Senior Internal Auditor- Technical Audit

Job Purpose:

Conduct assigned audit on capital projects and contracts as per the annual audit plan and the IIA Standards to facilitate the evaluation on:

· The effectiveness of the project management framework and controls to support the delivery of projects, including compliance with the applicable policies and procedures on the Management of projects.

· Effectiveness and efficiency of operations.

· Reliability and integrity of financial, commercial, and operational information.

· Safeguarding of Company assets.

· Compliance with laws, regulations, and internal control framework.

· The design and the operational status of internal controls and other risk mitigation measures within the project management framework.

Dimensions:

Operating Budget Staff reporting: Internal Auditors

Capital Expenditure: Other: Supervise Internal Auditors and Department Trainee

Key Result Areas:

1. Strategic

· Actively participate in the development of the audit universe and risk coverage framework and audit plan in the area of Engineering, Major capital projects, Reliability, Maintenance and Operations.

· Provide inputs for the periodic reporting on audit activities and performance relative to its plans, significant risk exposures, control / governance issues and other related matters.

· Provide assurance from a multi-disciplinary point of view, on the technical, financial, commercial, economics, operations, environmental, legal, and any other relevant aspects of the project/s, contracts and operations to ensure compliance with the applicable internal policies and procedures on the management of the project/s.

· Recommend changes to existing or implementation of new project management processes and controls to facilitate business process improvements.

· Explore alternatives to conventional approaches in business processes and respond with innovative solutions using research, intuition, and fresh perspectives to improve efficiency.

· Provide an educated opinion on the design and the operational status of internal controls and other risk mitigation measures.

· Function as an internal business consultant particularly to provide governance advice for business processes.

· Identify new risks for inclusion in the Corporate/Department Risk Register.

2. Operational

· Plan, coordinate and manage each individual audit autonomously to achieve timely completion of the annual audit plan.

· Review the total contents of the projects feasibility report, Front End Engineering Design (FEED) report and the quality as well as the technical deliverables in the construction phase of the projects for compliance.

· Develop / revise the audit program for the assigned audit including the objectives, potential risk, key controls etc.

· Guide the Internal Auditors in the examination and analysis of records by executing the audit program for the assigned audits.

· Guide Internal Auditors in finalizing the use of audit techniques, sampling methods etc.

· Execute / Monitor the execution of audit in accordance with the approved audit program and ensures that audit objectives met to support the audit conclusions.

· Ensure tasks assigned to the Internal Auditors are adequately performed and deliverables are in accordance with the Company’s policy and quality standards.

· Finalize all audit observations with the relevant Auditees to ensure a collaborative audit process.

· Participate in conducting special reviews and undertake administrative duties, as directed by the CAO.

3. Reporting and Administration

· Carry out risk assessment to decide on the criticality as per risk matrix and identify significant audit observations for reporting to the Group/Opco’s Audit & Risk Committee.

· Follow-up on the implementation status of agreed action points on a quarterly basis with relevant stakeholders, as directed by the Chief Audit Officer.

· Identify the training needs for self-development to assist the CAO in maintaining adequate audit competencies in the department.

· Assist the External Auditors and the NAO auditors to facilitate their review of the Company's management systems and financial statements by providing requested information/reports/assistance.

Job Context

· As an integral part of the Internal Audit Department, the position of Senior Internal Auditor shall assist the CAO to provide an independent assurance over the soundness of the risk and internal controls framework to help the Board of Directors to discharge their governance and oversight responsibilities. The position works closely with Senior Management and CAO.

· In-depth understanding of the business culture, policies, procedures, systems, and processes to conduct the audits and proficiency in auditing and control practices is a prerequisite of the job. Proven ability in audit planning and execution, including risk assessment, process and control evaluation as well as maintaining integrity and an objective approach while conducting audits is a critical component of the job.

· Provide on the job training to IA team to facilitate their development.

· Knowledge of project management, contractor performance management, commercial negotiation, information systems and productivity tools required to carry out the audit is must.

Communications and Working Relationships:

Internal:

· Communicate frequently with the CAO on operational issues(escalation), audit process and for guidance on work related matters.

· Interact with Auditee team and other applicable divisions within the organization during the audit process.

· Interact with all levels of Company’s Management and key Business Units personnel in the conduct of the audits.

External:

· Interact with the External Auditors to provide assistance during their annual review of the company's financial statements.

· Interact with the NAO auditors, as directed, for audit purposes.

· Interact with the appointed external consultants (co-sourced and outsourced audits).

Framework Boundaries, Decision Making authority and responsibility:

· Reporting to the CAO, the position of Senior Auditor is a part of the Internal Audit Department that functions as an assurance provider and consultant in the special assignments. Apart from conducting the normal audits, the job holder also participates on a consultative role in the Business Process re-engineering initiatives without compromising independence and required to carry out “forensic auditing” or internal investigations requested by the Group/Opco Audit & Risk Committee, Senior Management, and other stakeholders such as the National Audit Office (NAO).

· The job holder provides input in the evaluation and improvement of the effectiveness of risk management, control, and governance processes and thereby safeguards the Company’s assets and facilitates the fulfilment of the crucial risk mitigation management role.

· The job holder is required to be vigilant as ineffective audit work would result in major deficiencies, weaknesses, errors and fraud remaining undetected. The job holder’s recommendations facilitate improvement of management controls, business processes and cost and revenue optimization.

· The job holder has access to all Company critical information thus required to possess a high level of professional and personal integrity to ensure confidentiality of the business information handled.

· The job holder is required to have proficiency and deep insight into the specialized field of audit and broad experience/exposure to the audit practices. The job is covered by the Company policies, international standards and industry best practices, and the job holder is required to achieve results in his/her assigned audits.

· The job holder takes independent decisions with respect to the execution of the routine activities however, consults the CAO on the non-routine/policy related matters.

Knowledge Skills and Experience:

· Minimum Bachelor’s degree in Mechanical/Chemical/Civil Engineering or equivalent.

· PMP certification is a Must and Diploma/Certificate in Quantity Surveying is desirable.

· Knowledge of corporate risks in Capital projects, EPC contracts, Contract audits, Project management, is highly desirable.

· Minimum 10 years of operational experience in business planning of capital-intensive industrial projects, development, financing, execution and the close out phases.

· Minimum 7 years of project performance audit experience including feasibility, Front End Engineering Design (FEED), detailed engineering, construction and the close out phases, preferably in a large company.

· Experience in appraisal of investment projects, process selection, integration of technical, financial, economics, operations, environmental and marketing aspects in project initiation, development, financing and take off agreements.

· Astute knowledge of upstream and downstream technical and financial business processes in the oil & gas sector including power generation.

· Experience in analyzing contracting strategy, tendering process, techno commercial evaluation of bids and review engineering drawings as required in both upstream and downstream business processes.

· Familiarity with International Financial Reporting Standards (IFRS) and its interpretations.

· Knowledge of Enterprise Risk Management, Risk Based Internal Auditing (RBIA) and best practice auditing techniques.

· Familiarity with the International Accounting Standards (lAS), the Institute of Internal Auditors (IIA) Standards and Generally Accepted Auditing Standards (GAAS).

· Ability to plan scheduled audit work and conduct analysis of work of a complex nature.

· Sound knowledge of Microsoft Office Suite and Audit Command Language (ACL) audit software.

· Ability to conduct meetings and make presentations to the Senior Management.

· Excellent analytical skills, oral and written communication skills, and good interpersonal skills.

· The ability to write clear and concise reports for a variety of audiences.

· Good planning and organizational skills.

Schedule: Full-time

Shift: Day Job

Travel: