Team Lead Internal Audit

About Us
ACE Group of Companies is a diversified international organization with a multifaceted portfolio. Its core business is ACE Money Transfer, a prominent global remittance service. The group's ventures also extend to real estate through ACE Properties, which is developing projects such as Canal City and Dream City in Pakistan. In the digital financial sector, the group operates ACE Union, a digital wallet application. Furthermore, the ACE Group has expanded into the media industry with Awaz, a web-based news channel and news alert system, underscoring its commitment to a broad range of business interests.

Position Summary:
Team Lead, Internal Audit

We are seeking a highly skilled and motivated Team Lead, Internal Audit, to join our team in a key role. Reporting directly to the Manager, Internal Audit, you will be responsible for executing and leading risk-based audits, evaluating the effectiveness of our internal control systems, and identifying opportunities for process improvement. The ideal candidate will have a strong foundation in a CA/ACCA background and specialized experience in the real estate and construction sectors.

Job Responsibilities:

• Develop and document comprehensive audit observations based on detailed analysis and professional judgment, ensuring accuracy and clarity for management review
• As directed by the Audit Manager, design and maintain tailored audit checklists for diverse domains and departments, optimizing audit efficiency and consistency across ACE
• Execute risk-based internal audits to evaluate the design and operational effectiveness of internal controls and procedures, identifying areas for improvement and mitigation
• Conduct thorough audit inquiries, perform procedural walkthroughs, and analyze data to gather evidence and support audit findings, adhering to established audit methodologies and standards
• Create and maintain detailed working papers and annexure files to document audit evidence and conclusions, ensuring a clear audit trail and supporting audit observations
• Proactively identify control weaknesses, process inefficiencies, and potential risks, recommending actionable risk mitigation strategies and cost-saving measures to enhance operational efficiency and safeguard assets
• Conduct on-site audits at ACE offices to assess compliance and operational effectiveness, adapting to diverse operational environments and challenges
• Collaborate with the Audit Manager and Assistant Manager to synthesize audit findings into clear and concise reports, presenting actionable recommendations and facilitating constructive discussions with management
• Review and analyse departmental Standard Operating Procedures (SOPs) to gain a comprehensive understanding of operational processes and identify potential control gaps
• Monitor and track the implementation of agreed-upon audit recommendations, conducting follow-up reviews to ensure corrective actions are effectively implemented and sustained
• Assist the Internal Audit Manager in carrying out special investigations and reviews as assigned by the Board of Directors, providing detailed reports on findings and recommendations
• Serve as an objective and independent advisor to the Manager Internal Audit, ensuring compliance with regulations, assessing the validity of operations, and supporting the achievement of organizational goals
• Contribute to the development and promotion of a strong internal control culture within the ACE Group through proactive communication
• Assist the Audit Manager in the continuous maintenance of the organizational Risk Register, identifying emerging risks and recommending appropriate mitigation strategies

Required Qualifications & Experience:
Formal Qualifications:

• CA Inter / CAF or ACCA qualified

Professional Experience:

• Candidates must have completed their Chartered Accountancy articles from a QCR-rated firm
• In addition to article ship, a minimum of 2-3 years of relevant work experience in an Internal Audit or Internal Control function
• Crucial Expertise: Demonstrated experience and knowledge of the real estate and construction industries gained during or after article ship

ACE Money Transfer Profile:

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