Core Assurance Manager

OVERVIEW

Position

Core Assurance Manager

Job Code

Reports to

Internal Audit - Senior Manager

Direct Reports

Internal Audit - Lead

Division/Section

Department

NEOM Internal Audit

Sector

N/A

Job Family

Role Purpose

As Audit Manager, you will spearhead the development and execution of high-quality audits while fostering a culture of knowledge sharing and continuous development within the team. You will leverage your deep expertise and analytical prowess to lead the delivery of allocated audits within the audit plan and provide relevant technical support to the delivery of other NEOM Integrated Internal Audits within time and budget requirements. You will identify potential risks, and ensure compliance with regulatory frameworks. Your leadership will be instrumental in ensuring empowering your team, fostering collaboration, and facilitating the seamless transfer of knowledge.

BACKGROUND, SKILLS & QUALIFICATIONS

• 7-9 years of experience in Audit, or other compliance functions.

• Required experience:
  • Experience of supporting engagement with External Auditors and integrating the work of Internal Audit with other Lines of Defense in an organization.
  • Experience in one or more of the following business functions: shared service operations, compliance, finance, legal and IT.
  • Experience in internal audit practices, principles & procedures, delivery of integrated audits, corporate governance requirements and the ability to work in a fast paced, globally significant start up organization. 
  • Experience of being involved in the successful use of technology to automate the operations of an internal audit function to provide a more efficient and effective function.
  • Strong speaking, presentation, mathematical, analytical, communication (written and oral), time management and decision-making skills.
  • Self-starter and ability to manage time and meet deadlines with little supervision in a fast moving and multi- cultural organization.
  • Has led multiple teams, and managed co-source partners.
  • Knowledge of risk assessment models, auditing standards, reporting procedures, delivery of integrated audits.
• Preferred/ recommended experience:
  • Certifications in the following areas are an advantage:
  • Accounting Standards – IFRS
  • Understanding of core standards relevant to NEOM
  • Property, Plant and Equipment – IAS 16
  • Impairment – IAS 36
  • Revenue recognition – IFRS 15
  • Consolidation – IFRS 10
  • Joint venture accounting – IFRS 11
  • Construction accounting – IAS 11
• Qualifications sought
  • Bachelor’s degree or equivalent qualification.
  • CIA/CFE/CISA certification and/or CPA/ACA etc. professional accounting qualification.

KEY ACCOUNTABILITIES & ACTIVITIES

Technical Audit Skills

• Maintains current knowledge of the IPPF, and technical applicability into relevant audits.
• Adopts a risk based approach in accordance with The IPPF for annual audit plan, makes adjustments when needed
• Ensures effective delivery of comprehensive audits of central functions, such as HR, Legal, IT, Procurement, etc. Subsidiaries and Joint Ventures, to assess compliance with policies, procedures, and regulatory requirements.
• Performs in-depth financial audits of various finance components including budgeting, forecasting, financial reporting, treasury operations, etc., to ensure accuracy and integrity of financial information.
• Identifies control weaknesses or process inefficiencies within central functions or finance components and provide recommendations for improvement
• Supports updates to NIA Charter and Audit Methodology.
• Supports NIA’s Quality Assurance Improvement Programme (QAIP)

Management

And Oversight

• Analyzes own strengths and weaknesses to maximize personal contribution to the organization
• Anticipates and responds sensitively to staff problems, concerns and questions
• Strives for quality and excellence and encourages others to do the same
• Ensures effective team working by providing leadership, performance guidance, and support to NIA junior audit team members through coaching, feedback, and mentoring.
• Participates in on-going IA projects to identify various business risks and non-compliance.
• Performs real-time reviews of the audit team deliverables and provide constructive feedback as and when necessary
• Ensures that audit methodology and best practices are adhered to during the execution of audits and projects.
• Role model NEOM Values demonstrating effective leadership to all NIA team members.
• Understands and proactively manages IA leading practices and supports the evolvement of NIA into a world-class audit function.
• Provides opportunities and proactive input in the development and career needs of others
• Demonstrates strategic understanding of organizational context through thorough understanding of internal and external issues that can impact the organization and its objectives.