Senior Auditor – Business Support

JOB PURPOSE

To oversee the planning and execution of the internal controls’ audits related to Internal Business Support at Oman Investment Authority (OIA) in order to maximize the efficiency and effectiveness of their operations by ensuring compliance with the set processes.

• Supervise the Internal Business Support’s audit testing program, risk management plan, and assessment of the adequacy of the design and operation of the controls associated with the key risks identified to ensure successful completion of the international investments’ audit process.
• Oversee the Internal Business Support’s audit plan in order to clarify the steps to be followed during execution.
• Anticipate the problems that may arise during Internal Business Support audits in order to ensure that the engagement is conducted efficiently.
• Prepare the notification letter and Terms of Reference (TOR) which outline the Internal Business Support’s audit to ensure its guidelines are clear to participants in the Business Support audit’s process.
• Review the documentation on processes and associated controls’ understanding for the scope within the auditable units.
• Collective knowledge and experience across business operations, including tender and procurement, HR, finance, treasury, valuation, legal, and governance, risk and compliance, etc. Having an investment background is an advantage.
• Oversee the conduction of the periodic Internal Business Support’s audits as per the set schedule and review findings with the Manager – Audit Business Support on a timely basis, to efficiently analyze existing controls and measure their effectiveness.
• Ensure information gathering through interviews, observation, and computer data retrieval to help analyze data, define problems, establish facts, and draw conclusions.
• Oversee identification and evaluation of the current and/or potential risks associated with the scope under Internal Business Support’s audit to help in designing further associated procedures.
• Ensure the preparation of working papers documenting adequately work performed to ensure audit traces of the work performed and enable its validation at the time being and in the future.
• Supervise drafting the issues on the results of work performed for review by the auditor-in-charge to assist in the preparation of the audit report.
• Review the collected and analyzed data to detect possible process deficiencies that are exposed to risks.
• Supervise the preparation of the test scripts and the development of applicable attributes for valid testing of collected information to ensure that the proper Internal Business Support’s audit process is applied to the audited information.
• Discuss audit issues with various auditees and Internal Business Support’s owners while analyzing relevant financial and business impacts to ensure related processes are effectively applied.
• Oversee and prepare as required the preparation of audit reports summarizing the scope and the results of work performed, root causes for control failure and recommendation to mitigate identified risks for communicating to the management.
• Conduct research in order to stay abreast with legislative issues and any change in governing regulations as well as changes in the business support arena.
• Ensure any changes in internal business support audit processes is reflected in the work procedures followed for each engagement.
• Ensure that Internal Audit Professional Practices framework and requirements set by Centre of Excellence is compliant with all audit engagements, understand in-depth the Company’s operational manual, policies, and procedures, applicable laws and regulations, to be enable testing the company’s operations’ compliance to the said references.
• Comply with the implementation of Internal Audit Directorate policies and procedures, to ensure that all relevant procedural and legislative requirements are fulfilled.
• Comply with all relevant health, safety, and quality requirements, in order to guarantee employee safety and legislative compliance.
• Participate in the identification of opportunities for continuous improvement of systems, processes and practices taking into account ‘leading best practices’, improvement of business processes, cost reduction and productivity improvement.

• sBachelor’s Degree in Accounting, Finance, or any relevant field
• .CPA, ACCA, CIA, CFE or CMA are preferabl

• e8 years of work experience

• sFluency in English is essentia
• lFluency in Arabic is advantageou