Senior Manager, Internal Audit and Internal Control Compliance – Limassol 126 views

POSITION SUMMARY:

Performs advanced level professional internal auditing and internal control compliance work as a key component of the corporate governance structure with particular emphasis on compliance audits. Work involves directing a comprehensive audit program including performance, financial and compliance audit projects; providing consulting services to the organization’s management and staff without affecting independence; providing direction to development of the Annual Audit Plan; and providing ongoing training, coaching and supervision of Internal Audit and Internal Control Compliance staff. Maintains organizational and professional ethical standards. Works independently with extensive latitude for initiative and independent judgement

PRIMARY RESPONSIBILITIES:

Key Roles & Responsibilities

• Assesses the adequacy and effectiveness of financial, operational and compliance controls of the Group’s business and operations in Cyprus, through the performance of risk-based audits and a well-coordinated integrated audit plan.  In particular, review for compliance with legal and regulatory requirements including Anti-Money Laundering (AML), Data Privacy Act (GDPR), Foreign Corrupt Practice Act (FCPA), etc.
• Carries out compliance audit in areas of AML, GDPR and FCPA and coordinate with compliance and legal teams as appropriate on the remediation actions and review the implementation of relevant controls

• Carries out the Group’s internal audit and internal control review (SOX) programs to the system of internal control related to financial reporting, operational and compliance control objectives is designed and operating effectively.  Perform periodic monitoring of internal audit and internal control compliance, review test results and related remediation activities

• Monitors business activities, functions and practices to ensure compliance with local regulations and policies in Cyprus (including any internal control requirements on gaming operation)

• Recommends improvements to strengthen the overall control environment, based on findings from audits and risk assessments including internal accounting controls designed to safeguard the Casino’s assets and resources, promote Casino growth, and ensure compliance with the EU and local laws and regulations. Assists in establishing and developing appropriate and effective internal compliance policies and procedures on any new regulatory requirements and business activities or products

• Performs special reviews and investigations on internal audit and internal control compliance issues as required

• Plans and executes audits of client/server technology platforms and evaluates IT internal controls and works collaboratively with management to identify actions needed

• Supervises junior staff when acting as Lead auditor on a job, including assigning and reviewing their work and providing mentoring and training as needed

• Discusses and agrees to find and recommended remedial actions with Auditee management Proffer economical resolutions to issues identified.  Identify any key compliance risks and weaknesses and recommend enhanced procedures to improve operational efficiency and control Drafts reports and recommendations on areas reviewed

• Coordinates controls assessment and SSAE reporting requirements as required

• Assists in coordinating the external audit review of ITGC and application controls (centralized)

• Assists in coordinating the external audit review of internal controls over financial reporting as part of the SOX compliance program for entities and operation in Cyprus

• Provides advice to members of management, officers and employees on internal audit and internal control compliance issues

• Provides or assists and implement appropriate training program in conjunction with the Training Manager, coaching, and guidance to internal audit and internal control compliance staff in conducting audits and other audit-related compliance issues; and to support risk based approach, dual purpose program, key controls and remediation efforts on an on-going basis

• Maximizes productivity and morale by setting goals, evaluation procedures, providing clear guidelines and by developing team spirit

KEY PERFORMANCE INDICATORS:

• Involvement in setting up of the workflow and determining the audit scope for operation in Cyprus

• Complete assigned work to the required professional standard within the time allocated and supervise team member and progress

• Minimal staff turnover

• Staff achieving accreditations

QUALIFICATIONS:

Requirements & Qualifications

Experience

• Minimum of 7 years’ internal or external audit experience, of which 5 years’ experience preferably gained from a Big 4 firm, compliance practice and/or related services.
• Experience in gaming or hotels resort will be a distinct advantage
• Knowledge of IFRS, US GAAP and SOX regulations
• Knowledge and exposure on AML and EU AML Directives, GDPR, previous compliance audit experience will be a distinct advantage

Education

• Degree holder in Finance, Accounting, Business or related disciplines
• ACA/ACCA/CIA/CISA member
• ACAMS or other recognized compliance body member
• Other professional qualifications (ACFE) will be taken to consideration

SKILLS/ PERSONAL COMPETENCIES:

• Knowledge of planning and performing duties on risk-assessed basis and good understanding of IT application and general controls is essential due to IT audit reliance under current circumstances

• Knowledge of COSO model of internal control assessment and AML compliance audit strategies would be an advantage

• Excellent command of both written and spoken English

• Result-oriented, self-motivated, detail-minded, able to work and manage projects independently and work as part of a team

• Proficiency in Microsoft Word and Excel. Ability to utilize operating system data to perform data analytics based on KRIs set for an effective and efficient audit

• Excellent communication skills, both written and verbal, including the ability to summarise information and technical issues in presentations or memos for senior management

• Approachable, team player, and discrete

• A creative, analytical and practical approach to resolving issues, and able to work under pressure and multi-task

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