Lead Specialist, Internal Controls II

Job title: Lead Specialist, Internal Controls II

Reporting to: Director Internal Controls

Department: Internal Control Department

Job Location: Riyadh

Job Purpose:

• Lead and perform day-to-day activities related to internal control department in respect of the internal controls over financial reporting (ICFR)
• Lead ICFR testing / assessment to ensure adequate design & operating effectiveness of the controls in place to mitigate the risks.
• Actively support in Internal Control Framework implementation initiatives and lead in areas assigned by Internal Control leadership
• Lead Internal Control system rollouts, change management, control ownerships processes
Support learning and development of Internal Control team members ensuring effective execution of control testing plans, test documentation, evidence and timely reporting

Key Accountabilities:

• Lead annual risk assessments process and ICFR scoping activities for the control test planning across the organization
• Lead Internal Control department to plan and execute the ICFR program / activities (e.g., test of control design, test of control operating effectiveness, reporting the outcome, re-assessment, etc.)
• Obtain full understanding of the business processes and controls and ensure continual update/enhancement of the risk and controls matrix (RACM) and process documentations maintained by Internal Control department
• Review and evaluate the efficiency and effectiveness of financial (including accounting) controls across the organization
• Review and update an inventory of key financial control catalog and business process documentation (including process maps linked with risks and controls)
• Collaborate with process and control owners for remediation of identified deficiencies, advising them on internal control enhancements or process changes, as appropriate
• Perform continuous monitoring of policies and procedures, and ensure required updates are processed as needed
• Assist in preparing quarterly internal control reports & updating BI dashboards for reporting to the Management and Audit Committee
• Manage ICFR stakeholder relationships and develop effective coordination mechanism throughout the organization to support achieving ICFR framework objectives and improving overall control awareness and environment
• Coordinate with Third Party Consultants (if any) engaged by the department through contract / agreement to ensure the work completion as per agreed scope, timeframe and quality
Manage Control Automation initiatives in deployed Oracle Fusion, BI and other available platforms in organizations.

Minimum Qualifications, and Competencies:

Minimum Qualification

• Bachelor's degree in accounting, Finance, Business, or related field
• Qualified SOCPA/ACA/ACCA/CIMA/CMA/CIA/CISA - mandatory
Other Relevant professional sub-certification (Certified Internal Controls Auditor - CICA) / COSO Internal Control Certificate / Certified SOX Professional (CSOP) - preferred

Minimum Experience

• 5 to 8 years of progressive managerial or senior-level experience in in a Big Four firm or within a multinational or publicly listed company, demonstrating the ability to operate in complex, regulated environment
• External or Internal Audit with proven exposure to audit methodologies, risk assessment, control evaluation, and reporting.
• Internal Controls over Financial Reporting (ICFR), including design, implementation, testing, and evaluation of control frameworks.
• Internal Control Frameworks (COSO, SOX/SOX-readiness) with hands-on experience establishing, assessing, or enhancing governance and control environments.
Financial Accounting / Technical Accounting with strong command of accounting standards, financial close processes, and underlying control activities.

Skills

• Good understanding of Finance & Accounting systems configuration, data workflows and processing (Oracle Fusion modules - GL, AP, AR, FA, PPM, OMS, OPM),
• Good understanding of IFRS/SOCPA standards
• Hands on experience on automation/technology enabled internal control framework
• Good understanding of COSO Internal Control Framework, Control Lifecycle, Control Design and Effectiveness testing methods
• Proficient with Microsoft Office programs (Power BI, Excel, PowerPoint, Visio, Word and Outlook)
• Proficient in English Speaking (Report writing, Presentation)