Purpose of the Role / Position:
The Assistant Manager IA supports the IA function by leading and executing financial, operational, and compliance audit engagements. This role contributes to strengthening internal controls, risk management, and governance processes by providing independent assurance and value‑adding recommendations across business units.
Key Responsibilities:
• Contribute to planning & conducting Audit / Special assignments as per Audit SOPs and directions from Sr. Manager IA / Head of IA & ERM.
• Conduct preliminary analysis and walkthrough tests to understand the business area, key processes, and risks.
• Develop and document a customized audit work program / RCM, capturing key risks, expected controls, control objectives, and audit procedures.
• Ensure all required documents, policies, and evidence are collected during the planning stage.
• Perform fieldwork activities according to the approved audit program and update working papers on a timely basis as per Audit Methodology.
• Identify key control gaps, root causes, risks, and improvement opportunities using a risk-based audit approach.
• Evaluate design and operating effectiveness of internal controls and document findings with proper justification.
• Escalate or report critical observations, significant risks, or potential irregularities to the Sr. Manager IA / Head of IA & ERM.
• Maintain complete, accurate, and well-organized documentation in line with standard SOPs to support internal and external quality reviews.
• Draft audit observations along with related risks, criteria, causes, and recommendations during fieldwork.
• Validate findings and recommendations with stakeholders before the closing meeting to ensure accuracy and agreement.
• Present and explain assigned audit observations during closing meetings with stakeholders.
• Support stakeholders in understanding audit observations, root causes, and agreed corrective actions.
• Prepare, maintain, and present relevant data, analysis, and supporting evidence for audit reports and working papers.
• Ensure use of standard audit templates and documentation structures as per SOPs.
• Facilitate meetings, periodic status updates, and post audit follow-ups with stakeholders.
• Perform self-review and first-level quality checks of audit working papers to ensure compliance with Audit Methodology and SOPs.
• Support internal and external quality assurance reviews, including Group Risk & Assurance-led assessments.
• Upload all audit observations and IA recommendations into the Internal Audit systems/implementation index.
• Follow up on open action items and Internal Audit recommendations with stakeholders on a timely basis.
• Continuously update knowledge of local laws, regulatory requirements, IAS/IFRS, Global Internal Audit Standards (GIAS), and leading audit practices.
• Assist the Sr. Manager IA / Head of IA & ERM with ad hoc assignments and group-level requests.
• Act as a primary point of contact for stakeholders during audit engagements to ensure smooth coordination and timely information flow.
• Manage and resolve audit-related queries and disagreements with stakeholders professionally and constructively.
• Collaborate with and provide guidance to other audit team members.
• Any other tasks or special assignments given by Head IA&ERM.
