Senior Internal Auditor

Roles and responsibilities

1. Leadership and Management

• Team Leadership: Proven experience in leading and managing a team of auditors, including providing direction, coaching, and motivation to ensure high performance and productivity.
• Strategic Planning: Ability to develop and implement the internal audit strategy aligned with organizational objectives, ensuring the team’s work adds value to the company.
• Resource Management: Efficiently managing team resources, including budgeting for internal audit activities, ensuring that adequate staffing, tools, and technologies are available.

2. Risk Management Expertise

• Risk Assessment: Strong ability to conduct risk assessments, identifying key risks and assessing their impact on the organization, and creating strategies to mitigate those risks.
• Internal Controls: Expertise in evaluating internal controls across different departments and functions to ensure they are effective in managing risks and achieving organizational goals.
• Enterprise Risk Management (ERM): Familiarity with ERM frameworks to align the audit function with the organization's overall risk management approach.

3. Auditing Skills and Techniques

• Audit Methodology: Deep understanding of audit methodologies, including risk-based auditing, control testing, and compliance auditing.
• Financial Audits: Proficient in conducting financial audits, assessing financial statements, transaction records, and accounting practices for accuracy, completeness, and compliance.
• Operational Audits: Evaluating the efficiency and effectiveness of operational processes to identify opportunities for cost savings, process improvements, and operational risks.
• Compliance Audits: Ensuring that the organization complies with laws, regulations, industry standards, and internal policies and procedures.
• IT Auditing: Knowledge of IT auditing practices, including assessing cybersecurity risks, data integrity, and controls over financial reporting systems.

4. Regulatory Knowledge and Compliance

• Legal and Regulatory Frameworks: Strong understanding of financial regulations (e.g., SOX, GDPR, and industry-specific regulations) and ability to ensure compliance with applicable laws.
• Governance: Familiarity with corporate governance principles, ensuring that internal audit activities support organizational governance frameworks.
• External Audits: Managing relationships with external auditors, providing necessary documentation, and coordinating audits as required by regulatory authorities or stakeholders.

5. Communication and Stakeholder Management

• Reporting: Exceptional ability to present audit findings and recommendations to senior management and the board, ensuring that the reports are clear, concise, and actionable.
• Stakeholder Engagement: Building strong relationships with senior leadership, department heads, and other stakeholders to understand business risks and audit priorities.
• Influencing and Advising: Acting as a trusted advisor to management on risk, control, and governance issues, influencing decision-making and promoting sound internal controls.
• Executive Presentations: Proficient in delivering presentations to executive leadership, audit committees, and the board, providing insights into risk management, audit findings, and mitigation strategies.

Desired candidate profile

Experience : 12-15 years of experience in Audit with minimum 6 years in the Middle East region and 8 years in senior roles ideally within Financial Services.

Industry : Financial Institution, international organization, or established governmental authority, whether local or federal

Education

▪ Master/Bachelor’s Degree in a relevant field such as Accounting, Business Administration.

▪ Professional certifications and memberships related to Internal Audit.

Languages : Arabic and English

Job Purpose :The role holder is responsible for leading company's Internal Audit Department and overseeing the development and execution of the risk-based plan and strategy.

Core Responsibilities

▪ Lead and direct the effective and efficient management of the Internal Audit function to ensure Company is compliant with regulatory requirements

▪ Develop and deploy an agile and flexible internal audit risk-based plan, which can quickly re-orient to provide ongoing assurance to company's risk-critical areas.

▪ Develop an annual audit plan to deliver to the function’s mandates.