Internal Audit Manager

Job Brief:

Examine Emkan's internal controls, governance and operational policies, processes and procedures to detect deficiencies in conformance with the applicable global internal audit standards and regulatory auditing principles.

Job Responsibilities:

• Contribute to the development of annual business plans for the assigned areas of responsibility to support the achievement of financial and strategic objectives.
• Contribute to the development and execution of Internal Audit short to mid-term plans to ensure alignment with the function's strategic priorities, and the corporate goals.
• Manage the activities and work performed by direct reports and peers to ensure that it is carried out in an efficient and effective manner, in line with the annual business plans, and departmental policies and procedures.
• Contribute feedbacks on Internal Audit unit structure to meet the business needs.
• Supervise the implementation of the Internal Audit policies, systems, processes, procedures and internal controls to deliver a high quality, cost-effective service in a consistent manner.
• Identify potential areas of improvement, to support an efficient and effective operation and contribute towards the continuous improvement of existing policies, processes and procedures by collating inputs from the team, identifying and recommending improvements.
• Coordinate on quality execution of audit engagement in conjunction with Quality Assurance unit and implement corrective plan if any.
• Ensure preparation of reports in a timely and accurate manner to meet the departmental requirements.
• Responsible for confidentiality of EMKAN's during employment with EMKAN.
• Collect all relevant function-related documents (e.g. business policies, processes, procedures) for review and develop an independence statement in preparation for the management audit exercise.
• Inspect business documentations, systems, processes and internal controls to identify any deviations from the policies, procedures and regulatory requirements as well as assess potential areas of improvements.
• Draft a management audit plan per function in coordination with relevant stakeholders and in alignment with the overall Internal Audit plan; this includes the identification of required workshops and site visits.
• Conduct discussions and meetings with key stakeholders to obtain additional required information and arrange field visits as and when needed.
• Develop a management audit report that highlights non-compliance cases that need improvement as well as recommendations and improvement plans related to inadequate, inefficient and/or ineffective operational internal controls, policies, processes and procedures.
• Follow up and review the action plan progress on a regular basis and liaise with concerned stakeholders to ensure that the improvement plan activities are being executed in a timely and accurate manner.
• Liaise with External Auditors & regulators to provide necessary information as and when needed in a timely and accurate manner.
• Contribute to the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.
• Assist in the preparation of timely and accurate statements and reports to meet department requirements, policies and quality standards.
• Contribute to the development of the overall Internal Audit charter by owning the identification of the Management Audit function's objectives, scope and responsibilities in alignment with the corporate strategy.
• Assess the impact of the charter on Emkan Code of Ethics, identify impacted areas and amend the Code of Ethics as needed in alignment with applicable standards and regulations.
• Keep abreast of latest management audit trends and standards and identify ways to apply them at Emkan for continuous improvement.
• Prioritize the various functions to be audited from a management perspective based on the review of previous internal management audit reports, Emkan risk register and the expected external management audits that will be conducted.
• Contribute to the development of the overall Internal Audit plan by owning the identification of the functions to be audited, the type and frequency of management audits and the resources required to conduct the management audit engagements.
• Adherence to all regulations and control function within Emkan in order to ensure that governance, audit, risk and compliance matters are carried out.
• Fully adhere to the cybersecurity policies, processes, standards and regulations.
• Ensure alignment and adherence to all SAMA requirements and regulations.

Qualification and Experience:

• Bachelor's degree in Finance, Business Administration, or any other relevant field (Master's degree is preferred).
• Professional Certification in Audit
• Minimum of 6-8 years of relevant experience in Internal Audit Function.