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JOB DESCRIPTION

Summary

The Head of Internal Audit primarily responsibility is to provide strategic direction/management of the Internal Audit activity mainly ensuring the Audit Plan is effectively established and executed, and as such, to ensure that risks and control gaps that could affect the ability of key business units to achieve its business objectives are identified. The identified control gaps and shortcomings are to be communicated to the respective business units for appropriate remedial actions. To provide periodic reporting to the Management Audit Committee (MAC) and Head of Group Internal Audit.

Responsibilities

• Lead Internal Audit’s annual risk assessment and planning process to develop an Annual Audit Plan and to ensure that the Audit Plan is responsive and aligned with the risk profile of the organisation. 
• Objectively assess the adequacy of governance systems and management of existing risks. To keep abreast of emerging risks and propose new developments for Internal Audit. 
• Monitor audit activities and status as per the approved Annual Audit Plan. 
• Oversee the execution of audit assignments as per the approved Audit Plan and ensuring the highest level of service quality and client satisfaction. 
• Responsible for reporting of audit results (Audit Report) to the management, Management Audit Committee (MAC) and Head of Group Internal Audit. To ensure the reports are clear, concise, identifying the root causes with practical solutions and ultimately provide value-added reporting to the organization. 
• Meet regularly with the Head of Group Internal Audit to report the status of audit activities as well as to update on the emerging risks (internal and external) that could be considered. 
• Proactively update Senior Management of significant risks or exposures related to internal controls, compliance and/or governance requiring prompt attention. 
• Actively participate in management meetings to ensure that the Internal Audit team is updated and well informed of key business developments that could have an impact on audit priorities/plans. 
• Responsible to hire and retain a team of high performing audit professionals who possesses outstanding knowledge, experience, ethics and integrity with the concurrence from the Head of Group Internal Audit.
• Ensure that Internal Audit performs its work in accordance with the established professional standards and remain up to date on the emerging trends and best practices that can be incorporated into the function. 
• To support/conduct special assignments as and when directed by the Head of Group Internal Audit on Group matters.

• Bachelor’s Degree in Accounting, Finance or Business Administration or similar discipline or equivalent experience.
• Professional certification such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Certified Information System Auditor (CISA) or other relevant certification. 6.2
• Minimum 10 to 15 years of relevant experience, preferably at least 5 years as an Internal Audit Head.
• Experience in internal audit, risk management and corporate governance review.
• Good knowledge of risks, controls and governance processes that are critical for the organization.
• Knowledgeable in audit, risk management and corporate governance review.
• Considerable knowledge of the Standards for the Professional Practice of Internal Auditing and the Code of Ethics developed by the Institute of Internal Auditors.