Audit Officer

Job Summary:

Assist the Manager, Internal Audit Services in developing and executing the VFS audit plan, and take a lead role in the day to day execution of internal audits; Contribute to the Internal Audit (IA) function by identifying risks associated with business. objectives and evaluating the controls in place to mitigate those risks in order to improve the effectiveness of risk management, control, and governance processes Provide value-added advice and support to business partners on the creation or modification of policies, procedures, processes, products or services to ensure an appropriate level of internal control and compliance is maintained.

Duties & Responsibilities:

Participate in opening meetings with departments to explain the scope and objectives of the audit

engagement to departments 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

Develop a risk based test plan by selecting appropriate audit approach, test procedures and

sampling criteria based on professional judgment and departmentally defined internal audit

methodology

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.

Job Requirement:

Post-secondary education in Business, Accounting or Finance

2 to 3 years’ experience in Audits (in the Financial Services Industry preferred)

A recognized professional designation in Accounting or Internal Auditing (CA, CMA,CIA or CISA)

Good interpersonal skills with a proven ability to communicate effectively (both written and verbal) with all levels within the organization

Unquestioned personal integrity with strong ethics and values consistent with VFS culture

Ability to stand firm on difficult issues when required

Strong analytical capability

Capable of working independently and with minimum supervision

Logical approach to identifying and evaluating issues and problem solving

Well-developed organizational skills with the ability to prioritize multiple assignments

Displays awareness of the need for confidentially in sensitive matters

Demonstrated job commitment and personal flexibility to meet changing expectations

Commitment to self-development and expansion of knowledge

Job Location: