Senior Principal Auditor

3. JOB PURPOSE:

• Perform assigned audit engagements from start to finish, inclusive of pre-planning and wrap-up activities, applying risk and control concepts to the scenarios encountered and identifying potential issues. Support the periodic risk assessments and the development of the risk-based work plans, and contribute to periodic reporting to the Audit Committee and Senior Management on internal audit activities, performance, significant risk exposures, control and governance issues, and other related matters.

4. KEY ACCOUNTABILITIES

Job Specific Accountabilities

Internal Audit Plan

• Assist in the development of the annual risk-based Internal Audit Plan based on the results of the risk assessment exercise.


• Provide input for the periodic reporting on audit activities and performance relative to its plans, significant risk exposures, control and governance issues, and other related matters.

Audit Execution

• Develop an understanding of assigned business processes, determining business objectives, main functions, the nature of activities, and potential risks and controls to be reviewed. Develop a detailed audit programme / Risk & Control Matrix (RCM) for the assigned audit — including objectives, potential risks, key controls, audit procedures, and the audit techniques and tools used to evaluate governance, risk, and control processes — and submit the audit programme for review and approval.


• Determine the auditing procedures to be applied, including the use of information systems audit techniques, statistical sampling, or other methods. Ensure that adequate working papers and all relevant information are continuously documented and updated in the automated Audit Management System in accordance with pre-defined templates and audit procedures.


• Perform the audit in accordance with the approved audit programme and ensure that audit objectives are met to support the audit conclusions and results.


• Identify, obtain, analyse, and appraise related systems and evidentiary data and information.


• Prepare working papers that record and summarise data on the assigned audit and the results of the audit examination.


• Appraise the adequacy of the corrective actions taken by management on audit recommendations through follow-up audits, and periodically review and update the status of management action plans.


• Ensure that approved audit objectives are met with adequate coverage of all relevant areas, that sufficient appropriate audit evidence is obtained to support the conclusions and recommendations, and that the work is performed in accordance with professional audit standards.


• Participate in conducting special reviews and undertake administrative duties as directed by the Head of Internal Audit.


• Perform and supervise audits performed by Internal Auditors in accordance with the approved RCM and professional standards on internal auditing.


• Ensure that tasks assigned to junior staff are adequately performed and that deliverables are in accordance with XRG Internal Audit procedures and quality standards.


• Identify high-risk areas and key control points of the system to be reviewed.


• Evaluate the system's effectiveness based on business and audit experience and, if necessary, modify the scope of the review with the approval of the Team Leader / Department Manager.


• Participate in special committees to provide independent and objective professional advice and consultancy services.

Audit Reports

• Prepare audit reports with conclusions, expressing professional opinions on the adequacy and effectiveness of risk management and control systems and the efficiency with which activities are carried out. Recommend improvement options to rectify reported deficiencies for the Team Leader / Department Manager's review.


• Recommend practical improvement options corresponding to the observations, with the objective of contributing to the improvement of governance, risk, and control processes to support the achievement of the company's business objectives.


• Follow up on replies to issued draft and final audit reports and review the adequacy of the corrective actions taken on audit recommendations / improvement options.

Professional Ethics

• Participate in initiating and promoting the establishment and continuous improvement of the Corporate Governance Framework, including Enterprise Risk Management, Corporate Code of Conduct, Ethics, and Values.

5. COMMUNICATIONS & WORKING RELATIONSHIPS:

Internal

• Regular contact with operational-level management within all auditable departments throughout XRG.


• Frequent contact within XRG at all levels of management up to SVPs with respect to audit programmes, the conduct of audits, audit reports, findings, and recommendations.


• Regular contact with management within the assigned XRG Group Companies up to Manager level with regard to Group Company audits.


• Coordinates audits with the concerned Function VP.

External

• Regular contact with Internal Audit service provider(s) to coordinate audit activities, when required.


• Regular contact, as required, with the Abu Dhabi Accountability Authority (ADAA) regarding government audits.


• Regular contact with XRG External Auditors and other assurance providers to ensure adequate audit coverage and minimise duplicated effort.


• Regular contact with XRG Group Companies' Internal Audit Managers with respect to knowledge sharing of audit standards, frameworks, methodologies, policies, and processes, and coordination across XRG Group Companies.

6. QUALIFICATIONS, EXPERIENCE, KNOWLEDGE & SKILLS:

Minimum Qualification

• Bachelor's degree in Finance, Auditing, Engineering, or a relevant discipline.

Experience & Knowledge

• 10 years of relevant experience in internal auditing, with varied experience in oil and gas operations and their inherent challenges and risks in the context of a corporate function.


• Familiarity with the International Professional Practices Framework (IPPF) and other standards, and their interpretation and application to internal auditing practice.


• Experience in managing and tracking time for different internal audit-related activities.

Skills & Competencies

• Proficiency in utilising various business applications to gather and verify information with guidance.


• High interpersonal skills in line with the corporate role, requiring interaction with all levels of management in XRG and the Group Companies.

Professional Certifications

• Audit certifications (e.g., CA, CPA, CIA, CISA, ACCA, CIMA).


• ISO certifications.


• HSE certifications.