The Group Internal Auditor for a holding company evaluates and ensures the effectiveness of internal controls across all subsidiaries. They identify risks, assess compliance with policies, and provide recommendations to improve operational efficiency and governance. Their work supports the board in making informed decisions and safeguarding the company's assets.
Conduct risk-based internal audits across subsidiaries
Execute comprehensive risk-based internal audits across multiple subsidiaries to identify vulnerabilities and ensure compliance with company policies and regulatory standards. Develop detailed audit reports highlighting control weaknesses, risks, and actionable recommendations for management to enhance operational efficiency. Collaborate with cross-functional teams to implement corrective measures and monitor ongoing risk mitigation efforts.
Evaluate internal controls and compliance
Evaluate internal controls by conducting detailed risk assessments and compliance audits to identify weaknesses and areas for improvement. Implement and monitor corrective actions ensuring adherence to regulatory standards such as SOX, GDPR, or HIPAA. Develop comprehensive reports highlighting audit findings and recommend strategies to strengthen internal control frameworks for enhanced organizational governance.
Assess effectiveness of corporate governance
Evaluate the effectiveness of corporate governance by analyzing board structures, decision-making processes, and compliance with regulatory frameworks. Identify gaps and recommend improvements to enhance transparency, accountability, and stakeholder trust. Utilize governance benchmarks and performance metrics to ensure alignment with industry best practices and corporate objectives.
Review financial and operational processes
Conduct thorough reviews of financial and operational processes to identify inefficiencies, ensure compliance with regulations, and enhance overall performance. Analyze data to recommend improvements that drive cost savings and streamline workflows. Collaborate with cross-functional teams to implement best practices and monitor ongoing process effectiveness.
Identify and report fraud risks
Identify and report fraud risks by thoroughly analyzing transactions, monitoring suspicious activities, and maintaining accurate documentation. Collaborate closely with compliance and audit teams to ensure timely detection and mitigation of potential fraudulent incidents. Implement proactive strategies and recommend control improvements to strengthen organizational defenses against fraud.
Monitor adherence to group policies and procedures
Ensure strict compliance with group policies and procedures by regularly monitoring team activities and conducting audits to identify deviations. Report findings to management and recommend corrective actions to maintain operational integrity and reduce risks. Foster a culture of accountability and continuous improvement to uphold organizational standards.
Recommend process improvements
Identify and analyze existing workflows to uncover inefficiencies and bottlenecks. Propose actionable process improvements that enhance productivity, reduce costs, and improve quality. Collaborate with cross-functional teams to implement recommended changes and monitor their impact for continuous optimization.
Verify compliance with relevant laws and regulations
Ensure strict adherence to regulatory compliance by meticulously reviewing company policies and procedures against local, state, and federal laws. Conduct regular audits and prepare detailed reports to identify and address potential legal risks. Collaborate with cross-functional teams to implement corrective actions and promote a culture of compliance throughout the organization.
Facilitate coordination with external auditors
Coordinate communication and documentation exchange with external auditors to ensure timely completion of audits. Develop and maintain a comprehensive audit schedule, proactively addressing any potential issues to minimize disruptions. Facilitate coordination with external auditors by organizing meetings, preparing necessary reports, and acting as the primary point of contact throughout the audit process.
Prepare and present audit findings to the board and audit committee
Prepare and present audit findings clearly and concisely to the board and audit committee, highlighting key risks, compliance issues, and recommendations for improvement. Ensure all reports are accurate, well-supported by evidence, and tailored to the audience's level of expertise to facilitate informed decision-making. Emphasize actionable insights that promote transparency and enhance the organization's financial integrity.