Job Description
Job Responsibilities 1
Develop the department strategy in line with the Company strategy to ensure vertical alignment and horizontal integration with other interfacing strategies across the Company.
Ensure that related strategic plans are developed and implemented and aligned with the vision and mission of the Company.
Oversee the development and implementation of policies, procedures and controls covering all areas of the function so that all relevant procedural/legislative requirements are fulfilled while delivering a quality, cost-effective service to stakeholders.
Oversee the consolidation and recommends the department budget and monitors financial performance versus the budget so that the business is aware of anticipated costs/revenues, areas of unsatisfactory performance are identified, and potential areas of cost reduction or performance improvement opportunities are capitalized upon.
Attend Audit Committee, Board and EXCOM meetings as required, including presenting on requested topics and participating effectively.
Provide assurance to the Board of Directors and the Audit Committee on the adequacy and effectiveness of controls and compliance with approved operational policies and procedures covering the different functional areas through maintaining a high level risk assessment, recommending effective corrective actions, while submitting periodical reports regarding the various aspects of non-compliance.
Establish risk-based plans to determine the priorities of the internal audit activity, in it being consistent with strategic business goals and objectives, and to ensure that a disciplined approach to controlling risks is maintained.
Organize, plan, and implement audit assignments in the context of assurance and consulting services to the Company.
Review assignment plans and working papers and reports prepared by Internal Auditors to ensure compliance of the same with all pre-defined rules and regulations.