We are seeking an Internal Audit Specialist to support the execution of risk-based internal audits within an oil trading firm. This role focuses on assessing internal controls, governance, and risk management frameworks, ensuring compliance with financial and operational policies. The ideal candidate will assist in audit planning, execution, and reporting while working closely with senior auditors and business stakeholders.
Key Responsibilities
- Assist in risk assessments and development of audit plans.
- Support the execution of internal audit procedures, including reviewing financial records, trading activities, and operational processes.
- Identify and analyze potential risks, ensuring compliance with internal policies and industry regulations.
- Develop audit programs, including risk and control matrices (RCMs).
- Prepare and maintain detailed working papers and documentation in the Audit Management System.
- Perform audit testing and participate in physical verification exercises (e.g., cash, inventory counts).
- Assist in preparing audit reports, summarizing findings, control weaknesses, and recommendations.
- Follow up on audit recommendations to ensure timely implementation of corrective actions.
- Support the Audit Committee meetings, including agenda preparation and reporting.
- Stay updated on industry risk developments and contribute to continuous improvement initiatives.