Job Description
Internal Audit Department Manager
Job Purpose
To lead and establish an effective and independent Internal Audit Department, aligned with International Audit Standards (IIA), to provide objective assurance regarding the effectiveness of internal controls, risk management, and regulatory compliance. The role aims to support the company's growth and ensure the protection of its assets, with a particular focus on retail operations.
Key Duties and Responsibilities
Establishment and Development: Develop the organizational structure, charter, procedural manuals, and operating policies for the Internal Audit Department from the ground up.
Risk-Based Planning: Develop and implement a comprehensive and flexible annual audit plan based on a thorough analysis of operational, financial, and technical risks in the retail environment.
Audit Execution and Follow-up: Oversee all audit cycles (planning, field execution, reporting, and follow-up) to ensure quality, efficiency, and adherence to deadlines.
Talent Management and Leadership: Lead, mentor, train, and transfer knowledge and expertise to build a highly competent Internal Audit team. Communication and Reporting: Provide regular and transparent reports to senior management and the audit committee on audit findings, improvement recommendations, and the status of corrective action plans.
Strategic Partnership: Serve as a trusted partner to management, providing constructive advice to enhance the control environment without compromising independence.
Analysis and Critical Thinking: Analyze complex data and identify fundamental weaknesses in financial and operational processes, particularly in retail supply and inventory chains.
Essential Requirements And Qualifications
Education: Bachelor's degree in Finance or Accounting from a recognized university.
Overall Experience: A minimum of ten (10) years of total experience in auditing.
Management Experience: Including a minimum of three (3) years as an Internal Audit Manager in a large company.
Mandatory Professional Certifications: Certified Internal Auditor (CIA) designation.
Establishment Ability: Demonstrated ability and competence in establishing or restructuring internal audit departments.
Other Requirements And Preferred Skills
Sector Experience (Preferred): Previous and relevant experience in the retail sector and large companies of similar size and complexity. Additional Certifications (Preferred): Additional professional certifications such as:
Certified Public Accountant (CPA or CA)
Saudi Certified Public Accountant (SOCPA)
Soft Skills: Strong leadership and advanced skills in:
Leadership and team building
Effective communication and negotiation
In-depth analysis and critical thinking
Preparing professional reports and presentations
Technical Skills: Proficiency in using data analytics tools and modern financial systems (ERP systems)
Skills: jocpa,communication,analysis,cpa,report preparation,cia
