Assistant Vice President, Group Internal Audit

Job Summary

The AVP, Group Internal Audit role reports to the VP, Group Internal Audit, and the Head of Group Internal Audit. You will manage a team of audit professionals to plan and conduct audits of your assigned business units under the FPL Group. This covers end-to-end audits, tracking resolution of audit issues, validating control effectiveness post-remediation, and continuous monitoring of the risk landscape. The scope of work includes financial, operational and risk management reviews of the business units’ operations in various geographical locations. 

Job Description

Methodology & Operations Management 

• Manage independent risk assessment to formulate the annual audit plans and, fine-tune the plans in collaboration with management teams at group and business unit levels before approval and implementation. 
• Manage implementation of robust audit methodology guide and standards to drive consistent and high-quality execution of the audit plans and ensure fulfilment of the audit mandate across Group Internal Audit. 
• Manage preparation and ensuring of quality and timely submission of presentation materials, reports and plans to senior management and audit committees. 
• Plan, execute and manage audit projects in line with the strategic objectives established in the approved annual audit plans. Establish / fine-tune review procedures and test steps for each audit project to determine the adequacy and effectiveness of the entity’s internal controls, risk management processes and governance practices. 
• Integrate agile auditing concept with data-driven model and tools to provide stronger assurance to senior management and audit committees. This includes driving the development of innovative audit programs, leveraging data analytics and automation. 
• Work with the audit team in performing root cause analysis and making appropriate recommendations to address control weaknesses and lapses identified during the audits. Proactively follow up on risk events, incidents, and external audit and regulatory issues observed during the audit or through regular contact with management teams . 
• Build collaborative working relationships with management teams to facilitate educating and influencing them to integrate control framework into their business processes. 
• Track audit findings raised by Group Internal Audit and the external auditors such that they are addressed satisfactorily by management teams in a timely manner. 
• Support planning, development and execution of Group Internal Audit’s strategic plans and activities, including management of Group Internal Audit’s budgets and expenses.
• Support the development of appropriate measurements and dashboards to guide the fulfilment of the audit plans and goals of Group Internal Audit.
• Drive high audit performance through development, implementation and tracking of appropriate KPIs and measurements for Group Internal Audit staff members.
• Support the making of informed multifaceted decisions which are significant for Group Internal Audit based on data, and detailed risk and control analysis. Actively empowers team members to make decisions and implement.
• Provide oversight to ensure alignment of reporting and connectivity across various audit portfolio teams within Group Internal Audit.
• Manage communication strategies to promote Group Internal Audit’s mandate, ensuring clear and concise delivery of complex and sensitive issues to stakeholders, in particular senior management, and audit committees

Inspiring Experiences 

• Support team members’ and own development through continuous professional education; keep abreast of industry best practices and maintain professional certification(s). 
• Support development of continuous auditing initiatives within Group Internal Audit, and knowledge sharing across staff members, including improvement of the effectiveness and efficiency of Group Internal Audit’s core activities.
• Collaborate closely with various audit portfolio teams, including participation in strategy, planning and team building sessions on a regular basis. 

Key Qualification

• Degree in accounting, finance, or other business-related fields from a reputable educational institute, with professional certification such as CPA, CIA, CFE, CISA, etc. 
• Minimum 8 years of audit experience preferably in an MNC or professional consultancy environment, with at least 2 years in a managerial capacity. Experience in a multinational real estate environment with multiple asset classes will be an added advantage. 
• Good knowledge of risk-based audit methodologies and concepts (such as COSO and COBIT), including industry best practices and relevant regulatory compliance requirements. 
• Proficient in the use of data analytics tools such as ACL and PowerBI. 
• Strong communication (verbal and written) and interpersonal skills. Able to work with all levels of management, to inspire, influence and negotiate. 
• Strong project management and organisation skills. Able to navigate through ambiguity, and manage and coordinate multiple audit projects simultaneously in a fast-paced, deadline-driven environment, accepting ownership of and accountability for the process, and deliver on commitments.