- Develop and implement a comprehensive internal audit plan based on a risk-based assessment of the organization's operations and processes.
- Lead and manage a team of internal auditors, providing guidance, training, and performance evaluations.
- Conduct internal audits to assess the effectiveness of internal controls, risk management practices, and compliance with policies and procedures.
- Identify and evaluate areas of potential operational, financial, and compliance risks, and Conduct appropriate audit procedures to address them.
- Review and assess the reliability and integrity of financial and operational information, including the identification and investigation of irregularities or discrepancies.
- Provide recommendations for process improvements, risk mitigation strategies, and control enhancements to senior management and the Audit Committee.
- Monitor the implementation of audit recommendations and ensure timely resolution of identified issues.
- Stay updated with changes in regulations, accounting standards, and industry best practices, and ensure compliance with relevant laws and regulations.
- Foster a culture of strong ethics, integrity, and internal control awareness throughout the organization.
- Collaborate with external auditors, regulators, and other stakeholders as necessary.
- Prepare and present audit findings, reports, and recommendations to senior management, the Audit Committee, and the Board of Directors.
Bachelor’s degree in accounting, finance, or a related field. A professional certification such as Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) is highly desirable. Extensive experience in internal auditing, risk management, or a related field, with a minimum of 10 years of progressively responsible roles. Strong knowledge of internal auditing standards, practices, and methodologies. Familiarity with relevant regulations, accounting principles, and industry best practices.