Head of Internal Audit
Closing date of the submission 7th November 2022
The CV must be attached with the application
Omani Nationals only
Job Purpose:
To build the Internal Audit Department as an independent organization with the right resources and processes / tools, to provide assurance to key stakeholders (Executive Management / Board of Directors (BOD) / senior management / Audit Committee/ Shareholders) that EDO is managing risk effectively with appropriate governance and internal control processes in line with international standards.
Responsibilities:
Establish the short and long-term strategy for the Internal Audit Function to support the achievement of EDO's vision and strategic objectives in compliance with relevant laws and statutes.
Define the vision, purpose, authority and responsibility (IA Charter) of the Internal Audit Function and gain the approval of the Audit and Risk Committee and buy-in of the BOD and Senior Management; determine and secure the budget and resources necessary to ensure the effective delivery of the mission and manage this on an ongoing basis.
Stakeholder Management, which includes Management, State Audit, External Auditors and Board Audit and Risk Committee, BOD and other group Internal Audit Teams etc.
Ensure robust processes, clear policies and standards are defined and implemented throughout the Internal Audit Department in alignment with the standards of the Institute of Internal Auditors (IIA), State Audit Institution, ISO as well as all relevant laws and regulations for auditing, quality improvement and reporting.
Keep abreast of regulatory trends and developments, as well as technological advancements, in the Organization, related topics to anticipate, risk areas, develop audit techniques, and provide recommendations regarding technology to adopt / leverage for the audit process.
Deliver High Quality Internal Audit Services and Support the Stakeholders.
Develop a risk-based audit plan for EDO and its subsidiaries (under respective shareholder’s audit right) that is aligned with company’s Risk Register.
Provide consulting services to management on measures to take for achieving further value(e.g. reducing costs , control improvement and revenue generation) as well as to enhance the efficacy of risk management and internal controls and processes based on insights gained through the audit activity, data analytics, global benchmarking and knowledge-sharing to enhance risk management and value creation.
Lead the investigation of significant issues in the Organization including fraud and significant control failings.
Develop and implement a Quality Assurance & Improvement Program to ensure highest quality of results.
Qualificatins:
Bachelor’s Degree and CIA are mandatory. CPA, ACCA and MBA are preferable
Minimum of 13 years of relevant work experience ( preferable in Oil and Gas industry) out of which 3 years in leadership position
Demonstrated strategic orientation
Advanced business and financial analytical skills
Knowledge of technology and trends relating to audit, finance and legal functions