Head of Internal Audit

Job Description

Objectives:Planning and execution of Internal Audit activity and assurance of Compliance with regulatory requirements and organizations policies and procedures.Main responsibilities:To conduct risk assessment of all key activities of the company, identify controls in place to mitigate risks and determine the audit prioritiesDevelopment of a risk based audit plan on a yearly basis detailing the scope, nature and timing of audit activities for approval of Audit CommitteeExamine and evaluate the adequacy, effectiveness and efficiency of the organizations internal control systems and proceduresIdentification of risk posing control gaps, recommendation of appropriate controls to mitigate the risks and corrective actions to enhance controls keeping in view the additional cost and operational efficiencies.Designing internal audit procedures and work programs for areas as per approved audit plan and performing audit procedures focusing audit objectives.Document the audit work in accordance with applicable standards and Guidelines of Audit Manual of the company and obtain appropriate and adequate evidenceDiscuss audit findings and recommendations with management and document the responsePreparation of audit reports detailing the objective, scope, procedures performed, significant findings and management response and the audit opinionMonitor the timely implementation of the management actions recommended in the audit reports.Review the accuracy, timeliness and relevance of financial information and other disclosures provided to management.Advise management on the resourcing requirements for the Internal Audit function, including any potential outsourcing arrangements for specialized auditsContributes, as appropriate, in the year-end financial audit with the external auditorConduct ad-hoc investigations/ reviews as requested by Audit Committee or managementManage Cyber Security to:Ensure that appropriate Cyber Security controls are available to secure the system from unauthorized access;Select the appropriate Cyber Security controls that should be evaluated and decided in conjunction with the Cyber Security Manager;Identify data to be backed up and the IT Head should approve it.Ensure that adequate and approved procedures are in place for the data backup.Provide at least one personnel who will coordinate with the Cyber Security team for creating/maintaining the system procedures with in their department and also take part in the incident response process.Be the owner of the procedures developed for the systems within the department.Perform continual monitoring of the Cyber Security processes;Perform substantive test work reviewing compliance with SOLCs Cyber Security policies and standards;Perform regular reviews to determine that Cyber Security policies and procedures are implemented into the production environments and that deviations from the policies are accurately documented and approved;Perform review of Cyber Security monitoring processes to determine that violations are identified, reported to management, and escalation procedures are in place;Review the Cyber Security administration process to determine that controls exist over the creation, modification, and deletion of new user accounts; andReview the business continuity plans and the physical protection design to determine that controls are in place to protect information assets from system outages.Responsible for monitoring fraud in the work and shall report any suspicious cases of fraud immediately by using the suspicion form attached in the Circular send by the Compliance Department on 10-Apr-2018.Reporting to: Audit CommitteeNumber required: 1Probation: 90 daysWorking Hours: Sun - Thursday 8 AM to 4:30 PMOther Benefits: Ramadan Basic Salary REQUIREMENTS: University Qualifications:Bachelor Degree Finance / AccountantNature and length of previous experience:+ 8 Years of Experience relevant field, Chartered Accountant 3 Years Experience.Specialist knowledge:IT MS Office (Word, PowerPoint, advanced Excel).Expertise in the functioning of a financial institution.Expertise in internal audit, risk and control functions.Excellent writing, communications and presentation skills.Soft Skills and Personality traits:Networking / Relationship Building.Decision Making.Stewardship of Resources.Visioning & Strategic thinking.Impact & Influence.Developing others.IntegrityGender Preference: maleNationality Preference: SaudiLanguage Fluency: Arabic , EnglishCurrent Location: Saudi Arabia

Keyskills :

About Company

Saudi Orix Leasing Company; the first lease financing company of its kind in the Kingdom was incorporated on January 16, 2001 as a closed joint stock company with a mandate to provide medium term asset financing to all productive sectors of the economy with particular emphasis to serving the needs of small to medium size enterprises and thereby, assist in extending and serving the needs of small to medium size enterprises and thereby, assist in extending and expanding the credit delivery mechanism in the Kingdom.

The company was issued a license by the Foreign Investment Committee and is under the supervision of the Saudi Monetary Agency as a non-bank financial institution. Prestigious Saudi and International institutions sponsor the company.