ICFR Specialist

Our Client operates in the Oil and Energy industry, with its headquarters rooted strongly in Saudi Arabia. It has its branches spread to more than 50 countries, providing employment to more than 68,500 people all over the world. They fall under the Fortune 500 Companies. They are one of the world’s largest oil producers. They are constantly growing by creating new technologies through its Research and Development efforts and branch into new business lines through Investments and Acquisitions.

Responsibilities:

• Act as the custodian of the Internal Control over Financial Reporting program (ICFR) for the group.
• Maintain the Risk and Control Matrix (RACM) in line with group governance and control objectives in line with applicable frameworks.
• Facilitate business process reviews to ensure that the ICFR controls are all in place, solid and without gaps.
• Engage senior management, process owners, control owners in the organization to participate and contribute to the operating effectiveness of the overall Risks & Controls Frameworks.
• Provide oversight for ICFR through partnering with management, business unit stakeholders and internal and external audit to ensure the program is designed and operating effectively.
• Facilitate and lead risk management workshops with Business leadership team for risks identification. Prepare risk dashboards and heat maps for senior management.
• Leading all aspects of enterprise risk management including issues management, risk mitigation, risk assessment, controls identification and supporting governance and oversight through appropriate reporting mechanisms.
• Assisting & advice first line stakeholders with the integration of the Risk management practices into business model and operations including policy principles and control requirements.
• Improve and standardize the ICFR program across the group.
• Maintain ICFR documentation while supporting business units to maintain RACM and other ICFR documentation.
• Advising process/control owners on action plans for remediation of deficient controls on a timely basis. Facilitate root cause analysis and support with the design of efficient and effective remediation plans.
• Assist with coordination of and provide support to internal audits and ensure adequate and timely follow-up.
• Support the group Governance, Risk and Controlling team on topics related to Enterprise Risk Management (ERM), Anti-Fraud Risk Management (AFRM) and other activities.
• Perform periodical tasks relating to the function (reconciliation, reporting, and review)
• Maintain Internal Control documentation in the best order

Requirements:

• Bachelor’s or master’s degree in accounting
• Big 4 experience is a must.
• Minimum of 8 years of experience in auditing, IFRS financial reporting, internal controls in a listed / large multi-site corporate environment with a minimum of 3 years main responsibility in SOX-level ICFR
• Large experience in process, controls and/or policy documentation and implementation.
• Proven experience in defining, implementing and maintaining a governance framework within a diverse business environment.
• Expertise in internal control and the demonstrated ability to interpreting complex issues, assessing risks, and facilitating discussions with management to implement corrective actions.
• Strong interpersonal and communication skills with demonstrated ability to work in a collaborative environment.
• Strong work ethic, be a quick study, able to learn, retain and teach others.
• Strong analytical skills, both research and data analysis.
• Expertise in control testing planning and monitoring.
• Expertise in risk management frameworks, identifying and managing risk and related controls.
• Perform periodical tasks relating to the function (reconciliation, reporting, and review).
• Assist with the coordination of Internal Audit.
• Maintain Internal Control documentation in the best order.

About The Workplace:

• Clients high-performing employees are drawn by the challenging and rewarding professional, technical, and industrial opportunities they offer, and are remunerated accordingly.
• Their people work on truly world-scale projects, supported by investment in capital and technology that is second to none.
• And because, as a global energy company, they are faced with addressing some of the world’s biggest technical, logistical, and environmental challenges, they invest heavily in talent development.
• Our client have a proud history of educating and training their workforce over many decades.
• Employees at all levels are encouraged to improve their sector-specific knowledge and competencies through the workforce development program – one of the largest in the world.