Job Purpose:
The Internal Auditor will be responsible for providing independent and objective assurance on the effectiveness of the organization's internal controls, financial integrity, risk management, and governance processes. The role includes assessing the financial and operational activities related to investments in blue-chip US-listed equities and ensuring compliance with relevant regulations.
Employment Type: Permanent Full-Time Reports to: Board of Directors
Key Responsibilities:
Audit Planning and Execution:
Develop and implement a comprehensive audit plan to assess the financial controls and processes within the KiwiSaver scheme, focusing on investments in blue-chip US equities.
Conduct risk assessments to identify areas for audit and prioritize audit efforts accordingly.
Perform financial, compliance, and operational audits, including assessing the effectiveness of internal controls over investment activities.
Evaluation and Analysis:
Analyze the organization's investment management activities, ensuring that transactions in US-listed equities comply with internal policies and regulatory requirements.
Evaluate the financial reporting process, including valuations, pricing, and performance monitoring of investments.
Investigate any anomalies or discrepancies in investment records, and assess the adequacy of risk management practices.
Reporting and Recommendations:
Prepare clear and concise audit reports, detailing findings, conclusions, and recommendations for improvements.
Provide advice on enhancing financial controls and governance processes related to the KiwiSaver scheme and its investments.
Monitor the implementation of audit recommendations and report progress to senior management.
Compliance Monitoring:
Ensure adherence to New Zealand financial regulations, KiwiSaver scheme rules, and relevant investment management standards.
Stay informed on international standards and regulations affecting US-listed equity investments.
Participate in compliance reviews and support external audits as needed.
Continuous Improvement:
Identify opportunities to enhance internal audit processes and maintain up-to-date audit methodologies.
Keep abreast of industry developments in financial auditing and risk management.
Qualifications and Experience:
Bachelor's degree in Accounting, Finance, or a related field.
3 years of auditing experience, preferably within financial services, investment management, or KiwiSaver schemes.
Knowledge of financial regulations affecting KiwiSaver schemes and investments in US equities.
Familiarity with auditing standards and risk management frameworks.
Skills:
Strong analytical and problem-solving skills.
Excellent written and verbal communication abilities
Proficiency in auditing software and financial analysis tools.
Ability to work independently and in a team-oriented environment.
High attention to detail and integrity in handling confidential information.
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