Manager - Internal Audit

Landmark Group · Saudi Arabia

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The job holder will be responsible for managing the scheduled internal audits, special projects across KSA under the supervision of Head of Internal Audit. This role will also require execution of assignment independently while managing the team for other assignments parallelly. Assignments should be executed in line with Annual Audit Plan to assess the design/ operational effectiveness of controls, safeguarding of assets, compliances, and efficiency of operations.

Audit Assignment Planning & Review (Monitoring of the assignments delivered by AMs/ Executives)

• Plan the engagements in detailed manner with team members in line with the agreed scope of work for areas being audited (based on process discussions with auditees and previous audits being undertaken).
• Monitor the field work to ensure that team delivers the engagement within the specified timelines.
• Thoroughly review the audit work program, supporting, working files, calculations, draft and final reports etc.
• Audit work program should ensure adequate coverage for establishing:
  • Effectiveness of internal controls so that processes operate with operational and financial integrity,
  • Identification of improvement areas to enhance, simplify, automate controls as well as improve process efficiency,
  • Ensure safeguarding of assets and achievement of organizational objectives and
  • Compliance with laws and regulations. 
• Incorporate new methods, techniques, and tools in planning (as well as executing) audits.
• Ensure appropriate and sufficient audit documentation for each assignment.

Audit Execution & Reporting (Execution of the individual assignments)

• Executive audit assignments independently. Ensure timely and appropriate execution of audit while ensuring,
• Adequate coverage of transactions (sampling as well as data analytics),
• Deploying accepted tools and techniques to make audit process efficient and
• Keeping in context materiality as well weaknesses observed in the process.
• Highlight potential risks and quantify either value at stake or improvement potential wherever applicable.
• Come up with recommendations that are value adding, practical and improve on current operations.
• Write concise, clear reports with facts and explanations that are suitable for senior management while at the same time are very actionable.
• Maintain audit standards, working papers and overall, a highly professional approach.
• Follow-up and track implementation of the recommendations provided when they become due. 

Audit Integrity & Standards

• Ensure confidentiality.
• Ensure adherence to the internal audit department’s SoPs and Policies for self and reportees.
• Ensure compliance with the Internal Auditing Standards issued by IIA.

Stakeholder management: 

• Liaise with HODs and Process Owners wherever the intervention is required to speed up the assignments. 
• Maintain a healthy stakeholder relationship.
• Ensure all the critical meetings are attended and led for the engagements executed. 

Other

• Proactively work with Senior Managers and Head of Audit to plan the engagements in line with the approved annual Audit Plan. Support in completion of the entire audit plan.
• Should be able to multi-task and ensure the right prioritization and timely delivery for all assignments being undertaken. 
• Support the Seniors in preparing the Board deliverables (e.g. Audit Committee, Budget meetings etc.).
• Lead periodic team trainings.
• Ensure appropriate Audit technology tools are used to provide the highest level of assurance in an efficient manner.
• Advise in decision making, framing of policies, cost rationalization by providing an independent analysis. 
• Occasionally also take up business improvement projects as guided by Head of Department. 
• Monitor international developments, emerging trends and best practices in internal auditing and implement them, as applicable.

Candidate background and skills:

• Have excellent written and verbal communication skills. 
• Proficient in MS Office tools, Analytical Software and basic functionalities of ERP.
• CA with 8-12 years of PQE. CIA/ CISA would have an added advantage. 
• Preferred background of a Big 4/ Reputed Consultancy/ Industry with minimum 3 years of leading teams independently and managing complex projects.
• Should be able to multi-task. 

Our journey started in 1973 with a single store in Bahrain. Since then, we have grown into a global retail and hospitality group. The proud creator of 25 plus value led, own-built brands across retail, hospitality, food, and leisure.

Over the years, our UAE - based group has evolved into a comprehensive retail and hospitality entity, with over 2200 retail stores, leisure, and hospitality outlets, panning the GCC, Middle East, India, Southeast Asia, and Africa. Today, Landmark Group is one of GCC's largest omnichannel retailers and India's top home and fashion retailer.

We take immense pride in the organic growth of our retail brands, which have blossomed into household names. From Max, Splash, Babyshop, Centrepoint, Shoemart, Homecentre, Emax, Fitness First, to Funcity, to name a few, our brands span across a multitude of categories, enriching the lives of countless families over the past decade.

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