Senior Internal Auditor

Job description / Role

About the company

We are a global energy maritime logistics leader with a world-class asset base. We are the dedicated and vital logistics arm for ADNOC Group, providing mission critical and highly specialized services across ADNOCs entire value chain. We also provide market-leading, cost-competitive maritime and logistics solutions to over 100 global customers and ship to more than 50 countries across the world. As a global energy maritime logistics leader and the dedicated and vital logistics arm for ADNOC Group, we are driven to set the highest standards in shipping and maritime operations, pushing boundaries and pioneering new frontiers in sustainability. We are committed to delivering world-class solutions that are innovative and efficient, while always putting safety first.

About the job

- Ensures successful completion of assigned audit engagements, from start to finish, inclusive of preplanning and wrap up activities. Depending on assigned engagement, reports to one or more members of the Internal Audit management team. Applies risk and control concepts to scenarios encountered and identifies any potential issues.
- Assists in the periodic risk assessments and development of the divisions risk-based work plans including development of fraud risk assessment and scenarios for each area of the companys audit universe.
- Assists in the periodic reporting to the Audit Committee and senior management on internal audit activities, performance, significant risk exposures, controls/governance issues and other related matters.
- Manages, reviews, and directs daily activities of internal auditors and assistant auditors during an engagement.

Job specific accountabilities 1 - A:

Internal audit plan

• Participates in the development of strategic annual audit plan (AAP) based on the results of risk assessment exercise by defining audit spectrum and ensuring coverage of all operational and support areas under management accountability.
• Identifies potential fraud scenarios and risks in any area covered within the annual risk assessment exercise.
• Supports the division head in the periodic reporting on audit activities and performance relative to its plans, significant risk exposures, control/governance issues and other related matters.

Job specific accountabilities 1 - B:

Audit execution

• Executes independently different types of audits based on their nature such as performance audits, operational audits, technical audits, compliance, financial, projects and investigations audits.
• Assists auditors in the examination and analysis of records through executing audit program steps for the assigned audits.
• Develops process understanding of assigned business processes and determines business objectives, main functions, the nature of activities, potential risks and controls to be reviewed.
• Develops a detailed audit program / risk & control matrix (RCM) for the assigned audit including the objectives, potential risk, key controls, audit procedures and the use of audit techniques and tools to evaluate governance, risks and controls processes, and submits audit program for review and approval.
• Determines auditing procedures to be applied, including the use of information systems audit techniques, statistical sampling method or others.
• Ensures that adequate working papers and all relevant information are continuously documented and updated in the automated audit management system in accordance with predefined templates and audit procedures.
• Performs the audit in accordance with the approved audit program and ensures that audit objectives have been met to support the audit conclusions/results.
• Identifies, obtains, analyses, and appraises related systems and evidentiary data/information.
• Prepares working papers which record and summarize data on the assigned audit and the results of the audit examination.
• Conducts structured discussions with required engagement stakeholders during the course of the audit.
• Appraises the adequacy of the corrective actions taken by management on audit recommendations through follow-up audits and periodically reviews and updates the status of management action plans.
• Ensures that approved audit objectives have been met with adequate coverage of all relevant areas. Also ensures that sufficient appropriate audit evidence is obtained to support the conclusion and recommendations, and that the work has been performed in accordance with professional audit standards.

Job specific accountabilities 2:

• Participates in conducting special reviews and undertakes administrative duties as directed by Head of Internal Audit.
• Participates in conducting performance maturity assessment for any major processes/functions within the company.
• Participates in the development of Audit & Assurance Functions strategic plan and ensures its alignment with five-year business plan of the organization.
• Supervises audits in accordance with the approved RCM and professional standards on internal auditing.
• Ensures tasks assigned to junior staff are adequately performed and deliverables are in accordance with ADNOC Internal Audit procedures and quality standards.
• Identifies high risk areas and key control points of the system to be reviewed.
• Supports and provides assurance/advice over the implementation of internal control of financial reporting (ICOFR).
• Participates in the periodic internal and external quality assurance and improvement program and assists Audit Manager/head to report the same to Audit Committee.
• Supports in periodically assessing the maturity of the Audit Function and identifies action plans to move to next level of maturity.
• Maintains the timesheets and regularly updates the database.
• Executes audits and produces the report to auditee using Audit Management System.

Audit reports

• Prepares audit report with conclusion, expressing professional opinions on the adequacy and effectiveness of risk management, control systems and the efficiency with which activities are carried out. Recommends improvement options to rectify reported deficiencies, for Managers review.
• Recommends practical improvement options corresponding to the observations with an objective to contribute to the improvement of governance, risks and control processes to assist in the achievement of the company business objectives.
• Follows up on replies to issued draft and final audit reports.
• Reviews the adequacy of the corrective actions taken on audit recommendations/improvement options.

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Job specific accountabilities 3:

Coordination

• Liaises with ADNOC Logistics and Services management to obtain information required to perform and facilitate assigned audits.
• Supports the Secretary of the Audit Committee in arranging Audit Committee meetings, preparing the agenda, and minutes of meetings (MOMs) and reporting on Corporate Governance Framework, General Controls and other related issues as prescribed in the Audit Committee Charter.
• Conducts workshops or presentations to create awareness about IA function and demonstrate value addition across the ADNOC Logistics and Services.
• Communicates identified issues with Internal Audit management to ensure potential high-risk areas of concern are addressed in a timely and effective manner.
• Performs continuous control assurance tests as directed by the line manager and data analytics during the course of audit.
• Evaluates the systems effectiveness based on his/her business and audit experience and modifies, if necessary, the scope of the review, with the approval of the Manager.
• Conducts follow-up on the management action plans that will be overdue and reviews the submitted evidence for closure.
• Participates in special committees to provide independent and objective professional advice and consultancy services.
• Coordinates with different assurance providers in the organization in order to develop combined assurance map.

Professional ethics

• Demonstrates the consideration of ethics in audit engagements are incorporated in all audit activities and reports.
• 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.
• Demonstrates quality and continuous improvement, communicates effectively, and promotes organizational improvement.

Minimum requirements

• Bachelors degree in engineering, nautical, logistics, commerce, finance, or computer science.
• Masters degree or second bachelors degree in the relevant field is preferred.
• Eight years of experience in internal auditing or related fields, including varied experience within shipping, maritime, or logistics industries; or eight years of experience in shipping, maritime, or logistics companies with some experience relating to internal audit field; or eight years of experience in the IT field with some experience relating to internal audit field.
• Knowledge of internal audit standards, regulatory requirements, risk management and internal controls frameworks.
• Knowledge of the industrys operations, business processes, applicable laws and regulations.
• Proficiency in utilizing various business applications to gather and verify information with guidance.
• Knowledge of internal audit procedures, standards and best practices, including planning, techniques, tests, and sampling methods involved in conducting audits.
• Knowledge in different business process improvement in both financial and operational areas.
• Effective communication and presentation skills.
• High interpersonal skills in line with the corporate role that requires interaction with all levels of management in ADNOC Logistics & Services.
• High level of proficiency in English and/or Arabic.

Professional certifications

• Internationally accredited certifications in auditing and related domains such as Certified Internal Auditor (CIA), Certified Public Accountant (CPA), Associate of Chartered Accountant (ACA), Certified Information Systems Auditor (CISA), Certified Fraud Examiner (CFE), Certified Risk Management Accountant (CRMA) and other specialized certifications in auditing, business processes, information technology systems, financial analysis are preferred.
• Certified ISO 9001, 14001 and 45001 Lead Auditors may also be preferred for the role.

About the Company

We are one of the worlds leading energy producers, and a primary catalyst for Abu Dhabi’s growth and diversification.

We operate across the entire hydrocarbon value chain, through a network of fully-integrated businesses, with interests that range from exploration, production, storage, refining and distribution, to the development of a wide-range of petrochemical products.

Since 1971, we have created thousands of jobs, driven the growth of a diverse knowledge-based economy, and played a key role in Abu Dhabi’s global emergence.

Today, we continue to look for new and innovative ways to maximize the value of our resources, pioneering those approaches and technologies that will ensure we are able to meet the demands of an ever-changing energy market, and continue to have a positive impact on the Abu Dhabi economy for generations to come.