. Position title: Chief Internal Auditor
Job level: Executive
Reports to: Audit committee of the board
The chief internal auditor is responsible for the institution’s strategic risk-based internal audit plan and
managing the internal audit function in accordance with the company’s internal audit charter and the
professional standards for internal auditing.
Responsibilities include providing reasonable assurance on the effectiveness of the organization’s risk
management and the strength of internal controls. The position assesses organization-wide compliance
with the institution’s internal policies and procedures.
The chief internal auditor will report directly to the audit committee of the board of with administrative
oversight from the CEO.
Key responsibilities:

• Develop annually a risk-based internal audit plan for audit committee review and approval.

Oversee the implementation of the approved plan, ensure proper resourcing for
implementation of the plan, and adjust the plan as needed in response to changes in the
institution’s business risks, operations, systems and controls. Keep senior management and
audit committee apprised of any changes needed to the internal audit plan.

• Perform organization-wide risk assessments to identify significant risks or exposure related to

internal controls or compliance with institution’s internal policies and procedures, laws and
regulations, efficiency of operations, and accuracy of financial reporting. Provide feedback and
recommendations on business risks and improving operational efficiencies and processes
where appropriate.

• Direct the work of external auditors on select audits, as directed by the audit committee and

senior management, to ensure the audit work remains within the prescribed guidelines.

• Coordinate and assist with the preparation of audit committee materials. Participate in

quarterly or more frequent audit committee meetings

Qualification and Experience

• Bachelor’s degree in Accounting & Finance or other closely related field.
• Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) or Association of Chartered

Certified Accountant (ACCA)

• 10 years’ experience in auditing or accounting and 5 years in a management role