Internal Audit Manager

Main Job Purpose:Ensuring that the organizational risk map is kept under constant review and is amended to reflect any changes in the organizational priorities. Reporting on the whole range of assurance activities that take place within the Beltone Group in relation to the risk register. Ensuring that the financial and other operational control procedures identified in the risk register are being properly implemented, managed, and used in all departments.Job Responsibilities:Assisting the Internal Audit Group Head in setting the risk-based audit plan; through creating risk assessments for each department to identify the audit plan details that are to be approved by the audit committee.Understanding the FRA requirements, to ensure maintaining updated process functions to help ensure compliance with such requirements.Presenting the annual internal audit plan designed in reference to the risk management framework to the Group CEO, Chairman, and audit Committee for approval.Developing and maintaining Internal Audit Procedures to ensure that best practices are considered and address specific areas of risk management and assess complex activities to identify potential operational, financial, or risk of potential fraud that warrant audit attention. Managing the initiation and implementation of a full audit program including. • Conducting the kickoff meeting with the relevant stakeholders; to discuss and explain the scope of the audit plan. • Providing the required documentation list to the different departments • Drafting the audit report; detailing audit findings and notes; for the Group Head of Internal Audits’ validation and CEO approval afterwards.Negotiating audit findings, and comments with the department manager and discuss the recommendations proposed and agree on the appropriate timeline to address audit findings based on the criticality of findings.Developing an assessmentframework that brings together the assurance activities of Beltone Group where they relate to the risk register and report against this in the form of a functional audit.Agreeing with the Group Head of Internal Audit on the action plan necessary to implement the audit recommendations with the head of the relevant department to ensure buy-in and alignment on the departmental audit plan.Assisting the Group Head of Internal Audit in reporting to the executive committee and audit committee, areas of concern, and the resultant action plan; in addition to monitoring the implementation of any recommendations.Ensuring that risk register structure is updated to ensure feedback from Directors, Group CEO, and chairman is taken into consideration and they are made aware of any changes in relation to Beltone’s operational and strategic management.Sending AML reports to FRA semiannually for each subsidiary in addition to other FRA reporting requirements; to ensure full compliance and adherence to reporting requirements.Designing training literature to raise awareness, on auditing requirements, in addition to delivering the audit awareness training/ orientations; on a semi-annual basis to ensure setting a constructive and structured audit framework and culture.Job Qualifications:Bachelor’s degree in a related field.Minimum of 12+ years of experience in audit and/or the financial sector.Strong knowledge of auditing concepts and Internal Audit (IA) principles.Good understanding of financial recordkeeping procedures, laws, regulations, and professional standards.Excellent communication and interpersonal skills.Strong business acumen.Strong critical thinking and analytical skills.Demonstrated learning agility and willingness to continuously learn.Proficiency in Microsoft Office (MS Office).CIA – Certified Internal Auditor (issued by the Institute of Internal Auditors) is mandatory.IFRS Training is mandatory.CISA (issued by ISACA) is preferred.Strong knowledge of FRA Regulations.Strong knowledge of the Institute of Internal Auditors (IIA) Standards.FRA License is mandatory.