Senior Specialist – Group Audit Strategy & Governance
ADNOC Group
Total years of experience :9 years, 11 Months
• Participate and provide inputs to A&AF management while preparing strategic road map for the evolution of IA Governance of ADNOC Group Audit and Assurance.
• Establish, facilitate implementation and updating of ADNOC Group IA Practices & Model documents to support the Department / Section to govern the Group Audit & Assurance practices across the Group.
• Establish, facilitate implementation and updating of ADNOC Audit & Assurance Function Governance Documents, securing required approval.
• Establish & maintain the Legal & Regulatory Register, and provide assurance on the compliance for the ADNOC Audit & Assurance Functions
• Provide expert advice on all matters related to Internal Audit governance and liaise with expert houses and regulatory bodies to understand the requirements, and there after changes in the regulations and other governance codes applicable to ADNOC Group Audit & Assurance Functions.
• Support ADNOC AAF management in nomination and annual review of ADNOC Members and collaborate with ADNOC Group Corporate Governance to ensure timely appointments of Audit Committee members in the Group.
• Establish robust process for design and implementation of standard governance practices for ADNOC Group Audit and Assurance Functions, including development of ADNOC Group IA Practices and Model documentation.
• Maintain an adequate and effective operating model for the ADNOC Audit & Assurance Function and Standard Operating Model for the Group Companies, in close collaboration with ADNOC Group HC. Provide consultancy and SME Advisories in the matters related to Corporate Governance matters specific to Audit & Assurance mandates.
• Conduct benchmarking, consulting studies and management information system reports to evolve valuable insights to aid effective management decisions in relation to IA Governance.
• Actively manage the Group Audit Excellence Centre office and mailbox, with respect to various Excellence initiatives and tasks.
• Participate / Facilitate digital initiatives aimed at improving Governance activities, through digitization and automation.
• Collaborate with Digital / Audit Analytics teams to ensure adequate technology is available for ensuring best in class Internal Audit governance across the Group.
• Lead projects / task forces related to Internal Audit Excellence initiatives and provide periodic status update reports to AAF Senior Management.
• Develop, approve, and drive Internal Audit Strategy
• Developing Internal Audit Charter, Policies and Procedures for: Risk-Based Audit Plan, Audit Engagements, Follow up, Management Reporting, Quality Assurance and Talent Management aligned with the IIA Standards and Local Regulatory Bodies.
• Development, management, and delivery of the Strategic Internal Audit Plan (3-Year Plan)
• Delivering competent Assurance and Consulting Services
• Manage, mentor, guide, and coach the project team members / Internal Audit Staff, to achieve Internal Audit objectives in relation to the Internal Audit Strategic Plan and Internal Audit Strategy
• Communication and Engagement with Stakeholders (Senior Management, The Board / Audit Committee and Regulatory bodies)
• Developing Audit Budget, monitoring, reporting on the performance of the Audit Budget, Allocation of Resources and Ensuring cost-effectiveness
• Provide Independent and Objective Assurance on second line (Risk Management and Compliance) functions
• Ensuring Compliance with applicable Laws, Regulations, Standards, Internal Policies and Procedures.
• Assessing effectiveness and efficiency of Internal Controls by Testing, Reporting Deficiencies, Recommendations for Improvement, and Monitoring Implementation.
• Assist in the preparation of the annual audit risk assessment and the development of the 3-year strategic audit plan
• Prepare and review the planning for audit assignments, manage and conduct regular/special audits and ensure they achieve their objectives according to standards
• Understand clients key performance drivers, business trends, and emerging technical and industry developments
• Perform required tests as per agreed standards, review and issue draft reports and observation in order to highlight risks
• Prepare final reports and executive summaries to ensure they meet required standards
• Manage and update risk registers, audit programs for audit areas and processes
• Maintain relationships with other engagement teams and monitor team progress against plan and drive performance as required
• Identify new business opportunities by understanding service lines and actively assess in ways to apply knowledge and services.
• Develop a thorough understanding of business processes in scope for assigned audits and document the processes in flowcharts and/or process narratives.
• Identify and document inherent risks and controls within the business processes.
• Participate with audit service providers in co-sourced audits, and act as audit in charge for in-house engagements
• Accountable for the completion of Audits assigned in line with the annual audit plan and within budgeted man days
• Accountable for ensuring risks are addressed as per the set risk assessment criteria
• Conduct follow up assignments and report to Head of IA the findings on the status of implementation of the recommendations raised in the final report
• Managing the external service providers where such providers are contracted to provide services to ADXs internal audit function.
• Ensuring that duties are performed efficiently and professionally and in accordance with the IA Manual and the Standards issued by the IIA.
• Performing ad hoc duties as and when requested by the Head of Internal Audit
• Assist in the preparation of the annual audit risk assessment and the development of the 3-year strategic audit plan.
• Participate in opening meetings with client to explain the scope and objectives of the audit engagement to client and provide an overview of all steps in the audit process.
• Perform audit tests and prepare working papers in accordance with professional IIA standards.
• Identify and document control and process weaknesses and provide evidential support for findings.
• Propose practical and value added recommendations to address control weaknesses and/or process inefficiencies.
• Organize and reference work papers for review by Manager, Internal Audit.
• Participate in closing meetings with client at the end of fieldwork, providing clear explanations for identified issues.
• Assist in the preparation of a concise and informative audit report to effectively communicate the findings and recommendations to the branch/department and senior management.
• Gathered general data relevant to assignments under supervision as requested
• Prepared audit working papers, minutes of meetings and other relevant documentation under supervision
• Assisted in the preparation of the final audit, professional, technical reports under supervision
• Team member of development of ADAA IAFA Criteria derived from the Standards for evaluation of Internal Audit Departments practices across subject entities
• Pro-actively pursuied professional certification - Certified Internal Auditor (CIA)
• Assisted with audits and performed substantive testing
• Conducted research on industry trends and accounting regulations
• Analyzed financial and non-financial data using data analysis tools
• Prepared documentation and contributed to client reports
• Interacted with clients and attended meetings as part of the engagement team
• Participated in professional development training and workshops.
Distinction with honors