Jobs Accounting/Banking/Finance Jobs in Saudi Arabia in Saudi Arabia
Job Purpose:
Leads the activities of the internal audit function. This include to determine whether the ICIEC's risk management, IT, governance and internal control processes are adequate and ensures risks are appropriately identified and managed. The role holder will help the Corporation to implement its vision and mission by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes. He/she will also identify opportunities for process improvements and value addition to organizational activities in order to protect and safeguard the Corporation financial and physical assets, prevent waste, abuse and misappropriations of resources, whilst ensuring compliance with ICIEC and the Group's policies and procedures, all relevant regulations, laws, and standards.
Key Responsibilities:
Strategic & Operational Planning
* Involves with the formulation, development and implementation of the internal audit function's guidelines and strategy in support of ICIEC and IDB Group's goals and response to emerging key risk areas.
* Develops, implements and monitors the internal audit's business plans, KPIs, budgets and objectives by providing regular reporting of the function's activities and performance.
* Leads in the preparation, coordination and implementation of the yearly risk-based audit plan, in consultation with the IDB's Group Internal Audit Department.
* Facilitates effective utilization of audit time budget to help complete the annual audit plan by the year-end.
* Contributes to identifying new opportunities and initiatives that enable the Internal Audit function to increase its impact.
* Continuously monitors and tracks the on-going performance and quality of it services and outputs, identifying and initiating actions for improvement and innovation.
* Researches and reviews reference materials and background information on risk management methodologies as a basis to assess whether or not the process used by ICIEC is appropriate and represents best practices for the industry.
Audit Operations
* Technically leads audit assignments and perform risk assessment and prioritize risk areas to form the basis for annual audit plan.
* Communicates with the ICIEC's management including, among other relevant departments/division and functions, the risk management function in order to identify, assess and prioritise risk areas for audit planning purpose.
* Executes and implements agreed audit recommendations by maintaining relations with audited departments in order to obtain access to their documentation, reports, systems and personnel.
* Identifies and evaluates significant risk exposures in the normal course of operations.
* Determines whether appropriate risk of failure in the management processes are in place, adequate and effective, and recommend improvements and best practices.
* Provides assurance on whether ICIEC internal control and/or risk management process is sufficient to protect the assets and
Job Details
| Date Posted: | 2017-11-01 |
| Job Location: | Saudi Arabia |
| Job Role: | Accounting and Auditing |
| Company Industry: | Accounting/Auditing |
Preferred Candidate
| Career Level: | Mid Career |
jobs Head of Internal Audit - Islamic Development Bank (IDB)
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