Description :
Grade Level: L4
Location: Islamabad
Last date to apply: 30 Jan 2025
What is Head of Internal Audit - JazzCash?
The Head of Internal Audit - JazzCash is a critical leadership role responsible for overseeing the internal audit function at JazzCash, ensuring its alignment with the Group Internal Audit Strategy and organizational objectives. Reporting functionally to the Head of Internal Audit at Jazz and administratively to the President of JazzCash, this role involves leading the planning, execution, and delivery of audits for JazzCash and JCPL. A key aspect of the role is the preparation and presentation of comprehensive, insightful, and high-quality audit reports to stakeholders, including the Board and relevant Committees.
In addition to technical execution, the role demands building and managing strong relationships with key stakeholders, acting as a trusted advisor to JazzCash management on governance, risk, and control matters. The Head of Internal Audit-JazzCash plays a pivotal role in driving value creation for the business by providing actionable insights and fostering a culture of continuous improvement. This position is at the forefront of safeguarding the organization's integrity, accountability, and operational excellence.
What does Head of Internal Audit - JazzCash do?
The Head of Internal Audit - JazzCash plays a pivotal role in ensuring the effectiveness and reliability of the internal audit function, aligning it with the organization’s goals and the Group’s Internal Audit Strategy. Below are the key responsibilities elaborated:
- Strategic Implementation: The role involves implementing the Group Internal Audit Strategy specifically tailored for JazzCash, ensuring alignment with the organization’s broader strategic objectives and compliance requirements.
- Audit Universe: Developing and maintaining a comprehensive and dynamic audit risk universe that aligns with the strategic priorities, operational risks, regulatory requirements, and core business processes of the organization. Conduct periodic assessments and updates to ensure the risk universe remains current, incorporating emerging risks, changes in business operations, advancements in technology, regulatory developments, and evolving industry trends.
- Audit Planning and Execution: The Head of Internal Audit ensures the development and delivery of an effective internal audit plan for both JazzCash and JCPL. This includes comprehensive planning, efficient execution, and ensuring that audit objectives are met with measurable outcomes.
- Risk Management and Governance Assessment: A core responsibility of the role is to independently and objectively assess the reliability of risk management systems, internal control mechanisms, and corporate governance frameworks. This ensures that potential vulnerabilities are identified and mitigated effectively.
- Compliance with Standards and Policies: The role requires strict adherence to the International Professional Practices Framework (IPPF) Standards and Guidance, the Internal Audit Charter, and Group-level policies, ensuring that all audit activities meet the highest standards of quality and integrity.
- Stakeholder Management: The Head of Internal Audit builds and maintains strong relationships with JazzCash management and other key stakeholders. Acting as a trusted advisor, the role provides guidance on governance, risk, and control matters, fostering a collaborative environment for improvement and compliance.
- Audit Committee Secretary: The Head of Internal Audit is responsible for understanding secretarial practices and serve as the secretary to the JazzCash and JCPL Audit Committees. This includes managing the agenda, documentation, and communication to ensure that the committees operates efficiently and effectively.
- Reporting and Communication: The role involves providing timely, accurate, and insightful updates and reports to key stakeholders, including the Board, Sub-Committees, the President of JazzCash, and the Head of Internal Audit for Jazz. Clear and transparent communication is critical to maintaining trust and accountability across the organization.
Jazz is an equal opportunity employer. We celebrate, support, and thrive on diversity and are committed to creating an inclusive environment for all employees.
Requirements
What are we looking for and what does it require to be Head of Internal Audit - JazzCash?
The ideal candidate for the Head of Internal Audit - JazzCash role should possess a robust combination of technical expertise, industry knowledge, leadership capabilities, and exceptional interpersonal skills to effectively lead the internal audit function. Below are the key qualifications and attributes we seek:
- Extensive Work Experience: A minimum of 10–12 years of professional experience in internal audit or similar roles, with a proven track record of managing complex audits and delivering results in dynamic and challenging environments.
- Leadership: Demonstrated experience in leading and managing cross-functional teams, fostering collaboration, and driving high performance. The candidate should have a strong ability to motivate colleagues and assigned resource.
- Board and Senior Management Engagement: Significant experience working with Board members, Audit Committees, and senior management, including the ability to present findings, influence decisions, and gain buy-in for recommended improvements.
- International Exposure: Prior experience working in an international company, preferably with exposure to global best practices in audit, governance, and compliance, is highly desirable. This ensures the candidate is equipped to align local operations with global standards.
- Industry Expertise: A strong background in the banking industry is essential, with a sound understanding of regulatory requirements, particularly those mandated by the State Bank of Pakistan (SBP). Experience in fintech is highly desirable, given the evolving landscape of digital financial services and the unique challenges it presents.
- Communication Skills: Exceptional written and verbal communication skills in English are mandatory, along with proficiency in local business languages. The candidate must be capable of delivering complex information clearly and concisely to stakeholders at all levels.
- Professional Certifications: Possession of a recognized certification in internal audit or related fields, such as ACA, ACCA, or equivalent, is essential. Additionally, qualifications in IT audit, such as those offered by ISACA, are highly desirable, given the increasing reliance on technology and digital systems in financial services.
Benefits
Why Join Jazz?
As one of the leading employers in the country, Jazz epitomizes the philosophy that each Jazz employee is passionately living a better every day inspired and enabled by visionary leadership, a unique professional culture, a flourishing lifestyle, and continuous learning and development.
Our core values include qualities essential for a positive organizational culture - truthfully guiding entrepreneurial and innovative mindsets, harnessing professional and interpersonal collaboration, and fostering across-the-board customer-obsession.
As one of the largest private sector organizations in Pakistan, our objective is to continue to change the lives of our 70 million customers for the better. This is an opportunity for someone who wants to be part of something transformative, someone who can play a critical role in driving our success. Together, we can empower millions more with the tools necessary to progress in an increasingly digital economy.
