Senior Manager Internal Audit Dubai UAE

Position: Senior Manager Internal Audit

Date posted: 2023-07-27

Industry: other

Employment type: Full Time

Experience: 3 to 5 year

Qualification: Bachelor’s Degree holder

Salary: AED 5000 to 10000

Location: Dubai, United Arab Emirates

Company: Confidential

Description:

Senior Manager Internal Audit

Location – Dubai, UAE

Job Summary:

Help accomplish objectives by bringing a systematic and disciplined approach to evaluating and improving the effectiveness of risk management and control. The ideal candidate will be responsible for organizing and conducting various types of audits including: operations, management, financial, and compliance. This position acts as an advisor to senior management teams on financial operations, performs financial and management information reporting analyses, and conducts business operations analysis.

Job Description:

• Implement Risk Assessment & Management system:
• Identify and assess areas of significant business risk. Manage & reduce all business and financial risks through effective implementation and monitoring of controls
• Develop, implement and maintain internal audit policies and procedures in accordance with local and international best practice.
• Ensure complete, accurate and timely audit information is reported to Management. Issue all Internal Audit reports ensuring the reports are clear, concise, identify root causes with practical solutions, and ultimately provide value to management.
• Implementation a robust risk management system and Risk Register across the organization

Act as an advisory to the management:

• Actively participate in executive management meetings and/or committees to ensure that Internal Audit is well informed of key business developments that could have an impact on audit priorities and/or plans
• Proactively inform senior management of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention
• Lead and guide internal audit team & conduct period audits across retail, clinics, medical center & all support functions:
• Analyze and review store accounting, inventory management, transaction records, insurance claim management, reconciliation etc. to detect issues and recommend corrective measures to minimalize business losses.
• Investigate and report to the Management on activity reported through ESPC (Ethics & Safety Preservation Council) processes and assist in investigations.
• Manage the process to track, follow-up, and ultimately close all open audit issues leveraging the Audit Committee, if necessary.
• Assess the design and effectiveness of internal controls and compliance with corporate policies and procedures, including assessing the reliability of information used in control performance.
• Recommend organization-wide training based on gaps identified to ensure adherence to practices and policies.
• Ensure that Internal Audit is performing its work in accordance with established professional standards and remain abreast of emerging trends and best practices that can be incorporated into the function.
• Monitor SOP implementation and red flag deviations