Group Internal Auditor

2 months ago


Dubai, United Arab Emirates versatile phoenix Full time

The Group Internal Auditor is responsible for leading the internal audit function of the conglomerate, ensuring that all operations and business transactions adhere to relevant legal and internal guidelines. This role involves providing independent, objective assurance and consulting activities designed to add value and improve the organization’s operations. The Group Internal Auditor will help the organization accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes.

**Key Responsibilities**

**1. Audit Planning and Execution**
- Develop and implement a comprehensive internal audit plan covering all aspects of the organization's operations.
- Conduct risk assessments to identify areas of potential internal control weaknesses and prioritize audit activities accordingly.
- Lead audit engagements, including planning, fieldwork, reporting, and follow-up.
- Ensure audits are completed in a timely and efficient manner, with findings and recommendations communicated clearly to management and the audit committee.

**2. Risk Management and Control**
- Evaluate the effectiveness of the organization's risk management processes and internal control systems.
- Provide recommendations to enhance control mechanisms, reduce risks, and ensure compliance with regulatory requirements.
- Monitor the implementation of audit recommendations and report on progress to senior management and the audit committee.

**3. Compliance and Governance**
- Ensure all business transactions and operations comply with applicable laws, regulations, and internal policies.
- Assess the adequacy and effectiveness of the organization's governance framework.
- Provide guidance on corporate governance best practices and support the development of policies and procedures.

**4. Reporting and Communication**
- Prepare detailed audit reports outlining findings, risks, and recommendations for improvement.
- Present audit findings and recommendations to senior management and the audit committee.
- Communicate effectively with various stakeholders, including executives, managers, and external auditors.

**5. Continuous Improvement and Development**
- Stay updated on industry trends, regulatory changes, and best practices in internal auditing.
- Foster a culture of continuous improvement within the internal audit function and the broader organization.
- Mentor and train junior audit staff, promoting professional development and knowledge sharing.

**6. Reporting**:

- Prepare and present clear, concise, and comprehensive audit reports to the audit committee and senior management.
- Communicate audit findings and recommendations effectively to stakeholders.
- Track and follow up on the implementation of audit recommendations.

**7. Special Projects and Investigations**:

- Lead special audit projects as requested by senior management or the audit committee.
- Conduct investigations into suspected fraudulent activities and irregularities.

**Key Responsibilities (KRA)**:
1. **Audit Planning and Execution**:

- Develop and implement an annual audit plan covering all significant activities of the conglomerate.
- Conduct audits to assess the adequacy, effectiveness, and efficiency of the established internal controls and procedures.
- Provide recommendations to improve operational efficiency, reduce costs, and enhance overall governance.

2. **Risk Management**:

- Identify and assess areas of significant business risk.
- Implement best practices in risk management to mitigate identified risks.
- Monitor and ensure the effectiveness of the risk management processes.

3. **Compliance**:

- Ensure compliance with statutory requirements, internal policies, and procedures.
- Conduct investigations of suspected internal fraud and irregularities.
- Keep abreast of legislative and regulatory developments and their impact on the organization.

4. **Reporting and Communication**:

- Prepare and present audit reports to the Audit & Risk Committee and GCEO, highlighting key issues and recommendations.
- Maintain open communication with management and the Audit & Risk Committee.
- Provide regular updates on audit activities, findings, and emerging risks.

5. **Continuous Improvement**:

- Promote continuous improvement by recommending and implementing enhancements to audit processes and methodologies.
- Stay updated with industry trends and developments in audit practices.

6. **Leadership and Training**:

- Lead and mentor the internal audit team, ensuring high performance and continuous development.
- Provide training and guidance to the audit team on audit standards and practices.

**Key Performance Indicators (KPI)**:
1. **Audit Coverage**:

- Percentage of the annual audit plan completed within the year.
- Number of significant business processes audited.

2. **Risk Mitigation**:

- Number and severity of risks identified and mitigated.
- Effectiveness of


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