Manager, Internal Audit (Operations)
Job Id 22779 Category Legal, Compliance & Audit United Arab Emirates Company Name ADNOC Distribution Abu Dhabi 09/12/2024
To manage and execute a comprehensive program of internal audit for the company in accordance with the Internal Audit Charter, AAD Manual, Procedures, Institute of Internal Auditors (IIA) Standards and requirements from other regulatory bodies.
Ensures that internal control system for integrity and reliability of financial, operational and information technology are reviewed at appropriate intervals and effective value-added recommendations are made for corrective / preventive actions as required, working with high ethical standards.
Develops AAD strategy, business objectives, Balance Scorecard, Budget, Annual Risk Based Audit Plan and ensures their effective implementation.
Directs and supervises Internal Audit Department activities and provides guidance to staff as and when required in order to discharge their responsibilities efficiently and effectively.
Ensures optimum utilization of resources and quality of deliverables as per the standards established by AAD management.
Manages and supervises the activities of assigned personnel in Internal Audit Department. Performs supervisory functions and exercises financial delegation of authority at the Department Manager level as established by Management for the position.
Participates in setting business objectives of AAD in line with overall business objectives of the Division. Submits the same for VP – Audit & Assurance approval.
Participates in the identification and assessment of business risks within assigned areas of responsibility.
Supervise annual risk assessment exercise and its periodic reviews for necessary updates, as per the applicable regulations and requirements.
Supervise preparation of Annual Risk-Based Internal Audit Plan, consistent with the inputs from Audit Committee, CEO, Management, to determine the priorities of the Internal Audit activities and coordinates with VP - Audit & Assurance to ensure that it is included as part of the overall audit plan.
Develops and updates audit methodology, procedures manuals and other guidelines.
Supervises and endorses by reviewing audit objective, scope and audit approach for each audit review which are prepared by audit staff.
Supervises and reviews audit programs, risk and control matrices prepared by audit staff.
Directs each audit to ensure that requirements of professional standards are followed consistently in all audits / review engagements.
Leads opening and closing audit meetings as well as address audit clients' queries.
Reviews financial / operational audit work-papers and counsels and guides auditors to ensure that approved audit objectives have been met with adequate coverage of all relevant areas. Monitors and follows up schedules of assignment and ensures tasks are successfully completed according to annual audit plan on priority basis.
Reviews that sufficient appropriate audit evidence has been obtained to support the conclusions and recommendations.
Reviews audit reports with audit staff and participates in discussions of the reports with relevant management. Submits final reports to VP - AAD for review / approval prior to issuance to Audit Committee, CEO and Senior management.
Advises and recommends enhancements in business processes and management controls designed to mitigate business risks, controls to safeguard company assets, improvements to areas of growth and improve profitability / economies.
Reviews management and operating systems, procedures & controls and audit techniques.
Performs audit reviews of assigned areas in Company to promote effective and efficient controls at all levels of management.
Reviews and comments on proposed company policies and procedures related to assigned area of responsibility.
Performs ad-hoc reviews, special audits and fraud investigation, as directed by the VP - AAD.
Represents AAD in special committees observing independence and objectivity to provide professional advice and consultancy services, as directed.
Participates in the process of hiring, training and development of audit staff and UAE National graduates.
Ensures implementation of approved audit methodology as defined in IA Procedure Manual.
Liaises with Auditees to ensure smooth conduct of audit.
Reviews customer feedback and highlights areas of improvement.
Prepares and submits IAD periodic (monthly, quarterly, annual) progress reports to VP - AAD covering various areas including implementation status of Audit Plan, budget performance, audit recommendation's implementation status, departmental KPI status, areas of concerns requiring VP-AAD / senior Management's attention etc.
Ensures that AAD practices are aligned with the requirements of IIA standards and other regulatory bodies (ADAA etc.) as well as with ADNOC's audit methodology.
Perform quality review and monitor adherence to approved audit procedures with regards to all functional and administrative activities.
Manage the assigned co-sourced Internal Audit services, monitor performance and administers related activities. Provide and direct team to provide advisory services in the area of Governance, Risk and Controls.
Resolve disputes and escalate to management any issues that cannot be resolved to the appropriate level.
Liaises with regulators/ external reviewers to provide the required internal audit documentations, draft timely action plans for areas of improvements after consulting VP - AAD and perform regular follow up for closing accepted observations.
Lead the follow-up audit activities and periodically review and update the status of the management action plans.
Manages follow-up activities on corrective actions to audit findings to periodically monitor and report to the Audit Committee and Senior Management, including effective follow-up audits, ensure corrective action plans are appropriate, timely, sustainable, and executed.
Manages Internal Audits participation in critical business and technology initiatives and projects on a proactive basis.
Manages the activities of co-sourcing consultant firms providing internal audit services on co-sourcing basis including their performance monitoring.
Bachelor degree in commerce/science or any other relevant discipline
12 years of experience in Internal Audit department of a company in Oil and Gas Sector, including 5 years of experience in supervisory/ managerial role.
Experience in the Oil and Gas industry is preferred.
Strong verbal and written communication skills in English, knowledge of Arabic is an advantage
In-depth knowledge of business processes and systems
Excellent report writing skills and presentation skills
Excellent knowledge of Microsoft Office, especially Word, Excel and PowerPoint
Ability to work independently and manage a team
Critical Thinking & Analysis skills
Thorough understanding on the internal audit, corporate governance and risk management
* Professional certifications such as CIA, CPA, CFE, ACCA, CPA, ACA, CISA
