Manager of Internal Audit Department

Duties and Responsibilities

Lead the development enhancement approval and implementation of a risk-based Internal Audit Plan aligned with Muscat Stock Exchange s strategic objectives risk profile regulatory requirements and Audit and Risk Committee priorities Develop an annual training plan for Internal Audit Department personnel ensuring alignment with the organization-wide learning and development initiatives and focusing on competencies knowledge and skills required for the department to effectively discharge its responsibilities Ensure effective coordination between External Auditors and the Internal Audit Department to maximize reliance on audit work enhance assurance coverage and minimize duplication of effort Keep the Audit and Risk Committee continuously informed of changes in the internal control environment governance practices emerging risks and developments in internal auditing standards and leading practices Provide written confirmation to the Chairperson of the Audit and Risk Committee at least annually regarding the organizational independence of the Internal Audit function Provide independent and objective advice to the Audit and Risk Committee and Executive Management to strengthen governance risk management internal controls and decision-making processes Oversee the execution of independent audits and objective reviews of Muscat Stock Exchange activities operations systems financial processes assets and workforce-related activities to assess the adequacy and effectiveness of governance risk management and internal controls Review unaudited quarterly financial statements and assess the reliability accuracy completeness and integrity of financial and operational reporting processes Evaluate the design implementation and operational effectiveness of internal controls policies procedures and operating systems to ensure compliance with applicable laws regulations internal frameworks and professional standards Identify control weaknesses governance gaps operational inefficiencies and emerging risks and recommend practical corrective actions to strengthen controls improve efficiency and reduce risk exposure Oversee reviews of business processes operational procedures and regulatory compliance practices to ensure adherence to legal requirements internal regulations approved procedures and corporate governance obligations Monitor the implementation of agreed corrective actions audit recommendations and management action plans to ensure timely and effective resolution of identified issues Coordinate and share relevant risk and control information with the Risk and Compliance Department and other assurance providers as appropriate while maintaining Internal Audit s independent reporting and escalation responsibilities Escalate significant issues material risks interference with audit activities resource limitations or any matters affecting the independence effectiveness or objectivity of the Internal Audit function to the Audit and Risk Committee where necessary Safeguard the organizational independence and professional objectivity of the Internal Audit function and ensure that audit activities remain free from management interference conflicts of interest or operational responsibilities that may impair professional judgment Confirm annually to the Audit and Risk Committee the organizational independence of the Internal Audit function and disclose any actual potential or perceived impairments Ensure unrestricted access to records systems data personnel assets premises and information necessary to perform internal audit activities while maintaining confidentiality and safeguarding sensitive information Coordinate with External Auditors regulatory authorities the State Audit Institution and other assurance providers to enhance assurance coverage minimize duplication of effort and improve oversight effectiveness Prepare and submit audit reports regulatory information and required disclosures to Oman Investment Authority regulatory authorities and authorized stakeholders while complying with governance and confidentiality requirements Monitor emerging risks market developments regulatory changes professional trends and best practices in internal auditing and provide relevant insights and recommendations to Management and the Audit and Risk Committee Oversee the development and periodic update of the Internal Audit Charter audit strategy methodologies policies procedures manuals quality assurance frameworks…