Role Overview:
The Group Internal Audit Head acts as the Chief Audit Executive and a member of the executive management team. This position leads internal audit operations using a risk-based approach to support corporate governance and organizational objectives. Responsibilities include directing audit plans, overseeing compliance, operational, financial, and performance audits, and providing consulting services. The role ensures adherence to IIA standards and promotes ethical practices.
Key Responsibilities:
- Reports directly to the Board of Directors and Audit Committee.
- Develops and executes annual audit plans based on risk assessments.
- Directs audit procedures, evaluates risks, and communicates findings to management and the Board.
- Oversees hiring, training, and performance management of audit staff.
- Leads quality assurance and continuous improvement initiatives.
- Represents internal audit in management and board meetings.
- Performs special projects as assigned by the Audit Committee.
Coordination:
- Interfaces with internal business units and external committees (Audit and Risk Committees).
Qualifications:
- Education: BS in Accountancy (CPA), Internal Auditing (CIA), or IT (CISA). Certified Fraud Examiner preferred.
- Experience: Minimum 10 years in Internal/External Audit, Finance, or Taxation; operational experience is an advantage.
Core Competencies:
- Audit Management: Ability to develop and manage audit functions.
- Governance, Risk, and Control: Strong understanding of governance frameworks.
- Negotiation: Skilled in resolving differences during reviews.
- Analytics: Capable of solving complex problems and making informed decisions.
Reporting Lines:
- Reports to: Board of Directors and Audit Committee.
- Manages: VP Internal Audit/Cluster Head.
Key Performance Areas:
- Timely completion of audit projects and special assignments.
- Closure of open audit items.
