Senior Officer - Internal Audit

About ZainCash:

ZainCash Iraq is a leading mobile wallet in Iraq and recognized as Forbes top Fintech company of 2023 and 2024 as well as GSMA’s Best Mobile Innovation Supporting Humanitarian Situations. The company offers a range of consumer and business services including local and international money transfer, bill payments, companion payment cards, payroll, aid disbursement, and more. For more information, please visit www.zaincash.iq.

Job Summary:

We are seeking a Senior Internal Auditor with a strong background in operational and financial auditing. The successful candidate will be responsible for evaluating the efficiency of internal controls, risk management, and governance processes. This role involves working closely with various departments to assess and evaluate the internal control environment, as well as enhancing overall organizational performance.

Key Responsibilities

1.    Planning & Execution

• Develop, plan, and execute risk-based internal audit programs and procedures.
• Coordinate with internal stakeholders to schedule and conduct audits according to the annual audit plan.

2.    Operational Audits

• Assess operational processes to identify inefficiencies, control weaknesses, and improvement opportunities.
• Provide clear recommendations to enhance operational effectiveness and ensure compliance with standard procedures.

3.    Financial Audits

• Perform financial audits to verify accuracy of accounting records, financial reports, and compliance with relevant regulations.

• Identify and investigate discrepancies, fraud indicators, and control gaps.

4.    Risk Assessment & Management

• Support the development of risk assessment processes and maintain the organization’s risk register.
• Advise management on potential financial and operational risks and propose mitigation strategies.

5.    Reporting

• Prepare clear and concise audit reports detailing findings, risks, and recommended corrective actions.
• Present audit results to senior management and provide guidance on implementing recommendations.

6.    Compliance & Regulations

• Stay updated on relevant laws, regulations, and industry best practices (including Central Bank of Iraq requirements).
• Ensure all audit activities comply with established policies, procedures, and professional standards including IIA standards and IPPF.

7.    Continuous Improvement

• Contribute to the development and refinement of internal audit practices, methodologies, and tools.

Education: Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.

Experience: 3+ years of experience in internal auditing, ideally including both operational and financial audits.

Technical Proficiency: Solid understanding of accounting principles, audit methodologies, and relevant regulations (IFRS/IAS and local Iraqi regulations).

Analytical Skills: Strong attention to detail with the ability to analyze complex data, identify issues, and propose practical solutions.

Communication: Excellent written and verbal communication skills Arabic and good written and verbal communication skills in English, capable of presenting findings and recommendations clearly.

Interpersonal Skills: Ability to work collaboratively with different teams, influence decision-makers, and maintain professional relationships.

Professionalism: High ethical standards, integrity, and confidentiality in handling sensitive information.