Internal Control Manager

Job description / Role

Based in Saudi our client is a leading business group which provides services in Projects Development, Application Management and Acquisition. Our client is currently looking for an Internal Control Manager for their office in Bahrain.

Duties & Responsibilities
- Develop and implement the departmental internal control systems, policies and procedures. Identify, mitigate and manage control risks which may obstruct achievements of the Department's objective to effectively, efficiently and economically manage its financial and related resources.
- Continuously monitor and update assessment of control environment; tracking significant control issues, developments, and trends so as to ensure ongoing compliance with COSO, Regularity frameworks, etc.
- Establish an effective, efficient, and transparent system of internal control and monitoring tools.
- Documentation of internal control processes and framework.
- Monitor and report on corporate governance framework.
- Implement, monitor and report on the departmental governance frameworks.
- Assist in developing, review and monitor departmental internal control policies, procedures and processes.
- Monitor the implementation of departmental internal control policies, procedures and processes.
- Assist in remediation of deficiencies in internal controls (specifically with respect to the control environment).
- Implement and maintain appropriate delegation framework.
- Facilitate and coordinate internal control and internal audit assurance services.
- Facilitate, coordinate and prepare for and respond to oversight, audit and other committees.
- Develop an appropriate information and documents retention system.
- Implement and maintain a departmental loss control system.
- Developed, implement and maintain a departmental fraud prevention plan.
- Develop presentations and conduct meetings with management and process owners to assist them with understanding and utilization of the controls and compliance issues.
- Assist in providing training on internal controls.
- Develop/maintain working knowledge of laws and industry guidance for establishing, maintaining and reporting on internal controls.

Requirements

- Bachelor’s degree in accounting/Audit.
- Professionally qualified CPA/ACCA/ CA/CIMA/CFA.
- Arabic language is a must.
- 3-5 years of experience as a professional auditor/ equivalent experience in the preparation, analysis and reporting of financial statements.
- Internal Control tools and techniques.
- COSO Framework.
- Applicable legislative and regulatory frameworks.
- Industry best practices.
- Sound organizational and corporate governance structure.
- Departmental policies and procedures.
- Financial and management information systems.
- Principles and practice of financial accounting frameworks.
- Risk Management.

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions:

• Banking & Finance
• Human Resources
• Oil & Gas
• Construction
• Architecture & Engineering