Job Description and Requirements
Job Overview
The primary role is to examine and evaluate the adequacy and effectiveness of internal controls as well as the quality of performance in carrying out assigned responsibilities to achieve the organization stated goals and objectives.
Reporting to: Internal Audit Director
Responsibilities
Maintain and update ‘Internal Audit Charter’, ‘Internal Audit Activity SOPs’ and ‘Internal Audit Code of Ethics’ for review and approval by Audit Committee.
Lead the ‘Audit Planning’ process by developing an annual audit plan (covering Financial, Operational, HR & Admin and IT audits) based on the results of Annual Risk Assessment approved by the Board.
Attend meetings with key persons of business units and senior management to identify risk areas and controls implemented to mitigate those risks.
Review and adjust the ‘Annual Audit Plan’, as necessary, in response to changes in organization’s business, risks, operations, programs, systems and controls and submit it for review and approval by Audit Committee.
Communicate any ‘significant deviation from approved annual audit plan’ to Audit Committee through periodic activity reports.
Review and finalize ‘Annual Budget and Resource Plan’ of internal audit function for review and approval by Audit Committee and circulate it to HR and Finance as a part of year-end budgeting process.
Review and finalize ‘Audit Scope’ for planned audit engagements and make appropriate modifications, based on inputs from business units to ensure its adequacy.
Approve ‘Audit Programs & Forms’ for financial, operational, IT and HR engagements.
Review and monitor the ‘Progress’ of planned engagements on monthly basis to assess the adequacy, effectiveness and efficiency of the established SOPs for internal audit.
Review ‘Working Papers’ of significant findings for all reports and at least a sample of 10% from the planned engagements selected at random distributed over the whole year.
Attend ‘Closing and Final Meetings’ with VPs/ GM to discuss and confirm audit findings, management responses and corrective action taken or to be taken by RBUs.
Review and finalize ‘Internal Audit Reports’ upon completion of each engagement and distribute it to RBUs and VPs/ GM, as appropriate.
Reporting’ the results of audit engagement to Audit Committee.
Periodically report to the Audit Committee on internal audit activity purpose, authority and responsibility as well as ‘performance relative to the approved audit plan’.
Report ‘significant risk exposures and control issues’, including fraud risks, governance issues, and other matters needed or requested by the Audit Committee.
Report the ‘Results of follow-up activity’ to Audit Committee on quarterly basis.
Report any non-compliance with Internal Audit SOPs by RBUs to Audit Committee as ‘Scope Limitation’.
Send confirmation to the Audit Committee regarding organizational independence of the internal audit activity, at least on annual basis.
Reporting to Audit Committee on internal audit activity’s ‘Quality Assurance & Improvement Program’, including results of on-going internal and external assessments.
Establish appropriate follow-up process for material findings and recommendations.
Plan ‘Specific Operations or Special Investigations’ at the request of Audit Committee or the Board, as appropriate.
Participate in the ‘Audit Committee and Board Meetings’ to enhance understanding of the key business issues and future plans.
Essential Requirements
Bachelor’s degree
Must be a Certified Internal Audit (CIA)
At least 5 years experience
Minimum 2 years in an Internal Audit Manager position
Must have experience in Real Estate and Investments
Open to any nationalities in Saudi now with Transferable Iqama – male
Salary/Compensation
Salary to be used as a guide only and will reflect experience levels and interview performance
Salary is up to 18k SAR per month total package
*** تقدم على الرابط التالي : Apply on the following link ***
https://www.akhtaboot.com/en/saudi-arabia/jobs/riyadh/129110-Internal-Audit-Manager-at—First-Resort-Global-Recruitment
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