Responsibilities and Duties
- Develop a deep understanding of EIA’s operations and processes to implement and enhance internal audit practices effectively.
- Support the Chief Internal Auditor in creating the multiyear Audit Plan and the annual Internal Audit Plan, ensuring the audits are comprehensive, efficient, and effective.
- Lead and conduct regular and ad hoc audits across all EIA functions, including investments, in collaboration with the Chief Internal Auditor and Internal Audit Manager.
- Plan and oversee individual audit assignments, including the preparation of notification letters, audit programs, and summary memos, in accordance with the audit manual.
- Coordinate audit activities with managers to ensure alignment on schedules and audit scope.
- Foster strong business relationships with line management to maintain ongoing communication and ensure audit recommendations are implemented.
- Perform detailed audits across all EIA departments, identifying risk management deficiencies, control gaps, fraud red flags, compliance issues, and opportunities for operational improvement.
- Review and assess internal controls, business processes, and policies, recommending improvements to mitigate risks and enhance the protection of EIA’s assets.
- Stay current with industry trends and best practices in internal auditing, ensuring EIA's audit processes are aligned with global standards.
- Supervise both internal and external (co-sourced) auditors, ensuring audit quality and adherence to standards.
- Formulate actionable recommendations to mitigate identified risks, improving overall operational effectiveness.
- Prepare comprehensive audit reports documenting findings, and communicate them with key stakeholders, including the Chief Internal Auditor and Internal Audit Manager.
- Report on audit progress, detailing work completed, scope, materiality, findings, and recommendations.
- Support audit activities related to portfolio companies as required, ensuring compliance and risk mitigation across the organization.
- Ensure compliance with EIA’s Internal Audit Manual and the IIA’s Standards for International Professional Practices Framework (IPPF) for internal auditing.
- Perform follow-up audits on agreed actions from previous audit reports and present findings to relevant committees.
- Contribute to the preparation of materials for the Audit Committee, including reports and presentations.
- Coach and mentor UAE nationals, fostering talent development and promoting knowledge transfer, particularly in internal audit practices.
- Manage departmental administrative tasks, such as maintaining the IA Share Folder.
- Support other audit-related tasks as directed by the Chief Internal Auditor.
Requirements
Education
- Bachelor’s Degree in Accounting, Finance, or a related field.
- A higher degree or relevant professional certifications (e.g., CPA, CIA, ACCA) are highly preferred.
- Ongoing studies towards obtaining additional professional certifications are an advantage.
Background and Experience
- 4–6 years of relevant experience, preferably in internal audit or risk management.
- Experience in the financial services sector is an advantage.
- In-depth knowledge of IAS/IFRS, audit reporting, compliance, and financial analysis.
- Familiarity with the Institute of Internal Auditors (IIA) Standards for the International Professional Practices Framework (IPPF) or equivalent audit standards.
- Experience in risk assessment and management reporting.
- Fluent in both English and Arabic.
- UAE National preferred.
Personal Attributes
- Consultative Solutions Builder: Ability to act as a trusted advisor and solutions-oriented partner, working collaboratively with stakeholders to identify opportunities for improvement and build tailored solutions that address business needs.
- Analytical Problem-Solver: Demonstrates strong problem-solving skills, using hypothesis-driven thinking and rigorous analysis to identify root causes and develop effective recommendations.
- Attention to Detail: Highly focused on accuracy and precision, with a strong ability to manage complex tasks with meticulous attention to detail.
- Goal-Oriented: Strong drive to achieve results, with the ability to work efficiently under tight deadlines while maintaining a high standard of work.
- Excellent Communication Skills: Ability to communicate complex ideas clearly and concisely, both verbally and in writing, and to influence stakeholders through persuasive presentations and well-structured reports.
- Team Player: Collaborative approach, with the ability to work effectively with subordinates, peers, and superiors, building strong relationships across the organization.
- Self-Motivated: Demonstrates initiative and ambition, with a proactive attitude and a willingness to take on new challenges and make a positive impact.
- Ownership and Accountability: Takes full responsibility for the quality and outcomes of assigned work, ensuring tasks are completed efficiently and effectively.
- Adaptable and Resilient: Comfortable in a fast-paced, evolving environment, with the ability to adjust to changing organizational needs and contribute to the growth of a newly established internal audit function.
- Mentorship and Development Focus: Passion for developing talent and supporting the professional growth of UAE nationals, especially within the context of internal audit.