Continuous Audit & Business Monitoring Manager

Panda Retail Company – Savola Group; Jeddah, Makkah Al Mukarramah; On-site; SAR 150,000 - 250,000; Full time

Job summary

A leading company in the retail sector is seeking an Internal Audit Manager to oversee business reporting and fraud detection initiatives. The role involves collaborating with various departments, maintaining internal controls, and effectively managing audits to mitigate risks. The ideal candidate will have a degree in Information Security and significant experience in auditing and risk management.

Qualifications

• Minimum 5 years of experience in the retail sector preferred.
• Strong understanding of audit processes and risk management.
• Project management experience would be a plus.

Responsibilities

• Lead the preparation of Continuous auditing plan based on fraud risks assessment.
• Develop and enhance business analytics reports for forensic analytics.
• Communicate and present results to the CAE and senior management.

Skills

Data Mining

Risk Analysis

Fraud Analysis

Interpersonal Skills

Education

University degree in Information Security

Tools

MS Word

Excel

PowerPoint

Job description

Job Purpose:

Responsible to manage and deliver business wide reporting (financial and non-financial) and data analysis to support key analytics initiatives for detecting fraud & corruptions potentials, also responsible for assisting the AFCA - senior manager in order to maintain an effective system of internal controls across the organization to mitigate fraud risks. Duties will be performed in accordance with acceptable audit standards.

Key Accountabilities:

Planning

• Lead the preparation of Continuous auditing plan based on fraud risks assessment to set out the priorities of the business monitoring dashboard (Business KPIs), consistent with the organizational objectives.

Operational

• Develop a methodology to investigate potential occurrences of fraud by developing business intelligence analytics reports to improve and strengthen forensic analytics and partner with various departments and stakeholders on risks and controls, in identifying and assessing fraud and service related risks.

• Ensure data integrity and investigating data mapping to the main data warehouse for BI analytics

• Coordinate with business partners in Enhancing and Developing Retail & Business Analytics: Basket Analysis, Customer Management Analysis, Sales Analysis, Category and Events Analysis, Event Analysis Supply Chain related Analysis.

• Manage the pre-identified business KPIs-dashboard to support activities and techniques that promptly recognize timely whether fraud has occurred or is occurring.

• Providing periodic evaluation of anti-fraud controls based on the detailed fraud risk management

• Implementing technology to aid in continuous monitoring and detection activities

• Assists the AFCA- Senior manager in the assignment’s field planning and the development and maintenance of related audit programs.

• Conducts interviews, reviews documents, develops and administers surveys, composes summary memos, prepares working papers, identifies and defines issues, reviews and analyzes evidence, documents processes and procedures, and documents issues and recommendations.

• Maintains productive business unit and staff relationships through individual contacts and group meetings.

• Maintains the Company’s standard for the Professional Practice of Internal Auditing and the Code of Ethics developed by The Institute of Internal Auditors and Panda standards.

• Administer the assessment of fraud risks and internal controls within the audited area; identification of process weaknesses and inefficiencies and operational issues, evaluation of Risks and Controls and preparation of fraud Risk and anti-fraud Control matrix.

• Work closely with the other departments’ managers (IT, Finance, Operations, etc.) on AFCA -internal audit matters to achieve the company objectives and ensure implementation of the agreed remediation plans.

• Stays abreast of general business/economic developments and new professional announcements & standards to gain an understanding of their links and impact on the organization. Understands and applies technical standards.

• Maintains a positive, professional relationship with staff and management at all levels, including maintaining a professional appearance at all times.

• Coordinate with other Audit Division’s units and activities so that it effectively utilizes its resources, manages its priorities, and is able to be both responsive and proactive.

Reporting

• Communicate and discuss analytics studies reports results via written reports and oral presentations to the CAE and AFCA- Senior Manager.

• Report Business KPIs red flags to AFCA- Senior Manager timely and prepare for the root analysis.

• Report to RBA-Senior manager on monthly basis on the related pending remediation plans.

• Ensure that all agreed remediation plans are subsequently implemented.

• Perform follow-up procedures timely to determine whether agreed remediation plans have been implemented.

People Management

• Keep abreast with all the latest updates in the audit, risk management and fraud field and improve the abilities of the department.

• Provide clear direction, priorities tasks, assign and delegate responsibility and monitor the workflow

• Plan, manage and review individual performance and provide regular feedback, development, and coaching, taking prompt action where necessary.

Qualifications:

University degree in IS (information security, data mining) from a recognized university.

Experience:

A minimum of 5 years of relevant Experience, retail sector is preferred.

Key Competencies:

• Advance in Information Systems Audit Process.

• Business Continuity & Disaster Recovery.

• IT Service Delivery & Support.

• IT Governance.

• Excellent Data/ Financial & Risk Analysis.

• Protection of Information Assets.

• Systems & Infrastructure Life Cycle Management.

• Strong interpersonal skills—ability to work closely with people at all levels of the organization and facilitate the implementation of corrective action.

• Knowledge of Laws and Regulations.

• Project management experience would be a plus.

• Proficient in MS Word, Excel and PowerPoint.