The GROUP MANAGER, INTERNAL AUDIT, effectively directs, leads and manages the internal audit activity of the country where the Food Group operates. It helps the organization accomplish its objectives by bringing a systematic disciplined approach to evaluate and improve the effectiveness and efficiency of risk management, controls and governance processes.
Key Duties and Responsibilities
Audit/Risk Management/Compliance/Governance
A. Engagement Planning:
- At the Group level, assist the Group Internal Audit Head in developing risk-based annual audit plan identifying the objectives, scope, timing and resource allocations needed.
- At the Country level, identify sources of potential engagements through risk framework.
- At the Engagement level, assess audit engagement objectives and scope to ensure they address the risks identified especially the emerging ones.
B. Function Management:
- Delegate tasks in a constructive and supportive manner and coach staff to enhance competence and professional development. Conduct effective performance appraisal of IA team against key performance indicators.
- Determine the appropriate continuing professional development necessary to keep staff effective in work.
- Conduct effective performance appraisal of IA team against key performance indicators.
C. Risk Management and Fraud
- Assess whether the risk management, risk governance framework and internal control systems are operational as intended.
- Review the completeness of management’s risk analysis and actions taken to remedy issues raised by risk management processes, and suggest improvements.
- Evaluate risk exposures relating to the organization’s governance, operations and information systems.
D. Internal Control
- Assess the internal control framework including the adequacy and effectiveness of controls.
- Evaluate the implications of organizational changes, operational changes and changes in business strategy using appropriate internal control framework.
- Advise board and senior management on improvement initiatives to improve controls.
E. Governance and Environment
- Evaluate design and operational effectiveness of governance framework for addressing governance risks.
- Examine existing organizational behavior, performance management techniques, management’s effectiveness to lead and build organizational commitment.
- Examine the organization’s approach to social responsibility and sustainability.
Business Process Improvement and Innovation
- Evaluate the long-term sustainability of business models impacted by technology and other disruptors, assess impact of changes in the business landscape and give recommendations to take advantage of new opportunities.
- Apply data analytics and Information Technology in auditing, identifying and assess various risks related to IT, information security, and data privacy.
- Synthesize critical findings and insights within the business context to make inferences and recommend actions to address the risks.
Business Partnering
Collaborates with various stakeholders across the business to add value, enhance decision-making processes, and contribute to overall organizational success such as:
- Advisory and consultation on improving business process, controls, and risk management strategies to assist in decision making and enhancing operational efficiency.
- Collaborate in assessing fraud or cyber security risks, conducting investigation, and recommending controls to mitigate fraud or cyber security risks and safeguards the organization’s assets.
- Partner with leaders in developing KPIs and performance monitoring frameworks.
Continuing Education & People Development
- Keep abreast of regulatory changes, industry standards, and emerging information technology risks relevant to the industry by attending trainings, forums and/or conferences and assessing their impact on the company's internal controls and audit approach.
- Regularly assess current practices, methodologies and team skills against available benchmarks (e.g. audit associations i.e. ISACA, IIA-P, International Association of Privacy Professionals) and implement programs to address issues, if any.
- Lead and manage the assigned internal audit team, including assigning audit engagements, providing guidance and mentoring to enhance performance, and conducting performance evaluations. Design and implement programs to improve compliance in general, including the conduct of regular training and orientation for employees.
Administrative:
- Take part in special investigations where necessary and report to the Audit Committee with the highest level of confidentiality.
- Participate in the internal control projects covering all operations where necessary for One Food Group.
- Adheres to and keeps abreast of company/department policies and Code of Conduct/Ethics; and actively participates in company activities.
