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POSITION DETAILS :

Department: Internal Audit
Location: Baku, Sumgait (based on audit plan)
JOB SUMMARY:

This position is responsible for proper execution and provision of supporting documentation to facilitate audit engagements, internal review activities, including process reviews, segregation of duties reviews, procedures reviews; for performing the whole audit cycle including the assessment of risks and control processes over the company operations’ effectiveness, reliability and compliance with all applicable directives and regulations.

Involved in performing internal audit engagement work schedule, establishment of adequate criteria, work program and independent follow-up audits independently and under TL supervision. Responsible for closure/direct controlling of Audit Action Tracking Register and Quality Management System Registers with the purpose of maintaining them up-to-date and reflecting current situation.

JOB DUTIES:

• Provide value-added advice and support to business partners on the creation or modification of policies, procedures, processes, products or services to ensure an appropriate level of internal control and compliance is maintained;
• Review the Company’s reports to check the trustworthiness and the compliance with the budget with the following share-up of the outcomes;
• Develop a thorough understanding of business processes in scope based on COSO framework for assigned audits and document the processes in flowcharts and/or process narratives. Identify and document inherent risks and controls within the business processes (to coach relevant staff accordingly);
• Develop a risk-based test plan by selecting appropriate audit approach, identify test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology; Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies;
• Evaluate the adequacy of process design and the effectiveness of controls in meeting business and control objectives. Identify and document control and process weaknesses and provide support for findings;
• Participate in close-out meetings with client at the end of fieldwork, providing clear explanations for identified issues;
• Preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the senior management;
• Involvement in reviewing the organization’s risk profile and complete annual audit programs, audit reports upon audit results, client responses, review of working papers and according to the instruction of the Team Leaders;
• Provide professional day-to-day execution of internal audit engagements and projects in line with global auditing standards such as IIA (Institute Internal of Auditors).;
• Ensure timely and effective closure of audit outcomes and support continual improvement within organization;
• Evaluation of the effectiveness of the internal controls and business processes designed to help management achieve operational, reporting, compliance, and strategic objectives;
• Preparation of all required arrangements (meetings, checklists, presentations, drafting reports, CAP files, results template etc.) in respect to conducting planned and/or unplanned urgent audits;
• Effectively communicate audit findings via meetings and email distributions with all required levels of the organization;
• Prepare work progress schedules in collaboration with the employees of other departments to submit to the Team Leaders;
• Monitor organizational processes to ensure procedural compliance to ‘get it right first time’;
• Provision of Internal Audit Statistical Reports, reports to the Team Leaders;
• Develop value added working relationships with process owners throughout all levels of the organization and challenge existing methods of work and suggest suitable alternatives, aimed at process improvement;
• Keep the Team Leaders updated if any discrepancies are revealed in the Company’s activities and undertake appropriate remedy actions as instructed