Head of Internal Audit

Requirements

• Bachelor’s degree in accounting, Finance or any relevant course.
  

• Postgraduate qualifications and professional certification are required.
  

• Relevant professional certification (e.g. CIA, ACA, ACCA, CIMA, CFA) is a must-have.
  

• Minimum of ten (10) years relevant work experience.
  

Skills and Competencies

• Excellent understanding of the standards of the Institute of Internal Auditors (IIA) and ability to fully comply with IIA standards.
  

• Ability to manage projects and, when required, supervise auditors to follow sound internal control practices and to manage risks appropriately.
  

• Strong skills in negotiating, relationship building, problem-solving, and timely problem escalation.
  

• Excellent written and oral communication skills.
  

• Identify and escalate strategic implications to the organization from audit engagement findings.
  

• Evaluate that significant risk exposures and control issues, including fraud risk and governance issues are covered in the final engagement communication.
  

• Communicate objectively audit engagement results to senior management and board members.
  

• Review the quality of business process analysis and process improvement recommendations.
  

• Evaluate implications of process design improvement recommendations on organisation's strategic objectives
  

• Assess whether the risk management and internal control systems are operational as intended.
  

• Review the completeness of management’s risk analysis and actions taken to remedy issues raised by risk management processes and suggest improvements.
  

• Evaluate risk exposures relating to the organisation’s governance, operations, and information systems.
  

• Communicate with senior management and Board on risk-related issues that may indicate weakness in risk management practices.
  

• Facilitate review of strategic and business risk issues and assess risk governance framework.
  

• Evaluate completeness and relevance of risk assessments.
  

• Review and approve audit engagement plans and evaluate the relevance and prioritization or focus of the audit plan and its alignment with IA and organizational strategies.
  

• Establish key performance indicators to measure the progress and performance of each initiative against expectations.