Head of Internal Audit

1. Audit Strategy and Leadership

• Develop and implement a risk-based internal audit strategy and annual audit plan aligned with the company’s strategic objectives.
• Lead the Internal Audit department and oversee all audit engagements across the organization.
• Ensure the independence and effectiveness of the internal audit function.
• Report audit findings and recommendations to the Executive Management.

2. Risk Management and Internal Controls

• Evaluate the adequacy and effectiveness of internal control systems across financial, operational, and compliance areas.
• Assess key business risks like Fuel inventory losses, Supply chain risks, fraud and Regulatory compliance risks.
• Provide recommendations to strengthen risk mitigation and control frameworks.

3. Operational Audits

Conduct audits across petroleum distribution operations that include procurement, storage, logistics, retail networks, inventory and pricing controls.

4. Financial and Compliance Audits

• Review financial systems and records, and reporting accuracy.
• Ensure compliance with Industry regulations, safety standards and taxes.
• Coordinate with external auditors and regulatory authorities where necessary.

5. Fraud Prevention and Investigation

• Develop and maintain fraud risk management programs.
• Lead investigations into suspected fraud or financial misconduct.
• Recommend control improvements where required.

6. Reporting and Governance

• Prepare and present audit reports to the CEO and Senior Management
• Track implementation of audit recommendations.
• Provide periodic updates on audit findings, risks, and control improvements.

7. Process Improvement

• Identify operational inefficiencies and recommend process improvements.
• Support management in strengthening governance frameworks.
• Promote best practices in internal controls and risk management.

8. Team Management

• Recruit, mentor, and develop the internal audit team.
• Provide technical guidance on audit methodologies and standards.
• Ensure compliance with International Standards for the Professional Practice of Auditing.

Experience

• Minimum of 8 years’ relevant experience in audit, risk and finance management.
• At least 5 years in a senior audit leadership role.
• Experience in oil & gas, petroleum distribution, logistics, or manufacturing preferred.
• Strong experience with operational audits and fraud investigations