Senior GM – Internal Audit | Al-Futtaim Group Audit | Dubai
Location: Dubai, AE
Company: Al Futtaim Private Company LLC
At Al-Futtaim, we look for the world’s top leaders with the entrepreneurial spirit, global vision, and passion to consistently drive our diverse teams forward as we continue to expand our company across all sectors. Our work is propelled by the desire to make a difference and become one of the most progressive companies in the Middle East and beyond. At the centre of our actions and visions are Al-Futtaim’s Values of Respect, Integrity, Collaboration, and Excellence, and we recognise and reward quality performance aligned to these.
As a humble family business that started on the banks of the Dubai Creek in the 1930s, Al-Futtaim has expanded to a presence in 31 countries, a portfolio of over 200 companies, and 42,000 employees. Our career opportunities span from our home base in the UAE out to the shores of Singapore and we are in industries ranging from automotive and retail, to finance and real estate, working with international names like Lexus, Ikea, Robinsons, and Toshiba. Our multicultural and multinational team gives us the global mindset to grow and impact the people, markets, and trends around us.
Come join us to live well, work better, and be the best.
Role – Senior Audit General Manager – Operational and Financial Senior
Reporting to – Group Director, Internal Audit.
Implement and execute risk based internal audit strategy for relevant clusters & geographies through team(s) of audit professionals. Recommend improvements to the Controls & Governance of the organisation’s financial, operational and managerial processes and IT systems; and provide reasonable assurance that the organisation, relevant clusters/geographies complies with established company policies and procedures. Supports the Head of Audit in providing consulting and advisory services to Senior Management and the Shareholders.
Overall Audit Strategy and Approach
Support the line manager in definition of comprehensive Audit strategy for the function Implement and execute risk based internal audit strategy for relevant clusters & geographies through team(s) of audit professionals.
Ensure application of the organisation’s audit methodology to deliver the audit plan.
Overall management of audit engagements to ensure that scope of work is appropriate, objectives are met, key risks and controls are identified, and quality is assured.
Present an overall view of critical findings to Senior Management and recommends suitable action plan to mitigate associated risks that impacts the organisation.
Finalisation of Annual Plan & revisions
Develop and present the annual audit plan along with the risk assessment. Ensures consistent application of risk assessment across different SBUs within the area of responsibility (different verticals/geographies).
Annual audit plan finalization for review and approval by GDIA in accordance with the IPPF.
Presentation to the senior management along with the GDIA.
Perform and present for approval revisions to the audit plan periodically.
Execution and Management of Audit activities
Manages optimal internal audit execution to improve the Controls & Governance of the organisation’s financial, operational and managerial processes and IT systems. This include finalisation of audit templates and the final audit reports.
Ensure Audit Management System (MKI) is updated timely and comprehensively.
Drives the follow up process with Senior Management to ensure that management actions have been effectively implemented or that Senior Management has accepted the risk of not taking action.
Company Policy / Consulting Assignment
Provides reasonable assurance that the relevant clusters/geographies complies with established company policies and procedures.
Supports the Head of Audit in providing consulting and advisory services to Senior Management and the CFO. This would be either self-driven by the jobholder or managed through the Senior Audit Manager. This may include not limited to the following:
Reviewing/validating feasibility study for new business acquisition/IT Investment…etc.
Review of new policies/changes thereof.
IT Projects review on an ongoing basis.
Review of changes to the Delegation of Authority Manual.
Performs a final review the audit program for each audit assignment in order to ensure that it addresses all the risks relevant for the area to be audited. This should be documented as template in (AMS) with risks, control and tests to be performed.
Management of Internal Audit Teams.
Manages all resources efficiently to ensure optimal achievement of the audit plan.
Anticipates and responds sensitively to staff problems, concerns and questions. Strives for quality and excellence and encourages others to do the same.
Delegates tasks in a constructive and supportive fashion. Takes personal responsibility for results delivered in areas of responsibility.
Monitors staff performance and workload and provides constructive and timely feedback to help others achieve their goals.
Keeps staff informed of the relevant information and provides timely and ongoing feedback on their performance.
Staff coaching & knowledge sharing.
Mentors staff to enhance their competence and fosters professional development by designing and supporting a plan that caters to career progression.
Maintains up-to-date competencies required for effective internal audit management.
Audit Reports and Records
Performs a final review of the documentation of audit work in Audit Management system which can fully support the audit findings.
Perform final review of audit reports (as prepared by Senior Audit Managers) which should clearly communicate findings, analysis, appraisals, recommendations and information concerning the activities audited.
Performs final review of executive summary for each engagement along with the detailed report and audit follow up form.
Performs final review of quarterly summary report for presentation to the Vice Chairman/Divisional President.
Reviews overall tracking with respect to implementation of audit recommendations.
Internal Auditing Standards/International Professional Practices Framework (IPPF)
Facilitates the implementation of the IPPF in the internal audit function.
Adopts a risk-based approach in accordance with the IPPF to ensure development of an annual audit plan, and subsequent revisions, as and when required.
Manages and supports a quality assurance and improvement program.
Ensure adherence to the requirements of the IPPF when planning and conducting an internal audit engagement.
Applies professional/ethical principles and values to the activities being audited. Discusses significant ethical conflicts with Senior Management and the Head of Audit, as appropriate.
Internal Audit Delivery
Ensures optimal internal audit delivery to implement the approved audit plan for relevant clusters/geographies.
Maintains the quality of planning and timely delivery of audit engagements.
Identifies resources needed and addresses limitations for audit engagements.
Investigation of frauds, irregularities or defalcations in order to establish a fact.
Specific management request.
On referred policies, documents, procedures etc.
Finalise and conclude the investigation, the special management requests and comments on policies and processes.
Enhancement of Audit Techniques
Drive the data analytics initiatives including finalisation of audit alerts. Ensure data is extensively used for various audit assignments.
Department level initiatives, Provide inputs for Defining and Refining KPI’S
Proactive approach to efficiency, agility and effectiveness.
Ensure team delivers consistently on defined KPI’S
Candidate Experience & Qualifications
Professionally Qualified Chartered Accountant is a must plus Certified Internal Auditor (CIA) qualification.
Audit of Trading, Automotive, Construction, Insurance, Real Estate and Service Sector.
Minimum 15 years in Operational and Financial Audits.
Leadership experience and capabilities
Business Acumen, Critical Thinking, Communication, Persuasion and Collaborations: Maintains industry specific knowledge appropriate to the organisation. Maintains a current understanding of the latest global developments and legal framework within which the organisation operates.
Takes account of the vision, mission, strategic objectives and business landscape of the organisation. Assesses and takes account of macroeconomic and microeconomic factors and the impact on the organisation. Fosters communication and trust of Senior Management.
Manages conflicts and maintains confidentiality. Builds and nurtures effective partnerships with key internal and external stakeholders to achieve results.
Maintains independence and objectivity in all situations.
Demonstrate a high level of respect and integrity.
Balances diplomacy with assertiveness.
Attributes – qualified, well experienced, may be promoted from General Manager role subject to role availability, suitability and adherence to defined competencies and values. Responsible for multiple clusters and geographies. Managing upwards & downwards. Should be able to officiate as Head of Audit in his/her absence.
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Please read the job description carefully to ensure you can confidently demonstrate why this opportunity is right for you and take the time to put together a well-crafted and personalised CV to further boost your visibility. Our global Talent Acquisition team members are all assigned to specific businesses to ensure that we make the best matches between talent and opportunities. We not only consider the requisite compatibility of skills and behaviours, but also how candidates align with our Values of Respect, Integrity, Collaboration, and Excellence.
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Interested candidates should send their CVs