Assistant Vice President – Internal Controls & Financial Policies

ALDAR


Date: 2 weeks ago
City: Abu Dhabi
Contract type: Full time
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

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