Job Details
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Job Description
- Internal Audit:
- Plan, execute, and manage internal audits to assess the effectiveness of internal controls, risk management, and governance processes.
- Preparing reports to highlight issues and problems and distributing the reports to the relevant people.
- Writes clear concise Internal Audit Memoranda and Internal Audit reports in both Arabic/English language.
- Attending meetings with auditee to develop an understanding of business processes.
- Agreeing recommendations with relevant staff members to make improvements to operations.
- Provides an independent opinion regarding the adequacy and effectiveness of management’s controls for safeguarding company assets and for providing reliable information.
- Conduct comprehensive reviews of financial, operational, and compliance processes to ensure adherence to policies and regulations.
- Identify areas of improvement in internal controls and make recommendations for enhancements.
- Performing risk assessments on key business activities and using this information to guide what to cover in audits.
- Risk Management:
- Develop and implement a robust risk management framework, including the identification, assessment, and mitigation of key risks.
- Collaborate with department heads to assess risk factors associated with strategic initiatives, projects, and business operations.
- Monitor and report on the organization's risk profile to senior management and the board of directors.
- Compliance:
- Ensure compliance with relevant laws, regulations, and industry standards.
- Stay abreast of changes in regulatory requirements and assess their impact on the organization.
- Develop and implement compliance monitoring programs.
- Audit Planning and Strategy:
- Develop of the group's annual internal audit plan based on a risk-based assessment of the organization.
- Formulate and implement audit strategies to ensure coverage of key risks and controls.
- Align internal audit activities with the organization's strategic objectives.
- Stakeholder Communication:
- Communicate audit findings, recommendations, and risk assessments to senior management, the board, and other stakeholders.
- Collaborate with various departments to ensure a clear understanding of audit and risk management objectives.
- Process Improvement:
- Work with process owners to identify opportunities for operational improvements and efficiencies.
- Implement best practices in internal audit methodologies and risk management processes.
- Training and Awareness:
- Conduct training sessions for staff to enhance awareness of internal controls, risk management practices, and compliance requirements.
- Promote a strong risk and control culture throughout the organization.
Job Requirements
- Bachelor's degree in Accounting, Finance, Business, or a related field (Master's degree/MBA and relevant certifications such as CIA, Dip. IFRs, or CRMA are often preferred).
- 10-15 years of experience in internal audit and risk management.
- Age 35-45 max
- Experience in ERP system
- Excellent analytical and problem-solving skills.
- Effective communication and interpersonal skills.
- Experience in leading and managing audit teams.
- High attention to details
