Deputy Head of Internal Audit
The Deputy Head of Internal Audit (DHIA) is accountable to the Head of Internal Audit (HIA), for the administrative and operational functioning of Internal Audit. The Deputy Head will assist with the identification and control of risks within the Authority to effect good Corporate Governance and management. Together with the Head of Internal Audit, the Deputy Head of Internal Audit will support the achievement of strategic goals and objectives including the identification and allocation of appropriate staff, tools, resources, procedures and methodologies in order to be able to provide independent and objective risk-based assurance, advice and insights to the Board and Executive Management of CIMA.
RESPONSIBILITIES:
The successful candidate will:
- Assist the Head of Internal Audit with the delivery of internal audit services in accordance with the Internal Audit Charter and the IIA’s International Professional Practices Framework;
- Direct, coordinate, and perform assurance engagements of CIMA’s risk management, governance and internal controls and make appropriate recommendations for improvement;
- Consult and provide best practice advice to CIMA’s Senior Management with respect to establishing and improving governance, risk management and internal controls;
- Assist the HIA with the strategic planning, budgeting and resourcing of Internal Audit including the recruitment and selection process for Internal Audit as required;
- Assist with the development of the annual risk-based audit plan;
- Assist with development, implementation and ongoing maintenance of audit methodologies policies, procedures and guidelines based on Internal Audit professional standards and best practice;
- Manage and support the Internal Audit quality assurance programme by monitoring the quality of the internal audit process and ensure adherence to the applicable internal and professional standards;
- Maintain effective relationships with Senior Management and staff of CIMA to discuss and solicit auditees’ views and ensure continuous auditee satisfaction with the Internal Audit process and services;
- Develop and maintain relationships with external stakeholders including the CIG’s Internal Audit Services (IAS) and the Office of the Auditor General (OAG) to appropriately identify and maintain a comprehensive insight into CIMA’s current and emerging risk profile, enhance the effectiveness of audit coverage and optimize the use of audit resources;
- Positively represent Internal Audit and build effective relationships in order to contribute to the development of a risk oriented culture within CIMA.
REQUIREMENTS:
- Bachelor’s degree in accounting, Auditing, Business Administration, Finance or a related field; and
- Seven (7) years of progressively responsible experience in accounting, auditing or financial management. At least five (5) years of this experience must involve performing and leading internal audits in accordance with the IIA Standards;
- Certification such as CIA, CPA, ACCA or CA is required;
- CISA, CFE or CRMA certifications highly desirable;
- Strong background and experience in using data analytics for audit engagements is highly desirable;
- Significant experience in the application of the IIA International Standards for the Professional Practice of Internal Auditing (The Standards);
- Working knowledge of IT systems and their value and impact on organisations, including IT risk implications for delivery of objectives.
Caymanians, persons possessing Caymanian Status, Permanent Residency, or Residency Employment Right Certificate need only apply.
Direct applicants only. Applications received from agencies will not be accepted at this time.
(Only shortlisted candidates will be notified)
Application for Employment
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