Senior Manager - Audit and Risk

via Al Tayer Group
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Details: Posted on: 11th September 2017

  • Company Name: Al Tayer Group
  • Employment Type: Full Time
  • Monthly Salary: Unspecified
  • Minimum Work Experience: 5-10 Years
  • Minimum Education Level: N/A
  • Listed By: Employer
  • Career Level: Manager


Job Purpose

· Responsible for planning and managing internal audits pertaining to Al Tayer Group (ATG), Al Tayer Retail and select ventures. This shall entail managing the team of auditors, Audit Manager I and external consultants.

· Engage in discussions with senior stakeholders (CEO, CXOs, SVPs, and assist in ARC meetings

· Ensure continuous improvement of the internal audit function in line with Institute of Internal Auditors (IIA) / IPPF standards of the Institute of Internal Auditors and leading industry practices;

· Liaise with external auditors ; and

· Undertake specific governance, risk and compliance initiatives along with Group Risk Management (GRM) Function, under the guidance of CARO and Head of Risk, for embedding a strong risk culture within ATG.

Strategic Responsibilities

·In collaboration with senior management, Chief Audit and Risk Officer (CARO) and Audit and Risk Committee (ARC) members, develop a comprehensive and flexible audit plan using an appropriate risk-based methodology which is in line with the key growth priorities and risks of the Group and relevant ventures.

·Develop and implement a comprehensive audit program for evaluating the adequacy and effectiveness of the company's system of internal control and the quality of performance in carrying out assigned responsibilities.

·Ensure that Internal Audit function is well-positioned within the organization, undertake initiatives to enhance the profile of the internal audit department wherein it is viewed as a value-adding function, engage in regular discussions with the senior stakeholders to identify key focus areas, and ensure that adequate policies and procedures governing the internal audit activities is in place and operating effectively .

· Assess the developmental needs of the Group Internal Audit Department, in terms of trainings, Data Analytics, CAATs, etc., and accordingly, assist internal audit management in the acquisition and maintenance of audit tools and use of technology. Review and update Internal Audit Methodology and ensure consistent compliance with the same

· Optimize utilization of internal audit staff as well as services procured from co-sourced providers and consultants.

· Collaborate with RM Function on corporate initiatives / projects, Retail projects and risk matters pertaining to select ventures, under the guidance of CARO and Head of Risk

·In coordination with Audit Managers, assist the CARO with budgeting and financial administration for the Group IAD.

Functional Responsibilities

Audit and Advisory

· Proactively interact with Senior Management and BU Management to ensure that their audit and business-risk management needs are met in a strategic and cost-effective manner.

·Where appropriate, provide an independent assessment of business management's view on risk and associated control effectiveness and evaluate the adequacy and effectiveness of business-risk management processes and programs.

· Maintain and update a comprehensive audit risk universe , including gathering and incorporating new information impacting the universe; oversee effort allocation among assurance an advisory services (special assignments, investigations, etc.)

· Support implementation of the annual audit plan , including, as appropriate, any special tasks or projects requested by management, CARO, ARC etc. and ensure that recommendations provided add value and maximizes cost savings to the entity or process under review

· Supervise/ Manage and provide oversight on audits and the work done by the team members to ensure that audits are conducted in a standardized manner across the Group, Al Tayer Retail and select ventures.

· Oversee / administer information gathering and preparation of the periodic summary reports by internal audit to senior management and ARC.

· Report periodically to the CARO, Head-Risk and, as appropriate, to the ARC on status of the annual audit plan, significant findings, immediate remedial actions, other activities of the IAD, and sufficiency of audit department resources.

· Effectively , persuasively and with appropriate conviction present views to the Senior Management

·In case of co-sourced internal audit arrangements, work closely with managers and partners from third-party organizations to optimize the services procured.

Governance, Risk and Compliance

· Under the guidance of CARO and Head of Risk, undertake select activitie s pertaining to governance and risk initiatives that affect / are critical to the Group / Al Tayer Retail / select ventures and caters to improvement in overall governance structure and risk culture within the organization.

· Build strong working relationships and proactively coordinate with senior stakeholders and business partners across the organization.

· Prepare presentations pertaining to updates on key governance, compliance and risk matters to the Senior Management

Quality Assurance

·Ensure internal audit activity's conformance with the Definition of Internal Auditing and the Standards , and ensure that internal auditors comply with the Code of Ethics.

·Provide inputs for developing and implementing Quality Assurance procedures and systems for the department (including periodic review of Audit Charters, Policies, Code of Ethics, etc.)

·Perform periodic and ongoing quality reviews to ensure quality of Internal Audit work and consistent compliance with the Internal Audit methodology i.e. conduct process and system reviews to assess performance of the department, document results and observations noted, and follow up for timely corrective action.


· Manage, coach, lead and develop the internal audit resources, by providing timely supervision/oversight and management of all the IA related tasks.

· Assess the training requirements of the department and in collaboration with HR and external training vendors, develop training programs that focus on up skilling the resources and enhancing the collective competencies and capabilities within the department.

People Development/Capacity-Building

·Highly self-motivated individual who will provide leadership and guidance to subordinates to enhance performance, produce quality work and ensure that they are continuously developed for higher level roles.

·Provide leadership and direction to subordinates towards the achievement of goals and objectives.

·Prepare performance evaluation and appraisal reports of direct reports to assess subordinates productivity and progress and identify training needs of team members to improve efficiency and ensure conformity with standard procedures and practices.

·Assist the CARO, audit managers, and internal audit staff in keeping current on changes and emerging best practices of the internal auditing profession.

Ability to thrive in an environment of change and ensure that team members are abreast of the changes and developments at ATG


Education/Certification and Continued Education

·Post Graduate or Graduate in Accounting or Finance with a Chartered Internal Auditor ("CIA") or Chartered Accountant ("CA") qualification

Years of Experience

·Minimum 7-10 years' experience in finance and accounts function with at least 2-3 years of post-qualification experience in a Financial/Operational internal audit role at a Big Four or equivalent

Knowledge and Skills

·Knowledge, understanding and application of internal audit methodologies, risk management and control framework, and corporate governance.

·Fraud Awareness

·High level of personal effectiveness, problem solving as well as people management skills.

·Ability to manage multiple projects

·Excellent verbal and written communication and presentation skills.

·Strong interpersonal skills and negotiation skills—ability to work closely with people at all levels within and outside the organization, ability to facilitate the implementation of corrective action, etc.

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