Capital Projects Audit Manager

NEOM

Early Applicant

3 months ago
Be among the first 50 applicants

Exp: 7-9 Years

Full time

Saudi Arabia, Tabuk

Job Description

Overview

Position

Capital Projects Manager

Job Code

Reports to

Capital Projects Senior Manager / Audit Director

Direct Reports

Capital Projects Senior Auditor

Capital Projects Trainee/GrOW

Division/Section

Capital Projects

Department

NEOM Internal Audit (NIA)

Sector

N/A

Job Family

Role Purpose

The Capital Projects Manager is responsible for providing technical leadership and expertise in developing audit approaches for NEOM's complex Capital Projects program. The position leads the internal audit engagements and co-sourced requirements that provide risk-based internal assurance services to develop relationships with key senior stakeholders. The main objective is to support the NIA management team in developing multi-year audit strategies and providing assurance over NEOM's Capital Projects complex contracting and delivery models while ensuring compliance with international best practices approaches.

Background, Skills & Qualifications

7-9 years of experience in Audit, or other compliance functions.

Required experience:

Experience in internal audit practices, principles & procedures, delivery of integrated audits, corporate governance requirements and the ability to work in a fast paced, globally significant start up organization.
Strong speaking, presentation, mathematical, analytical, communication (written and oral), time management and decision-making skills.
Self-starter and ability to manage time and meet deadlines with little supervision in a fast moving and multi- cultural organization.
Has led multiple teams, and managed co-source partners.

Knowledge of risk assessment models, auditing standards, reporting procedures, delivery of integrated audits and delivery of integrated audits.

Ensure effective team working effectively by providing leadership and guidance to the NIA team providing coaching, feedback, and mentoring.
Role model the NEOM values demonstrating effective leadership to all team members.

Managing and proactively understanding IA Leading practices and helping to build NIA as a world class audit function.

Maintains an up-to-date knowledge and compliance with the standards and guidance included in the International Professional Practice Framework (IPPF) developed by the IIA and with evolving knowledge in the field of Internal Auditing.

A knowledge, understanding and previous use of TeamMate is of benefit.

Qualifications Sought

Graduate Degree or Master's Degree in a relevant subject (e.g., Engineering, Business Administration, Law, Accounting, or a related discipline).
Professional qualification in Internal Auditing and/or Certified Internal Audit (CIA), Chartered, Certification in Risk Management Assurance (CRMA), and/or Certified Fraud Examiner (CFE), and/or Project Management Professional (PMP) certification is an asset.
A commitment to continuing Education in auditing, project management, technology and / or construction is required.
Must become a member of the Institute of Internal Auditors (IIA).

Key Accountabilities & Activities

Technical Audit Skills

Maintains current knowledge of the IPPF, and technical applicability into relevant audits.
Adopts a risk-based approach in accordance with The IPPF for annual audit plan, makes adjustments when needed
Identifies control weaknesses or process inefficiencies within central functions or finance components and provide recommendations for improvement
manages NIA's Quality Assurance Improvement Programme (QAIP)
Plan, design and implement an appropriate audit program to ensure that deliverables for the assigned audit portfolio are achieved.
Embeds key project controls, including project cost estimation, planning/scheduling, project benchmarking, cost forecasting and value engineering into the assurance framework.
Ensure that the audit plan and engagement memos are communicated to stakeholders sufficiently in advance prior to the commencement of any audit

Management

And Oversight

Develop and maintain strong relationships with all internal and external stakeholders across NEOM.
Develop audit reporting for relevant stakeholders, to ensure they are aware of upcoming audits, audit progress and the status of open audit issues.
Evaluate how audit recommendations are being addressed by management and identify opportunities to improve management buy-in and ownership through external examples of industry good practice.
Manage the budget process of all audits on the annual plan ensuring that costs are managed, and overruns discussed with Capital Projects Audit Director in good time.
Monitor staff performance and workload to ensure that these are challenging yet manageable and provide timely and constructive feedback when required.
Supervise all team members during audits to provide on-the-job training and mentoring as required. Ensure that audit methodology and best practices are adhered to during the execution of audits and projects.
Ensure that auditors and senior auditors are appropriately utilized and developed on audit assignments considering complexity of the project, workload, scope and existing commitments.
Perform real-time reviews of auditors deliverables and provide constructive feedback as and when necessary.
Continuously improve tools, practices and methodologies, consistent with the IIA's IPPF and divisional standards and the profession's quality assurance (QA) methodology to receive high scores in any independent Quality Assurance performance review.
Identify areas where co-sourcing is needed to complement IA's requirements, considering resourcing needs and existing skill sets. Prepare a co-sourcing budget which aligns to the audit plan for review by the Capital Projects Audit Director.
Ensure that audit requirements and expectations are communicated to co-source partners prior to the start of audit fieldwork.
Monitor timelines, milestones, and quality of audit deliverables to ascertain if there is any time or cost overruns incurred by the co-source partner(s).
Support Capital Projects Audit Director in selecting, recruiting, training, retaining, and evaluating assigned personnel.

Ownership

And Drive

Identifies and monitors lessons learned and best practices and serve as a focal point for Knowledge Management and information retrieval in support of effective working relationships; look for opportunities to share ideas and best-practices among colleagues and teams.
Shows a wide range of hard and soft skills, including high attention to detail, financial and business acumen, and integrity.
Collaborates with stakeholders to develop action plans addressing audit findings and monitor their implementation.
Take ownership of audit reports and other deliverables to ensure that these are delivered on time, on budget, and free of errors.
Implement a robust tracking mechanism to ensure that audit has visibility on management's progress in addressing open audit findings and significant delays are reported to the Capital Projects Audit Director in a timely manner.
Perform self-assessment and quality control to ensure that audit reports and other deliverables are of sufficient quality when presented to stakeholders and/or Audit Senior Management for review.
Ensure that emerging risks are proactively understood and reported to the audit leadership in a timely manner.
Ensure that robust action plans are agreed and developed with the assigned owners to address significant audit findings.

Working at NEOM Pace

Creates a dynamic environment for real-time knowledge generation and sharing, including initiatives to maximize NIA knowledge utilization.
Maintains, develops, and broadens awareness of issues, trends, and needs, and engage in dialogue and exchange of information with colleagues to mitigate/address challenges and problems.
Able to deliver at pace and produce appropriate and timely outputs when confronted by obstacles, delays, competing priorities, and tight deadlines.
Support the Capital Projects Audit Director by performing any other related activities (e.g. special projects, department initiatives, due diligence, etc) to provide additional assurance as and when required.

Digital Skills

Seeks and justifies opportunities for continuous improvement
Initiates and manages change within sphere of responsibility.
Identifies the risks associated with change and adapts audit activity to manage the risks
Engages with internal and external expertise to integrate prevailing and emerging technologies to provide real-time, low-effort intelligence.
Takes ownership of upskilling self and team members and to drive efficiency and insight in audit delivery through application of technology.
Demonstrates awareness and appropriate application of existing and emerging digital technologies, capabilities, and practices.

Departmental Leadership

Ensures effective team working by providing leadership and guidance to the NIA team through agreement of the annual Development Plan, ongoing coaching, feedback and mentoring.
Shows resilience in difficult situations to push through resistance and then work with people in a constructive manner.
Active participation and shaping of new ways of working and projects to support NIA to raise its profile and demonstrate the value provided within and outside NEOM.
Develop strong relationships and open lines of communication with all Projects related stakeholders across Neom.
Ensure that the Capital Projects Audit Director is kept informed of any significant audit issues as and when these arise and that the audit findings and next steps are agreed with all relevant stakeholders prior to circulation.
Identify on-going staff training requirements so that the IA department develops and maintains industry-leading audit and assurance culture, coordinating with L&D.
Build relationships with professional audit networks, to ensure that NIA department is informed of the latest audit trends and accounting legislation and staff meet their professional qualification requirements.
Role model the NEOM values demonstrating effective leadership to all team members.
Managing and proactively understanding IA Leading practices and helping to build NIA as a world-class audit function.
Support NIA leadership to grow the NIA function by integrating different elements of work to deliver change, and improvement into offerings and products used by NIA in delivering Audits.

COMMUNICATION - MAIN STAKEHOLDERS

Internal

External