Investment Unit Audit Team Leader

Job Purpose

The role holder is responsible for implementing plans for Investment Audit processes within the Company in a professional and organised manner, also personally undertake responsibility for sophisticated and complex areas and manage the team to display high standards of performance during audits. The role holder shall carry out his duties in accordance with the stipulated business policies and procedure.

Job Responsibility

• Participates in the development and implementation of the Investment Audit plans, in line with the corporate objectives.
• Directs and manages the Investment Audit mandates, providing leadership and facilitating work processes in order to achieve high performance standards.
• Interprets and implements change in the Investment Audit providing guidance and support, necessary for continuous improvement.
• Ensures compliance with organizational policies, procedures and quality standards in the Investment Audit.
• Leads the provision of inputs and contribution to the development of a comprehensive audit plan for the focus areas by coordinating with concerned stakeholders to identify key business areas, key functional areas and key risk areas which support the business and audit strategy.
• Leads the Investment unit auditing process on corporate level including all functions under the related units.
• Provides audit recommendations that contribute to revenue maximization, cost saving and identifying missed opportunities.
• Leveraging on the continuous audit to monitor control effectiveness of business unites through control identification, coordination with CA team, verification, and communicating the results with relevant stakeholders.
• Provides professional consultancy services to audit client.
• Develops comprehensive Investment unit audit plans and budgets to facilitate effective project management of various audit engagement projects.
• Leads the research and presentation of proposals for new Internal Audit standards and policies, especially those relating to the Investment unit audit.
• Ensures audit capabilities and skills are expanded and updated with new internal Audit standards and best practices.
• Communicates any red flags to special audit and Supports the investigation in any related cases or any needed information.
• Develops standards of performance for own area of focus and monitors the performance of team members during audit engagements to ensure these standards are maintained.
• Reviews business systems to help create effective internal controls in accordance with professional auditing standards and international best practices.
• Reviews and evaluates the impact and relevance of results on the audited entities to ensure clear and correct representation of findings
• Delivers completed audits and audit reports to the concerned stakeholders.
• Follows-up on the corrective actions taken after the issue of audit recommendations and comments.
• Develops and delivers awareness presentations, on areas of focus, to the concerned stakeholders.
• Coordinates and liaisons with external auditors and other key external bodies.
• Provides Investment unit audit services on coordination with Subsidiaries Audit & Quality unit for stc group auditing.
• Defines goals and key performance indicators for members of the team and ensures effective application of the stc performance management process.
• Directs planning and selection of manpower in the Investment Audit, in line with the business and operational plans.
• Ensures high level of employee engagement and capability development by providing on-going feedback and coaching team members within the Investment Audit.
  
  

Job Responsibility (cont.)

Years Of Experience

A minimum of 6 years of relevant experience with at least 3-4 years in a similar role

Nature Of Experience

Prior experience in assessing business units in telecommunication industry

Job Band

Managerial

Skills

Knowledge of KSA regulatory environment and context

Knowledge of audit standards, processes and practices related to aspects like audit planning, audit execution, audit reporting etc…

Knowledge of auditing processes and internal control systems

Knowledge of financial and accounting practices, policies and procedures

Knowledge of telecom technological disciplines auditing principles and practices

Business and financial acumen skills

Negotiation and persuasion skills

Analytical, quantitative and conceptual skills

Problem solving and conflict resolution skills

Communication and presentation skills

Practical innovation & critical thinking skills

Education

Bachelor Degree in Business Administration or Finance

Additional Education

Certifications

Certified Internal Auditor (CIA)

Qualification in Internal Audit Leadership (QIAL)