Head, Audit & Risk Compliance at Lorache Consulting Limited

Job Summary:

• The Head of Audit & Risk Compliance is responsible for overseeing and managing the audit and risk compliance functions within an organization.
• This role involves developing and implementing effective audit and risk management strategies, policies, and procedures to ensure compliance with applicable laws, regulations, and internal controls.
• The Head of Audit & Risk Compliance collaborates with various departments to assess risks, design internal controls, conduct audits, and provide recommendations for improvement. Additionally, this position requires strong leadership skills to manage a team of auditors and ensure the timely completion of audit projects.

Duties and Responsibilities:

• Develop and implement an audit and risk compliance framework that aligns with the organization's goals and objectives.
• Design and execute risk-based audit plans to evaluate the effectiveness of internal controls and compliance with laws and regulations.
• Lead and manage a team of auditors, including recruitment, training, performance evaluation, and professional development.
• Conduct and oversee complex audits and investigations, identifying control weaknesses, process inefficiencies, and areas of non-compliance.
• Collaborate with key stakeholders, including senior management, legal, and finance teams, to identify and mitigate risks and develop corrective action plans.
• Monitor changes in laws, regulations, and industry standards to ensure ongoing compliance and recommend necessary adjustments to internal controls.
• Provide guidance and support to business units in the development and implementation of effective risk management practices.
• Prepare and present audit findings, recommendations, and reports to senior management and the Audit Committee.
• Drive continuous improvement initiatives to enhance the efficiency and effectiveness of audit and risk compliance processes.
• Stay abreast of emerging trends and best practices in audit, risk management, and compliance to ensure the organization remains up-to-date with industry standards.

Qualifications and Requirements:

• Bachelor's degree in accounting, finance, business administration, or a related field. A master's degree or professional certification (e.g., CPA, CIA, CISA) is highly desirable.
• Proven experience (typically 8-10 years) in internal audit, risk management, or compliance roles, preferably in a leadership capacity.
• In-depth knowledge of auditing principles, risk assessment methodologies, and regulatory compliance requirements.
• Strong understanding of financial and operational processes, internal controls, and governance frameworks.
• Excellent analytical and problem-solving skills, with the ability to identify and assess risks and develop appropriate mitigation strategies.
• Exceptional leadership and people management abilities, including the capacity to motivate and develop a high-performing team.
• Effective communication skills, both verbal and written, with the ability to present complex information clearly and concisely to diverse audiences.
• Strong project management skills, with the ability to prioritize tasks, meet deadlines, and manage multiple concurrent projects.
• Proficient in using auditing software, data analysis tools, and Microsoft Office applications.
• Demonstrated integrity, professionalism, and ethical behavior in handling sensitive and confidential information.