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Job Title

Group Head Internal Audit


Group Head Internal Audit

Job Summary

The Group Head Internal Audit is primarily responsible to manage the group’s internal audit strategy and the execution of the internal audit function. Other major duties shall include, but shall not be restricted to carrying out independent appraisals of the effectiveness of the policies, procedures, standards and practices of the Group and managing and administering the internal audit team in the performance of their duties.

The Head of Internal Audit supports the Audit Committee in fulfilling the Board of Director’s responsibilities, including operating and risk management controls and for providing strategic and technical leadership to the independent internal audit function and providing advice on the group’s operations control environment and risk management practices to the Audit Committee and management.

Essential Duties and Responsibilities  

  • To Ensure that there is a system in place that all major risks of the Group are identified and analysed on a periodic basis;
  • To Plan, organize and develop an internal audit function including formulating and preparation of an annual audit plan;
  • To report on the findings highlighted following reviews of systems and procedures, make recommendations and monitor management’s response and implementation;
  • To report to the Audit Committee, Executive Management as well as the Chief Internal Auditors on areas needing improvement, thus ensuring an effective risk control environment, assets are safeguarded and information is protected;
  • To report  the adequacy of policies, programmes and activities of the Group and the in-house standards of the department;
  • To coordinate on the required coverage with the external auditors and ensure that communication between parties is satisfactory and that there is awareness of the other’s work but also well briefed on areas of concern;
  • To review work performed by the internal audit team to assure quality and consistency in the department’s reporting function;
  • To work with Executive management to ensure that a system is in place which ensures that all major organizational risks  of the Group are identified and analysed;
  • To ensure that audits are performed on a risk-based approach, at the same time assuring departmental efficiency through proper management of departmental resources;
  • To administer the internal audit department and ensure that working methodologies are up to standard and duly completed by the internal auditors;
  • To assure that Departmental staff are properly trained and provided with a clear career path to assure better understanding and satisfaction on the job.

Required Skills and Competencies

  • Strong intellectual and analytical skills; able to investigate complex data and reach well supported and balanced judgements;
  • High level of capability in stakeholder management, negotiation and understanding;
  • Excellent influencing and communication skills, with the ability to tailor strategies and messages to fit the needs and expectations and support the delivery of the business objectives;
  • Comfortable with change, understanding what it takes to make it happen and how to work with others to achieve it;
  • Use of initiative and confident decision making;
  • Time management and priority setting;
  • IT literate, integrated accounting systems and advanced spreadsheet (Windows XP and Office 2010)

Required Qualifications

  • 15+ years or equivalent of progressive experience in audit or financial analysis, planning, and management;
  • In possession of a recognised accountancy, auditing, actuarial or other relevant professional qualification;
  • MBA, CPA, CIA or equivalent preferred;
  • Demonstrated ability to communicate, influence, motivate others, and lead change within an organization;
  • Strong analytical and problem-solving abilities in a similar senior role, with continuous ability to identify and implement process improvements and cost reduction opportunities;
  • Strategic global thinker with ability to successfully communicate and implement processes and deploy resources across diverse groups and business units;
  • Proficiency to negotiate, influence and gain trust of others where no formal authority exists and can relate well to people at all levels in a credible manner;
  • Demonstrated ability to build and leverage relationships while achieving the goals and objectives of the organization and department;
  • Uncompromising ethical character;
  • Objectivity and ability to challenge norms and standard operating processes;
  • Willing to travel internationally about 25%.

Our Client is a licensed credit institution and a leading provider of trade finance solutions.

MT 9647/18

Method of Application

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