Internal Auditor, Payments

Annual Leaves As Per Labour Law, Perks & Benefits As Per Labour Law, Visa, Medical Insurance

Vacancy

1 Vacancy

INTERNAL AUDITOR - PAYMENTS

ENERGY SECTOR JOB CODE TRC-610
A leading supplier of business software is looking for an Internal Auditor - Payments, for its Energy Sector Client based in Abu Dhabi. The candidate must possess relevant professional qualifications and similar & proven experience, preferably in Abu Dhabi.

A critical requirement for the successful applicant would be having existing relationships with the regulators at all levels in Abu Dhabi.

Scope of work - Internal Audit

• Conduct a meeting with the Firm's Management to understand the audit committee's proposed activities and how the company is currently working.
• Obtain an understanding of the Governance framework within the organization.
• Obtain an understanding of the IA structure and interrelationships between the various departments, including Finance, Risk Management (if present), and other Functional Units.
• Review and report proposed policies and procedures based on industry best practices and regulatory requirements for AC Charter, IA Charter, IA Manual, etc.
• Align the overall governance framework with IIA's latest standards and leading practices, both local and Global.
• Understand the Internal and External Environment of the Firm.
• Obtain a high-level understanding of the business environment, objectives, and strategic goals.
• Conduct detailed meetings with the process owners.
• Identify the risks that may impact the entity's objectives.
• Identify key controls in place by performing process/system walkthroughs.
• Develop a high-level risk register for each identified process, function, or department as per the Audit Universe defined during the start of this phase.
• Assess the risks' impact and likelihood.
• Prepare the consolidated risk register, based on inherent risks.
• Use the understanding of the processes and the results of the Risk Assessment to develop the risk-based Internal Audit Plan.
• Link the risk-based IA Plan with the Company's strategic objectives (where applicable).
• Identify the key risks and controls within the processes.
• Develop detailed audit work programs in line with the leading practices and IIA standards.
• Enhancement of the Audit programs by inclusion of Forensic risks wherever applicable.
• Ensuring that the audit programs are comprehensive and cover the full audit cycle from planning to reporting.
• Performance of testing of internal controls and report findings. The testing procedures would be included in detail in the audit programs.
• Performance of substantive testing and report findings.
• Identification of the improvement opportunities within processes and include them in the audit report. Incorporate management comments.
• Issue the final audit programs.
• Until final approval, the outsourced IA team will ensure regulatory alignment and prepare relevant departments for operational readiness, the arrangement will be a hybrid model (onsite/Offshore) until final approval, with the nominated UAE-based IA team available for face-to-face meetings as needed.
• Post-final approval, the outsourcing arrangement will be reviewed and adjusted to meet anticipated volume and business needs.

Scope of Work - Risk Management and Compliance

• Identify and update all applicable laws and regulations.
• Map requirements for business units.
• Collaborate with subject matter experts.
• Rank requirements based on risk.
• Until final approval, the outsourced officer will ensure regulatory alignment and prepare relevant departments for operational readiness.
• Develop the compliance test plan-define a schedule, typically annual, executed in increments.
• Communicate with first and second-line partners and obtain senior management approval.
• Define requirements, controls, and business units to test.
• Use regulatory checklists and transaction testing.
• Define the testing approach, sampling methodology, and issue management process.
• Create an effective communication Plan for the Test cycle.
• Provide written advance notice to the auditee.
• Detail ongoing communication, updates, and exit meetings.
• Report results to management and the governing committee.

Execute the Compliance Test

• Conduct tests per methodology and plan.
• Document results and retain artefacts.
• Review results with the auditee and report to management and committee.

Knowledge Transfer

• Record Keeping of documents like Regulatory Repository, Compliance Risk Register, Compliance Monitoring & Testing Plan, Testing Methodology.
• Training Sessions for key stakeholders as part of knowledge transfer.
• The arrangement will be a hybrid model (onsite/offshore) until final approval, with the compliance officer available for face-to-face meetings as needed.
• Post-final approval, the outsourcing arrangement will be reviewed and adjusted to meet anticipated volume and business needs.

HOW TO APPLY

Interested candidates are invited to submit their resumes and cover letters and must answer all the obligatory questions. Only shortlisted interview candidates will be contacted for the next process. Please remain in touch with our website / current opening page for future positions.

DOCUMENTS NEEDED

• Latest and updated detailed CV in English (highlight relevant experience).
• Recent colour photographs.
• Below questionnaire - fully answered (Please copy-paste on a separate Word document, answer all questions and send by email).

QUESTIONNAIRE

• Applicant's Name :
• Position Title :
• Job-Code :
• Qualification :
• Overall Experience :
• Current Location :
• Current Package :
• Expected Package :
• Earliest Joining Date :
• Nationality :
• Passport Expiry date :
• Date of Birth / Age :
• WhatsApp No. :
• Email Id :
• Marital Status :
• Native Language :
• Where did you see this ad? :
• Interview Date/Time Preference:
• Please write one paragraph on your suitability for the position:

Desired Candidate Profile

A critical requirement for the successful applicant would be having existing relationships with the regulators at all levels in Abu Dhabi as relevant to the industry.