Job Location: The Campus, Pun Hlaing Estate, Hlaing Thar Yar Township, Yangon.
Working Hours: 8:30 AM to 5:30 PM, (Monday to Friday)
Position Purpose
Head of Internal Audit will have responsibility for all internal audit functions, oversight of financial governance, business integrity and ethics. Internal Audit (IA) works with its internal business customers to help develop and improve governance, processes, systems, controls and understanding of risks. Responsible for planning, executing and reporting audits, as well providing advice on control and risk issues.
The Internal Audit function operates as Wave Money’s independent appraiser, responsible for examining and evaluating business activities and related risk for the purpose of ensuring regulatory compliance, safeguarding company assets and improving its systems of financial and operational controls. In addition, this position will oversee the Company’s Business Integrity Line program and lead financial and accounting fraud investigations.
This position reports to the Audit Committee of the Board of Directors and will provide it with formal assessments of the adequacy of the Company’s internal control environment.
Key Responsibilities and Accountabilities
- Execute work taking into consideration internal audit best practices and following Group guiding, and also catering to relevant regulations e.g. from the Central Bank.
- Ensure the approved charter of Internal Audit is followed. Assist the Audit & Risk Committee in executing on its charter as well.
- Develop and present the annual audit plan for approval by the audit and risk committee.
- Plan and execute audit mission in line with the annual audit plan includes reviewing and observing operations and activities, interviewing and discussing with the auditee regarding its work process in order to ensure checks and balances and to identify areas of risk and concern in internal controls and procedures
- Prepare timely audit mission reports and summarizing key findings and recommendations, and discuss with auditee in order to obtain action plans with timeframes that address any findings
- Do follow-up audits to ensure that action plans and the required measures have been implemented within timeframes
- Assess and test internal controls, present findings and reports for executives and relevant committees for internal control improvement
- Advise management on governance, processes, systems, controls and risks mitigation.
- Investigate fraud, as needed, normally in cooperation with the Risk and Compliance function.
- Do some travel in Myanmar to execute audits in the whole of the organization and with partners such as banks, subsidiaries, MFS point of sales etc.
Job Requirements
- Bachelor or master’s degree in accounting, finance or related field
- Certified Public Accountant (CPA), Chartered Accountant (CA), Certified or Internal Auditor (CIA) or Certified Financial Auditor (CFA) professional certification (or equivalent) is beneficial.
- 10+ years progressively responsible experience in internal and/or external audit environment
- At least 5 year of experience in banking or Financial Service industry
- IT audit knowledge would be highly regarded
- Experience of control/audit of reconciliation of volume transactions
- Knowledge of the requirements for effective report writing
- Ability to comprehend and interpret policies, procedures, laws, regulations, and guidelines
- Proficiency in English (both oral & written) for effective verbal and written communications, including active listening skills and skill in presenting findings and recommendations.
- Analytical skills and creative problem-solving abilities
- Effective team player and able to work independently.
Benefits
- Attractive remuneration
- Life and medical insurance
- Flexible Working Arrangement
Highlights
- Myanmar’s First Mobile Financial Services Provider
- People Centric Culture
- Professional & Fun Working Environment
- Power & Synergy of YSH Compan
Career Growth Opportunities
- Access regular to skill and professional development opportunities
- Career opportunities across Yoma Group
