Key Responsibilities
Develop and implement a risk-based annual audit plan, approved by the Board Audit Committee, covering all business activities, including IT, finance, operations, and compliance.
Maintain an Internal Audit Charter reviewed at least every 3 years by the Audit Committee.Coordinate with external auditors and regulatory authorities.
Independently evaluate the effectiveness of the "Three Lines Model" (business, risk/compliance, audit).Report audit findings directly to the Board Audit Committee, ensuring no "management filtering" of findings.
Ensure the independence of the audit function (no involvement in designing, implementing, or operating internal controls).
Skills
Orient Takaful PJSC – Al-Futtaim Group
Orient Takaful is seeking a highly qualified and experienced Head of Internal Audit to provide independent, objective assurance on the effectiveness of governance, risk management, and internal controls across the organization, including its subsidiaries. The role will also ensure compliance with applicable CBUAE regulations.
Candidate Requirements
Education: Bachelor’s degree or higher in accounting, finance, auditing, risk management, insurance, or a related discipline.
Professional qualifications: A recognized audit or risk designation is strongly preferred, including CIA — Certified Internal Auditor, CPA or ACCA — Certified Public Accountant or Chartered Certified Accountant, CISA — Certified Information Systems Auditor, particularly where the role oversees IT audits and Insurance-specific qualifications, such as CII or ACII, are advantageous.
Experience: At least five years of relevant internal or external audit experience within insurance or another financial institution.
Sector knowledge: Strong understanding of insurance operations, regulatory frameworks, risk governance, and internal controls.
