Chief Audit Executive (for a client)

The Chief Audit Executive will oversee the entire audit process, ensuring effective risk management, operational control, financial reliability, and compliance with all relevant directives and regulation.

He/ She will report to the MD/ CEO and Chairman, Board Committee.

Responsibilities

• Lead a team to align audit scope and procedures with key factors impacting company performance.
• Review internal audit and regulatory compliance reports and monitor the implementation of key recommendations.
• Provide management feedback on audit reports to be published.
• Drive continuous audit process improvement.
• Identify the range of factors that can influence the perception of risk.
• Provide advice to the business around fraud risks and controls.
• Identify loopholes and recommend risk aversion measures and cost savings.
• Implement risk-related technology plans.
• Develop team capability on the effective application of risk- based audit practices.
• Approve and coordinate investigations into suspected fraudulent practices and determine/recommend the appropriate line of action in response to findings.
• Supervise the design and building of control frameworks in business processes and systems.
• Review and approve audit policies in concert with key stakeholders based on business strategies and audit risk factors.
• Formulate organization’s compliance programmes and compliance strategies to incorporate relevant legislative and regulatory requirements and adapt to changing regulatory environment.
• Oversee internal audit’s participation in critical business and IT initiatives and projects ensuring that audit’s perspective is effectively voiced, and appropriate controls are designed and implemented on a proactive basis.
• Stay abreast of emerging industry trends and changing regulatory guidelines to enable the development and implementation of appropriate control measures and monitoring mechanism as well as their continuous update / revision.

Qualifications

• First degree in Accounting, Economics, or related discipline.
• Relevant professional certification (ACA, ACCA, CIA, CISA).
• 15+ years Internal Audit experience in a reputable organisation, with at least five (5) years at managing the strategic direction of a Business risk unit.
• Knowledge of the role of Internal Audit methodologies in corporate governance and its key relationships with the Board, Board Committees (e.g. Audit Committee) and Executive Management.
• Working knowledge and demonstrated experience in the use of accounting packages and systems, including ERP.
• Excellent knowledge of fraud detection and control techniques.
• Good knowledge of best control practices, auditing/ accounting standards, internal auditors’ code of ethics and other related guidelines.
• Strong leadership and people management skills.
• High integrity and ethical standards.