Lead - Internal Controls

COMPANY OVERVIEWNEOM is an accelerator of human progress and a vision of what a new future might look like.
A region in northwest Saudi Arabia on the Red Sea, NEOM is being built from the ground up to include hyperconnected, cognitive cities, ports, next-generation infrastructure and industries, enterprise zones, research centers, sports and entertainment venues and tourist destinations.As a destination, it will be a home for people who dream big and want to be part of building a new model for exceptional livability, creating thriving businesses and reinventing environmental conservation.As a workplace, it is a place for people who share our core values of care, curiosity, diversity, passion, respect, and becoming a catalyst for change.Are you ready to help NEOM find solutions to the world's most pressing challenges? Are you prepared to create a lasting legacy that benefits generations to come? Then we want to hear from you!ROLE OVERVIEWOperationalize NEOM's Internal Controls Framework to enable compliance with COSO regulations.
Collaborate with cross-functional teams to evaluate, improve, and monitor NEOM's internal control environment to mitigate risks, enhance compliance, and drive efficiencies.
The Lead will be a key contributor to NEOM's organization's operational excellence strategy.
Drive digital innovation and serve as a change agent within GRC.
Set and implement digital strategy by working with GRC functions to map and transition manual processes to digital ones.
Champion the use of digital technology and practices to engender a digital mindset from the top down.
Lead the entire data analytics operations of GRC.
Collect and analyze data to derive actionable insights from it that supports GRC various activities.
Ensure collaboration, knowledge sharing, and digital best practices among GRC functions and stakeholders to help establish a robust digital ecosystem.
Measure performance for digital projects, fine-tuning approaches as needed to ensure that GRC is investing in the appropriate tools and resources.
KEY ACCOUNTABILITIES & ACTIVITIESAssurance Services
Drive execution of a roadmap for NEOM to achieve compliance with all relevant internal control standards, as per the guidelines in the Internal Controls Manual (ICM).
Perform risk assessment and scoping exercise in line with the ICM to identify key focus areas for the year.
Plan and execute all stages of Internal Controls Framework (ICF) implementation (i.e., control design assessment, deficiency remediation, controls testing, continuous monitoring).
Draft process flowcharts, process narratives, risk and controls matrices, and evaluate controls as new systems are implemented and/or processes evolve.
Develop test plans and execute testing procedures to assess the design and operating effectiveness of internal controls.
Provide recommendations for control & process improvements and risk mitigation/treatments.
Advisory Services
Work closely with process and control owners to assist in the design and implementation of operational controls for new business units, sectors, and subsidiaries.
Provide guidance and support to ensure that controls are effectively integrated into new processes.
Upon management's request, lead and conduct comprehensive reviews of operational processes to identify controls deficiencies, opportunities for optimization, and controls automation.
Act as a subject matter expert in providing guidance and advice on control-related matters.
Assist in the development and implementation of control frameworks and best practices.
Cross-Functional Collaboration
Collaborate with teams within GRC as well as various other departments and sectors (Energy and Water, Procurement, Marketing, IT, etc.) to ensure alignment on control objectives.
Develop control awareness training for key stakeholders within NEOM to ensure a strong internal control structure is embedded within NEOM.
Regularly interact and communicate with NEOM's functional and sector management (including subsidiaries) to educate them about Internal Controls Framework (ICF) compliance and to provide advice in respect of implementing and remediating relevant controls.
Provide regular guidance over internal controls to the GRC champions within NEOM subsidiaries.
Documentation and Reporting
Maintain accurate records of control design and control testing on the eGRC platform and on SharePoint.
Prepare detailed and timely operating effectiveness testing reports for senior management and stakeholders summarizing deficiencies, conclusions, and management action plans.
Ensure compliance with quality and documentation standards, as well as with regulatory requirements.
BACKGROUND, SKILLS & QUALIFICATIONSExperience
Minimum 7 years of working experience in internal controls, risk management, consulting, or compliance field in a multi-faceted organization or a professional services firm.
Strong understanding of internal control frameworks, risk assessment, and compliance standards such as COSO/COBIT.
Understanding of risk management standards and approaches (e.g., ISO 31000).
Proven track record of implementing and maintaining internal control frameworks within a large multi-faceted organization.
Experience in assisting management with quarterly internal control certifications is desirable.
Ability to understand documents and test controls within complex business processes.
Excellent analytical and problem-solving skills.#