Leadership and Management:

• Lead and manage the internal audit department, including setting goals, developing strategies, and ensuring team alignment with organizational objectives.

• Supervise, mentor, and train audit staff to enhance their skills and performance.

Audit Planning:

• Develop and implement a comprehensive annual audit plan based on risk assessment and organizational priorities.

• Ensure that the audit plan covers all significant areas of the organization’s operations.

Risk Assessment:

• Identify and assess areas of significant business risk.

• Evaluate the effectiveness of the organization’s risk management processes and internal controls.

Audit Execution:

• Oversee the execution of audit engagements, including planning, fieldwork, and reporting.

• Ensure audits are conducted in accordance with professional standards and internal policies.

Reporting and Communication:

• Prepare and present audit reports to senior management, the audit committee, and the board of directors.

• Communicate audit findings and recommendations to stakeholders, ensuring clarity and actionable insights.

Compliance and Governance:

• Ensure the organization complies with relevant laws, regulations, and internal policies.

• Assess the adequacy of the organization’s governance framework and make recommendations for improvement.

Internal Controls:

• Evaluate the effectiveness and efficiency of internal controls and business processes.

• Recommend improvements to enhance operational effectiveness, reduce costs, and mitigate risks.

Follow-Up:

• Monitor and ensure the timely implementation of audit recommendations.

• Conduct follow-up audits to verify that corrective actions have been taken.

Stakeholder Engagement:

• Build and maintain effective working relationships with management, the audit committee, and external auditors.

• Collaborate with other departments to support organizational objectives and improve internal processes.

Continuous Improvement:

• Stay updated with industry best practices, regulatory changes, and emerging risks.

• Continuously improve the internal audit methodology and tools to enhance the audit function’s effectiveness.

Budget Management:

• Manage the internal audit department’s budget and resources efficiently.

• Ensure the department operates within its allocated budget while achieving its objectives.

Ethics and Integrity:

• Promote a culture of ethics and integrity within the organization.

• Ensure that the internal audit function operates independently and objectively.

Special Projects:

• Lead or participate in special projects or investigations as required by senior management or the audit committee.

• Provide advisory services to management on governance, risk management, and internal control matters.