Chief Audit Executive

1. Role Objective

•Ensuring the executive management's implementation of the company's objectives by adopting a systematic and disciplined approach to assessing and enhancing the effectiveness of control and governance processes.

•Lead the Internal Audit Function in line with the mandate given by the Audit Committee to support all members of the company's management and its Board of Directors in the effective execution of their responsibilities. This includes providing independent examinations, consultancy, evaluations, recommendations and comments on areas and activities reviewed. Furthermore, the post holder works in partnership with management and adds value to the organization through advice and guidance.

2. Duties and Responsibilities

Area of responsibility

STRATEGY

Functional Strategy

• Develop the Internal Audit strategy for the company as per the mandate given by the Audit Committee and in line with international internal audit trends and the vision and strategy profile of the Company.

• Organize, manage and control the internal audit activities, and create and maintain professional environment in which the internal audit staff can be effective in terms of time and cost.

• Provide information to the Board/ Executive Management about the adequacy and effectiveness of the company's internal administration, accounting, financial and IT controls and the quality of operating performance when compared with established standards.

• Review and present to the Audit Committee, the audit universe representing the potential range of all audit activities comprising of a number of auditable areas (strategic, operational, financial, information technology and compliance).

• Work with People and Services Department to facilitate the upskilling of Internal Audit staff.

• Establish and maintain a quality assurance program to evaluate the operations of the internal audit department and to ensure that the audit work conforms to the Institute of Internal Auditors Professional Practice Framework.

OPERATIONAL

Audit Plan

• Ensure the department resources are adequate, represent an appropriate mix and are utilized efficiently and effectively.

Audit Operations

• Identify internal controls deficiencies for improving the organization's operations, in terms of both efficient and effective performance.

• Review and finalize audit Executive Summaries to ensure that Audit Committee is appraised of all issues requiring management attention and action on a timely and effective manner.

• Establish and oversee an effective follow-up function to ensure audit recommendations are implemented on time by the auditee management.

• Participate in meetings with Management to discuss key areas of concerns/findings identified.

• Provide support to the company's anti-fraud programs and oversee fraud investigations based on audit findings and/or as requested by Management.

• Represent the Internal Audit Department in meetings and various committees.

Other Support

• Support to Audit Committee and Management for:

o Implementation of new projects.

o Process re-engineering.

o Review of policies and procedures manuals.

o other ad-hoc assignments as requested by Management and the Board from time to time.

People Development

• Work with People and Services Department to ensure that systems are in place for:

o Career development and succession.

o Employee appraisal.

o Training and Ensure that the above systems are functioning effectively and efficiently; and

o Conduct performance appraisal periodically for direct reporting lines.

Continuous Improvement

• Oversee the process of continuous review and improvement throughout the department.

• Identify opportunities for enhancing capability of department, self and subordinates.

• Draw on knowledge of best practice, advances in technology, and relevant research to develop an informed view of opportunities and challenges

Audit Liaison

• Liaison with Management

• Continuously coordinate and communicate with external/state auditors to identify areas where assistance is needed.

• Coordinate with third party consultants for co-sourced / outsourced engagements

3. Education & Experience

Required qualifications: Bachelor's degree in a related discipline preferably in (Business Studies, Finance or Management) &

Required experience: a minimum 17 years of relevant work of which 7 years in an executive level position in Internal Audit with strong track record of leadership role of audit function in commercial airlines with complex operation. Experience of working in airline companies undergoing transformation will be highly desirable.

Additionally, An Omani nationals with relevant experience in other sectors such as ( transportations, logistics, travel and hospitality ) can apply.

Professional qualifications: - Certified Internal Auditor ('CIA') or Chartered Professional Analyst ('CPA') or Chartered Accountant ('CA') is highly preferred.

Certificate in Fraud Examiner (CFE) is highly preferred.

Post-Graduation qualification in the related field will be advantage.

4. Special Skills & Knowledge

• Strategic thinking with strong risk assessment and mitigation abilities.

• Excellent leadership and interpersonal skills, with experience reporting directly to the Audit committees.

• Proficient in English (Spoken & Written)

• Proficient in MS Office.

• Knowledge of IATA rules and regulations

• Good Team Management Skills