Head Internal Audit at Prixair

Key Responsibilities
Group Internal Audit Strategy:

• Develop and implement a comprehensive Group Internal Audit strategy and annual audit plan based on the group’s key risks and strategic objectives.
• Establish appropriate audit methodologies, policies, procedures, and standards across all subsidiaries.
• Ensure Internal Audit activities are aligned with recognised professional standards and best practices.
• Periodically review and update the audit plan in response to emerging risks and changes in the business environment.

Risk Management and Internal Controls:

• Evaluate the effectiveness of the group’s risk management framework and internal control systems.
• Identify significant financial, operational, strategic, regulatory, technology, and reputational risks.
• Assess whether adequate controls are in place to mitigate identified risks.
• Recommend improvements where control weaknesses or gaps are identified.
• Monitor management's implementation of agreed corrective actions.

Financial and Operational Audits:

• Direct audits of the Group’s financial and accounting processes, including revenue, expenditure, payroll, treasury, procurement, inventory, fixed assets, and financial reporting.
• Conduct operational audits to assess efficiency, effectiveness, productivity, and value for money.
• Review the activities of subsidiaries, branches, projects, and business units.
• Ensure proper controls exist over the group’s assets and resources.
• Review significant contracts, investments, expenditures, and transactions where appropriate.

Compliance and Regulatory Assurance:

• Assess compliance with applicable laws, regulations, tax requirements, industry standards, and internal policies.
• Monitor compliance with the group’s policies, procedures, approval limits, and delegated authorities.
• Liaise with external regulators and other assurance providers where necessary.
• Ensure audit findings relating to regulatory or compliance matters are promptly escalated.

Fraud Risk Management and Investigations:

• Develop and maintain appropriate controls for preventing and detecting fraud, corruption, theft, and other financial irregularities.
• Lead or coordinate investigations into suspected fraud, misconduct, financial irregularities, or breaches of company policy.
• Report significant findings to the group managing director, audit committee, and /or board as appropriate.
• Recommend corrective and preventive measures following investigations.

Audit Reporting:

• Prepare periodic Internal Audit reports for the Group’s executive management and audit committee.
• Present significant audit findings, control weaknesses, risk exposures, and recommendations to senior management and the board / audit committee.
• Provide an overall annual assessment of the adequacy and effectiveness of the group’s governance, risk management, and internal control environment.
• Ensure audit reports are accurate, objective, timely, and supported by sufficient evidence.

Requirements

• Interested candidates should possess a Bachelor's Degree with 5-10 years of work experience.