Head of Internal Audit

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Role & Responsibilities:

1) Prepare annual and strategic risk based audit plan based on organizations risk assessment

2) Plan, execute, and monitor the conduct of risk based audits from planning to reporting, as

per audit plan approved by the Audit Committee

3) Proactively identify and highlight critical issues & high fraud risk indicators in the Company’s

control processes, corporate governance, risk management and overall operations to Senior

Management, Audit Committee and Board of Directors

4) Review and finalize draft audit reports after discussions with the concerned Department

Head and CEO

5) Report and discuss audit findings, recommendations and corrective action plans to the Audit

Committee and Board of Directors

6) Conduct special audits/investigations at the request of the Audit Committee and Board of

Directors

7) Follow-up and ascertain whether Internal audit issues, Central Bank observations and

External Audit issues have been implemented

8) Review quarterly financial statements, compliance reports, etc. and provide independent

feedback & review points to the Audit Committee

9) Carry out ad hoc assignments such as review of policies & procedures, new systems, services,

projects, concurrent audits etc., and submit reports to the Senior Management, Audit

Committee & Board

10) Act as secretary to the Audit Committee and coordinate its activities (i.e. arranging for Audit

Committee meetings, preparation of meeting minutes, follow-up with the agreed actions

taken in meetings, etc.)

11) Maintain controls within Internal Audit Department and monitor that it is operating according to the best practices, regulations, auditing standards and the latest developments in the field

12) Mentor and train Internal Audit staff on technical and professional growth aspects

13) Coordinate with and provide support to External Auditors, IT Auditors, Lawyers, and Forensic Auditors etc. during their respective assignments

14) Scope of audit includes Anti-Money Laundering, Compliance, Risk Management, Information

Technology (IT), Information Security (IS), Corporate leasing, Vehicular leasing, Debt Factoring & Working Capital, Treasury, Finance and Accounts, Legal, Corporate Governance, Asset Receivables Management, Human Resources (HR), Credit Administration and Branch audits as per the approved Audit Plan.

15) Undertake any other assignment/project as determined by Audit Committee

Education:

• Academic: - Bachelor’s Degree in Accountancy or Finance
• Professional qualifications :- Certified Public Accountant (CPA), Chartered Accountant (CA),
• ACCA qualification or Professional Certificate of Internal Auditing from approved and

institutions

Experience:

At least 5 years of experience in Audit