Internal Audit ManagerPhilex Mining Corporation

GENERAL FUNCTIONS OF THE JOB
The Internal Audit Department Manager is the Head of Internal Audit Team under Philex Mining Corporation (PMC), publicly listed Company. Performs advance level of professional internal auditing work as a key component of the corporate governance structure. Directs strategic and comprehensive programs including performance, financial, and compliance audit projects; provides consulting services to the Company's management and staff; provides direction to the development of annual audit plan; and provides on-going training, coaching and supervision to internal audit staff. Maintains organizational and professional ethical standards. Works independently with extensive latitude for initiative and independent judgment.
KEY RESPONSIBILITIES
Set the strategic direction of the Internal Audit Department.
Establish policies and procedures to guide the Internal Audit Department.
Establish a risk-based audit plan consistent with the Company's goals/objectives and monitor progress against this plan.
Report periodically to Senior Management and the Audit Committees of PMC regarding Internal Audit's purpose, authority, responsibility, and performance relative to its Annual Audit Plan in accordance with the Internal Audit Charter.
Ensure that reports on internal auditing engagements are provided to the AC in a timely fashion.
Inform senior management without delay of any findings that indicate major concerns with respect to the management of programs or initiatives.
Take appropriate measures for the prevention of frauds and elimination of conditions inducing fraudulent actions.
Develop and maintain a system to monitor the disposition of results communicated to management
Develop and maintain a quality assurance and improvement program that covers all aspects of the Internal Audit activity
Provide oversight of staff including talent acquisition, retention, development, and performance evaluation
Ensure adequate department resources to execute the Internal Audit activities
Provide an annual report on the effectiveness and adequacy of risk management, control and governance processes of the Company
Comply with regulatory requirements on corporate governance etc.
Perform ad hoc tasks and related works assigned by the Audit Committee of the Board of Directors for PMC and Senior Executives.
Administrative Responsibilities
Ensures confidentiality of all Company records.
Keeps abreast of Company policies and procedures, current development in accounting and auditing professions and changes in applicable laws and regulations.
Reviews an update of the Department's Internal Audit Charter, Internal Audit Manual and its policies and procedures.
Reviews the annual budget of the department and recommends for approval to higher management.
Monitors the implementation of any productivity improvement program that the department may adopt.
Recommends training needs of audit staff.
Conducts/Approves performance evaluation of audit staff.
Enforces discipline among audit staff and adheres to the Company's safety rules.
Approves daily time records and vacation leaves of audit staff, job requests which the department needs, accountability slips, and official business trips, requisitions of materials and supplies and equipment.
Recommends hiring of project/casual employees when needed.
Education and Experiences
Education: Bachelor's Degree in Accountancy or Business Administration, or Engineering
Experience: At least 10 years of managerial position handling either internal auditing, accounting/budgeting
License/Certification: Certified Internal Auditor; Certified Public Accountant and preferably with a Master in Business Administration (MBA).