Chief Internal Auditor - Office of the CEO

The Chief Internal Auditor (CIA) is the head of CIMA’s Internal Audit Function and acts strategically and tactically to provide leadership, management and co-ordination for the delivery of internal audit services in accordance with the IIA Global Internal Audit Standards, and the Board approved Internal Audit Charter. The CIA is accountable for the overall performance of the Internal Audit function. The CIA reports functionally to the Audit & Finance Sub-Committee of the Board of Directors (A&FSC), and administratively to the Chief Executive Officer (CEO) of the Cayman Islands Monetary Authority (“CIMA” or “the Authority”). The CIA has full discretion in selecting audit subject matters and scope. In doing so, the CIA ensures that the Internal Audit function remains independent and free from undue influence and delivers unbiased judgment and advice to the A&FSC/the Board, and the CEO.

RESPONSIBILITIES

The successful candidate will

• Provide independent audit opinion and advice to the A&FSC and the CEO, on the effectiveness of CIMA’s governance, risk management and internal controls, to strengthen the oversight function of the Board;
• Prepare and implement a strategic plan to deliver the Internal Audit mandate and for the ongoing development of the Internal Audit function and monitor and communicate progress updates on the strategic plan, as required;
• Be responsible for the recruitment, management and supervision of all Internal Audit staff;
• Develop a risk-based Internal Audit Work Plan to align with CIMA’s strategic objectives and risk management framework and review and revise, in response to significant operational and strategic changes, in consultation with, and approval of the CEO and A&FSC;
• Develop and maintain appropriate policies, procedures and methodologies to enable staff to carry out audit engagements in compliance with professional Internal Audit Standards and best practice, and implement suitable technological tools and techniques, as necessary, to enhance efficiency;
• Issue audit reports to the A&FSC and senior management to communicate audit findings, practicable recommendations, and management action plans for improvement;
• Establish effective systems and processes to track, monitor and report on management’s implementation of audit recommendations and corrective action plans; and
• Work closely and collaboratively with senior management to discuss and agree audit work plans, communicate audit results, provide advice and consultancy, make sensitive enquiries and assessments during audit delivery, and ensure effective implementation of recommendations and action plans.

REQUIREMENTS

The minimum qualifications required to successfully perform the job are as follows:

• Professional Internal Audit qualification (CIA certification or equivalent);
• Professional accounting qualification (CPA, ACCA, CA or equivalent) and/or Masters’ degree in audit, finance, business or other related field;
• Minimum of 10 years post qualification experience in Internal Audit practice, with at least 8 years at a senior Internal Audit management level, interacting with senior leadership and officials;
• Significant knowledge of and experience in applying the IIA’s Global Internal Audit Standards and Professional Practices Framework;
• Considerable experience and understanding in implementing and/or evaluating corporate governance, risk management and internal control frameworks and procedures;
• Ability to work in high pressure situations and demonstrate resilience and flexibility in the face of resistance, at times;
• Strong professional ethics, integrity and confidentiality to handle sensitive and high-level matters and build trust with senior management, the A&FSC and the Board;
• Broad understanding and awareness of financial services regulation; and
• Broad understanding and experience in the operations of the Cayman Islands Government’s governance and policy development frameworks.

Caymanians, persons possessing Caymanian Status, Permanent Residency, or Residency Employment Rights Certificate are encouraged to apply. Direct applicants only. Applications received from agencies will not be accepted at this time. Salary: CI$139,590 - CI$183,831 per annum. A competitive benefits package is also offered including health insurance, pension, vacation, life insurance. Application form may be completed online by visiting careers.cima.ky Application Deadline: 6 November 2026 (Only shortlisted candidates will be notified) Requisition ID: 2026-145