Head of Internal Audit

Head of Internal Audit - Real Estate/ Properties

Reports to Board of Directors, Dotted line reporting to CEO

To establish and direct the development of Internal Audit policies & procedures and scope of internal auditing that includes efficacy of operations , reliability of financial reporting, deterring and investigating fraud, safeguarding assets and compliance with laws and regulations.

• Establishes internal audit policies and procedures including the reporting templates for conducting and reporting audits in compliance with international standards and legal requirements .
• Establishes and communicates the scope and objectives for the audit to CEO and BOD.
• Draws up an annual audit plan covering all auditable area of business in consultation with CEO and BOD based on risk assessments.
• Directs a broad and comprehensive audit of all sections of the business to ensure all resources are effectively, efficiently and economically managed.
• Plans and ensures proper execution of financial and operational internal audit assignments, including coordination with functional heads.
• Prepares periodic reports for the BOD on significant issues related to internal control processes to ensure its appropriateness with the business environment.
• Determines accuracy, reliability and fairness of information of financial data at ICT.
• Identifies the key risks facing the business activities within the defined scope of audit.
• Directs and oversees financial audits to analyze the quality and effectiveness of internal operating and administrative procedures and reports significant actual or potential control weaknesses.
• Reports suspected instances of conflicts of interest and unethical conduct and negotiates action plans with BOD/management to address the issues.
• Recommends an efficient and comprehensive program of internal control based on the audit findings.
• Plans and conducts special investigations as directed by the BOD.
• Maintains effective business relationships with the UAE Central Bank and External Auditors.
• Provides timely, efficient, and effective audit updates on issues, opportunities and recommendations to the BOD and CEO.
• Oversees any outsourced internal audit activities as needed from time to time.
• Ensures audit team is adequately staffed with qualified team members.
• Manages employees in the internal audit division in performing their delegated tasks and nominate employees for appropriate training.
• Performs any other relevant task as directed by BoD and CEO.

A Certified Internal Auditor (CIA) or Chartered Accountant (CA) or Certified Public Accountant (CPA) or equivalent