Audit Manager - KSA Based

Strategy

Develop the internal audit function strategy in line with the group’s strategy to ensure vertical alignment and horizontal integration with other interfacing strategies across business units

Ensure that related strategic plans are developed and implemented, and aligned with the vision and mission of the group

Policies, Processes& Procedures

Oversee the development and implementation of policies, procedures and controls covering all areas of internal audit so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service to customers

Budget

Consolidate and recommend the internal audit budget and monitor financial performance versus the budget so that the business is aware of anticipated costs, areas of unsatisfactory performance are identified and potential areas of cost reduction or performance improvement opportunities are capitalised upon

Audit Plans

Direct the execution of a comprehensive business diagnostic review of all functions and business units and report findings whilst recommending areas of improvement to ensure adherence to defined quality standards / legislative requirements

Direct the development and seek approval for the annual Internal Audit plan ensuring alignment of all business units to promote achievement of the business strategy

Direct and oversee the provision of a professional auditing service and internal control risk assessment through implementation of audit plans and programs

Oversee and ensure satisfactory performance of field and desk audit activities covering business units and head office, for effective audit coverage, and monitors the quality of outputs and services (i.e., ensuring that audits are being done according to high standards)

Oversee the investigation process to ensure that any suspected activities are identified and rectified in a timely and cost-effective manner

Audit Follow up

Ensure that the team conducts regular follow up with the different BUs/ departments in order to have maximum adherence to the audit recommendations

Oversee the actions undertaken by the BUs/ departments to address the audit report recommendations and ensure highlighting any issues related to the implementation of audit recommendations and follow up on their resolution

Audit Assurance

Lead and direct the management of all Audit Assurance activities to ensure compliance with the standards for the professional practice of internal auditing and the code of ethics issued by the Institute of Internal auditors

Leadership

Manage the effective achievement of departmental objectives through the leadership of the internal audit function – setting individual objectives, recruiting qualified staff, managing performance, developing and motivating staff, provision of formal and informal feedback and appraisal – in order to maximise subordinate and departmental performance

Change Management

Lead the management of change through continuous improvement of departmental systems, processes and practices taking into account ‘international best practice’, changes in international standards and changes in the business environment which demand proactive action plans

Reporting

Ensure that all function related reports are prepared timely and accurately and meet company and department requirements, policies and standards

Related Assignments

Perform other related duties or assignments as directed