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Operational Audit Manager

1.00 to 10.00 Years   Jeddah , Saudi Arabia   04 Aug, 2021
Confidential Company
1 Jobs Openings
Job LocationJeddah , Saudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryFinancial Services
Functional AreaNot Mentioned

Job Description

Position Overview:The Operational Audit Manager assumes a leadership role in monitoring compliance, evaluating the effectiveness of controls, identifying ineffective practices, and recommending measures for improvements to policies and procedures for The Company. Particular emphasis will be focused on developing and executing programs to review and evaluate internal controls and risk management of operational processes of the Company.Responsibilities:The operational Audit Manager is responsible for planning, scheduling, leading, supervising, and issuing internal audits reports for all audits of the operational processes and functions. The principal duties include:

  • Assist in the annual risk assessment and audit planning process.
  • Schedule audits and coordinates the necessary resources to ensure that the approved audit plan is timely accomplished.
  • Undertake comprehensive planning and risk assessments relating to each assignment to ensure that the engagement focuses on potential business risks.
  • Lead an audit team of 2 to 8 people performing audits on various locations of the Company business.
  • Supervise, direct, counsel, and instruct assistant auditors assigned to the audit and review their work for sufficiency of scope and accuracy.
  • Coach audit staff during the audit on audit techniques and methods of analysis.
  • Monitors audit budgets; conducts audit quality review and resolves audit-related issues.
  • Make oral or written presentations to management during and at the conclusion of the audit, discussing deficiencies, recommending corrective action.
  • Prepare or directs the preparation of audit findings and appropriate recommendations.
  • Ensures that the audit reports are clear, correct, concise, concrete, complete, courteous, convincing, direct, and timely.
  • Ensure that all agreed-upon action plans are subsequently implemented.
  • Ensures that the audit team is independent and objective in the performance of duties.
  • Coordinates with the external auditors and shareholders auditors to maximize the audit coverage while minimizing any overlap.
  • Performs special reviews/ studies requested by the Management.
  • Assists in special assignments as needed.
Key Challenges:
  • Develop specific audit programs for each audit engagement to be carried out by the audit team to review and evaluate the adequacy and effectiveness of the internal control framework.
  • Appropriately communicates the results of audit work to enable improvements in internal control and to provide assurance. Develops and presents persuasive arguments to address audit concerns.
  • Work with management to set the appropriate timeline for the implementation of audit recommendations.
  • Owns budget resource allocation of department resources, including staffing plans and budget, for maximum efficiency and impact for the team. Acts as a steward for group resources.

Keyskills :

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