Senior Risk and Internal Audit Manager

Job Summary:

The Senior Risk and Internal Audit Manager assists with an independent, objective assurance and consulting services designed to add value and improve the execution of the duties across the business and financial operations of the Group; and ensures that Risk and Internal Audit are aligned with the industry best practices. This position has an overall responsibility for helping head of department in ensuring the effectiveness and adequacy of risk management, internal controls, and governance processes and ensuring that roles, responsibilities, and results are efficiently coordinated for optimizing the effectiveness of risk management, internal controls and overall governance of the Group.

Job Responsibilities (1):

• Maintain a motivated, engaged and competent team throughout Risk and Internal Audit, by properly communicating priorities and objectives, managing performance, and providing ongoing training to achieve department’s objectives.
• Assist the GCRIAO in developing and delivering a training program to all employees, targeting the elements of the compliance program and ensure organization-wide knowledge and compliance with pertinent federal and state standards.
• Resource planning and effectively leading Risk and Internal Audit team to ensure timely delivery of audit activities while taking into consideration the impact of resource limitation.
• Prepare and consolidate Risk and Internal Audit’s budget in line with PIH’s annual business plan with the directions of management.
• Prepare annual risk-based audit plan with a multi-year schedule and design the annual work plan reflecting the highest risks to be monitored as per the business needs and requirements.
• Prepare detailed audit programs and tailor them to each entity to ensure that appropriate tests or activities are carried and guarantee that the audit techniques employed would result in the accomplishment of the defined audit objectives and submit them for management approval.

Job responsibilities (2) :

• Closely monitor all audit activities including performance, financial, compliance and special audits in all business units within the Company to identify key risks and controls and ensure documentation of the testing according to departmental standards and the International Standards for the Professional Practice of Internal Auditing.
• Identify and address the key risks facing the Group, advise on the implementation of systems to minimize financial, operational and governance risks and initiatives to protect against fraud and theft of the organization's assets.
• Assist in establishing standards of performance for audit activities, constant monitoring against these standards, participation in technology initiatives and using data analytics to improve the quality of audits performed and increasing the department’s ability to serve management.
• Manage the audit team in the examination of financial statements to ensure accuracy, timeliness, and compliance with applicable standards and regulations and investigation of account books, statements, ledgers, and accounting systems to ensure efficiency and the use of accepted accounting procedures.
• Ensure that audit reports to be delivered to the leadership are complying with the provisions, taking into consideration root causes of compliance issues in findings and recommendations, provide management with suggestions on practical solutions that facilitate the decision-making process.

Additional Responsibilities:

• Assist in forming an objective opinion over the policies, systems, processes and procedures based on reviewsand observations to identify potential areas for improvement to ensure risk is mitigated in the best possible way.
• Ensure that all objectives, methodologies and expected results related to each Risk and Internal Auditassignment are achieved as communicated by the HoD with process owners and business units.
• Ensure proper implementation of the whistleblowing policy and suggest improvements that encouragestakeholders to report suspected fraud and other improprieties without fear of retaliation.
• Assist in providing direction for the development, implementation of and compliance with Risk and InternalAudit’s policies, systems, processes and procedures and identify potential areas of improvement to ensure asafe and risk-free environment.
• Review the compliance with all relevant HSE and QM policies, procedures and controls across Risk and InternalAudit, monitoring, reviewing and evaluating on a continuous basis to guarantee employee safety, legislativecompliance, delivery of high-quality service standards and a responsible environmental attitude.
• Advanced knowledge of risk management principles, internal control frameworks, and auditing standards toeffectively oversee risk and audit functions.
• Strong leadership and managerial skills to lead teams, develop strategies, and drive initiatives to mitigate risksand improve internal controls.
• Excellent analytical abilities to assess complex business processes, identify control weaknesses, and provideactionable recommendations.
• Effective communication and interpersonal skills to liaise with stakeholders, present audit findings, and facilitatediscussions on risk management.

Job Knowledge & Skills

• Advanced knowledge of risk management principles, internal control frameworks, and auditing standards toeffectively oversee risk and audit functions.
• Strong leadership and managerial skills to lead teams, develop strategies, and drive initiatives to mitigate risksand improve internal controls.
• Excellent analytical abilities to assess complex business processes, identify control weaknesses, and provideactionable recommendations.
• Effective communication and interpersonal skills to liaise with stakeholders, present audit findings, and facilitatediscussions on risk management.
• Strategic thinking and problem-solving skills to anticipate risks, develop proactive mitigation strategies, anddrive continuous improvement in risk and audit processes.
• ERP knowledge preferably SAP functional skills are a requirement to be successful in this role.

Job experience:

• Minimum 8 years working experience, 5 years in a relevant supervisory position, 2 years GCC experience is aplus

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