Job Description
Job title: Lead Specialist, Internal Controls II
Reporting to: Director Internal Controls
Department: Internal Control Department
Job Location: Riyadh
Job Purpose
- Lead and perform day-to-day activities related to internal control department in respect of the internal controls over financial reporting (ICFR)
- Lead ICFR testing / assessment to ensure adequate design & operating effectiveness of the controls in place to mitigate the risks.
- Actively support in Internal Control Framework implementation initiatives and lead in areas assigned by Internal Control leadership
- Lead Internal Control system rollouts, change management, control ownerships processes
- Support learning and development of Internal Control team members ensuring effective execution of control testing plans, test documentation, evidence and timely reporting
Key Accountabilities
- Lead annual risk assessments process and ICFR scoping activities for the control test planning across the organization
- Lead Internal Control department to plan and execute the ICFR program / activities (e.g., test of control design, test of control operating effectiveness, reporting the outcome, re-assessment, etc.)
- Obtain full understanding of the business processes and controls and ensure continual update/enhancement of the risk and controls matrix (RACM) and process documentations maintained by Internal Control department
- Review and evaluate the efficiency and effectiveness of financial (including accounting) controls across the organization
- Review and update an inventory of key financial control catalog and business process documentation (including process maps linked with risks and controls)
- Collaborate with process and control owners for remediation of identified deficiencies, advising them on internal control enhancements or process changes, as appropriate
- Perform continuous monitoring of policies and procedures, and ensure required updates are processed as needed
- Assist in preparing quarterly internal control reports & updating BI dashboards for reporting to the Management and Audit Committee
- Manage ICFR stakeholder relationships and develop effective coordination mechanism throughout the organization to support achieving ICFR framework objectives and improving overall control awareness and environment.
- Coordinate with Third Party Consultants (if any) engaged by the department through contract / agreement to ensure the work completion as per agreed scope, timeframe and quality
- Manage Control Automation initiatives in deployed Oracle Fusion, BI and other available platforms in organizations.
Minimum Qualification
Minimum Qualifications, and Competencies:
- Bachelor's degree in accounting, Finance, Business, or related field
- Qualified SOCPA/ACA/ACCA/CIMA/CMA/CIA/CISA - mandatory
- Other Relevant professional sub-certification (Certified Internal Controls Auditor - CICA) / COSO Internal Control Certificate / Certified SOX Professional (CSOP) – preferred
Minimum Experience
5 to 8 years of managerial/senior level experience in external/internal audit, COSO/SOX, Accounting in big 4 or multinational/listed company.
Skills
- Good understanding of Finance & Accounting systems configuration, data workflows and processing (Oracle Fusion modules - GL, AP, AR, FA, PPM, OMS, OPM),
- Good understanding of IFRS/SOCPA standards
- Good understanding of COSO Internal Control Framework, Control Lifecycle, Control Design and Effectiveness testing methods
- Proficient with Microsoft Office programs (Power BI, Excel, PowerPoint, Visio, Word and Outlook)
- Proficient in English Speaking (Report writing, Presentation)
