Internal Audit Director

Job Summary

• To plan and implement operational, financial and compliance audits to evaluate the efficiency of all internal control systems, policies and procedures towards minimizing operational risks, improving operational standards and customer service.

Key Duties & Responsibilities

• Lead the development and execution of the audit strategy and annual plan in alignment with the established Internal Audit standards

• Identify operational risks and develop the risk management framework

• Conceptualize to deploy audit practice with the objective of improving store operational standards and customer service consistently

• Develop and implement the budget and cost of all activities pertaining to the audit department

• Review expense controls in place periodically, receiving them as required across all spend categories/heads

• Operational Design, implement, test internal controls and authorize necessary changes as and when required

• Test compliance with selected policies, procedures and regulations in order to improve customer service

• Establish efficient working relationships with relevant stakeholders

• Present accurate internal audit reports to the management as and when required

• Promote the highest standards of ethics within the organization based on the principles of integrity, objectivity, competence, and confidentiality

• Create opportunities for staff to suggest, participate in and contribute to improvement, innovation and knowledge sharing initiatives

• Perform organization-wide risk assessments to identify significant risks or exposure related to internal controls or compliance with the company’s policies and procedures, laws and regulations, sponsored contract and regulatory requirements, efficiency of operations, and accuracy of programmatic and financial reporting

• Mentor employees and ensure proper target setting and staff performance management in line with the Group’s performance management guidelines

• Define and shape Group SOPs and systems so that the operational framework is set to the highest standards and as per the business needs

• Recommend new or improved processes to minimize risks, and improve efficiency

• Direct the work of external auditors on select audits, as directed by the Audit Committee and executive management, to ensure the audit work remains within the prescribed guidelines.

• Coordinate and assist with the preparation of Audit Committee materials. Participate in quarterly or more frequent Audit Committee meetings

• Remain current on regulatory oversight trends and develop a risk based approach incorporated into the annual audit plan.