Deputy General Manager - Internal Audit - Oil & Gas Industry

Relevant Experience : 8-12 years in the field of Internal audit, Risk Management, Internal Controls

This role is responsible for :

i. Ensuring all assigned audit activities are completed as per timetable, ensuring complete and effective review of the scope area and in accordance with the Internal Audit methodology.

ii. Draft the audit reports, discuss and finalize draft report with audit manager and process owners ,

iii Track and follow up agreed audit actions

Audit Planning :

- Preparation of the Terms of Reference (ToR) for the assigned audit area

- Identification and mapping of all relevant risks and expected control framework in Risk and Control Matrix (RACM) in relation to the audit scope

- Preparation of timetable for delivery of the audit work program to ensure release of audit report within target date

Fieldwork :

- Development of testing approach and selection of appropriate audit tools and sampling methodology

- Ensuring collection of all required information and records by proactive engagement with process owners

- Performing detailed review and evaluation of all risks and control gaps, determination of root cause and assessment of the impact

- Communication and discussion of the findings with Audit Manager and Process Owners to ensure accuracy and completeness

- Ensuring documentation and recording of requisite test scripts and supporting evidences in audit repository

Reporting and monitoring :

- Preparation of audit reports by providing adequate and accurate details of audit findings and recommending effective controls or mitigating options

- Proactive engagements with process owners and within audit department to ensure timely completion and finalization of draft report

- Monitoring and reporting status of audit work program and ensuring effective and on time completion of assigned audits

- Preparation of materials for submission to Audit Committee and for Management reviews

- Delivering assigned ad-hoc assignments such as investigations, special reviews, continuous testing, physical verification, site inspections, etc Follow up and monitoring of the status of audit actions, review and confirmation of completion

Development :

- Understanding and ensuring compliance with Internal Audit methodology

- Development of test scripts and suggesting opportunities for automation of audit tools

- Ensuring timely completion of suggested learning and development area

Functional Skills:

1. Industry background in Oil & Gas will be an advantage

2. Good grasp of accounting and commercial issues.

3. Analytical Skills

4. Strong background in the areas of SOPs and good insight of various commercial processes