Internal Audit Manager

Main Responsibilities:

• Interact with the Audit Committee to activate the functional subordination, enhance independence, and obtain the Committee’s approval on the various plans and budgets of the Internal Audit.
• Developing organizational objectives and strategic plans for the Internal Audit Department to aid in achieving the business’ objectives.
• Establish principles and controls for managing and directing the Internal Audit activity to achieve the desired efficiency.
• Preparing and following up on the implementation of the Internal Audit Department’s strategic plan and ensuring its consistency with the business’ objectives.
• Prepare the Internal Audit Department’s budget in coordination with the Audit Committee.
• Carry out periodic reviews of the Internal Audit charter and the Internal Audit manual.
• Periodically follow-up on the key performance indicators of the Internal Audit.
• Department and its employees and evaluate their annual performance.
• Prepare training plans to raise the competencies of the Internal Audit staff, work on developing and motivating employees to expand their efficiency and effectiveness and create a culture of team building and continuous development.
• Follow up on the implementation of the Internal Audit activities in accordance with the approved Internal Audit Charter.
• Presenting the results of the Internal Audit Department employee’s evaluation and providing recommendations regarding bonuses, salary increases, and promotions.
• Directing the Internal Audit staff to carry out the risk assessment process and provide recommendations when needed.
• Review the results of the risk assessment.
• Develop and periodically review and update the annual risk-based audit plan.
• Review and approve the allocation of available resources, schedule, and budget required to complete each stage of the audit review.
• Review and approve the work plan of each audit review submitted by the Internal Auditor.
• Issue the formal audit commencement letter to the concerned department and review the list of initial audit requirements.
• Review and approve the process understanding document, risk and controls matrix, audit program, and working papers.
• Monitor and periodically review the implementation of the annual Internal Audit plan.
• Review and approve the draft Internal Audit report and lead the closing meetings with the relevant parties; to discuss the findings raised, proposed recommendations, and obtain the management responses to determine the corrective action plans.
• Review the Internal Audit reports and issue the final version to the related parties.
• Immediately issue reports to the concerned parties whenever a weakness or an issue is identified that may have a material impact and/or significant risk on the operational continuity of the business.
• Follow up with the concerned departments and/or the CEO of Obeikan Glass regarding the implementation of the audit report corrective action plans.
• Preparing periodic reports and presentations (task completion rates, annual executive summary, etc.) to the Audit Committee.
• Executing other tasks assigned by the Audit Committee.
• Disclosure of conflicts of interest and reporting on any independence limitations.
• Presenting the results of the Internal Audit Department employee’s evaluation and providing recommendations regarding bonuses, salary increases, and promotions.
• Establishing and maintaining the Quality Assurance and Improvement Program and reporting on its external and internal evaluations to the Audit Committee.

Education:

• Bachelor’s degree in accounting, financial or administrative sciences, or its equivalent in a similar
  discipline, as a minimum.
• Professional certification such as “CIA, CISA, CFE, CPA”.

Experience:

At least 10 years of relevant experience, including 4 years in a supervisory/managerial role, or as approved by the Audit Committee.