Head of Audit

Audit Assignments

1. Lead and oversee audits across the Sharia Unit and relevant support functions, in order to assess the adequacy and effectiveness of controls, systems, processes and procedures, highlighting areas of concern.
2. Plan and organize reviews and agree terms of reference to ensure they are carried out effectively, within the timescales allocated, keeping senior management informed of progress and findings.
3. Reliably able to exercise judgement over the materiality of issues and ratings of audits.
4. Exercising judgement over management’s risk awareness and delivering IAD’s opinion to senior management.
5. Present Audit reports to the Internal Shariah Supervisory Committee (ISSC), CEO, GMs, Senior Management (first and second line) on the audit findings raised in reviews, together with recommendations for improvements.
6. Review proposed actions from Senior Management and present these to the ISSC for review, discussion and finalization.
7. Oversee the finalized actions taken so that outstanding issues identified during reviews are followed up and resolved to ensure that risks are effectively managed in accordance with all relevant policies and regulations.

Special Assignments

Lead and present results to Senior Management on ad-hoc requests for special audits or investigations.

Any

JOB PURPOSE

To develop and lead the delivery of audit engagements, the maintaining of departmental professional practices, develop and maintain a risk based audit plan within for the Shariah Unit and manage staff capable of delivering the plan.