Manager / Assistant Manager, Risk Assurance Audit

Job Summary

Company
HeiTech Padu Berhad
Industry
Banking/ Financial Services
Location
Selangor
Job Category:
Finance & Accounts
Years of Experience
3 - 5 years
Function
Finance & Accounts
Education
Bachelors/ Degree
Posted On
18th Jan 2019
Nationality

Job Purpose
Risk Assurance Audit
  • To assist in the development and implementation of Enterprise Risk Management (ERM) related policies, guidelines and procedures. 
  • To support and ERM function in ensuring and effective risk governance structure is maintained and operated. 
  • To manage and perform the activities of appraisal and analyze the effectiveness of internal control measures as prescribed in the risk register. 
  • To verify and validate the controls prescribed are in place and operating. 
  • To assess the reliability and appropriateness of risk assessment and management of those risk, including reporting of risk and control status. 
  • To review and report updates on the management of risk treatment (risk mitigation action). 
Statement on Risk Management & Internal Control (SORMIC)
  • To facilitate the SORMIC verification exercise for External Auditors’ verification and Board of Directors reporting. 
Job Content & Major Challenges 
Risk Assurance Audit
To conduct appraisal, verification and validation on the following areas:
  • The management of ERM process 
  • The controls (preventive/detective/corrective) as prescribed are in place and operating. 
  • The effectiveness of the controls measures and other responses to them; 
  • Reliable and appropriate assessment of risks and the management of those risks classified as ‘key’, including reporting of risk and control status; and 
  • Management of risk treatments (risk mitigation action) and how well they are working. 
  • To prepare the Risk Assurance Audit Reports and recommend Audit Rating to be given to the OC/SBG/Corporate Division audited. 
  • To assist in the development and compilation of ERM Reports. 
SORMIC
To ensure the SORMIC been approved by the Audit Committee and Board Directors, and incorporated in annual report:
  • Coordinating with various functions within HeiTech on the key internal control structure implemented and its status. 
  • Review and ensure evidence on "statement" prepared by each key function. 
  • Assist and make arrangement for external auditor to verify and obtain evidence on the "statement" made in the SORMIC. 
Decision Making Authority
  • All decisions referring to appraisal, analysis of control and mitigation actions. 
  • Opinion on non-reliability and inappropriate control measures undertaken by management. 
  • Decision to determine audit rating. 
Principal Accountabilities 
Accountability Supporting Actions 
Ensure internal controls measures are in place. 
  • It is achieved by: 
  • Assess whether the controls are properly designed, implemented and working effectively, and make recommendations on how to improve internal control 
To accomplish the numbers of assignments as per approved plan.
  • It is achieved by: 
  • Regular review over resource/time in validation and verification exercise. 
  • Assess the competency and knowledge of subordinate 
  • To have regular review and discussion among peer. 
To manage the fieldwork exercise in ensuring sufficiency of audit evaluation/analysis and complete on time as per plan.
  • It is achieved by: 
  • Review the audit working papers/file 
  • To have regular audit progress meeting to discuss status of audit and any matters arising which may affect the audit process and timeline. 
  • Provide coaching and consulting to subordinate 
Review draft audit report (including follow up audit report).
  • It is achieved by: 
  • To review draft audit report prepared by the team members. 
  • To ensure all audit findings are factual and supported with sufficient evidence. 
  • To guide and coach audit team members on audit reporting skills. 
To draft annual plan and prepare unit budget.
  • It is achieved by: 
  • To prepare annual plan by adopting systematic approach 
  • To prepare unit annual budget and monitoring of the budget vs actual utilization. 

Maintain audit files and working papers for audit assignment undertaken
  • It is achieved by: 
  • To comply with Internal Audit Procedure on audit working file and document indexing. 
Draft the "Statement of Risk Management and Internal Control" (SORMIC) to be incorporated in annual report.
  • It is achieved by: 
  • Coordinating with various functions within HeiTech on the key internal control structure implemented and its current status. 
  • Review and obtain evidence on "statement" prepared by each key function. 
  • Assist and make arrangement for external auditor to verify and obtain evidence on the "statement" made in the SORMIC. 
Educational Level:
  • Bachelors Degree in any discipline 
Professional Experience:
  • More than 3 years of relevant working experience. 
  • Exposures in management consultancy / risk advisory / auditing. 
  • Possess strong analytical thinking, details-oriented, conscientious, with the ability to work under tight deadlines. 
  • Strong report writing, presentation and verbal communication skills. 
  • Excellent communication skills, in both written and spoken English and Bahasa Melayu 


 

 

 
About Us

Global IT Systems and Technology Services provider that specializes in developing ICT systems and infrastructure for government agencies and commercial sectors. Driven by our passionate people, we persevere to overcome our customer’s challenges in bringing greater agility and value to their end-users.

HeiTech draws its strengths from over two decades of experience, working with customers from both the public and private sector by transforming their processes from manual processing to automated system and finally to effective information systems.