Internal Audit Manager

About the role

Southern Steel Berhad is seeking an experienced Internal Audit Manager to join their team in Perai, Penang. In this full-time position, you will play a crucial role in overseeing the company's internal audit processes and ensuring compliance with regulatory standards.

What you'll be doing

Provide independent and objective assurance

• Determine objectives and scope of internal audit engagements based on risk assessments and established internal audit framework
• Formulate the annual-risk based audit plan and carry out the audit activities towards fulfilling the audit plan
• Perform analytical review and risk-control assessments to identify areas of audit focus for each assignment
• Review and enhance the audit approach and test strategy for assigned audit projects to ensure all key business risks and controls are evaluated
• Manage staff and internal audit operations to ensure completion of engagements
• Conduct audit exit meeting with management at the conclusion of the audit, highlighting control deficiencies and recommending corrective actions and value-added business opportunities
• Identify information technology threats and fraud risks and impact
• Facilitate the maintenance of the corporate governance framework and promote ongoing conformity with the applicable Bursa Malaysia Listing Requirements

Enhance and protect organizational value by providing advice and insight

• Assess the Group and its Operating Companies against the control framework of the Group to determine how well the business is complying with the Standard Operating Procedures as well as rules and regulations
• Review, challenge and improve the Enterprise Risks of the Operating Companies in line with the Group’s overall strategy and objectives
• Identify value-added business opportunities through enhancing the utilisation of resources, streamlining of processes, improving productivity/profitability, cost of reduction and risk mitigation
• Review business insights to focus on value-added opportunities or high-risk areas
• Evaluate quality of business process recommendations for improvements to internal control frameworks
• Identify opportunities to leverage data analytics and business intelligence tools and methods to obtain business insights for enhancing organisational value
• Serve as a Group resource, participating in audit assignments as required
• Evaluate potential impact of changes and IT developments on business

Conform with professional standards

• Manage Quality Assurance and Improvement Program (QAIP) planning, execution and reporting
• Assess the internal audit function's conformance to The Institute of Internal Auditors' (IIA) Code of Ethics
• Implement processes to ensure professional standards are adhered to
• Implement processes to ensure internal audit engagements are executed in accordance with the International Professional Practices Framework (IPPF)

What we're looking for

• Minimum 5 years of experience in internal auditing, preferably within a manufacturing or industrial setting
• Professional certification as a Certified Internal Auditor (CIA) or equivalent
• Strong understanding of audit methodologies, risk assessment, and data analysis
• Excellent communication and presentation skills, with the ability to effectively liaise with all levels of the organization
• Thorough knowledge of relevant laws, regulations, and industry standards

If you are interested in this exciting opportunity, please apply now.