Head of Internal Audit

Main Tasks:

• Organization of the Internal Audit Department
• Identification of risks to which the Group/Company is exposed or may be exposed.
• Development of an audit program and multi-annual plan for internal auditing
• Continuous monitoring, verification, and proposal of measures to enhance the operating systems within the Company.
• Evaluate the adequacy and effectiveness of internal control systems and recommend improvements.
• Control of the adequacy and implementation of prescribed risk control policies and procedures
• Ensure compliance with relevant laws, regulations, and industry standards through comprehensive audit procedures.
• Prepare and present audit findings, recommendations, and reports to the Group CEO, Audit Committee, senior management, and other relevant stakeholders.
• Provide clear and concise communication regarding audit results, risk exposures, and control deficiencies.
• Cooperation with the regulators and external auditors if required.
• Preservation and archiving of documentation.
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Responsibilities:

• Perform and control the complete audit cycle including risk management and control management over operations’ effectiveness, financial reliability, and compliance with all applicable directives and regulations.
• Determine internal audit scope and develop annual plans.
• Obtain, analyze and evaluate accounting documentation, previous reports, data, flowcharts, etc.
• Prepare and present reports that reflect audit results and document the process.
• Act as an objective source of independent advice to ensure validity, legality, and goal achievement.
• Identify loopholes and recommend risk aversion measures and cost savings.
• Maintain open communication with management and the audit committee
• Document process and prepare audit findings draft and final report.
• Conduct follow-up audits to monitor management’s interventions.
• Engage in continuous knowledge development regarding the sector’s rules, regulations, best practices, tools, techniques, and performance standards.

Requirements:

• Bachelor's or master's degree in accounting, finance, business administration, or a related field.
• Professional certification such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), or equivalent.
• Extensive experience in internal audit with sound independent judgement.
• Strong knowledge of auditing standards, risk assessment, internal controls, and compliance.
• Excellent analytical, problem-solving, and decision-making skills.
• Effective communication and interpersonal abilities, with the capacity to interact confidently with stakeholders at all levels.
• Leadership experience with the ability to inspire and lead a team effectively.
• Proficiency in using audit software and Microsoft Office applications.
• High ethical standards and a commitment to maintaining confidentiality and objectivity.
• Experience in a managerial or leadership role within an internal audit function is preferred.