Position Overview
The Internal Audit Manager is responsible for leading the internal audit function, delivering independent assurance and advisory services to enhance governance, risk management, and internal controls across Hafeet Rail's operations. The role supports the organization in achieving its strategic objectives by identifying risks, improving processes, and ensuring compliance with applicable regulations and industry best practices within the rail and infrastructure sector.
Responsibilities
- Develop and implement a risk-based internal audit plan ensuring coverage of key business processes and high-risk areas.
- Conduct periodic risk assessments to identify emerging risks and adjust audit priorities accordingly.
- Lead and manage end-to-end internal audit engagements, including planning, fieldwork, testing, documentation, and reporting.
- Perform detailed testing of controls to assess their design and operating effectiveness across operational, financial, and compliance areas.
- Execute audits covering core functions such as operations, maintenance, procurement, contract management, finance, and capital projects.
- Evaluate the adequacy and effectiveness of internal control frameworks, including Internal Controls over Financial Reporting (ICFR).
- Identify control deficiencies, process inefficiencies, and instances of non-compliance, and determine root causes of issues identified.
- Prepare clear, concise, and high-quality audit reports outlining findings, risks, and actionable recommendations.
- Present audit results and key risk areas to senior management and the Audit Committee.
- Monitor and track the implementation of agreed audit recommendations through structured follow-up reviews.
- Maintain accurate and complete audit documentation, including working papers and supporting evidence.
- Ensure all audit activities are conducted in accordance with internal audit methodologies and professional standards (IPPF, COSO).
- Coordinate with external auditors to align audit efforts and support external audit requirements where necessary.
- Review and validate compliance with internal policies, procedures, and applicable regulatory requirements.
- Supervise and review the work of audit team members to ensure quality, accuracy, and timely completion of assignments.
- Support continuous improvement of audit processes, tools, and methodologies to enhance audit effectiveness.
Qualifications & Experience
- Bachelor's degree in Accounting, Finance, or related field.
- Master's degree is preferred.
- Professional certification required (e.g., CIA, CPA, ACCA, or CISA).
- Minimum 15 years of experience in internal audit or external audit.
- Strong experience in risk-based auditing, internal controls, and compliance audits.
- Experience in infrastructure, transportation, or large-scale operations is preferred.
Key Skills & Competencies
- Strong analytical and problem-solving skills with attention to detail.
- Excellent communication and stakeholder management skills.
- Proven leadership and team management capabilities.
- Ability to deliver practical, business-focused recommendations.
- Experience with data analytics tools and audit software.
- High level of integrity, professionalism, and ethical standards.
