Head of Internal Audit - Dubai, United Arab Emirates - Chalhoub Group

Chalhoub Group

Verified Company

Dubai, United Arab Emirates

1 week ago

Posted by:

Ahmed Al-Mansouri

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Description

INSPIRE | EXHILARATE | DELIGHT
For over six decades, Chalhoub Group has been a partner and creator of luxury experiences in the Middle East.

The Group, in its endeavour to excel as a hybrid retailer, has reinforced its distribution and marketing services with a portfolio of eight owned brands and over 300 international brands in the luxury, beauty, fashion, and art de vivre categories.

More recently, the Group expanded its expertise into new categories of luxury watches, jewellery, and eyewear.

Every step at Chalhoub Group is taken with the customer at heart.

Be it constantly reinventing itself or focusing on innovation to provide luxury experiences at over 750+ experiential retail stores, online and through mobile apps, each touch point leads to delighting the customer.

Today, Chalhoub Group stands for 14,000 skilled and talented professionals across seven countries, whose cohesive efforts have resulted in the Group being ranked third in the Middle East and first in Saudi Arabia as a Great Place to Work.

To keep the innovation journey going, the Group has set up "The Greenhouse", which is not just an innovation hub, but also an incubator space and accelerator for start-ups and small businesses in the region and internationally.

This is just one of the several initiatives taken by the Group to reinvent itself, catalysed by forward thinking and future-proofing.

The Group has also been embedding sustainability at the core of its business strategy with a clear commitment towards people, partners and the planet, and by being a member of the United Nations Global Compact Community and signatory of the Women's Empowerment Principles.

What you'll be doing
The Head of Internal Audit will be responsible to design and create the Internal Audit function within Chalhoub Group. A leader with at least a 10+ years of experience, preferably with Big 4 audit experience.

The Head of Internal Audit will be responsible for identifying, reviewing and updating the major risk mapping and develop the risks assessment tools, define the internal audit strategy, the annual audit programme, an audit framework based on Internal Standards.

As well as mobilise resources - including external audit firms - needed to perform the audit programme (relying mostly on outsourced resources), to overlook the quality and compliance of audit reports, to advise the Group executives on risks and corrective actions as well as follow-up on previous reviews and action plans.

They will contribute to the improvement of processes and the governance at Group level through their expertise and recommendations.

In order to ensure their independence, the Head of Internal Audit will report to the Group President's Chief of Staff as well as to the Risk and Audit Committee of the Group Board.

To ensure effective and continuous fulfillment of the role, they will work closely with the Group's executives and the Finance community.

They will bring a systematic and disciplined approach to evaluating and improving the effectiveness of risk management and control within the Group.

Key Responsibilities:

Lead the overall risk assessment:
Update the Group's major risk mapping by continuously monitoring emerging risks
Define relevant risk management tools
Build the internal audit strategy and plan
Define a multiyear internal audit strategy based on the risk assessment and have it approved by the Risk and Audit Committee
Prepare the annual Internal Audit Programme and get it approved by the Risk and Audit Committee
Maintain, followup and update the Audit programme
Define Internal Audit framework and tools for the Group based on International Standards
Build the internal audit charter, policies, procedures, guidelines, templates and tools and maintain them in accordance with industry best practice
Build a digital platform ensuring smooth updates, sharing and capitalization of the tools, reports, documentation
Keep up to date with local and international audit developments, laws and regulations
Over time build a digital platform to keep track of the audit results, action plans and reviews
Build a community of stakeholders and partners across the Group

Connect the dots between the different "partners" to Internal Audit and animate the relevant committees with:
CFO and Group Head of Accounting
Chief Legal Officer
Chief Technology Officer
Compliance Manager (reporting to the Chief Sustainability Officer) in charge of ethics guidelines and complaints
Data Compliance Manager
Retail Operations Manager

Structure the resources of the Audit department and animate them
Select and oversee one of the Big 4 auditors who will be responsible the majority of the audit assignments:
Define the needs and workload and draft an RFP allowing flexibility as well as mobilization of specific expertise (Cybersecurity, tech, data, environmental risks, reputational risks ) with access to global expertise
Select a firm and have it approve