Team Leader Internal Audit
Kharian, Punjab, Pakistan
Full Time
Internal Audit
Mid Level
About Us:
ACE Money Transfer is a UK-based multinational company headquartered in Manchester, United Kingdom. ACE Money Transfer provides online remittance services to individuals in 28 countries across UK, Europe, Canada, and Australia enabling them to send money across border in over 100 countries.
The Team Leader Internal Audit would be responsible for examining and evaluating the adequacy, effectiveness, and efficiency of the ACE's internal control systems and procedures. This role involves conducting risk-based audits, identifying control weaknesses and process inefficiencies, recommending corrective actions and cost-saving measures, and ensuring the timely implementation of audit recommendations. The Team Lead Internal Audit also contributes to developing a strong internal control culture and assists in maintaining the organizational Risk Register.
Job Responsibilities:
ACE Money Transfer is a UK-based multinational company headquartered in Manchester, United Kingdom. ACE Money Transfer provides online remittance services to individuals in 28 countries across UK, Europe, Canada, and Australia enabling them to send money across border in over 100 countries.
The Team Leader Internal Audit would be responsible for examining and evaluating the adequacy, effectiveness, and efficiency of the ACE's internal control systems and procedures. This role involves conducting risk-based audits, identifying control weaknesses and process inefficiencies, recommending corrective actions and cost-saving measures, and ensuring the timely implementation of audit recommendations. The Team Lead Internal Audit also contributes to developing a strong internal control culture and assists in maintaining the organizational Risk Register.
Job Responsibilities:
- Develop and document comprehensive audit observations based on detailed analysis and professional judgment, ensuring accuracy and clarity for management review.
- As the audit manager directs, design and maintain tailored audit checklists for diverse domains and departments, optimizing audit efficiency and consistency across the ACE.
- Execute risk-based internal audits to evaluate the design and operational effectiveness of internal controls and procedures, identifying areas for improvement and mitigation.
- Conduct thorough audit inquiries, perform procedural walkthroughs, and analyze data to gather evidence and support audit findings, adhering to established audit methodologies and standards.
- Create and maintain detailed working papers and annexure files to document audit evidence and conclusions, ensuring a clear audit trail and supporting audit observations.
- Proactively identify control weaknesses, process inefficiencies, and potential risks, recommending actionable risk mitigation strategies and cost-saving measures to enhance operational efficiency and safeguard assets.
- Conduct on-site audits at ACE offices to assess compliance and operational effectiveness, adapting to diverse operational environments and challenges.
- Collaborate with the Audit Manager and Assistant Manager to synthesize audit findings into clear and concise reports, presenting actionable recommendations and facilitating constructive discussions with management.
- Review and analyse departmental Standard Operating Procedures (SOPs) to gain a comprehensive understanding of operational processes and identify potential control gaps.
- Prepare and issue formal data request emails to relevant stakeholders, ensuring timely and accurate information gathering for audit execution.
- Monitor and track the implementation of agreed-upon audit recommendations, conducting follow-up reviews to ensure corrective actions are effectively implemented and sustained.
- Assist the Internal Audit Manager in carrying out special investigations and reviews as assigned by the Board of Directors, providing detailed reports on findings and recommendations.
- Serve as an objective and independent advisor to the Manager Internal Audit, ensuring compliance with regulations, assessing the validity of operations, and supporting the achievement of organizational goals.
- Contribute to the development and promotion of a strong internal control culture within the ACE Group through proactive communication.
- Assist the Audit Manager in the continuous maintenance of the organizational Risk Register, identifying emerging risks and recommending appropriate mitigation strategies.
Key Skills Required:
• Expertise in functioning as an international financial institution or remittance service provider.
• Expertise in internal audit, risk assessment, and control functions.
• Excellent communication and presentation skills.
Formal Qualifications:
- CA Inter / CAF , ACCA. A CIA qualification would be a plus.
Professional Experience:
This role requires candidates to have either:
- Completed their Chartered Accountancy articles from a QCR-rated firm.
- In addition to the articles from a QCR-rated firm, the candidate should have at least 2 to 3 years of relevant work experience in Internal Audit or Internal Control function within an international financial institution, remittance service company, from the financial services sector, or a professional accounting firm.
ACE Money Transfer Profile: https://acemoneytransfer.com/company-profile
Apply for this position
Required*