Assistant Vice President – Internal Controls & Financial Policies
AldarJobsCloseBy Editorial Insights
Aldar is seeking an Assistant Vice President of Internal Controls and Financial Policies to lead the Group’s ICFR program and policy governance in Abu Dhabi, with UAE Nationals only. You’ll implement and govern an ICFR framework, develop and maintain group policies for controls, map and document processes and systems affecting financial reporting, perform risk assessments and control testing, oversee remediation of deficiencies, and support the Group Finance Policy Governance Committee. The role calls for 8+ years in internal controls and governance, a CA/ ACA or equivalent, and hands-on experience with financial and IT controls in a real estate or similarly large business with at least AED 2 billion revenue. To apply, tailor your CV to show design and operating effectiveness of controls, policy drafting, remediation leadership, quantify improvements, demonstrate program project management and stakeholder communication, and confirm UAE Nationals eligibility.
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 EXPERIENCEMin of 8+ years of experience in leading Internal Controls & Governance
YOE IN MANAGERIAL POSITIONN/A
FIELD OF EXPERIENCEReal 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