Divisional Manager Internal Audit & Compliance

JOB PURPOSE -

The role holder is responsible for looking after Internal audit assignment and process/policy related matters globally. This role involves developing and implementing audit plans, conducting risk assessments and managing process improvements across all educational entities globally.

KEY RESPONSIBILITIES -

Audit Planning and Execution:

• Determine internal audit scope and develop comprehensive global internal audit plans and programs.
• Overall supervision and co-ordination with internal auditors and local operations/finance teams to ensure smooth conduct and timely completion of the audits.
• Execute financial, operational, and compliance audits across all educational institutions.
• Ensure the effectiveness of internal controls and compliance with policies and regulations.
• Prepare detailed audit summary memorandum with findings, risks, and recommendations for improvement.
• Present audit findings to senior management and the audit committee.
• Conduct Internal audit as and when required.

Global Risk Management:

• Conduct global risk assessments to identify potential areas of risks and frauds within educational institutions.
• Develop and implement risk mitigation strategies

Policy and Process Management:

• Design, review, and update global policies and procedures to ensure compliance with regulatory requirements and best practices.
• Work closely with regional managers to implement and monitor compliance with these policies.

Implementation and Follow-Up:

• Monitor the implementation of audit recommendations and corrective actions globally.
• Follow up on any identified issues to ensure timely resolution.

Training and Development:

• Provide training and support to staff on internal audit processes, policies, and procedures.
• Develop training materials and conduct workshops to enhance understanding and compliance.

Continuous Improvement:

• Identify opportunities for process improvements and recommend changes to enhance efficiency and effectiveness.
• Stay updated with global education standards, regulatory changes, and best practices.

Collaboration:

• Collaborate with various departments and regional offices to ensure effective internal control systems.
• Build strong relationships with leadership to facilitate audit processes and policy implementation.

JOB REQUIREMENTS

Minimum Qualifications

CA/CMA. Professional certifications such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or equivalent preferred.

Experience

• 5-10 years of internal auditing experience, preferably in the education sector or a global organization.
• Experience in managing global policies and processes.
• Experience in auditing and reporting procedures
• Analytical mind and problem solving aptitude
• Excellent documentation, presentation and communication skills
• Attention to detail with ability to multi-task
• Team management experience, must have worked in an organisation with Big4 auditors.