Chief Internal Auditor

Parker Connect

Abu Dhabi, UAE

Ref: MP564-483

Job description / Role

Employment: Full Time

Purpose of the Job:

To establish and direct the development of Internal Audit policies & procedures and scope of internal auditing that includes efficacy of operations , reliability of financial reporting, deterring and investigating fraud, safeguarding assets and compliance with laws and regulations.

Key Accountabilities:

Establishes internal audit policies and procedures including the reporting templates for conducting and reporting audits in compliance with international standards and legal requirements .
Establishes and communicates the scope and objectives for the audit to CEO and BOD.
Draws up an annual audit plan covering all auditable area of business in consultation with CEO and BOD based on risk assessments.
Directs a broad and comprehensive audit of all sections of the business to ensure all resources are effectively, efficiently and economically managed.
Plans and ensures proper execution of financial and operational internal audit assignments, including coordination with functional heads.
Prepares periodic reports for the BOD on significant issues related to internal control processes to ensure its appropriateness with the business environment.
Determines accuracy, reliability and fairness of information of financial data.
Identifies the key risks facing the business activities within the defined scope of audit.
Directs and oversees financial audits to analyze the quality and effectiveness of internal operating and administrative procedures and reports significant actual or potential control weaknesses.
Reports suspected instances of conflicts of interest and unethical conduct and negotiates action plans with BOD/management to address the issues.
Recommends an efficient and comprehensive program of internal control based on the audit findings.
Plans and conducts special investigations as directed by the BOD.
Maintains effective business relationships with the UAE Central Bank and External Auditors.
Provides timely, efficient, and effective audit updates on issues, opportunities and recommendations to the BOD and CEO.
Oversees any outsourced internal audit activities as needed from time to time.
Ensures audit team is adequately staffed with qualified team members.
Manages employees in the internal audit division in performing their delegated tasks and nominate employees for appropriate training.
Performs any other relevant task as directed by BoD and CEO.

Requirements

Qualification:

A Certified Internal Auditor (CIA) or Chartered Accountant (CA) or Certified Public Accountant (CPA) or equivalent

Relevant Experience:

12-20 years of experience in Internal Audit function with at least 5 years at senior management level

Skills and Attributes:

Planning & Organizing
Analytical thinking
Integrity
Systematic thinking and Problem solving
Interpersonal and Communication
Attention to detail

About the Company

PARKER CONNECT is the fastest growing Management Consultancy in the Middle East. We provide world class services such as Executive Search and Consultancy through our centrally located office in Dubai, United Arab Emirates. Ever since starting operations, the organization has witnessed rapid growth purely achieved through firm business relations and quality service delivery. Our market knowledge in the region put together with quality consultants and excellent infrastructure has enabled us to build a strong portfolio of clients which include MNC’s and local firms.

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Resident Engineer salaries in Saudi Arabia

Average monthly compensation
SAR 26,000

Breakdown available for industries, cities and years of experience