This position is to be hired for Mahfazti.

About Mahfazati:

Mahfazti is a leading mobile payments service provider established back in 2014 with extensive background in mobile payments technologies, and a clear vision toward leading the Jordanian ewallet services under the control and supervision of the Central Bank of Jordan
Mahfazti is standing for a robust consortium of diversified partnerships of banking institutes, mobile network operator, and Payment Service Provider resulting to an integrated collaborative ecosystem furnished to serve our clients with the best and most convenient services. Mahfazti is the brand of our e-wallet service that can be easily activated on mobile devices, offering our clients a wide spectrum of convenient secure ways to execute local and international monetary transactions in few seconds, anytime, and anywhere.

Job Purpose:

Responsible for carrying out internal audit activities to fulfill the assignment/projects scope and objectives throughout stage of the audits, including, the planning, risk assessment, fieldwork and reporting. The result of this work is to provide reasonable assurance about the effectiveness and efficiency of internal controls, reliability of reporting and compliance with rules & regulations, and agreed upon procedure in accordance with the internal audit policy and procedure.

Responsibilities:

Develop audit scope/plan and assignment audit programs in accordance to the General Manager directions and Central Bank requirements.

• Survey functions and activities in assigned areas to determine the nature of operations and key control .
• Assess the adequacy of the system of control to achieve established objectives.
• Develop risk assessment at process level .
• Prepare audit program .
• Determine audit procedures to be performed to test internal controls effectiveness and efficiency and other details of assignment activities.

Execute engagements procedures using proper sampling techniques, and the use of information technology.

• Execute adequate procedures to test controls as per Audit program.
• Execute audit assignments, in accordance with accepted professional standards and Internal Audit Manual.
• Obtain, analyze, and appraise evidentiary data as a basis for an informed, objective opinion on the adequacy and effectiveness of controls and the efficiency of performance of the activities being reviewed.

Organize and maintain all related records and documents (working paper files) needed to support audit observations and recommendations.

• Document and prepare work file as per approved department methodology.
• Complete job on schedule or notify manager of any delays as soon as they are known.
• Ensure audit work and findings are adequately documented.

Prepare draft and final audit report. Discuss observations with management and auditee and recommend corrective action to improve operations and reduce risks.

• Prepare formal written reports expressing opinions on the adequacy and effectiveness of the system and the efficiency with which activities are carried out. Discuss it with audit mangers and auditee and seek auditee feedback.

Follow-up with concerned parties to ensure the efficient implementation of the corrective actions with regard to reported internal audit recommendations.

• Follow up on observations’ due date help in following up to ensure the implementation of the agreed action with management.
• Appraise the adequacy of the corrective action taken to improve deficient conditions.

Coordinate activities with other assurance parties to carry out joint audits and provide support.

• Arrange and coordinate with the third parties to work as a team to finalize joint audit assignments as per the audit plan.