Director of Internal Audits

i2c Inc; Lahore; On-site; PKR 1,674,000 - 2,232,000; Full time

Job summary

i2c Inc in Lahore seeks an experienced Internal Audit Manager to oversee the audit function and ensure all major risks are identified and managed effectively. The successful candidate will have a minimum of 15 years of experience and relevant professional certifications. Responsibilities include planning internal audit activities, driving the development of SOPs, and reporting to management. The role requires a deep understanding of compliance, regulations, and risk management while promoting continuous improvement and assurance within the organization.

Qualifications

• Minimum 15 years of experience in internal auditing or related field.
• Professional certifications: Certified Internal Auditor or Certified Information Systems Auditor.

Responsibilities

• Work with management to ensure risk identification and management.
• Plan and implement internal audit activities.
• Prepare minutes of GRCC meetings and follow-up plans.
• Drive development of Standard Operating Procedures.
• Manage internal audit team and ensure compliance with standards.
• Report on internal audit activities to GRCC and management.

Skills

Working experience in the International Professional Practices Framework

Knowledge of compliance & regulations

Knowledge of reporting procedures, regulations, and law

Demonstrates competence and due professional care

Aligns with organizational strategies and objectives

Demonstrates quality and continuous improvement

Education

Master's in management sciences/Accounting/Finance/Fellow Chartered Accountant (FCA)/Associate Chartered Accountant (ACA)

Job description

• Work with management to ensure a system is in place which ensures that all major risks are identified, analyzed, and acted upon in an agile manner.
• Plan and implement internal audit activities to provide assurance, insight, and advice to the management under supervision of the GRCC.
• Provide and review follow-up plans for all audits performed and discuss in the GRCC meetings along with their score ratings.
• Prepare and circulate minutes of meetings of the GRCC to relevant stakeholders.
• Prepare and maintain a charter for internal audit that is periodically reviewed and approved by the GRCC.
• Drive the development of Standard Operating Procedures (SOPs) throughout the organization, including the development and documentation of key risk controls.
• Manage the direction and leadership of the Internal Audit team and ensure all aspects of the internal audit function operate at the highest levels.
• Ensure that Internal Audit practices are either aligned with or an improvement on the profession’s standards and guidelines given by the Institute of Internal Auditors.
• Deliver effective and clear audit reports. Ensure that audit issues are well-defined, root causes are identified, and recommendations for improved internal controls and processes are communicated appropriately. As needed, provide leadership for the development and implementation of corrective action plans.
• Provide clear and concise oral and written communications details of the Audit programs, objectives, and findings to senior management, external auditors (ISO Audits as well), audited subjects, and regulatory authorities.
• Coordinate internal audit efforts with the Company's external auditors to ensure the most cost-effective audit coverage.
• Manage the enterprise risk management (ERM) program and ensure top risks are assessed and adequate mitigation steps are in place.
• Ensure that Internal Audit function (a key element of i2c’s enterprise-wide risk management approach) interfaces with other risk and oversight functions to ensure optimal coverage of i2c's key business risks.
• Maintain an independent yet supportive in-house assurance capability that provides comfort to i2c's management and the GRCC as to the company's overall control environment.
• Report to both the GRCC and management on the policies, programs, and activities of the department.
• Review all key functions, report on the findings, make recommendations on systems and procedures, and monitor management's response and implementation of recommended controls/remediation measures.
• Review and report on the accuracy, timeliness and relevance of financial and other information that is provided to management.
• Oversee regular audits of various business functions to ensure their procedures comply and align with industry best practices and security standards.
• Raise Risk and Security awareness within the organization through training sessions and published materials.

Education

Master’s in management sciences/Accounting/Finance/Fellow Chartered Accountant (FCA)/Associate Chartered Accountant (ACA)

Experience

Min 15 Years

Professional certifications

Certified Internal Auditor/Certified Information Systems Auditor

Skills

• Working experience and Knowledge of the International Professional Practices Framework of the Institute of Internal Auditors.
• Interest and deep knowledge of compliance & regulations.
• Knowledge of a variety of reporting procedures, regulations and law.
• Demonstrates competence and due professional care.
• Aligns with the strategies, objectives, and risks of the organization.
• Demonstrates quality and continuous improvement.