Internal Audit Executive Director

Job Purpose

Manage and direct the activities of the internal audit department. This position requires expertise in internal audit functions, finance, operations and compliance. The work must be done independently within the framework of the company’s policies and procedures, as well as within the professional principles of internal audit work. The head of the internal audit must develop methods and procedures for auditing and direct the employees in the audit department and constantly review their performance.

ACCOUNTIBILITIES

The main duties and responsibilities should include the following, but not limited to:
•Identify, plan and oversee audit work professionally.
•Consult with the senior management and the audit committee that emanates from members of the board of directors in the procedures that the internal audit department will undertake.
•Manage the process of developing audit programs and ensure that the audit work is carried out according to what is planned and recommended, and prepare and implement systems and programs for audit in order to achieve the objectives of the internal audit department.
•Nominating and approving the employees in his department for specialized training courses, whether technical or soft skills.
•Preparing the annual budget for the audit department.
•Work on setting performance evaluation standards for the department.
•Evaluate and review the annual performance of the department, and coordinate in new hires in the department.
•Perform other duties assigned by the audit committee.
•Develop a flexible annual audit plan, using the risk methodology, including any risks or concerns about internal control that have been identified by the company’s management, and submit this plan to the audit committee for review and approval.
•Evaluating the company's internal control system to determine its adequacy to protect the company's assets as well as the accuracy and reliability of the information and to ensure that the company's policies and procedures are followed.
•Preparing formal reports on the results of the reviews and discussing these reports with the senior management, the delegated board member and the audit committee.
•Facilitating the comprehensive audit process, coordinating between the financial department and the external auditor, and working to overcome any obstacles.
•Consider the scope of work of the external auditor with a view to providing optimal coverage of the audit process of the company at an appropriate cost.
•The head of the internal audit should prepare policies and procedures for internal auditing to include processes, how to collect information about risks and evaluate them in terms of efficiency and effectiveness, and how to prepare reports.

Position Requirements

•Education: Bachelor degree from a reputable university.
•Experience: +16 years of experience.