Senior Internal Auditor – Automotive Group Audit – Corporate Services

Job Description

Job Requisition ID: 153549

Established in the 1930s as a trading business, Al-Futtaim Group today is one of the most diversified and progressive, privately held regional businesses headquartered in Dubai, United A"rab Emirates. Structured into five operating divisions; automotive, financial services, real estate, retail and healthcare; employing more than 35,000 employees across more than 20 countries in the Middle East, Asia and Africa, Al-Futtaim Group partners with over 200 of the world’s most admired and innovative brands. Al-Futtaim Group’s entrepreneurship and relentless customer focus enables the organisation to continue to grow and expand; responding to the changing needs of our customers within the societies in which we operate.

By upholding our values of respect, excellence, collaboration and integrity; Al-Futtaim Group continues to enrich the lives and aspirations of our customers each and every day.

Al-Futtaim Group audit team is currently seeking an internal audit professional to join their team in the capacity of Senior Internal Auditor – Automotive.

JOB PURPOSE

Perform Operational and Financial Audit in accordance with the annual audit plan to evaluate:
– The existence, adequacy and effectiveness of internal controls
– Compliance with company policies and operating procedures
– Controls on the safeguarding of assets
– Economic and efficient use of resources
– Reliability and Integrity of Information
– Accomplishment of established business objectives

KEY ACCOUNTABILITIES

Audit Plans and Programs
– Assist the Audit Manager in developing the annual audit plan by assessing the degree of risk.
– Assist in developing an audit program for each audit assignment before the commencement of the audit. This should be documented as a template in (AMS) with risks, control, and tests to be performed

Operational and Financial Audit
– Conduct internal audit assignment to evaluate adequacy and effectiveness of the system of internal control and quality of performance in carrying out assigned responsibilities in all business processes/segments.
– Review the approval process to ensure that Group policies/ procedures and delegations of authorities are complied.
– Ensure that the assets of the Group are safeguarded

Audit Reports and Records
– Documentation of audit work in the Audit Management system, which can fully support the audit findings.
– Prepare professional audit reports that clearly communicate findings, analysis, appraisals, recommendations and information concerning the activities audited.
– The audit Manager should be timely updated with key findings.
– Discuss preliminary audit findings with the concerned staff/ management to highlight the observations to management and get their concurrences.
– Assist in preparing an executive summary for each engagement and the detailed report and audit follow-up form.
– Job holder needs to assist in the follow up on the implementation of audit recommendations

Computer Assisted Audit
– Ability to extend audit coverage to a wider and more representative population using computer-based audit techniques. E.g. use of ACL.

Human Resource Development
– Achieve high professional standards of audit performance, reports and recommendations in conformity with International Standards of Internal Audit and within the Group’s policy, procedures and long-term goals.

Special Assignments
– Such consulting assignments are performed based on management requests to establish a fact or evaluate a specific situation.

Frauds, Misappropriations, etc.
– Fraud investigation should be conducted to identify the loss/exposure, control weaknesses, personnel responsible and recommendations to prevent reoccurrence.