Internal Auditing Manager

The internal audit manager performs risk assessments for companies, focusing specifically on the organization's finances. Their complex audits relate to the compliance, operations, and finances of a company, and they must meet the standards set by the Professional Practice of Internal Auditing for each audit. They are often in regular communication with auditors outside of the company and keep up to date with current changes in their field.An internal audit manager also constantly reviews and assesses the impacts of their recommendations on the company; their goal is to make the company as financially efficient as possible. As a manager, they likely will have a team working underneath them that they will be responsible for supervising and leading. Internal audit managers must also relay their findings and recommendations to their superiors.An internal audit manager is expected to have a very thorough understanding of financial structures. The position requires an undergraduate degree in accounting or finance, as well as two to six years' experience. Many employers prefer a master’s degree in the field and previous managerial experience.

As an Internal Auditing Manager in the United Arab Emirates with 0-3 years of experience, your main responsibilities are:

• Conduct internal audits to assess the effectiveness of internal controls and identify areas of improvement.
• Develop and implement audit plans, including risk assessment, audit objectives, and testing procedures.
• Analyze financial data, processes, and systems to ensure compliance with regulations and industry standards.
• Communicate audit findings and recommendations to management, and collaborate on the development of corrective action plans.

The role of an Internal Auditing Manager is crucial for ensuring effective internal controls and risk management. For professionals with 0-3 years of experience in the AE, here are four alternative roles to consider:

• Compliance Officer: A position involving the development and implementation of policies and procedures to ensure adherence to regulatory requirements.
• Risk Analyst: A role focused on identifying and assessing potential risks, conducting risk assessments, and recommending risk mitigation strategies.
• Operational Auditor: A position involving the evaluation of operational processes and procedures to identify areas for improvement and efficiency enhancement.
• Quality Assurance Analyst: A role focused on ensuring compliance with quality standards, evaluating internal processes, and implementing quality improvement initiatives.

The job role of Internal Auditing Manager in the United Arab Emirates is projected to experience significant growth in the market. According to a 10-year analysis from Google, there is an increasing demand for professionals in this field. The number of employment opportunities for Internal Auditing Managers is expected to rise due to the evolving business landscape and the increasing importance of risk management and corporate governance. The data indicates a positive outlook for this role in terms of employment prospects and highlights the potential for career growth in the future.