Internal Risk Auditor

Internal Risk Auditor

Company

The company is a leading supplier of specialized auto-electrical components and safety systems for heavy-duty, industrial, mining, and construction vehicles. The company offers a broad range of products, including lighting systems, warning and safety solutions, electrical components, and wiring harnesses.

Purpose

The Internal Risk Auditor will look at ways of changing outdated processes, identify new opportunities, and ensure the validity and legality of financial records. You will also act in an advisory role to recommend possible risk aversion measures and cost savings that could be made. Ultimately, the Internal Auditor is responsible for the implementation of ISO 9001, ensuring compliance and maintaining regulatory requirements.

Responsibilities

1. Ensure that processes needed for the Quality Management System (QMS) are established, implemented, and maintained.
2. Report to top management on the performance of the QMS and any need for improvement.
3. Ensure the promotion of awareness of customer requirements throughout the organization.
4. Ensure that a document control procedure is adopted to approve, review, and update all changes to critical documents within the scope of the QMS.
5. Ensure that records are established and maintained to provide evidence that the QMS is being followed and that there is a system in place for the identification, storage, protection, retrieval, retention time, and disposition of such records.
6. Ensure that all new staff are inducted into the requirements of the QMS related to their own roles and responsibilities. Provide update training as necessary.
7. Conduct Stock Control Audits.
8. Conduct full Audit on quarterly stock take.
9. Ensure that all suppliers used by the organization are selected, evaluated, and re-evaluated, and that records of this assessment are maintained.
10. Ensure that top management undertakes periodic but regular assessments of customer satisfaction and that consequent improvements are identified and implemented.
11. Assist in the preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the branch/department and senior management.
12. Ensure that an internal audit programme is adopted to verify that the QMS conforms to planned arrangements, QMS arrangements, and is effectively implemented and maintained. Ensure that appropriate action is taken when this is not the case.
13. Co-ordinate continual improvements of the QMS, ensuring that evidence of corrective and preventive actions taken are recorded and reviewed.
14. Travel to different branches to meet relevant staff and obtain documents and information.
15. Collate, check, and analyze data.
16. Examine company accounts and financial control systems.
17. Gauge levels of financial risk within the organization.
18. Check that financial reports and records are accurate and reliable.
19. Ensure that assets are safeguarded.
20. Identify if and where processes are not working as they should and advise on changes to be made by preparing reports and commentaries.
21. Ensure procedures, policies, legislation, and regulations are correctly followed and complied with.
22. Research and assess how well risk management processes are working and record the results.
23. Provide ad hoc advice and guidance to managers and staff at all levels, sometimes by delivering courses and training sessions.
24. Perform risk assessments on key business activities and use this information to guide what to cover in audits.
25. Anticipate emerging issues through research and interviews and decide how best to deal with them.
26. Provide support and guidance to management on how to handle issues.
27. Agree on recommendations with relevant staff members to make improvements to operations and help secure backing for them in meetings.
28. Assess how well the business is complying with rules and regulations and inform management whether any issues need addressing.

Accountabilities:

1. Ensure that the performance of the QMS is reviewed at planned intervals to ensure its continuing suitability, adequacy, and effectiveness. This review means assessing opportunities for improvement and the need for changes.
2. Liaise with the external assessment body on all matters related to the external accreditation process.
3. Analyze data on the effectiveness of the QMS and evaluate where continual improvements of the QMS can be made. This shall include data generated as a result of monitoring and measurement and from other relevant sources.
4. Ensure that Quality Objectives are set by top management for measuring the performance of the QMS and that these are regularly reviewed.

Requirements:

1. Minimum of three 5-7 years’ experience in corporate internal or Risk management.
2. Solid understanding of risk and control concepts.
3. Ability to apply these concepts to evaluate the adequacy and effectiveness of business processes and controls to mitigate risk to tolerance levels defined by management.
4. Experience in financial administration and expenses (Petty Cash, Cash Sales).
5. Experience with writing departmental procedures/process flow.
6. Relevant Qualifications.

Knowledge:

1. Bookkeeping/Accounting knowledge.
2. Comprehensive knowledge of Internal Audit Standards and procedures.
3. Good working knowledge of ISO/QMS.

Job Types: Full-time, Permanent

Education:

• Bachelors (Required)

Experience:

• Corporate internal or Risk management: 5 years (Required)