Internal Audit Team Leader|000025 - 5003407HO

Job Description

The role holder is responsible for implementing plans for within the Investment & Subsidiaries Audit Company in a professional and organised manner and for implementing special auditing assignments, based on the requests received. The role holder shall carry out his duties in accordance with the stipulated business policies and procedure.- Participates in the development and implementation of the Investment & Subsidiaries Audit Department plans, in line with the corporate objectives.- Directs and manages Internal Audit Team Leader mandates, providing leadership and facilitating work processes in order to achieve high performance standards. - Interprets and implements change in the Internal Audit Team Leader providing guidance and support, necessary for continuous improvement. - Ensures compliance with organizational policies, procedures and quality standards in the Internal Audit Team Leader.- Manages the provision of inputs and contribution to the development of a comprehensive audit plan for the focus areas, by coordinating with concerned stakeholders to identify key business areas, key functional areas and key risk areas which support the business and audit strategy.- Examples of Investment Audit focus areas ? financial feasibility, capital allocation, forecasting and budgeting, relevant processes and policies etc.- Manages the formulation of plans and budgets to facilitate effective project management of various audit engagement projects, including those for special audit assignments.- Manages the research and presentation of proposals for new Internal Audit standards and policies, especially those relating to the investment audit area and special audit assignments.- Develops standards of performance for own area of focus and monitors the performance of team members during audit engagements to ensure these standards are maintained.- Contributes towards the process of selecting new business systems to help create effective internal controls by recommending internal audit guidelines, policies and procedures in accordance with professional auditing standards and international best practices.- Undertakes and implements special audit assignments, based on the requests received.- Manages the performance of the audit team on audit plan implementation for focus areas.- Reviews the work submitted by team by evaluating the impact and relevance of results on the audited entities to ensure clear and correct representation of findings and drafts critical sections of the audit report personally.- Delivers completed audits and audit reports to the concerned stakeholders.- Follows-up on the corrective actions taken after the issue of audit recommendations and comments.- Manages the internal audit engagement interactions with key Management staff of the Company.- Liaisons with the Audit Committee, Board of Directors and Executive Management regarding focus area audit activities and findings.- Develops and delivers awareness presentations, on areas of focus, to the concerned stakeholders. - Coordinates and liaisons with external auditors and other key external bodies. - Defines goals and key performance indicators for each member of the team and ensures effective application of the stc performance management process. - Directs planning and selection of manpower in the Internal Audit Team Leader, in line with the business and operational plans. - Ensures high level of employee engagement and capability development by providing on-going feedback and coaching team members within Internal Audit Team Leader. - Performs other responsibilities and tasks related to the job as directed by line manager

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