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Chief Internal Auditor (04M)

SUMACO MANPOWER - Abu Dhabi, United Arab Emirates

Ref. SU9463580 Date Posted: 2016-12-12

Job Description

Basic Function:

Manages the activities of Internal Audit Department to provide an independent, objective assurance and consulting activities that add value and improve Company operations to accomplish its objectives. Manages assigned Internal Audit activities within Company and the Group Companies to evaluate and contribute to the improvement of governance, risk and control processes using systematic and disciplined approach. Supports the A&AD Manager in his role as Secretary to tile Audit Committee and as Division Manager in the periodic reporting to the Audit Committee and Senior Management on audit activities, performance, significant risk exposures, controls/governance issues and other related matters

Work Performed:

A&AD Governance & Planning

  • Manages the activities of assigned personnel in Internal Audit Department. Performs supervisory functions, develops objectives, performance targets and exercises financial authority at Department Head level as established by Management for the position.
  • Participates in the development and updates of the Audit & Assurance Charter, Audit Methodology and Procedures' Manual.
  • Supports the Division Manager in the periodic reporting on Audit activities and performance relative to its plans, significant risk exposures, controls/governance issues and other related matters.
  • Participates in managing the preparation of the periodic Risk Assessments for audit planning purposes.
  • Participates in the development of the Division's Risk-Based Work Plans, consistent with the inputs from Audit Committee/Director General/Management, to determine the priorities of the Internal Audit activities.
  • Schedules Internal Audit's personnel assignments and submits for the Division Manager's approval.

A&AD Operations

  • Manages the activities of the Internal Audit Department to perform an objective and independent appraisal of Operational/Financial activities within Company and assigned JD/ Chief Internal Auditor 11

Group Companies in order to provide reasonable assurance in respect of the following:

ü  Adequacy and effectiveness of governance, risk and control framework/ processes;

ü  Consistency of operations/programs with the established goals and objectives;

ü  Reliability and integrity of financial, operating and management Information  produced within the various organizational units; and the means used to identify, measure, classify and report such information;

ü  Means of safeguarding Company assets and the economy and efficiency with which resources are employed;

ü  Adequacy, soundness and application of the accounting, financial and other operating, management, and administrative controls/procedures; and

ü  Extent to which established policies, plans, systems and procedures are adequate, being complied with, as well as their compliance with applicable laws and regulations.

  • Manage assigned special / unplanned Internal Audits, investigations and major fraud reviews.
  • Manages the planning, execution and reporting of individual Internal Audit activities.
  • Reviews and edits Internal Audit Reports and submits the same to A&AD Manager for review and approval.
  • Reviews and approves the audit program, working papers and documentation of assigned audit areas.
  • Performs quality review and monitors adherence to approved audit procedures with regards to all functional and administrative activities performed by the Department staff.
  • Manages the Department's follow-up audit activities and periodically reviews and updates the status of the management action plans.
  • Participates in the development and implementation of the automated Audit Management System.
  • Participates in the development of training and development plans for the Division personnel including Company Competency Programs for Entry Level UAE Nationals.
  • Manages assigned co-sourced Internal Audit services, monitors performance and administers related activities.
  • Participates in coordinating with the External Auditors, when required. SPC/Group Roles and Responsibilities
  • Supports the Secretary of the Audit Committee in arranging Audit Committee
  • Represents the Division and participates, in an advisory role, in the Group Companies Audit Committees' (sub-committees of the Companies' Boards) meetings to provide functional and professional advice on audit related activities.
  • Participates in Internal Audit Group (IAG) to coordinate and promote knowledge sharing, audit standards, leading practices, common frameworks, methodologies, processes and training programs across Company and the Group Companies.
  • Participates in initiating/promoting the establishment and continuous improvement of the Corporate Governance Framework including Enterprise Risk Management, Corporate Code of Conduct, Ethics and Values.
  • Provides professional advice on the Group Companies' Audit Committee Charter, IA Charter and IA Methodology/Procedures. Provides assistance in the establishment of Group Audit Committees/IA functions and related governance, when assigned.
  • Participates in initiating and coordinating the Group-wide specialized professional training programs.
  • Participates in special committees to provide independent and objective professional advice and consultancy services.

Work Contracts:

  • Frequent contacts within Company personnel at all levels of Management up to Director Level as necessary during the conduct of audits.
  • Regular contacts with Company Group Companies' Audit Committee Chairmen and Members to provide advice on Committee's activities.
  • Regular contacts with Management of the assigned Company Group Companies up to CEO / GM level with regards to the Group Company audit matters.
  • Frequent contacts with Internal Audit Service Provider(s) to monitor performance of services under co-sourcing agreement(s).
  • Regular contacts with Company External Auditors and other assurance providers to ensure adequate audit coverage and minimize duplicate efforts.
  • Contacts, as required, with Abu Dhabi Accountability Authority (ADAA) regarding government audits.

Independence of Operation:

  • Reports to Audit & Assurance Division Manager.
  • Works guided by corporate policies and functional objectives including Audit Committee Charter and Audit & Assurance Division Charter, International Professional Standards and Ethics. Consults with the Audit & Assurance Division Manager on major issues relating to general principles or policies.
  • Work accomplishments are subject to managerial review.

Supervisory Responsibility:

  • Supervises:         3 Sr. Internal Auditors

1 Internal Auditor

                Total:                     4 Subordinates

Physical Effort:

  • Minimal

Work Environment:

  • Norma office environment

Skills

  • Bachelors' Degree in Accounting/Auditing and mandatory professional qualification (e.g. CIA, CPA, ACA, ACCA or equivalent).
  • 13 years relevant experience in Internal Auditing with varied experience in oil, gas or related industries and their inherent challenges/risks in the context of corporate function.
  • In-depth knowledge of International Professional Practices Framework (IPPF) and other standards and their interpretation and application to Internal Auditing practice.
  • High interpersonal skills in line with the Corporate Role that requires interaction with all levels of Management and Group Companies.
  • High level of proficiency in English and Arabic

                                                                                                                

Education

Bachelors' Degree in Accounting/Auditing and mandatory professional qualification (e.g. CIA, CPA, ACA, ACCA or equivalent

Job Details

Job Location:Abu Dhabi, United Arab Emirates
Company Industry:Oil /Gas
Type of Company:recruitment
Job Role:Accounting/Banking/Finance
Joining Date: Unspecified
Closing Date: Unspecified
Employment Status:Direct Hire
Employment Type:Employee
Monthly Salary Range:Unspecified
Manages Others:Yes
Number of Vacancies:5

Career Level:

Years of Experience: Min: 15 Max: 20
Residence Location: United Arab Emirates
Gender: Male or Female
Nationality: Any
Degree: Bachelors degree / higher diploma
Ref. SU9463580