to time, which will not compromise the independence of the Audit Officer.
AUTHORITY:
* To request, seize and access any Credit Union data/information and documents required to conduct audits.
* Retrieve any asset that belongs to the Credit Union
* To request and conduct interviews from all members of staff.
* To obtain third party confirmation from banks, suppliers and other stakeholders of the Credit Union
* To give information to DPP, Fraud Squad, External Auditors, when necessary
PERFORMANCE CRITERIA:
* The objectives of each audit are satisfactorily achieved
* Professionalism, ethics, integrity and confidentiality of information obtained on the job are always maintained
* Achievements of high ratings of satisfaction from both internal and external customers
* Assignments are accurate and completed in a timely manner
* Accuracy and relevance of recommendations are in accordance with Best Practices
* Audits are properly planned and conducted efficiently
* Work processes are properly assessed and accurately documented
* Objectivity and independence are demonstrated
* Imperial relationships are developed
* The audit processes are carried out according to the standards of the Internal Audit Profession
* Engagement records are documented
Only Shortlisted candidates will be contacted

To see the full job description please click apply.