Manager, Internal Audit Quality and Excellence (IT Audits) (UAEN)

About the job

To lead/perform individual advisory and internal audit engagements, as part of the annual internal audit plan in order to contribute to providing reasonable assurance that Masdar’s internal controls achieve objectives and promote efficiency, effectiveness and reduce the risk of loss, as well as help ensure the compliance with Laws and Regulations. To perform annual risk assessment and develop advisory audit plan.

Key Accountabilities :

• Lead and manage technical /non-technical assurance /consulting engagements from planning phase to reporting phase.
• Liaise with Quality Reviewer, to ensure that all deliverables are quality reviewed before submission of same to process owners.
• Perform internal audit or advisory engagements covering Renewable Energy Portfolio Management (at Head Office and Masdar Platforms) with an objective to add value, enhance efficiency and effectiveness of underlying processes and recommend best practices.
• Utilize advanced data analytics techniques to identify patterns, trends, and anomalies in financial and operational data as part of audit and advisory engagements.
• Support in developing and delivering the annual operational business plans and KPIs for the unit and contribute to performance monitoring and reporting for the unit so that overall objectives are met.
• Prepare/ review the risk and control matrix (RCM) prepared by external consultant prior to the start of /during the audit fieldwork and submit to the Quality reviewer/ senior management for approval.
• Manage and execute the audit engagements as per the engagement plan including RCM and develop proper working papers to support the work done and audit findings noted and submit the same for quality review.
• Review work performed by field auditors and issues received from the field auditors and determine if other area or related activities need to be reviewed in order to reflect a correct picture of the company’s commercial health.
• Review of subordinate work papers for work completeness, meeting the objectives, and matching it against issues identified.
• Review audit issues/ draft audit report received from the field auditors and determine if other area or related activities need to be reviewed in order to reflect a correct picture of the company’s commercial health.
• Submit the draft audit report to senior management for review in line with the project time plan
• Review work performed by field auditors and issues received from the field auditors and determine if other area or related activities need to be reviewed in order to reflect a correct picture of the company’s commercial health.
• Review of subordinate work papers for work completeness, meeting the objectives, and matching it against issues identified.
• Review audit issues/ draft audit report received from the field auditors and determine if other area or related activities need to be reviewed in order to reflect a correct picture of the company’s commercial health.
• Submit the draft audit report to senior management for review in line with the project time plan.
• Manage client relationships (auditee) on assigned individual assignments and ensure achievement of targeted percentage on audit satisfaction survey issued after the completion of the audit.
• Develop and implement action plans on the areas of improvements identified by client in the audit satisfaction survey.
• Upload/ supervise and ensure that work papers are complete and uploaded in the internal audit database/ software.
• Ensure regular supervision and monitoring of fieldwork performed by the internal audit service provider assigned resources during the execution of audit fieldwork including reviewing the draft output documents developed by the assigned resources.
• Perform an evaluation of the performance of service provider for each audit engagement and communicate and discuss any concerns with the Line Manager/ ED, Internal Audit.
• Support in the follow-up audit exercise on a regular basis and supervise the work performed by the assigned internal and external audit team members.
• Review work deliverables and submit the reports to Line manager/ ED, Internal Audit for review and final issuance to Management /ARCC.
• Ensure compliance to requirements of “Continuous Monitoring” mentioned within Masdar QAIP manual.
• Perform “periodic self-assessments” to validate its continued conformance with the IPPF Standards and Code of Ethics.
• Develop tools for implementation of the QAIP across all engagements.
• Oversee successful implementation of the QAIP Program by guiding Internal Audit Team.
• Perform benchmarking of Internal Audit activities against leading practices and drive enhancements within Internal Audit function.
• Use risk-based selection approach of audit files and other audit-related documentation for quality reviews.
• Perform quality assurance reviews of audit reports and corresponding issues memos, and audit engagement files to assess adherence with internal audit policies and procedures contained within the Internal Audit Manual. Provide constructive feedback to reinforce audit execution practices and procedures and develop specific training needs based on review results.
• Arrange external third parties for the mandatory quality assurance reviews for internal audit department including facilitating external assessors by arranging necessary documentation and interviews with senior management and Audit, Risk & Compliance Committee members.
• Present results of quality assessment (both self-assessment and external third-party assessment) to Director, Internal Audit Quality Advisory.
• Work with Department Head to socialize on Internal Audit role to support management through advisory engagements.
• Work with management to identify advisory engagement opportunities and support management in delivering such advisory engagements.
• Perform Advisory Engagement in line with the requirements of Internal Audit Standards.
• Develop checklists (containing requirements to assess internal controls) to help auditors in efficiently perform audits including audits performed at projects under construction/ projects under operations located locally and internationally.

Preferred Qualifications:

• Bachelor’s degree in business, computer science, information systems, management information systems, or any related degree from an accredited college or university or equivalent
• Certification as a CISA, CISSP, CIA, CRIC is an asset

Preferred Experience:

• At least 8 years’ experience in progressively senior roles in auditing of IT or OT, business analysis, or program evaluation or equivalent experience
• Experience relating to internal audit of corporate and business unit processes

Job-Specific Skills:

• Exceptional communication and interpersonal skills leading to a consultative approach within a corporate / multifunctional environment
• Ability to manage cross-functional teams
• Good knowledge of and skill in applying internal auditing and accounting principles and practices, and management principles and preferred business practices.
• Good knowledge of the Standards for the Professional Practice of Internal Auditing and the Code of Ethics developed by the Institute of Internal Auditors.
• Good knowledge of industry program policies, procedures, regulations and laws.

As part of the application process, we will collect, store and process personal information about you.

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