DUTIES AND RESPONSIBILITIES
As Head, Internal Audit, your duties will include but not limited to the following duties allocated to you: -
Lead audits with high level of complexity, assignment teams (including internal or external resources) to deliver high quality and impactful audits. These assignments will usually be focused on high-risk audit areas which could have a significant impact on Group\'s performance and/or reputation.
Be confident in sharing a clear opinion on a broad range of risks be a clear owner of the outcome of audits, including sharing key lessons and insights with the relevant leadership population (including the Executive). Will lead peers as well as teams more junior and so will need to build rapport quickly and effectively to develop good, strong relationships with others.
In collaboration with senior management and the audit committees, develop a comprehensive and flexible audit plan using an appropriate risk-based methodology. Where appropriate, corporate risks and priorities should be reviewed, validated, and provided to the audit committees for review and concurrence.
Develop and implement a comprehensive audit program for evaluating the adequacy and effectiveness of the company's system of internal control and the quality of performance in carrying out assigned responsibilities.
Examine and evaluate the adequacy and effectiveness of the company's system of internal control and the quality of performance in carrying out assigned responsibilities.
Implement the audit plan, including, as appropriate, any special tasks or projects requested by management or the audit committees.
Prepare periodic reports to management and, as appropriate, to the audit committees providing information on the status and results of the audit plan and the sufficiency of audit department resources.
Manage, recruit and develop a professional audit staff with sufficient knowledge, skills, experience and professional certifications to meet the Company's audit requirements.
Issue periodic reports to the audit committees summarizing results of audit activities and significant findings.
Promote high levels of ethical awareness and conduct within the company and administer independent investigations of potential ethical problems or conflicts of interest. Notify management and the audit committees of the findings, as appropriate.
Prepare periodic reports for management and, as appropriate, for the audit committee on significant issues related to internal control processes to ensure that these processes are appropriate for the current and evolving environment and to provide information concerning such issues through resolution.
Coordinate audit activities with those of the external auditors to ensure proper audit coverage, elimination of duplication of effort, and improvement in the efficiency and effectiveness of audit activities.
Proactively interact with executive, business unit and operating company management to ensure that their audit and business-risk management needs are met cost-effectively.
Where appropriate, provide an independent assessment of business management's view on risk and associated control effectiveness and evaluate the adequacy and effectiveness of business risk management processes and programs.
Promote business unit and operating company ownership of internal controls and support objective business risk management within the Company.
Ensure the Internal Audit departments compliance with the IIA Code of Practice and Code of Ethics.
Develop, coordinate and provide oversight over the Annual Audit Process, the overall Audit Methodology and the overall Audit Function Management.
Develop, coordinate and provide leadership over the internal Quality Assurance and Improvement Program.
Develop, grow and manage a pool of talent through the Internal Audit Competency Framework.