Head of Internal Audit

MVC Resources; Petaling Jaya; On-site; MYR 120,000 - 180,000; Full time

Job summary

MVC Resources is seeking a Head of Internal Audit in Petaling Jaya, Malaysia. The role leads independent assurance across fleet, shore operations and corporate functions, ensuring effective governance, risk management and internal controls.

The incumbent will oversee strategy, annual audit plans, and board reporting, while driving continuous improvement and a combined assurance approach with cross-functional partners. Strong leadership and 10+ years in internal audit are required.

Qualifications

• Bachelor's degree in Accounting, Finance, Business or related field.
• Professional qualification CIA/ACCA/ICAEW/CPA/CA or equivalent; CISA/CFE/CRMA is an advantage.
• At least 10 years in internal audit, risk or assurance, incl. 3 years in a senior/head-of-function role.
• Experience in shipping, marine, oil and gas, logistics or asset-intensive industries preferred.
• Working knowledge of COSO, enterprise risk management and Malaysian regulatory environment.
• Experience reporting to Audit Committee or board.

Responsibilities

• Develop and maintain the internal audit charter, strategy and annual risk-based audit plan.
• Maintain independence and direct access to the Audit Committee with private sessions.
• Report audit results, key risks, trends and remediation status to Audit Committee.
• Ensure IIA standards and Malaysian regulatory requirements are followed.
• Lead audits across vessels, chartering, contracts, procurement, and IT systems.
• Conduct onboard and port-based audits; travel to vessels and overseas locations as needed.
• Perform special reviews and investigations including fraud matters.
• Assess anti-bribery, related-party and conflict-of-interest risks.
• Support ERM framework and advise on control design for new systems and processes.
• Introduce combined assurance with risk, compliance, legal, and external auditor.
• Track findings to closure and report performance, resourcing and quality.
• Use analytics and automation to widen coverage and improve audit quality.

Skills

Leadership

Data analytics

Stakeholder management

Education

Bachelor's degree in Accounting, Finance, Business or related field

CIA/ACCA/ICAEW/CPA/CA or equivalent qualification

CISA/CFE/CRMA is an advantage

Job description

Petaling Jaya, Malaysia | Posted on 10/29/2026

The Head of Internal Audit leads an independent, objective assurance and advisory function that helps the company protect and grow its business. The role provides the Board and Audit Committee with confidence that governance, risk management and internal controls across the fleet, shore operations and corporate functions are effective, and drives continuous improvement in how the company manages risk.

Key Responsibilities

Strategy and Governance

• Develop and maintain the internal audit charter, strategy and annual risk-based audit plan, and obtain Audit Committee approval.
  
• Maintain independence and direct, unrestricted access to the Audit Committee, with regular private sessions without management.
  
• Report audit results, key risks, trends and the status of remediation to the Audit Committee and senior management.
  
• Ensure the function operates in line with the IIA Global Internal Audit Standards and Malaysian regulatory and listing requirements where applicable.
  

Audit Execution

• Lead assurance audits across vessel operations, chartering and commercial contracts, procurement and supply chain, fuel and bunker management, dry-docking and maintenance, finance and treasury, HR and payroll, and IT systems.
  
• Conduct onboard and port-based audits, including travel to vessels and overseas locations as required.
  
• Perform special reviews and investigations, including suspected fraud, misconduct and whistleblowing matters.
  
• Assess anti-bribery and corruption controls, including Section 17A of the MACC Act, and related-party and conflict-of-interest risks.
  

Risk and Control Advisory

• Support the enterprise risk management framework by providing independent assurance on risk identification and mitigation.
  
• Advise management on control design for new systems, processes, contracts and business initiatives.
  
• Introduce a combined assurance approach with risk, compliance, legal, HSEQ and the external auditor.
  

Follow-Up and Reporting

• Track audit findings to closure, escalating overdue or high-risk items to senior management and the Audit Committee.
  
• Present clear, practical reports with root causes, impact and agreed action plans.
  
• Report periodically on the function's performance, resourcing and quality.
  

Technology and Innovation

• Use data analytics, continuous auditing and automation to widen coverage and improve audit quality.
  
• Review IT general controls, cybersecurity and data governance in coordination with IT and specialist co-source partners.
  

Requirements

• Bachelor's degree in Accounting, Finance, Business or a related field.
  
• Professional qualification such as CIA, ACCA, ICAEW, CPA, CA or equivalent. CISA, CFE or CRMA is an advantage.
  
• At least 10 years of relevant experience in internal audit, risk or assurance, including 3 years in a senior or head-of-function role.
  
• Experience in shipping, marine, oil and gas, logistics or other asset-intensive industries is strongly preferred.
  
• Working knowledge of corporate governance, COSO, enterprise risk management and the Malaysian regulatory environment.
  
• Experience reporting to an Audit Committee or board.