Head (Audit)

Ministry of Culture, Community and Youth (MCCY); Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

The Ministry of Culture, Community and Youth (MCCY) is seeking a Head of Internal Audit to lead and enhance audit methodologies and ensure that internal controls are effective. The role involves overseeing audits, conducting investigations, engaging with stakeholders, and managing audit resources. Candidates must have significant experience in audit and finance, strong analytical abilities, and effective communication skills.

Qualifications

• At least 10 years of relevant audit and/or Finance experience.
• At least 8 years in an internal audit role with at least 5 years of leading an internal audit team/department.
• Relevant internal audit experience in public agencies and familiarity with IIA standards.

Responsibilities

• Lead in the development and enhancement of risk-based internal audit methodologies.
• Oversee IT audit planning and audits.
• Supervise and conduct internal audit reviews.
• Lead investigations of irregularities.
• Perform value-for-money audits.
• Establish and maintain a IIA compliant Quality Assurance programme.
• Work with senior management to promote effective risk management.
• Manage and develop internal audit resources.

Skills

Analytical skills

Interpersonal and communication skills

Stakeholder engagement

Job description

What The Role Is

You will head the Internal Audit team attached to a Statutory Board of the Ministry of Culture, Community and Youth.

What You Will Be Working On

Reporting to the Director, you will lead in the development and enhancement of risk based internal audit methodologies that would be applied to formulate and execute audit work plans and internal audit reviews;

• Oversee IT audit planning and audits;
• Supervise and conduct internal audit reviews to provide assurance that good internal controls are in place, established procedures and controls are adhered to, and financial records are reliable;
• Lead Investigations of irregularities;
• Perform value-for-money audits on key expenditure items to assess whether public funds have been appropriately spent and to achieve the policy intent;
• Establish and maintain a IIA compliant Quality Assurance programme;
• Work with senior management and process owners in promoting effective risk management and corporate governance policies as well as reporting to the Audit Committee;
• Manage and develop internal audit resources and talents;
• Educate and raise awareness in line departments on risks and best practices for the public sector; and
• Provide risk advisory to process owners and key projects.
  
  
  

Competencies

What we are looking for

Communications and Collaboration

• Lead the engagement of stakeholders for matters relating to risk, controls and compliance
• Build partnerships with and influence senior management, internal and external stakeholders, including providing advice on the development of strategies and policies to support long term strategy
  
  
  

IA Management & Delivery

• Supervise engagement planning to ensure engagement quality
• Review and evaluate if audit observations and recommendations are in line with engagement objectives, and identify any systemic issues to resolve
• Assess impact of residual risk and communicate management’s acceptance of risk to management, Audit Committee and Board
  
  
  

IA Strategy

• Strategise direction for IA division matters relating to corporate strategy
• Adapt central IA strategies and policies such as IA governance, or capability frameworks for use within organisation
• Manage organisation’s internal auditors (e.g., recruitment, development, talent retention, succession planning)
  
  
  

Other Competencies

• At least 10 years of relevant audit and/or Finance experience (of which at least 8 yrs in an internal audit role of which at least 5 yrs leading an IA team/department).
• Relevant internal audit experience in public agencies and familiarity with IIA standards
• Experience in conducting and leading at least 6 and 3 investigations respectively.
• Experience in auditing grant recipients and charities would be an advantage.
• Ability to multi-task and work independently in a fast-paced environment.
• Have good analytical skill, effective interpersonal and communication skills
• Strong engagement and collaboration skills with the ability to engage diverse groups of stakeholders and be able to deal effectively with senior management and the Audit Committee.
  
  
  

Shortlisted applicants will be notified within 4 weeks of the closing date of this job posting.