Head of Internal Audit

Job Description

  • Job Title Head of Internal Audit


About the teamCareem Pay’s purpose is to empower people to lead better lives by simplifying their payment experiences and access to financial services. Its vision is to become the leading digital financial services platform of the region serving consumers, captains and merchants.As an early-stage start-up within Careem, we are looking to build a team of energised, start-up-minded and ambitious colleagues who are super excited about the massive fintech opportunity in the region.What you'll do Develop and refine the Vision and Strategy of the Internal Audit Department.Act as a thought leader and proactively inform senior management of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention.Design and implement an Internal Audit framework and a best-practice audit methodology.Develop the Internal Audit Charter, Policies and Procedures.Lead Internal Audit’s annual risk assessment and planning process to develop a risk based annual audit plan that is aligned with the risk profile of the organization.Attract, hire, and retain a team of high-performing audit professionals.Set the performance objectives and continuously monitor progress and development towards these and towards the strategic objectives.Ensure cooperation with external auditors and other relevant stakeholders to facilitate external auditing activities and ensure compliance with statutory requirements.Oversee the execution of individual audits defined in the plan ensuring the highest level of service quality and client satisfaction.Issue Internal Audit reports that are clear, concise, with practical solutions that ultimately provide value to management.Meet regularly with the Audit Committee to report the status of Internal Audit’s ongoing monitoring activities. Educate/inform the committee of emerging risks and/or exposures (whether internal or external to the company) that should be considered.Develop and manage a process to track, follow-up, and ultimately close all open audit issues leveraging the Audit Committee, if necessary.Ensure that IA is performing its work in accordance with established professional standards and remain abreast of emerging trends and best practices that can be incorporated into the function.Coordinate with external auditors. What you'll need Bachelor’s degree in Accounting & Finance or other closely related field and/or Chartered Accountant or Master’s Degree in Business Administration, Accounting or equivalent.Certified Internal Auditor Certificate is must, other certificates such as CISA / CFE are a plus.10 or more years of relevant experience with a minimum of 4 years in a leadership position.Financial services audit background (fintechs or banking) is a must.Previous experience gained in one of the big four firms is a plusCritical thinking and problem-solving abilities.Excellent communication skills (verbal and written) are a pre-requisite. Must be able to communicate effectively with senior management, the audit committee as well as with external parties including government regulators if required.Previous experience in dealing and working with Audit CommitteesSolid experience with data analytic techniques and tools.Experience of local banking laws and regulations (including KYC, AML). Demonstrable knowledge of the Institute of Internal Auditors’ IPPF and standards.Knowledge of Risk Management techniques Where you'll be Even though we are working remotely, we are strong believers in collaboration and the power of building social connections with our teams. For that reason, our offices are still open and provide plenty of collaboration-friendly spaces at times when teams need it or if you need a quiet space to work outside of home. You’ll be working in the location you’re hired from. Due to legal and compensation considerations, you will need to be based out of the country you’re hired from as your primary work location.

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