Head of Internal Audit
2 weeks ago
Talent Acquisition and Recruitment Manager
Role Purpose:
The Head of Internal Audit leads the internal audit function across Innovo Group, ensuring strong risk management, governance, and compliance. This role is responsible for developing strategic audit plans, assessing internal controls, and providing independent assurance on the effectiveness of operations, financial reporting, and compliance to the Board and senior management. The position also plays a key role in fraud detection, process optimization, and leveraging technology for audit automation.
Key Accountabilities:
Strategic Leadership & Governance- Develop and execute the internal audit strategy aligned with business objectives and regulatory requirements.
- Provide independent assurance to the Board and Audit Committee on risk management, governance, and control frameworks.
- Establish audit methodologies and best practices in alignment with global standards (e.g., IIA, COSO, ISO 31000).
- Maintain an effective audit charter and ensure compliance with local and international regulations, including SOX, IFRS, and GAAP.
- Conduct comprehensive risk assessments to identify financial, operational, and strategic risks.
- Evaluate and enhance the effectiveness of internal control frameworks, policies, and procedures.
- Develop key risk indicators (KRIs) and audit analytics for proactive risk identification.
- Advise management on emerging risks, including cybersecurity, data protection, and regulatory compliance.
- Lead the development and implementation of a risk-based internal audit plan.
- Oversee financial, operational, IT, and compliance audits across all business units.
- Utilize data analytics and technology-driven audit techniques to enhance efficiency.
- Implement continuous monitoring programs and automated audit tools.
- Ensure adherence to all relevant legal, financial, and industry regulations, including anti-corruption, anti-money laundering (AML), and corporate governance policies.
- Conduct compliance audits and advise management on best practices.
- Establish policies to promote a culture of integrity, transparency, and ethical business practices.
- Lead fraud investigations, forensic accounting reviews, and whistleblower case analyses.
- Develop and maintain fraud prevention policies and frameworks.
- Drive the adoption of audit automation tools, robotic process automation (RPA), and AI-based analytics.
- Assess IT systems, cybersecurity risks, and digital transformation initiatives from an audit perspective.
- Collaborate with IT teams to audit ERP systems, cloud platforms, and data security protocols.
- Present audit findings, risk insights, and recommendations to senior management, the Audit Committee, and the Board.
- Develop executive-level audit reports with clear risk assessments and remediation plans.
- Engage with external auditors, regulatory bodies, and industry peers to benchmark best practices.
- Build and mentor a high-performing internal audit team with expertise in financial, operational, and IT audits.
- Establish career development and training programs for internal auditors.
- Foster a culture of continuous learning and professional excellence.
Qualifications, Experience, Knowledge & Skills:
Qualifications- Bachelor's degree in Accounting, Finance, or Business Administration; Master's degree preferred.
- Professional certification (CIA, CPA, or ACCA) required.
- MBA, MSc in Finance, International Business, or a related field.
- 12–15 years of internal audit, risk management, or construction finance experience, with at least 5 years in a senior leadership role.
- Strong knowledge of internal audit frameworks, construction risk management, and corporate governance.
- Proven track record in audit transformation, digital audit methodologies, and construction project governance.
Director
Employment typeFull-time
Job functionAccounting/Auditing
IndustriesConstruction
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