Head, Internal Audit & Control ( Transafam Power)

Transnational Corporation Plc

The Head, Internal Audit will provide an independent evaluation of the activities of the Company, coordinating all audit and compliance activities and ensuring strict adherence to the Company’s internal policies and procedures as well as regulatory and statutory requirements in order to promote transparency and accountability, add significant value, enhance risk management, governance and compliance, improve operational efficiency, and strengthen the internal control systems within the operations.

Responsibilitie(s):

  • • Implement Internal Audit strategies, policies and procedures to enhance transparency in the operations of the respective Power businesses
    • Prepare annual Internal Audit plans and programmes indicating scope, approach, and resources requirements for each financial year for management approval
    • Implement the annual audit plan, as approved, including any special tasks or projects requested by Management and the Audit Committee that are consistent with the Department’s objectives and independence
    • Implement Internal Audit strategies, policies and procedures to enhance transparency in the operations of the respective Power businesses
    • Prepare annual Internal Audit plans and programmes indicating scope, approach, and resources requirements for each financial year for management approval
    • Implement the annual audit plan, as approved, including any special tasks or projects requested by Management and the Audit Committee that are consistent with the Department’s objectives and independence
    • Support the coordination of the planned and ad-hoc audit of operational activities within the power business to ensure compliance with each Company’s business control criteria
    • Develop internal audit and control strategies, policies and procedures to enhance transparency in Company operations
    • Prepare annual internal audit plans and programmes indicating scope, approach, and resources requirements for each financial year for management approval
    • Develop audit work plan based upon corporate and operational goals
    • Coordinate the conduct of regular audit of operational activities to ensure compliance with Transafam’s business control criteria
    • Implement the approved annual internal audit plans including any special tasks or projects requested by management and/or the Audit Committee that are consistent with the Department’s objectives and independence.
    • Establish and implement standards and procedures to ensure compliance programs are effective and efficient in identifying, preventing, detecting and correcting noncompliance with applicable rules and regulations.
    • Coordinate the execution of special audits or investigations on any significant breach of the Company’s Code of Business Conduct and suspected fraud cases as requested by Management/Audit Committee.
    • Present the results of the audit investigation and incorporate Management’s comments and the implementation timetable of the audit recommendations into the final report.
    • Monitor and report on actions taken by the Management to correct audit findings to ensure full and satisfactory implementation; and when the outcome is not satisfactory follow-up measures are proffered
    • Liaise with other internal and external control and monitoring functions (Legal, Human Resources, External Auditors and Regulators etc.) to ensure optimal audit coverage and minimize duplication of effort and costs
    • Provide technical inputs and guidance to the Audit Committee during annual evaluation of the effectiveness of the external auditor
    • Develop strategic plans in collaboration with the Risk team to implement the Risk Management policy to mitigate risks and obtain a full understanding of both the positive and negative potential of risks involved.
    • Create a risk awareness culture within the Transafam power businesses and communicate the Risk Management policy, strategy, objectives and methodology to all stakeholders
    • Develop policies and programs that encourage managers and employees to report suspected fraud and other improprieties without fear of retaliation.
    • Monitor to ensure that all functions comply with established risk management guidelines and control by specifying the escalation procedures to be followed in the management of any risk across the business
    • Report critical internal control problems to Line Management.
    • Developing, coordinating, and participating in a multifaceted educational and training program that focuses on the elements of compliance, and seeks to ensure that all appropriate employees and management are knowledgeable of, and comply with, pertinent policies/procedures and federal and state standards.
    • Coordinating internal compliance review and monitoring activities, including periodic reviews of departments.
    • Co-ordinate monthly call-over of transaction and prepayment audits.
    • Ensure compilation of comprehensive up-to-date traceable fixed assets register
    • Liaise with other internal and external control and monitoring functions (HSSE, Legal, External Auditors and Regulators in order to ensure optimal audit coverage and minimise duplication of effort and costs

Qualification/Experience Requirement(s):

  • • Minimum of first degree in Accounting, Finance, Business Administration, Economics, Engineering or a related numerate discipline is required
    • MBA or Master’s degree in related discipline is an added advantage
    • Relevant professional certifications e.g. Institute of Chartered Accountants of Nigeria (ICAN), Association of Chartered Certified Accountants (ACCA)
    • Certification in Information Systems Audit (CISA) is also required
    • Minimum of 8 – 10 years cognate experience in an internal control/ audit function of a similar organisation.

Summary

Job ID

610

Job Title

Head, Internal Audit & Control ( Transafam Power)

Company

Transnational Corporation Plc

Location

Afam - Rivers State

Department/Function

NA

Job Level

Manager (Staff Supervisor/Head of Department)

Job Type

Full Time

Minimum Qualification

B.SC

Preferred Years of Experience

10

Application Deadline

-380 day(s)