Chief Internal Audit Officer

Oman Investment Authority; Muscat; On-site; OMR 60,000 - 120,000; Full time

Job summary

Oman Investment Authority seeks a Chief Internal Audit Officer (CIAO) to lead OOMCO's internal audit function, delivering independent assurance over controls, governance, risk management, and compliance. You will report to the Audit Committee and work with executives to drive corrective actions and strategic insights.

As CIAO, you will design five-year audit plans, oversee annual audits, coordinate with regulators, and mentor a high-performance team, ensuring objectivity and value-adding

Qualifications

• 16 years in Internal/External Audit with 8+ years in senior leadership.
• Proven experience leading an Internal Audit function and reporting to Audit Committee.
• Experience with board and audit committee agendas and presentations.

Responsibilities

• Lead development of a 5-year Internal Audit strategic plan for Audit Committee approval.
• Oversee annual Internal Audit plan development and approval.
• Oversee end-to-end audit engagements from planning to reporting.
• Coordinate engagement with external auditors and regulators.
• Report audit results to Audit Committee and Executive Management.
• Oversee Internal Audit program delivering independent assurance and advisory services.
• Steer investigations and follow-up audits.

Skills

Enterprise Risk Leadership

Integrated Assurance

Data-Driven Auditing

Board Advisory

Regulatory Mastery

Ethical Leadership

Strategic Thinking

Executive Communication

Education

Bachelor's degree in Finance and Accounting

CIA/ACCA certification

Job description

Job Scope

The Chief Internal Audit Officer CIAO is accountable for providing independent objective leadership over OOMCO s internal audit function ensuring enterprise-wide assurance on the effectiveness of internal controls governance risk management and compliance The role provides assurance and strategic insights to the Audit Committee on control effectiveness audit outcomes and the status of corrective actions supporting sound governance and informed decision-making

Job Description 1 Internal Audit

Lead the development of a five-year Internal Audit strategic plan including the audit universe for Audit Committee approval ensuring ongoing relevance risk coverage and alignment with the Company s strategic priorities Oversee the development of the annual Internal Audit plan for deliberation and approval by the Audit Committee and oversee its disciplined timely and effective execution Oversee end-to-end audit engagements encompassing audit planning fieldwork analysis reporting and quality review in line with the approved annual audit plan Oversee and coordinate engagement with external auditors and external assurance and oversight bodies including the State Audit Institution and relevant regulators ensuring effective information exchange appropriate alignment of audit and assurance scopes timely and well-governed management responses and systematic tracking and closure of audit observations and corrective actions Lead the communication of all audit results outcomes and recommendations through clear concise reports and formal presentations to the Audit Committee and Executive Management Oversee the comprehensive Internal Audit program delivering independent assurance and value-adding advisory services to all OOMCO s business units while maintaining objectivity and independence Steer the special investigations and ad-hoc reviews as mandated by the Board of Directors the Audit Committee or Executive Management Oversee follow-up audits and action-plan monitoring reporting on the status adequacy and timeliness of management s remediation actions to the Audit Committee

Strategic Leadership

Oversee the design implementation and continuous enhancement of Internal Audit frameworks that ensure regulatory adherence and support sustainable business performance Advise Executive Management on regulatory developments industry trends and emerging risks impacting OOMCO business and sustainability proving strategic oversights highlighting gaps and recommending value-enhancing actions Steer all performance review meetings for the reporting divisions to ensure alignment with OOMCO s business objectives value creation agenda and long-term sustainability Represent OOMCO in key internal and external forums strengthening the company s profile partnerships and stakeholder relationships where relevant Cultivate strategic relationships with external partners regulatory bodies and internal executives Direct the development mentor and empowerment of employees while ensuring succession readiness and talent continuity Champion a culture of continuous improvement operational agility and long-term value creation Oversee division s budgeting processes monitor financial performance and ensure alignment with OOMCO priorities AB1 1 Embed innovation transformation and a culture of excellence accountability and ethical governance

Educational Qualifications

Bachelor s degree in Finance, Accounting, or an equivalent discipline is required. Professional Certifications in CIA (Certified Internal Auditor) or ACCA or equivalent are highly preferable.

Experience

16 years of experience in Internal/External Audit, preferable in publicly listed companies 8+ years in senior leadership roles. Proven experience in leading an Internal Audit function, including development of multi-year and annual audit plans and direct reporting to an Audit Committee. Strong exposure to Board and Audit Committee engagement, including preparation of agendas, minutes of meetings, and formal presentations.

Technical Competencies

• Enterprise Risk-Based Internal Audit Leadership
• Integrated Assurance & Governance Effectiveness
• Data-Driven & Continuous Auditing
• Board & Audit Committee Advisory
• Regulatory & IIA Standards Mastery
• Enterprise Control, Ethics & Compliance Oversight

Behavioural/ Leadership Competencies

• Decisive Leadership
• People Management
• Stakeholder Engagement
• Executive Influence and Advisory
• Strategic and analytical Thinking
• Executive Communication and Collaboration
• Ethical & Values-Based Leadership