Key Responsibilities

Enterprise Risk Management:

• Facilitate FIVE’s enterprise risk management practices including risk assessments as well as development and assessment of risk mitigation strategies and other projects
  
• Advise risk owners on developing strategies and emerging risks and extend risk principles within the strategic planning process and within the development and monitoring of strategic initiatives
  
• Maintain core enterprise risk management tools and measurement methodologies that align with the FIVE Group
  
• Aggregate and report risk information and data from various departments to enable effective review, analysis, reporting and sharing of risk data with key stakeholders
  
• Facilitate the training and community awareness of enterprise risk management.  
  

Operational Risk Management:

• Document/update SOPs for each of the material areas of operation and finance
  
• Consult with risk owners in functional areas to identify, assess and mitigate operational risk within those departments 
  
• Develop an internal control review check list and perform reviews periodically
  
• Advise senior leadership regarding operational risk hazards and intentions
  
• Recommend risk mitigation strategies for insurable and non-insurable risk
  
• Employ technology to identify, mitigate and monitor operational risks
  
• Coordinate with management to develop risk registers in accordance with the Enterprise Risk Assessment for presentation at the Board committees and ensure alignment with Enterprise Risk Management
  

Internal Audit

• Manage outsourced internal audit services delivered by the third-party internal auditing service provider. Develop and implement an appropriate governance model and procedures that are aligned with the IIA standards
  
• Develop internal audit calendars for 2-3 years for both core and support processes
  
• Implement and maintain a Quality Assurance Improvement Program that monitors the effectiveness of the Internal Audit function
  
• Direct the outsourced internal audit provider in the execution of the internal audit plan for FIVE
  
• Facilitate scoping and planning of internal audits, identify and coordinate with internal audit stakeholders to align on audit objectives and approach
  
• Oversee all internal audit activities and resolve any conflicts or roadblocks to ensure the timely execution of reviews
  
• Ensure quality is embedded in internal audit practices and in conformance with the standards promulgated by the Institute of Internal Auditors
  
• Review internal audit reports, confirm that audit findings are valid and factual and that audit stakeholders are in agreement prior to distribution to stakeholders. Ensure reports are circulated to senior leadership as well as to management for development and consensus on the implementation of corrective action plans
  
• Coordinate the follow-up and reporting of internal audit findings until the control gaps are remediated; ensure management's remediation activities are effective and report on the status
  
• Evaluate management's response to audit observations and the timeliness, adequacy of remediation
  
• Consult and provide guidance on system implementations and process improvements projects
  

What We’re Looking For

• Minimum 15 years’ experience in Internal Audit
  
• Experience in listed company environment(s)
  
• Prior experience in the hospitality industry
  
• Big 4 experience in Risk consulting for large, listed companies
  
• Qualified Chartered Accountant from India or the United Kingdom