Job Summary:

Our client is seeking a skilled and experienced Audit and Risk Manager to join our team. The Audit and Risk Manager will be responsible for coordinating/overseeing the internal audit function and managing the organization's risk management processes. The ideal candidate will have a strong background in auditing, risk management and compliance, with the ability to provide strategic guidance and recommendations to senior management.

• Reviewing and evaluating the Company’s risk management processes and procedures and identifying areas of improvement.
  
• Collaborate and coordinate with department heads to establish the enterprise risk management framework, policies, procedures, and controls.
  
• Take part in providing recommendations and advise on desirable changes in policies, procedures and systems to manage and mitigate identified risks to the Company.
  
• Initiate and implement effective internal controls systems.
  
• Develop and implement annual audit plans based on a thorough risk assessment of the organization.
  
• Conduct follow-up on all the different audit assignments given to external auditor.
  
• Work with the management to resolve issues that may have been identified through audit finding.
  
• Build and advise the team in the company to ensure that development and processes adopted are legal, and work to achieve a wide range of organizational goals
  
• Research and identify internal and external risk factors including economic, markets, operational, regulatory, etc facing the company’s business and develop strategies to prevent potentially harmful activities or practices
  
• Routinely evaluate the effectiveness of risk policies and procedures and collaborate with internal stakeholders to monitor changes in the business environment.
  
• Monitoring compliance with the Company’s internal policies and procedures.
  
• Reviewing and evaluating the company’s compliance with legal and regulatory requirements.
  
• Preparation of the audit, risk and compliance reports of the Management and the Board Audit and Risk Committee to summarize the Company’s compliance status for the respective reporting period.
  
• Assisting in preparing the required periodic compliance related reports to the regulator (TIRA) and other relevant authorities including but not limited to the Finance Intelligence Unit (FIU).
  
• Stay abreast of industry best practices, regulatory requirements, and emerging risks to ensure the Company remains compliant and well prepared.
  
• Conducting or organizing training for staff regarding risk management and compliance matters.
  
• Performing any other relevant duties as delegated by any upline Manager.
  

Requirements

• Bachelor's degree in accounting, finance, business administration, or a related field. A master's degree or professional certification (e.g., CPA, CIA, CISA) is preferred.
  
• Knowledge/training on compliance requirements by insurance companies to regulations by the regulatory bodies TIRA, TRA an added advantage.
  
• Proven experience in internal auditing, risk management, or a related field, with at least 5 years of experience in a managerial role preferably in an insurance or audit firm.
  
• Strong knowledge of auditing standards, risk assessment techniques, and regulatory requirements.
  
• Excellent analytical skills and attention to detail.
  
• Strong communication and interpersonal skills, with the ability to effectively interact with stakeholders at all levels of the organization.
  
• Proven leadership and team management abilities.
  
• Ability to work independently, prioritize tasks, and meet deadlines.