Internal Auditor

Roles and Responsibilities

Execute or assist in execution of Audit Procedures for the assigned areas of ADNOC Trading (AT's) Risk-Based Internal Audit (RBIA) in order to ensure that the internal control system for integrity and reliability of financial and operational areas is implemented and working effectively.

Assist in the periodic Risk Assessments and development of the RBIA Plans and the periodic reporting to the Audit Committee and Senior Management on internal audit activities, performance, significant risk exposures, controls/governance issues, and other related matters.

KEY ACCOUNTABILITIES

Professional Ethics

• 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.
  

Internal Audit Plan

• Assist in the preparation of the periodic Risk Assessments and the development of the AT's Risk-Based Work Plans.
  

Audit Execution

• Assist the senior auditors in the examination and analysis of records through executing audit program steps for the assigned audits.
  
• Determine business objectives, main functions, and the nature of oil and gas trading activities, potential risks, and controls to be reviewed.
  
• 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 submit the audit program for review and approval.
  
• 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 ensure that audit objectives have been met to support the audit conclusions/results.
  
• Identify, obtain, analyze, and appraise related systems and evidentiary data/information.
  
• Prepare and/or assist auditors in preparing working papers, which record and summarize data on the assigned audit and the results of the audit examination.
  
• Participate in physical verification of assets, cash, and inventory count exercises during the scheduled/surprise audit visits.
  
• Appraise the adequacy of the corrective actions taken by management on audit recommendations through follow-up audits and periodically review and update the status of management action plans.
  
• Maintain a follow-up register for all audit issues reported.
  

• Prepare and/or assist in the preparation of formal written reports, expressing opinions on the adequacy and effectiveness of the system and the efficiency with which activities are carried out.
  
• Recommend practical improvement 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.
  
• Follow up on feedback to issued draft and final audit reports and review the adequacy of the corrective actions taken on audit recommendations/improvement options.
  
• Provide assistance in the training coordination and ongoing audit assignments as required.
  
• Assist in the preparation of presentations and reports as and when required.
  

Coordination

• Participate in arranging Audit Committee meetings, preparing the agenda, and minutes of meetings (MOMs), IT General Controls, and other related issues as prescribed in the Audit Committee Charter.
  
• Conduct workshops or presentations to create awareness about IA function and demonstrate value addition across ADNOC Trading.
  
• Communicate identified issues with Internal Audit management to ensure potential high-risk areas of concern are addressed in a timely and effective manner.
  

Budgets

• Provide input for preparation of the Department/Section budgets and assist in the implementation of the approved Budget and work plans to deliver Section objectives.
  
• Investigate and highlight any significant variances to support effective performance and cost control.
  

Policies, Systems, Processes & Procedures

• Implement approved Department/Section policies, processes, systems, standards, and procedures in order to support execution of the Department/Section's work programs in line with Company and International standards.
  
• Comply with all applicable legislation and legal regulations.
  

Risk Management Skills

• Ability to identify, assess, and communicate threats to the organization's capital and earnings.
  
• Keep abreast of industry developments and risk events to identify and communicate similar threats to ADNOC Trading.
  

Innovation and Continuous Improvement

• Participate in the development and implementation of the automated Audit Management System.
  
• Design and implement new tools and techniques to improve the quality and efficiency of operational processes.
  
• 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.
  

Health, Safety, Environment (HSE) and Sustainability

• Comply with relevant HSE policies, procedures & controls and applicable legislation and sustainability guidelines in line with international standards, best practices, and ADNOC Code of Practices.
  

Teamwork

• Align actions to promote achievement of team goals, influence others' activities toward group goals, and inspire self-confidence in others, placing high priority on team performance, helping others be successful, resolving conflicts, and removing obstacles.
  

Customer Service

• Retain the ability to have clear, professional communication with customers in order to deliver an excellent quality of service.
  Must be able to demonstrate a sound knowledge of the company's products and services.