Description :

Location: Islamabad

Grade: L5

Deadline to Apply: 10th August 2022

What is Head of Internal Audit and what does Head of Internal Audit do?

Head of Internal Audit is responsible for implementation of the Group Internal Audit Strategy, organization, and management of the internal audit function within Pakistan. The Head of Internal Audit independently and objectively assesses the reliability and effectiveness of risk management, internal control and corporate governance while creating value to business. Also, ensures the Internal Audit stakeholder satisfaction by delivering high quality Internal Audit Reports while applying the Group Internal Audit Methodology, “The International Professional Practices Framework (IPPF) – Standards and Guidance” adopted by the Institute of Internal Auditors (IIA), Veon Group IA Charter, Group policies, procedures, guidelines and meeting the targets established by annual key performance indicators (KPIs).

The Head of Internal Audit (HIA) will report functionally to the VEON Group Chief Internal Audit and Compliance Officer and operationally to the Chief Executive Officer of Jazz. HIA will be responsible to plan, execute and conclude audits and deliver high quality Internal Audit Reports for Jazz in Pakistan. The role will require managing relationships with key stakeholders and act as a trusted advisor to local Jazz Pakistan Management. HIA is also required to provide and present summary reports to the Jazz OpCo Board and Business Risk Committee (BRC).

The role requires end-to-end responsibility for timely delivery of the Jazz Pakistan audit plan in line with the set quality criteria and in alignment with relevant stakeholders.

Key Responsibilities:

Strategy and Planning

• Responsible for planning and Implementation of Internal Audit strategy in Jazz and participates in the development of the VEON Group Internal Audit Function
• Ensures alignment with the “The International Professional Practices Framework (IPPF) – Standards and Guidance” adopted by the IIA, Group IA Charter, Group policies, procedures and guidelines around Internal Audit processes, tools and techniques
• Performs the risk assessment and supports the Group Internal Audit team in preparing the annual audit plan addressing emerging risks and global themes
• Reviews the audit plan on a quarterly basis in coordination with the Group Internal Audit team
• Ensures and monitors the execution of the audits and their quality in line with the Group Internal Audit Methodology
• Manages resource requirements and the Internal Audit Team in Pakistan
• Seeks for opportunities to increase the efficiency of the audits and apply where possible new tools and systems (e.g., data analytics, audit management tool, issue follow up tooling) Performance management.

Performance Management

• Ensures timely reporting to the Group Internal Audit team on actual performance against plan
• Manages resource and timetable to ensure achievement of audit plan in line with budgeted times and scheduled completion dates, expense budget monitoring, and compliance with Group IA protocols for approval and notification of timetable changes
• Ensures effective risk-based planning including effective gathering of information and risk assessment to determine the appropriate nature and extent of audit work
• Fully effective in leading / completing audits of high risk/complex or sensitive nature.
• Ensures the audit team complies with all IA and other relevant “Veon” policies and procedures in the conduct of audit engagements and with the audit engagements documentation requirements
• Reviews all IA reports as appropriate to ensure adherence to the IA quality standard, that risks have been properly identified and assessed with appropriate management responses

People Management:

• Efficiently and effectively manages teams of audit staff within the structure and capability framework, ensuring the overall quality and timeliness of service provided by the team of a high standard
• Attracts, recruits and retains high quality staff with the required qualifications, experience and skills
• Effectively manages the use of outsource and co-source partner(s), internal ‘guest auditors’ within audit engagements to ensure the delivery of agreed objectives
• Sets the KPIs and performs assessment of audit staff as appropriate on a semi-annual basis in line with the Group guidelines and procedures
• Fosters a culture of accountability and teamwork through effective staff and team performance management that aligns with agreed objectives
• Develops the audit team by agreeing personal development plan, providing on- the - job training and through running periodic update sessions to share information on topical business issues, technical knowledge, and developments in the OpCos. Provide timely feedback and agrees on development needs;
• Identifies Internal Audit talent and actively seeks opportunities for cross OpCo assignments for Internal Audit talent Customer Focus

Customer Focus:

• Actively participates in knowledge sharing sessions and platforms
• Proactively builds strong and effective working relationships with Internal Audit stakeholders. Having regular stakeholder meetings to identify their needs, challenges in the business and identify areas where Internal Audit can create an impact and add value, and manage their expectations
• Seeks auditee/client/stakeholder feedback as appropriate and responds appropriately
• Promotes customer-oriented service culture within the audit team that seeks to add valu

Requirements

What are we looking for and what does it require to be Head of Internal Audit?

• At least 10-12 years of previous work experience in similar (audit) roles
• Previous work experience in leading Internal Audit teams and managing inter-functional projects
• Experienced in team management
• Experience to work on senior management level
• Experience with working with an international company
• Telecom industry experience is highly desirable
• Master/bachelor’s degree in economics, Business or Accounting.
• Excellent written and verbal communication skills in English and local (business) language(s)

• Internal Audit or related field certification is a must (ACA, CIA, CMA, CPA, ACCA). IT Audit qualification (ISACA) is desirable
• Willingness to travel domestically and internationally (Amsterdam HQ up to 20%)

Professional Ethics and personal Integrity

Professional Ethics & Personal Integrity: Acting and communicating honestly and fairly in accordance with IPPF IIA standards, VEON IA Charter and VEON Code of Conduct (Proficient);

Personal Skills

• Leadership: Motivating people to act towards achieving a common goal (Proficient);
• People and team management: Developing and managing people (Proficient);
• Strong communication: Communicating with impact (Proficient);
• Persuasion and collaboration: Persuading and motivating others through collaboration and cooperation (Proficient);
• Critical thinking: Applying business intelligence and problem solving techniques (Proficient)

Professional Expertise

• Delivering results: Delivering internal audit engagements (Proficient);
• Business acumen and understanding: Maintaining expertise of the industry practices and organizational factors (Proficient);
• GRC understanding: Applying thorough understanding of governance, risk and control (Proficient);
• Customer focus: Act from a business perspective (Proficient);

Competencies Required:

• Decision Making : Makes good and timely decisions that keep the organization moving forward.
• Balances Stakeholders :Anticipates and balances the needs of multiple stakeholders
• Plans and Aligns : Plans and prioritizes work to meet commitments aligned with organizational goals
• Ensures accountability : Holds self and others accountable to meet commitments.
• Manages Conflict : Handles conflict situations effectively, with a minimum of noise.
• Communicates Effectively: Develops and delivers multi-mode communications that convey a clear understanding of the unique needs of different audiences.
• People Management and Stake holder management skills
• Exceptional attention to detail, whilst maintaining big picture perspective;