Senior Risk And Internal Audit Manager

About the Role
The Senior Risk and Internal Audit Manager plays a critical role in providing independent, objective assurance and consulting services aimed at adding value and enhancing the operational effectiveness of the business and financial functions across the organization. This position is responsible for ensuring that Risk and Internal Audit practices align with industry best practices. The role involves facilitating the effectiveness and adequacy of risk management, internal controls, and governance processes, while efficiently coordinating roles and results to optimize the functioning of these areas within the Group.

Job Responsibilities

• Maintain a motivated, engaged, and competent team within the Risk and Internal Audit department by clearly communicating priorities and objectives, managing team performance, and providing ongoing training.
• Collaborate with the GCRIAO to develop and deliver a training program across the organization, focusing on compliance with relevant federal and state standards.
• Lead resource planning for the Risk and Internal Audit team, ensuring timely delivery of audit activities while managing resource limitations.
• Prepare and consolidate the Risk and Internal Audit budget in alignment with the organization's annual business plan, under management direction.
• Develop a comprehensive annual risk-based audit plan, including a multi-year schedule and an annual work plan that reflects business risks and requirements.
• Create detailed audit programs tailored to each entity, ensuring relevant tests and activities, and submitting these for management approval.

Additional Responsibilities

• Monitor all audit activities across the Group's business units, including performance, financial, compliance, and special audits, to identify key risks and controls, ensuring documentation is conducted per departmental standards and international auditing guidelines.
• Identify and address the primary risks facing the Group, offering advice on implementing systems designed to mitigate financial, operational, and governance risks, as well as initiatives to protect against fraud and asset theft.
• Establish performance standards for audit activities and continuously monitor against these standards, participating in technology initiatives and employing data analytics to enhance audit quality and departmental efficacy in decision-making.
• Oversee audit examinations of financial statements, ensuring accuracy, timeliness, and compliance with relevant standards and regulations, while examining account books, statements, ledgers, and accounting systems for efficiency and adherence to accepted procedures.
• Ensure compliance of audit reports delivered to leadership with all relevant provisions, addressing root causes of compliance issues in findings and recommendations, while providing practical solutions to facilitate management decision-making.

Job Knowledge & Skills

• Advanced knowledge of risk management principles, internal control frameworks, and auditing standards to effectively oversee risk and audit functions.
• Strong leadership and managerial skills for guiding teams, developing strategies, and driving initiatives to mitigate risks and enhance internal controls.
• Excellent analytical skills to evaluate complex business processes, identify control weaknesses, and provide actionable recommendations.
• Effective communication and interpersonal skills to engage stakeholders, present audit findings, and facilitate discussions related to risk management.
• Strategic thinking and problem-solving skills to foresee risks, develop proactive mitigation strategies, and drive continuous improvement in risk and audit processes.
• ERP knowledge, preferably with SAP functional skills, is essential for success in this role.

Job Experience

• Minimum of 8 years of working experience, with at least 5 years in a relevant supervisory position.
• 2 years of experience in the GCC region is a plus.

Competencies

• Speed of Execution
• Build High-Performing Teams
• Provide Direction
• Build Processes and Systems
• Drive Cost Optimization
• Agility
• AI Fluency
• Quality Leadership
• Business Understanding & Process Analysis
• Governance, IA and Control Tools and Techniques
• Data Analysis
• Risk Analysis & Control Assessment Techniques
• Financial Analysis Tools and Techniques
• Boldness

Education

• Bachelor's Degree in Finance, Accounting, Economics, Public Administration, Business Administration, or a related field.
• Relevant technical certificates are a plus.