Tender Details

The Head of Internal Audit od Concord holds a crucial role within an organization, responsible for overseeing and managing the internal audit function. This role ensures that an organization`s operations, financial reporting, and internal controls are efficient, effective, and compliant with relevant regulations and standards.

Job Responsibilities

• Strategic Planning: Developing an annual internal audit plan based on a comprehensive risk assessment to address key areas of concern and provide assurance on the organization's risk management processes.
• Risk Assessment and Management: Identifying and assessing risks that could affect the achievement of organizational objectives and recommending measures to mitigate those risks.
• Internal Audit Execution: Overseeing and conducting internal audits of various functions, processes, and departments to evaluate the effectiveness of internal controls, operational efficiency, and compliance with policies and procedures.
• Audit Methodology: Developing and implementing a consistent and effective audit methodology that aligns with industry standards and best practices.
• Team Management: Building and leading an internal audit team, including hiring, training, mentoring, and performance evaluations.
• Stakeholder Communication: Regularly communicating with executive management and the board of directors to provide updates on audit findings, recommendations, and the overall status of the internal audit function.
• Process Improvement: Recommending process improvements and enhancements to internal controls to streamline operations, reduce risks, and enhance the organization's governance framework.
• Regulatory Compliance: Ensuring that the organization is compliant with relevant laws, regulations, and industry standards, and that internal audit processes address these compliance requirements.
• Quality Assurance: Establishing and maintaining a quality assurance and improvement program to ensure the effectiveness of the internal audit function.
• Audit Reporting: Preparing detailed audit reports that outline findings, recommendations, and action plans for management's consideration and implementation.
• Continuous Learning: Staying updated on emerging trends, best practices, and changes in the regulatory environment that could impact the organization's risk profile and internal audit function.
• Ethical Standards: Upholding the highest ethical standards in conducting audits and maintaining the confidentiality and integrity of sensitive information.
• Technology and Data Analytics: Leveraging technology and data analytics tools to enhance the efficiency and effectiveness of the internal audit process.
• Collaboration: Collaborating with other departments, such as finance, legal, compliance, and IT, to ensure a coordinated approach to risk management and control.