Senior Internal Auditor

at  Abu Dhabi Cooperative Society

• Lead internal audit engagement planning, including participating in team planning events., organizing teams, inspecting accounts, checking compliance with applicable laws, detecting ineffective or inefficient practices and verifying sound financial records.
• Organize and present meaningfully detailed reports to communicate the results of an audit to company management
• Participate in initiating/promoting the establishment and continuous improvement of the Corporate Governance Framework including Enterprise Risk Management, Corporate Code of Conduct, Ethics and Values.
• Assist in the development of Annual Audit Plan (AAP) based on the results of risk assessment exercise.
• Provide input for the periodic reporting on audit activities and performance relative to its plans, significant risk exposures, control/governance issues and other related matters.
• Apply advance analytics for data and information and produce insightful analysis and information that helps is identifying trends and data patterns to help in identifying exceptions and provide value add recommendations.
• Identify, obtain, analyse and appraise related systems and evidentiary data/ information.
• Assist the auditors in the examination and analysis of records through executing audit program steps for the assigned audits.
• Develop process understanding of assigned business processes and determines business objectives, main functions, the nature of activities, potential risks and controls to be reviewed.
• Conduct walkthrough testing to assess the design effectiveness of control environment and control activities.
• Develop 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 to for review and approval.
• Determine auditing procedures to be applied, including the use of Information Systems Audit Techniques, statistical sampling method or others. Ensure that adequate working papers and all relevant information are continuously documented and updated in the automated Audit Management System in accordance with pre-defined templates and audit procedures.
• Perform the audit in accordance with the approved audit program and ensures that audit objectives have been met to support the audit conclusions/results.
• Prepare working papers which record and summarize data on the assigned audit and the results of the audit examination.
• Appraise 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.
• Participate in conducting special reviews and undertakes administrative duties as directed by Director of Internal Audit.
• Perform (also supervises audits performed by Internal Auditors) in accordance with the approved RCM and professional standards on internal auditing.
• Identify high risk areas and key control points of the system to be reviewed.
• Evaluate the system’s effectiveness based on his / her business and audit experience and modifies, if necessary, the scope of the review, with the approval of Team Leader / Department Manager.
• Prepare 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 Team Leader / Department Manager’s review.
• Recommend practical improvements 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.
• Communicates identified issues with Internal Audit management to ensure potential high risk area of concerns are addressed in a timely and effective manner.
• Participate in the development and implementation of the automated Audit Management System.
• Participate in initiating and coordinating the Group-wide specialized professional training programs.
• Conducts research and benchmarking to resolve audit issues, identify gaps and support IA function.
• 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 section objectives.
• Investigate and highlight any significant variances to support effective performance and cost control
• Identify improvements in internal processes against best practices in pursuit of greater efficiency in line with ISO standards in order to define intelligent solutions for issues confronting the function.
  Job Type: Full-time

Ability to commute/relocate:

• Abu Dhabi: Reliably commute or planning to relocate before starting work (Required)