State Trading Organization Plc.
Maldives
Chief Internal Auditor

Evolve your career with State Trading Organization Plc.

STO Group, with its subsidiaries, joint ventures, and associates, is a national leader in business. It has significant and focused interests in petroleum, cooking gas, construction materials, medical supplies and pharmaceuticals, home appliances, electronics, supermarket products and insurance. The Company is geographically diverse with operations and developments throughout Maldives and operations in Singapore.

Position Name

Chief Internal Auditor

No. of Position

1

Worksite / Department

Internal Audit and Risk Department

Salary & Benefits

  • Salary and allowances: Negotiable
  • Family Health insurance coverage
  • Life insurance coverage

Key Responsibilities

  • Provide annually an assessment on the adequacy and effectiveness of the organization’s processes for controlling its activities and managing its risks in the areas set forth under the mission and scope of work.
  • Report significant issues related to the processes for controlling the activities of the organization and its affiliates, including potential improvement to those processes, and provide information concerning such issues through resolution.
  • Periodically provide information on the status and results of the annual audit plan and sufficiency of department resources.
  • Coordinate with and provide oversight of other control and monitoring functions (risk management, compliance, security, legal, ethics, environmental, external audit).
  • Carry out the risk management and reporting works while periodically providing information to the management, Board Audit and Risk Committee and the Board.

Qualifications

  • Bachelor’s Degree in Accounting, Finance, or other relevant discipline.
  • Active membership in a professional accounting body.
  • Membership in Institute of Internal Auditors or Certified Fraud Examiners   or related body will be an added advantage.  

Experience

  • A minimum of 10 years of relevant audit experience, of which at least 5 years shall be spent in a senior position related to auditing in a listed company or public sector organization or large organization, including audit firm.
  • Strong knowledge of IFRS, ISA, IPPF etc.

Skills

  • Expert skill in auditing techniques, accounting and management principles.
  • Superior knowledge of international accounting and auditing policies, procedures, and standards.
  • Superior interpersonal skills as demonstrated by the ability to form professional relationships at all levels with the organization and external stakeholders.
  • Strong analytical and interpersonal skills.
  • Excellent presentation and communication skills.
  • Strong management or leadership skills as exhibited by experience in effectively leading a team.

 Tenure

Seven years

 Report to

Chief Internal Auditor will head the Internal Audit and Risk Department and will report functionally to Chairman of  Board Audit and Risk Committee, and administratively to Chief Executive Officer.

 Deadline

17th January 2021, 1600 hrs

Interview and Selection

Only shortlisted candidates will be called for an interview.

Applicants who do not possess the required academic qualification, experience and skills will not be considered for  interview.

How to Apply

Interested candidates please send updated CV only to [email protected]

11 January 2021
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