Qatar
Qatar Navigation Q.P.S.C
Full time
Responsibilities/Communication/OHSE
Key Roles & Responsibilities
• Strategy
– In collaboration with the business unit management, assess the development and implementation of the strategy in accordance with Milaha’s vision, mission, and corporate objectives
– Ensure that the overall strategy is aligned with the annual risk-based Internal audit plans for the Internal Audit department to identify areas that may hinder Milaha’s ability to achieve its strategy.
– Establish a quality assurance program to ensure that performance is monitored and managed in order to provide high-quality services in accordance with Milaha standards and the International Professional Practice framework
– Establish and maintain strong and effective relationships with all other related departments in order to meet the department’s objectives.
• Leadership
– Promote effective leadership to manage direct reports’ performance, recruiting, and growth, as well as to ensure direct reports’ awareness of their role in attaining Milaha’s mission, vision, and strategy while increasing levels of engagement and competence.
• Operational Role
– Ensure that all Milaha Audit activities are carried out in an efficient and cost-effective manner through effective planning and resource allocation, as well as the implementation of appropriate standards and controls.
– Oversee the day-to-day operations of the Internal Audit department by offering advice, fostering teamwork, and supporting related professional work processes in order to reach high-performance standards.
– Develop policies and programs that encourage managers and employees to report suspected fraud and other improprieties without fear of retaliation
– Present quarterly to the ARCC a summarized version of the reports arising out of the audit assignments, with observations and recommendations to the auditees with copies to the President & CEO and the relevant business heads
• Change Management
– Lead and direct organizational and operational change through business-aligned change initiatives, programs, and projects that reflect global best practices as well as changes in the competitive environment and technology innovation.
• Audit Plan
– Manage the formulation, periodic update, and implementation of the annual (One year) and strategic ( three-year) risk-based audit plan, including any risks or control concerns identified by management, and submit that plan to the Audit, Risk, and Compliance Committee (ARCC) for review and approval.
– Regularly review audit plans, alter plans if necessary on account of specific business needs and agree on alterations with the ARCC.
• Audit Programs
– Plan, design, create, and execute the systems required to direct the Internal Audit department, such as the risk-based planning system, time system, follow-up system, lessons learned, quality assurance, and performance system.
– Manage the development of a detailed guideline audit program to support the audit plan and the execution of audits.
– Continuously monitor those systems and maintain/update them as needed to ensure their efficiency.
– Direct auditors in the conduct of audit fieldwork in order to ensure that audit programs are conducted in line with Audit plans.
– Coordinate as needed with audit activities of external auditors and government audit bureau to ensure optimum audit activity with no significant gaps or duplication.
• Risk Management & Assessments
– Ensure that management has a regularly updated and detailed risk database in place to ensure an appropriately prioritized management approach.
– Ensure the issuance of risk assessment reports indicating a measure of risk level for all identified critical processes in various departments.
– Assure adequate anti-fraud mechanisms and perform investigations of suspected fraudulent activities within the company in order to notify management and the Board of the results.
– Continuously ensure that the financial statements and disclosures reflect the company’s performance and growth plans.
– Lead the assessment of the company’s vulnerability to business interruptions and disaster recoverability and to technology changes.
• Reporting
– Manage the issuance of periodic reports to the Chairman and executive management summarizing results of audit activities.
– Manage the issuance of quarterly reports on the status of the company’s internal control assessment for all the business units and departments of the company and submit same to both the Board and government agencies as may be required by state law.
– Provide annual reports on adequacy and appropriateness of the company’s governance and oversight by the Board and submit these reports to the QFMA following the specific laid out procedures.
– Oversee the issuance of an annual report of internal control assessment which will be sent to both the President & CEO and the Audit Committee.
– Lead the preparation of reports on reliability or otherwise of the statement of financial reports being published by the Executive Management.
• Compliance
– Maintain continuous compliance with all company and statutory laws to avoid penalties or negative consequences for noncompliance.
– Oversee the assessment of Milaha’s tax and regulatory compliance obligations.
• Research and Awareness
– Direct research for audit best practices and identify process inefficiencies, opportunities for automation, and cost-saving to contribute to the overall improvement of the audit process.
– Actively promote understanding and acceptance of Internal Audit including definition, benefits, process, roles, and responsibilities.
• Process Risk Identification and Mitigation
– Identify process risks in order to ensure that Senior Management is aware of these and in order to recommend risk mitigation mechanisms.
– Assist management in attaining the ongoing running of the material/goods procurement process with no complaints from operations.
• Training
– Manage and advise on the development and implementation of appropriate training plans and schedules for department employees in order to ensure that all internal audit operational requirements and specifications, as well as the requirements of the Board-approved Audit Charter, are met successfully.
• Policies and Processes
– Direct the development and implementation of the corporate and department policies, systems, and processes to ensure that Milaha delivers world-class service.
– Ensure compliance with all applicable governmental laws and ministerial policies.
– Lead and encourage continual optimization of systems and processes while maintaining the required quality of products and services.
Minimum Qualification/Experiences/Skills
Education & Professional Qualification:
– Bachelor’s degree in Auditing/Accounting/Finance/ Economics/Business Administration or equivalent.
– MBA or Master’s degree in any related field.
– Chartered Accountant (CA), Certified Public Accountant (CPA), or Certified Corporate Accountant (ACCA) is a plus.
– Certified Internal Auditor (CIA)
Professional Experience:
– 15-20 years of relevant experience in Auditing with at least 5-7 years in positions of progressively increasing managerial responsibilities.
Geographic Experience:
– Yes, required
Computer Skills:
PC and Computer Assisted Audit Techniques (CAATS). ERP experience with Oracle database is a definite plus
Language Skills:
Arabic and English
Market/Industry/Functional Knowledge:
– Strong knowledge of contemporary theories and practices related to Internal Audit and Risk Management and IFRS
– Strong knowledge of developing and monitoring Audit plans and budgets
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