Financial Internal Control Manager (DM&T)

JOB PURPOSE:

Implement a world-class standardized control environment across the ADNOC Group (HQ and Group Companies), related to Internal Controls by designing, testing, and adopting a leading internal control framework (e.g. COSO) while ensuring compliance with all applicable laws (such as ADAA resolution no. 88, etc).

ACT AS INTERNAL CONTROLS CHAMPION AND SUBJECT MATTER EXPERT FOR DOWNSTREAM INDUSTRY MARKETING AND TRADING DIRECTORATE. LEAD ADNOC CONTROL FRAMEWORK IMPLEMENTATION FOR ALL ASPECTS OF DOWNSTREAM INDUSTRY MARKETING AND TRADING (DIM&T) DIRECTORATE TO ENSURE EFFECTIVENESS AND ENHANCE EFFICIENCY OF INTERNAL CONTROLS ACROSS ADNOC GROUP.

KEY ACCOUNTABILITIES:

Job Specific Accountabilities

• Contribute to the development of the Internal Control long-term strategy and related short-term plans for DIM&T Directorate.

• Develop, implement and periodically review internal control governance documents such as: policy, guidelines, procedure for DIM&T Directorate.
• Issue mandates, guidelines and support group companies in undertaking Internal Control activities.
• Identify and highlight control automation opportunities for significant processes to enhance the automation landscape at ADNOC.
• Monitor implementation status of internal control and participate in the preparation of consolidated results for the DIM&T Directorate.
• Review documentation with respect to testing of internal controls for scoped in processes of DIM&T Directorate in accordance with approved policies, procedures, and DOA, to prevent any errors, fraud, or deviations from the established control mechanisms.
• Identify areas of concern, based on reports and updates received from Group Companies, and prepare related reports to Internal Control Division.
• Assist group companies within DIM&T Directorate in strengthening their entity level, fraud risk and IT general controls while providing remediation support for gaps identified.
• Act as focal point for the DIM&T Directorate in solving internal control related issues or escalate to management (VP Internal Controls) when necessary.
• Provide on-going support to External Auditors, Internal Auditors, and other functions in relation to Internal Controls activities.
• Organise regular meetings between ADNOC F&I and the DIM&T Directorate, acting as a liaison, to support the implementation, testing and optimisation of internal controls.
• Facilitate in organising meetings between the Internal Controls team and the respective business owners, to discuss roadblocks/challenges (if any), discuss concerns and gaps in financial data, and determine adequate remediation plans.
• Prepare Internal Controls related reports, in line with relevant reporting standards, in order to timely inform Management on any related material findings or issues.
• Support in organizing required trainings with respect to Internal Controls.
• Ensure timely documentation of Internal Controls activities in Archer GICS tool.
• Identify enhancement opportunities (ex; dashboards developments, report enhancements, etc.) for Archer GICS tool and provide implementation support for the same.
• Monitor the status of fraud risk controls testing for the DIM&T Directorate.
• Oversee and monitor the development and implementation of ADNOC Control Framework for the DIM&T Directorate.
• Act as a focal point for DIM&T Directorate Assurance Committee.

Generic Accountabilities

Supervision

• Plan, supervise and coordinate all activities in the assigned area to meet functional objectives.
• Train and develop the assigned staff on relevant skills to enable them to become proficient on the job and deliver the respective business objectives.

Budgets

• Provide input for preparation of the Function / Division / Department / Section budgets, assist in the implementation of the approved Budget, and work plans to deliver business objectives.
• Investigate and highlight any significant variances to support effective performance and cost control.

Policies, Systems, Processes & Procedures

• Implement approved Function/ Division/ Department/ Section policies, processes, systems, standards and procedures in order to support execution of the work programs in line with Company and International standards.

Performance Management

• Contribute to the achievement of the approved Performance Objectives for the Function/ Division / Department/ Section in line with the Company Performance framework.

Innovation and Continuous Improvement

• Identify and support in implementation of new tools and techniques to improve the quality and efficiency of operational processes.
• Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with best industry standards to define intelligent solutions for issues confronting the function.

Health, Safety, Environment (HSE) and Sustainability

• Comply with relevant HSE policies, procedures, controls, applicable legislation, and sustainability guidelines in line with international standards, best practices and ADNOC Code of Practices.

Reports

• Provide inputs to prepa