Internal Audit Manager

Job Purpose:

This role is responsible for assisting in the maintenance of the internal audit charter and manual and ensuring compliance with professional standards issued by the Institute of Internal Auditors (IIA). Executes the risk-based annual internal audit plan, conducts internal audit assignments, and provides recommendations to address risks and improve internal controls. Monitors the implementation of corrective actions, coordinates with stakeholders during audit engagements, and supports awareness of internal audit practices within the organization.

Main Duties and Responsibilities:

Core Responsibilities

Governance

• Assists in maintaining the internal audit charter and internal audit manual in line with international and local best practices.
• Conducts internal audit engagements as per the internal audit charter and manual.
• Adheres to professional and ethical standards issued by the Institute of Internal Auditors (IIA).
• Supervises the preparation of documentation and supports the organization of Audit & Risk Committee (ARC) meetings.

Risk-Based Internal Audit Planning

• Supervises the preparation of the risk-based annual internal audit plan in consultation with senior management.
• Performs risk assessments to support internal audit activities and plans.
• Evaluates the effectiveness of internal controls, identify areas of improvement and recommend corrective action plans.

Operation and Reporting

• Leads or independently execute risk-based audits as per the approved plan including planning, fieldwork, reporting and follow-up on implementation of action plans.
• Develop, review and update audit programs and testing procedures to ensure adequate coverage of identified risks.
• Prepare and maintain comprehensive audit documentation and working papers in line with audit standards.
• Prepares and Reviews internal audit reports and highlights issues for review by senior management and the ARC.
• Supports audit quality assurance and ensures compliance with standards during audit engagements.
• Reviews findings and recommendations from regulatory authorities and assists in addressing concerns.

Follow-up and Coordination

• Monitors the implementation status of corrective actions resulting from audit findings.
• Coordinates with organizational departments during UAEAA audit engagements and follows up on recommendations and observations.
• Assists in managing internal audit assignments executed by external service providers.
• Collaborate with Risk Management, Compliance and other assurance functions.

Special Projects and Investigations

• Participates in special audit engagements as requested by senior management or the ARC.
• Assists in investigations related to fraud and supports the preparation of findings for review.

Training and Communication

• Conducts training sessions and workshops for employees as required for Internal Audit to increase awareness.

Management Responsibilities

• Defines performance goals at the start of the year in discussion with the Line Manager and ensures that the goals are achieved during the year.
• Identifies the training and development requirements for self and agrees on them with the Line Manager to ensure that the required trainings are arranged and attended.
• Strives to achieve the highest levels of proficiency on all the competencies and skills required to perform the role.
• Supervise, coach and review the work of team members when required. Provide technical support to other team members as required.
• Keeps abreast of professional developments, new techniques and current issues through continued education and professional growth.

Education and Experience:

• Bachelor’s degree in Finance, Accounting, Internal Audit, Risk Management, Business Administration or any degree in a related field
• CIA holder
• Minimum 8+ years of experience
• This role is restricted to Emirati candidates