Summary:
This role supports all internal audit activities which would include audit planning, development of audit methodology, guidelines and policies and procedures. This role also assists in the implementation of the risk management plan that supports and improves BAB's business in the industry.
Key Accountabilities:
Preparing Audit Plans:
- Assist in the development of the annual internal audit plan before the commencement of the new fiscal year in tandem with the risk profile of the organisation.
- Assist with the development of internal audit guidelines and manuals or the refresh of these documents as the need arises.
- Assist in the development of audit work programs for each auditable area before the start of the field audit.
Conducting Audits:
- Lead audit teams or be part of the audit team in conducting operational, financial, compliance, system and/or ad-hoc audits on the various functions or subsidiaries within the Group. These audits will include assessing noncompliance to existing policy, control weaknesses as well as opportunities for improvement.
- Provide value added recommendations to close any noted gaps in the course of the audits.
- Provide input based on audit findings to the Risk Management team in order to assist them in assessing any necessary changes to the risk profile of the function/entity.
- Tracks recommendations and reports on status of implementing recommendations by the action owners which will include follow up with the action owners on a periodic basis.
Risk Management:
- Assist in the implementation of risk management plan/programs to ensure all risks identified are addressed and risk impacts are minimized through proper mitigations.
- Assist in ensuring timely performance of risk exercises and proper maintenance of the company's risk register.
- Assist in monitoring progress of management actions of each division and ensure that they are on track with their risk management initiatives.
Others:
- Assist the Head of Internal Audit in monitoring the departmental budget and also providing value added suggestions for improvement of efficiency and cost savings if appropriate.
- Assist in the development of the quarterly reports to the Audit Committee.
- Any other duties as assigned by superior.
Requirements:
Education Qualifications / Professional Certifications:
- Degree in Accounting / Finance / Commerce with in-depth knowledge of finance functions including accounting, reporting, treasury, project accounting and cost control.
Experience:
- 3-5 years experience in internal audit with strong operational experience in the finance areas which could include multiple audits of finance functions.
- At least 2 years experience in the Oil & Gas industry.
Competencies:
- Strong knowledge of IFRS and any other applicable international accounting standards.
- Good understanding of the standards of the Institute of Internal Auditors (IIA) and the ability to comply with these standards.
- Detail orientated but able to quickly grasp the big picture and look at issues from a strategic and business angle as well.
- Excellent written and oral communication skills.
- Ability to work effectively with people at all levels.
