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Internal Audit Manager

  1. Setup/ organize the Internal Audit department for Etisalat subsidies activates :
  • Identify and reflect changes in professional standards, accounting standards, pronouncements, laws, guidelines and audit requirements to the Internal Audit team;
  • Participate in developing and maintaining the operational, financial and compliance risk based audit plans, time budget and team utilization;
  • Conduct business risk assessments meetings with senior managers and identifies controls in place in order to mitigate identified risks for the audit plan preparation purposes;
  • Monitor the Internal Audit team, under direct supervision, performance and ensure fulfilling the department’s KPIs effectively; and
  • Build and maintain strong relationships with the business owners and help the Internal Audit function become a trusted advisor and be seen as a core part of the business.

2- Audit Committee Tasks:

  • Review EGS and other Etisalat’s subsidiaries quarterly and annual financial statements for discussion/ presentation to the Audit Committee; and
  • Manage the preparation, merging of the operational, financial, and compliance audit results on a quarterly basis for Audit Committee meeting purposes.
  1. Operational, Financial and Compliance Audits:
  • Manage and monitor all financial, operational and compliance audits to assess EGS and other Etisalat’s subsidiaries controls, operational efficiencies and compliance with policies, procedures and regulations;
  • Plan and organize internal audit tasks including participation in preparing the audit plan, prepare and administer the time budget, staff utilization, assigning work, estimating resources needed and allocating staff to assigned tasks;
  • Manage, review and enhance the audit staff main outputs (e.g., engagement letters, audit programs, Risk Control Matrices, sampling criteria, audit reports) for achieving audit objectives and goals;
  • Conduct the kick-off meetings and present the mission, goals, scope, etc. of each audit assignment to the management key personnel of the audited area;
  • Review and ensure that audit work results are documented by the Internal Audit staff in accordance with the audit department and the Institute of Internal Auditors (IIA) standards;
  • Assess, evaluate and promote compliance with EGS and other Etisalat’s subsidiaries policies and procedures, established internal controls, and internal and external regulations;
  • Monitor the Internal Audit staff performance and ensure fulfilling the department’s KPIs effectively;
  • Analyze and conclude on effectiveness and efficiency of EGS and other Etisalat’s subsidiaries control environment;
  • Manage and monitor the ad-hoc assignments (related to financial, operational, and compliance areas) with updating the Internal Audit plan and staff allocations accordingly; and
  • Give constructive feedback to team members under direct supervision to ensure continuance technical development.
  1. Follow-Up Process:
  • Monitor the timely implementation of management actions recommended in issued audit and review reports;
  • Review the overall follow-up results related to the financial, operational and compliance audits; and
  • Manage the follow-up meetings with the management/ process owners to resolve conflicts and debates; if any.
  1. Internal Audit group
  • Manage EGS and other Etisalat’s subsidiaries Internal Audit group financial ratios analysis exercise on a quarterly and year-end basis and communicate and present results to the Internal Audit group ; and
  • Manage, communicate and present the Cross Audits project with the Internal Audit group and Etisalat OPCOs concerning the operational, financial and compliance audits.

 

  1. Financial consulting services with other departments
  • Responsible for providing the financial accounting consultations/ treatments as per the Egyptian Accounting Standards (EAS) and International Financial Reporting Standards (IFRS) required for the financial consulting services throughout EGS and other Etisalat’s subsidiaries.
  1. Quality Assessment
  • Internal quality assessment: Review and ensure that audit work results are documented by the Internal Audit staff in accordance with the audit department and the Institute of Internal Auditors (IIA) standards.
  • External quality assessment: Attend meetings with external assessors at the quality review of all financial, operational and compliance audit files.
  1. Support and help the Internal Audit Quality Assurance Senior Manager in the Setup/organize the EGS and Etisalt’s IA function;
  • Identify and reflect changes in professional standards, accounting standards, pronouncements, laws, guidelines and audit requirements to the Internal Audit team;
  • Conduct business risk assessments meetings with senior managers and directors and identifies controls in place in order to mitigate identified risks for the audit plan preparation purposes;
  • Manage the preparation of annual risk assessment, audit universe and annual audit plan.
  • Prepare the Annual Audit Plan with estimating resource needs, completion estimated time, and allocating Internal Audit team to the assigned tasks;
  • Monitor the Internal Audit team, under direct supervision, performance and ensure fulfilling the department’s KPIs effectively;
  • Develop and update the Internal Audit Manual and related policies, procedures and templates to outline the authority and scope of Internal Audit function and documentation standards; and
  • Build and maintain strong relationships with the business owners and help the Internal Audit function become a trusted advisor and be seen as a core part of the business.
  1. Audit Committee
  • Manage the preparation, merging of the operational, financial, and compliance audit results on a quarterly basis for Audit Committee meeting purposes for Etisalt’s Subseries and EGS.

10%

%5

Audit Committee Satisfaction to identify areas of strengths/weakness to enhance real/perceived value adds from AC Members.

 
 

 

5. COMMUNICATIONS & WORKING RELATIONSHIPS:

Internal:

  • Regular meetings with the Director of Internal Audit.
  • Regular meetings with the Forensics Senior Manager.
  • Regular meetings with the Internal Audit Quality Assurance Manager.
  • Regular meetings with the IT Internal Audit Manager.
  • Regular meetings with the 2 audit teams under direct supervision for monitoring projects activities.

External:

  • Regular meetings with Senior Level/ Director Management.
  • Quarterly meetings/ conference calls with Etisalat Internal Audit Group.
 

 

6. FRAMEWORKS, BOUNDARIES, & DECISION MAKING AUTHORITY:

  • Comply with the requirements of the IIA standards/ framework and Internal Audit manual.
  • Familiarity with the EAS and IFRS.
  • Promote independence and objectivity in the execution of audit mandates.
  • Identification of potential business risks (strategic, operational and compliance).
  • Different business processes in each audit.
  • Lead audit teams.
  • Develop audit practices.
  • Communication and negotiation with audited client/ management.
 

 

7. OPERATING ENVIRONMENT:

  • Full time.
 

 

8. QUALIFICATIONS AND EXPERIENCE:

Qualifications:

Essential

  • Bachelor of Commerce, Accounting Section.
  • Preferably CPA/CIA/CMA.
  • 9-13 years of professional experience in the field of internal & external auditing in the telecom industry, include more than 6 years in internal audit function of Telecom Company.
  • Comprehensive knowledge of auditing practices, procedures and principles, sufficient to interpret and analyse complex concepts and apply these in innovative ways.
  • Strong interpersonal skills and ability to work closely with people at all levels of the organization and facilitate the implementation of corrective actions.
  • Excellent in Arabic & English (reading, writing & speaking).
  • Excellent reputation for integrity and teamwork.
  • Strong desire to create this role in a demanding and fast paced environment.
  • Strong knowledge of Internal Audit Standards.
  • Strong executive presence.

Desirable

  • Graduate degree in business or management-related field. Prefer accounting degree.
  • Preferably holding any of the following qualifications: CPA and CIA.
  • A minimum 7 years of experience with a public accounting firm, especially, in telecom industry auditing with a heavy emphasis on financial, accounting and operational applications and controls. Also, 4 years in the internal audit function of Telecom Company.
  • Comprehensive knowledge of auditing practices, procedures and principles, sufficient to interpret and analyse complex concepts and apply these in innovative ways.
  • Strong interpersonal skills and ability to work closely with people at all levels of the organization and facilitate the implementation of corrective actions.
  • Excellent in Arabic & English (reading, writing & speaking).
  • Excellent reputation for integrity and teamwork.
  • Strong desire to create this role in a demanding and fast paced environment.
  • Strong knowledge of Internal Audit Standards.
  • Strong executive presence.