Senior Manager Internal Audit

Job Description

Roles & Responsibilities :

Position Overview:

The Senior Manager Internal Audit & Risk Management would be responsible for overseeing and managing a portfolio of audits & Risk Management. The role involves assessing internal controls, risk management processes, financial reporting, and ensuring compliance with legal and regulatory standards. This individual will play a critical role in safeguarding the companys assets, driving operational efficiency, and ensuring adherence to company policies and industry standards. The incumbent should have experience in managing a team of resources and presenting audit reports to top management. The role reports to Head of Audit.

Key Responsibilities:

Audit Planning & Strategy:

- Lead the development of the annual internal audit plan in collaboration with senior management, ensuring alignment with the organization&aposs objectives and risk profile.
- Lead discussions with management and senior stakeholders on Enterprise Risk Management
- Conduct risk assessments to identify key areas of concern and prioritize audits & risk activities accordingly.

Delivery:

- Lead a team of qualified Accountants to deliver the audits and ERM activities
- Perform audits of financial, operational, compliance, and IT-related areas in both the corporate and software-specific sectors.
- Evaluate the adequacy and effectiveness of internal controls, risk management practices, and corporate governance processes.

Compliance & Regulatory Oversight:

- Ensure the company complies with relevant local and international regulatory frameworks, GDPR (General Data Protection Regulation), and industry-specific standards.
- Monitor and report on the effectiveness of compliance programs and internal control procedures.

Reporting & Communication:

- Prepare detailed audit reports summarizing findings, risks, and recommendations
- Prepare, evaluate and present ERM plan & findings to Head of Audit & Risk
- Present audit results and provide actionable insights to Head of Audit & Risk
- Work closely with stakeholders to discuss audit results and drive the implementation of corrective actions.

Team Management:

- Lead and manage a team of risk professionals, ensuring proper allocation of resources and efficient execution of audits, risk activities
- Provide coaching, mentorship, and development opportunities for junior auditors to enhance their skills and performance.

Continuous Improvement:

- Identify areas for improvement in internal controls, audit processes, and risk management.
- Recommend and implement best practices to enhance efficiency and effectiveness in the internal audit function.
- Stay updated on industry trends, emerging risks, and new audit methodologies relevant to the software and GCC sectors.

Collaboration with External Auditors & Stakeholders:

- Act as the primary point of contact for external auditors and regulatory bodies during audits and reviews.
- Collaborate with other departments such as finance, legal, compliance, and IT to understand operational challenges and address audit findings.
- Regular interactions with senior leadership for ERM

Key Skills and Competencies:

- Strong understanding of internal audit methodologies, risk management, and corporate governance frameworks.
- Expertise in software development processes, IT controls, and security risk management.
- Strong analytical skills, with the ability to assess complex systems and identify control weaknesses.
- Excellent communication skills, both written and verbal, to communicate audit findings to senior management and stakeholders.
- Leadership capabilities to manage teams and drive cross-functional collaboration.

Knowledge of ERP systems, financial reporting tools, and audit software

Qualifications:

- Bachelors degree in accounting, Finance, Business, or a related field.
- CA/CIA/CPA/ICAEW or equivalent certification preferred.
- 15+ years of experience in internal audit & risk management, preferably in the software or GCC industries or Big 4 consulting companies
- Experience with risk-based auditing and knowledge of IT audit frameworks.
- Experience in auditing software development lifecycle or technology-driven processes is an advantage.

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