Assistant Audit Manager

Overall role of Internal Audit in Nouryon:

• Providing Assurance to the Management (including local entities/Business Units/Group Functions/Group Management and Audit Committee) that internal controls are adequately designed and operating effectively as designed;
• Advising management on control effectiveness, change initiatives, enhancements to risk management, effectiveness and efficiency of business processes.
• Anticipating risks and assisting the business in understanding risks, and in crafting preventative responses.

Internal Audit is part of ‘’Internal Audit, Risk Management and Internal Control’’ function employs about 15 FTEs in a number of locations across the globe (Europe, USA, China).

The Assistant Internal Audit Manager will be responsible for assisting in planning and leading internal audits, performing internal audit procedures, and preparing internal audit reports reflecting the results of the work performed. Work performed will include auditing functional and operating units and focusing on business and financial processes. This role will also assist on the SOX Compliance implementation across Nouryon.

The position will be reporting to the Senior Audit Manager, who is reporting to the Head of Internal Audit, Risk Management and Internal Control Group. The Head of Internal Audit is reporting to the CFO and the Audit Committee.

The candidate will be responsible for:

1. Managing assigned internal audit projects to complete all planned projects as scheduled within the allotted time frame and budget.

2. For assigned audit projects, lead internal audit project preparation and planning activities to target key risk areas and ensure the effective use of internal audit resources.
3. Lead internal audit fieldwork for business process reviews and assessments including operational processes, financial reporting, internal controls and SOX walkthroughs and testing. 
4. Provide timely, clear, relevant and actionable feedback, tailored to the specific business environment, regarding audit findings or opportunities for improvement.
5. Draft audit reports or other deliverables in a timely manner with minimal revisions required.
6. Assist in following-up on outstanding audit findings or SOX deficiencies.
7. Supervision of audit seniors and staff, guest auditors and external, co-sourced resources to ensure work is completed timely, accurately and adheres to department policies and procedures.
8. Maintain and contribute to the continuous improvement of the internal audit methodology, processes and department policies and procedures.
9. Other responsibilities as requested.

What decisions may the job holder make without first seeking approval from higher manager/supervisor?

The candidate is expected to coordinate, plan and execute different audits, to prepare audit reports and clearly communicate the audit results to different stakeholders. Also, actively look for areas of improvements in the department, as well as to contribute to maintain and strengthen the IAF business partner role.  

The candidate is expected to participate on the SOX Compliance implementation together with the rest of the team, including Internal Control.

Please give two examples of the typical challenges or problems the job holder faces in their daily work and what they must do to overcome them.

Typical challenges of the job might include:

• Being able to communicate difficult audit findings in constructive way
• Work on multiple projects and being able to perform duties and necessary tasks