AC Manila - Compliance Audit Senior Associate

Key Responsibilities:

• Assist audit manager in finalizing engagement objective.  

• Participate in opening meetings with client (i.e. service lines) to explain the scope and objectives of the audit engagement to client and provide an overview of all steps in the audit process 

• Develop a thorough understanding of business processes in scope for assigned audits and document the processes in flowcharts and/or process narratives. 

• Identify and document inherent risks and controls within the business processes  

• Identify control and process weaknesses, document main control points and provide evidential support for report recommendation. 

• Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria 

• Perform audit tests and prepare working papers in accordance with professional IIA standards and other standards as deem applicable 

• Propose practical and value-added recommendations to address control weaknesses and/or process inefficiencies 

• Organize and reference work papers for review by direct manager 

• Prepare a concise and informative audit report to effectively communicate the findings and recommendations to the branch/department and to the AC Leadership. 

• Develop and maintains effective and professional working relationships with all levels of staff within the organization, including the AC Leadership and the US Internal Audit team  

• As directed by the AC Leadership and the US Internal Audit team, carry out specific projects or investigations. 

• Continue self-development to expand or maintain an understanding of the business line’s key processes and business applications. 

• Maintain a strict level of confidentiality on all matters reviewed. 

• Actively participate in team’s planning, estimating, and scheduling of activities; 

• Reports periodically to the AC Leadership and the US Internal Audit relative to its plan. Reporting also includes significant risk exposure and control issues, including fraud risks, governance issues, and other matters needed or requested.  

• Ensure that internal audit resources are appropriate, sufficient and efficiently deployed to achieve the audit plan. 

• Prepares/reviews reports to the AC Leadership providing concise and accurate information on the condition of the unit, adequacy of operations/processes and conditions of portfolios.  

• Prepare complete planning meeting materials 

• Review documentation prepared by Associate and Analyst for completeness and to ensure uniform documentation for the whole engagement 

• 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 evidential support for findings 

• Propose practical and value added recommendations to address control weaknesses and/or process inefficiencies 

• Participate in closing meetings with client at the end of fieldwork, providing clear explanations for identified issues 

• Discuss audit findings with audit clients 

• Provide guidance and mentoring to staff by providing direction and coaching; impart specialized skills and or knowledge through peer discussions and cooperation on cross-functional audits, coaching and performance management. 

• Conduct regular team meetings during assignments.