Requirements
Telecom Foundation is looking for Senior Manager Internal Audit to add value and improve operations by bringing a systematic and disciplined approach to the effectiveness of risk management, control, and governance processes. The successful candidate will possess a thorough knowledge of accounting procedures and a sound judgement.
Responsibilities
Lead, plan and execute the internal audit function in alignment with the Foundation’s policies, procedures, and regulatory requirements, ensuring a strong and effective control environment.
Develop, review and implement an Internal Audit Charter, policies and procedures in accordance with local and international best practices, including the Standards for the Professional Practice of Internal Auditing.
Design and oversee the annual internal audit plan based on comprehensive risk assessments, organizational priorities and emerging risks.
Manage and conduct the complete audit cycle including risk management, operational effectiveness, financial integrity and compliance with applicable laws, regulations and directives.
Evaluate internal processes through detailed analysis of documentation, systems, reports and flowcharts to assess adequacy, efficiency, and effectiveness of controls.
Identify control gaps, weaknesses and improvement opportunities; recommend risk mitigation, process enhancements and cost-saving measures.
Provide objective, independent and evidence-based insights to ensure the legality, validity, and achievement of organizational goals.
Prepare and present clear audit reports, working papers and audit findings memoranda for management review and Audit Committee deliberations.
Coordinate with external auditors by providing required internal audit reports and supporting documentation and facilitate discussions on major findings for presentation to the Audit Committee and the Board.
Monitor the implementation of audit recommendations through follow-up audits to ensure timely corrective actions and continuous performance improvement across departments/units.
Promote a culture of accountability, transparency and strong internal controls across the Foundation through advisory support and engagement with management.
Keep abreast of developments in auditing practices, regulatory frameworks, sector-specific requirements and emerging risks to ensure continuous improvement of the internal audit function.
Ensure proper documentation, maintenance of audit records and adherence to quality assurance standards within the audit function.
Perform any other professional duties relevant to strengthening governance, risk management, and control frameworks as assigned by the Audit Committee.
In addition to above, the Chairman BoGs Audit committee and the President & CEO can amend, delete or add any responsibility which they think fit for the post.
Eligibility Criteria
Minimum 10 years working experience with Master Degree and at least 12 years with bachelor’s degree.
Experience / close liaison with Government, Audit entities etc.
Advanced computer skills on MS Office, accounting software and databases
Ability to work under pressure and meet deadlines.
Proven knowledge of auditing standards, procedures, laws, rules and regulations.
High attention to detail and excellent analytical skills.
Sound independent judgement.
Qualification
The candidate should comply with at least one of the below conditions for the minimum qualification requirement:
i. Three years of relevant experience in audit or finance or compliance function and is a member of the Institute of Chartered Accountants of Pakistan or Institute of Cost and Management Accountants of Pakistan; or
ii. Five years of relevant experience in audit or finance or compliance function and:
a. is a Certified Internal Auditor; or
b. is a Certified Fraud Examiner; or
c. is a Certified Internal Control Auditor; or
d. has a bachelor’s degree in business (with majors in a finance related discipline), finance, accounting from a university or equivalent recognized and approved by the Higher Education Commission of Pakistan and is a member of a professional body relevant to such qualification.
iii. Has at least five years of managerial experience in fields of audit or accounting or in managing financial or corporate affairs functions of a company and has a suitable degree from a university in Pakistan or abroad equivalent to graduate degree, recognized and approved by the Higher Education Commission of Pakistan.
Explanation: - the expression, “body of professional accountants” means body of professional accountants,
(i) Established in Pakistan, governed under a special enactment of the Federal government as a self-regulatory organization managed by a representative national council, and has a prescribed minimum criterion of examination and entitlement of membership of such body: or
(ii) Established outside Pakistan under a special enactment in the country of its origin and is a member of the International Federation of Accountants (IFAC): Provided that existing head of internal audit of a listed company having at least 10 years of experience on the same position in a listed company shall be exempted from qualifications criteria given above.