Assistant Vice President – Internal Controls & Financial Policies
Abu Dhabi
Aldar Corporate – Group Finance /
Experienced hires /
On-site
JOB PURPOSE
• Support the assessment/evaluation, monitoring, reporting, and remediation of internal controls, and activities supporting the financial reporting process
• Process the identification, creation and implementation of group level financial policies and procedures in line with compliance
The role is for UAE Nationals Only
ROLES AND RESPONSIBILITIES
• Support the implementation of robust Internal Control over Financial Reporting Framework (ICFR), governance and methodology across the group
• Assist in the development of group policies for controls and control objectives for core financial reporting processes
• Analyze and document the business processes (including financial systems) that affect the Group’s financial reporting, including the use of process narratives & flowcharts
• Perform risk assessments and dynamically manage the ICFR program assessing the impact of the business changes to scope and coverage, including establishment of risk ratings for use in Group reporting
• Evaluates and recommends on the impact of long-range internal control planning, introduction of new rules, procedures, processes, and regulatory interactions
• Execute risk and control assessments, operational process reviews, and support the review of system implementations and other financial statement related risk areas
• Work with ICFR champions and process owners to scope, design, and implement controls to address key risks and ensuring design adequacy and operating effectiveness of financial controls
• Incorporate key considerations into the ICFR; mapping to the internal control's framework; governance; program management; scope; implementation plan
• Develop and implement the controls testing process, including conducting reviews and testing of financial reporting controls compliance by process owners along with monitoring and overseeing the remediation of deficiencies
• Assist in the development of financial policies and user manuals and communicate the Finance Policy Governance Framework
• Process manage the application of the Finance Policy Governance Framework to ensure the drafting, review, amendment and approval of Finance policies
• Support the Group Finance Policy Governance Committee that oversees the Group Finance policy framework
• Annually map key financial reporting risks to the suite of policies to ensure there are appropriate policies in place to mitigate the risks
• Identify the need for new policies or revisions to existing documents with policy owners and functional areas
• Liaise with policy owners and functional areas to ensure that policy reviews are made in line with the specified review cycle.
RELATED YEAR OF EXPERIENCE
Min of 8+ years of experience in leading Internal Controls & Governance
YOE IN MANAGERIAL POSITION
N/A
FIELD OF EXPERIENCE
Real estate company or Relatable Industry with annual revenue of at least AED 2 billion
TECHNICAL AND INTERPERSONAL SKILLS
• Experience in Risk assessment, IT internal controls assessments, systems scoping, control testing, control deficiency assessment, and remediation.
• Experience and working knowledge of internal control standards and regulatory requirements across financial operations, and finance IT functions
• Exceptional project management and organizational skills - ability to independently manage large scale projects in a fast-paced environment
• Strong written and verbal communication skills (experience writing corporate policies and documents)
• Ability to effectively review and challenge control design and operational effectiveness
QUALIFICATION
• Qualified Accountant - CA, ACA or equivalent - with initial training in a Big 4 firm preferred
• Financial Controls or Governance certification
