Job Description

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Section

The Diplomatic Club


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Department

Management


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Qualification

Degree in internal auditing, financial accounting (bachelor's degree from recognized university) or financial management (Compulsory).


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Experience

Minimum two years of working experience in internal auditing.


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Skills

As an Internal Audit Officer, your primary responsibility will be to execute internal audits, evaluate internal controls, and identify areas for improvement within the organization's operational and financial processes. Your role will be pivotal in ensuring the effectiveness of risk management procedures, maintaining regulatory compliance, and safeguarding the company's assets. Through your expertise, you will play a crucial part in providing valuable insights to senior management, enabling them to make informed decisions and enhance overall governance. This role presents an opportunity to contribute significantly to the organization's success by promoting a culture of transparency, accountability, and continuous improvement.



Represent Internal Audit manager in his absence in Risk Management, Crisis Management and Tender Committee meeting with keeping his safeguards.


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Provide independent assurance that an organization's risk management, governance and internal control processes are operating effectively.

Duties and Responsibilities

Independently execute internal audits of various operational and financial processes, ensuring adherence to established policies, procedures, and regulatory requirements. Evaluate Internal Controls: Assess the effectiveness of internal controls, highlighting any weaknesses or deficiencies, and propose effective solutions to mitigate risks. Assist internal audit manager and play his role in achieving the KPIs and the audit plan for each year. Stay up to date with industry trends, regulations, and best practices related to internal auditing and continuously improve professional knowledge and skills. Perform Risk Assessments: Conduct comprehensive risk assessments to identify potential areas of concern, and design audit plans accordingly to address the identified risks. Complete the tasks assigned to him by internal audit manager to ensure the smooth transition of the planned audits. Compliance and Governance: Monitor compliance with relevant laws, regulations, and internal policies, and advise management on necessary actions to maintain compliance. Prepare and assist in well-structured audit reports, documenting findings, conclusions, and recommendations, and present them to senior management and relevant stakeholders. Track the implementation of audit recommendations and verify their effectiveness to ensure corrective actions have been taken (follow ups). Proactively identify opportunities for process improvements and efficiency enhancements throughout the organization. Collaborate with relevant teams to detect and prevent fraudulent activities through regular assessments and proactive measures. Ready to assess the Club for any special task assigned other than audit plan if it does not impair the integrity, independence, and authority of the internal audit department. Assist and follow up on financial audits or any other audits/inspections applicable to the Club. Abide by the Club rules and regulations as per the Club Code of Ethics. Not to be involved in any operational activity that may impair the audit independence.

English language is a must.