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.
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 at the company.
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.
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.
Audit, Compliance and Risk Manager
Location: Abu Dhabi United Arab Emirates
Posted On: on 5/3/18
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