Head of Internal Audit
Arabian Contracting Services Company
مجموع سنوات الخبرة :10 years, 7 أشهر
Responsibilities:
Establishing the Internal Audit Function according to Board Audit Committee.
Design, develop and implement a comprehensive start-up framework.
Defining policies, procedure and standards for internal audit function.
Manages audit staff and coordinates day by day auditing activities.
Key person for the preparation and reporting to Board Audit Committee.
Plan and direct complex risk-based financial, operational, IT and compliance audits testing across company operations with a focus on process improvements and controls rationalization.
Review and evaluate audit results, synthesize audit findings and draft individual audit reports and coordinate with appropriate teams to follow up on status of management actions.
Present audit reports to executive management and the audit committee of the board.
Manage the department’s Quality Assurance and Improvement Program to ensure full compliance with IIA Standards as evidenced by periodic internal & external assessments.
Responsibilities:
Support CGO in providing objective assurance to key stakeholders (AC, CMA and CEO).
Support CGO to coordinate with external auditors, CMA examiners etc. to ensure smooth progress of audits, implementation of professional audit standards and resolving outstanding audit queries.
Support CGO in the development of comprehensive risk-based annual and strategic audit plan (including risk assessment) discussed and agreed with CGO prior to AC approval.
Execution/implementation of approved annual audit plan by the end of December each year.
Providing CGO an informative, transparent and adding value audit reports.
Submitting audit issues status report to CGO once every 2 months.
Upon CGO direction, carrying out all ad-hoc assignments requested by Audit Committee (AC), CEO, External Auditors and regulators within the expected quality and tolerance period.
Follow - up/tracking reported issues and carryout validation of action taken on due dates and ensure timely and proper implementation of controls to mitigate risks identified.
Managing audit team and ensure that audit teams are fully oriented to the risk-based audit approach and that professional manner and timelines are met and providing regular oversight and support and prioritizing issues based on relevance, significance and impact to the company.
Responsibilities:
Completed Risk-Focused audit and special SAMA assignments.
Executed Risk based internal audit plans.
Prepared audit notification letters for audited units/departments.
Testing of business controls to detect control deficiencies and ensuring proper implementation of policies and procedures to increase the efficiency of operation.
Drafting of list of issues, identifying deficiencies and make recommendations for corrective action & follow up for implementation of the recommendation.
Developed audit reports, which clearly articulated risk, noted exceptions, impact and provided clear solution, based recommendations.
Executing audit work within acceptable quality and alignment to IA best methodology and practices.
Timely submission of scheduled and ad-hoc assignments within set deadlines.
Supported team activity and review all SAMA investigation reports for quality assurance.
Responsibilities:
Completed Risk-Focused audit and special reviews.
Supported Lead Auditors/Program Directors in
conducting Business Monitoring of assigned audit entities and provided risk focused input.
Reviewed products and processes to determine adequacy of controls and adherence to institutional standards.
Supported team activity and sharing of excessive workloads as necessary.
Supported program director in conducting audit quality assurance.