MetLife

Role Value Proposition:  

The Head of Audit, Egypt, is part of the Europe, Middle East and Africa (EMEA) region and reports into the Head of Audit, Gulf and Levant. The role holder is also the principal audit leader for all audit activities performed in Egypt and is supported by one direct report.

The role holder is responsible for determining and agreeing appropriate audit coverage as part of an annual risk-based plan; effectively leading, performing and communicating the results of internal audits, including audits of core operational or financial processes, regulatory required activities, and strategic business projects. The role also includes relationship management responsibilities with Egypt leadership team. This includes preparing papers for, and attending local governance forums, such boards, risk committees, and supervisory committees, as well as interacting with local regulators as required. As part of the Europe, Middle East & Africa (EMEA) audit team, the role holder may also participate in sub-regional or regional audit activities or projects as required.

Key Responsibilities:  

·         Lead the detailed planning and execution of individual audit engagements, including complex operational and financial audits, with input and guidance from the Head of Gulf and Levant Audit.

·         Assess the efficiency and effectiveness of the company’s internal control environment, ensuring controls are appropriately designed and operating effectively in line with company policies, regulatory requirements, and industry best practices.

·         Evaluate the extent to which all departments perform their activities in compliance with internal policies, procedures, and delegated authorities, and identify any overlaps, gaps, or conflicts in responsibilities.

·         Perform periodic risk assessments across all ongoing projects and business activities in Egypt, ensuring risks are regularly updated, monitored, and evaluated, and provide recommendations for audit coverage to senior audit leadership.

·         Assess the effectiveness and continued suitability of company policies and procedures in light of business strategy, operational changes, and evolving market and regulatory developments.

·         Communicate audit findings, control weaknesses, and risk exposures to management, and work collaboratively to agree on practical and timely corrective action plans.

·         Prepare and present clear, professional audit reports for senior management and relevant governance bodies, including the Internal Audit Committee, highlighting key observations, root causes, and risk implications.

·         Track and follow up on the implementation of agreed action plans, ensuring timely remediation of observations arising from:

-          Internal audit reviews

-          External audit reports

-          Regulatory and supervisory authority reviews

·         Anticipate emerging risks and issues through ongoing research, data analysis, and stakeholder interviews, and proactively recommend mitigation actions.

·         Actively participate as a member of the Egypt senior management team, contributing to leadership forums and providing independent assurance and advisory insights.

·         Manage and maintain effective relationships with auditees, senior management, external auditors, and regulators through open and professional communication.

·         Oversee the performance management, coaching, and development of internal audit resources in Egypt.

Essential Business Experience requirements:

• 8+ years of progressively responsible audit experience including roles in audit control, public accounting, risk management and/or advisory experience. Insurance and Banking is Must.
• Business experience in insurance products, operations, risk management and other areas of financial services.
• Strong knowledge of audit practices, procedures, and principles with the ability to interpret and analyze complex concepts and apply these in innovative ways.
• Good knowledge of international audit standards and strong knowledge about local regulatory requirements.

Essential Technical Skills:

• Strong communication and presentation skills, and ability to work with senior management and other stakeholders.
• Excellent analytical, organizational and communication skills (written and verbal).
• Language proficiency in English.
• Must have executive presence with ability to influence decision making.
• CPA, CIA, or an equivalent professional qualification is required.