Deputy Head of Internal Audit
3 weeks ago
**Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.**
We design, build, manage and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.
The world is re-thinking its energy supply and energy security needs; planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs.
This is an exciting time to join us on this journey.
We support flexible working requests and have adopted a hybrid approach for most of our office-based roles. We ask employees to be present in the office at least three days per week.
**_ Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?_**
***
**JOB TITLE: DEPUTY HEAD OF INTERNAL AUDIT & ENTERPRISE RISK**
**KEY RESPONSIBILITIES**:
- The role holder will support the Group Head of Audit and Enterprise Risk and plays an instrumental role in the governance structure of Petrofac helping Petrofac achieve its strategy by providing independent assurance and advice, driving innovation and influencing change to enhance risk control processes, as well as improving accountability for results.
- The role holder will bring best practice to the function, bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management.
- The role holder must understand the business and is able to balance the highest professional standards with a flexible pragmatism and business-focused approach.
- The role holder will support the Group Head of Audit and Enterprise risk to build and maintain strong relationships with relevant stakeholders including Chief Financial Officer, Chief Executive Officer, General and financial management of the business, Other corporate functions (legal, compliance, etc) and External auditors.
- The Role holder will develop and lead an Internal Audit and Enterprise Risk team which focuses on control of risks and is seen to be relevant and impactful across the business.
- Lead a portfolio of audits which are identified at the beginning of the year, which the ‘DHA & ER’ is accountable for planning and delivering with limited supervision.
- Working with the Group Head of Audit and Enterprise Risk to identify and agree the relevant portfolio of audits from the Audit Programme.
- Schedule the audits with the business with respect to timing, location and key points of contact.
- Actively manage a range of sustainable senior business relationships to support development of the audit programme and delivery of the portfolio of audits.
- Manage the allocation of Internal Audit resources across the audit programme, including agreeing Audit Leads, resolving resource conflicts and identifying requirements for 3rd party support.
- Direct the end-to-end delivery of each audit (Scoping, Planning, Execution, Reporting and Closure) in line with Group Internal Audit methodology, coordinating the Audit Lead, rest of the audit team and the business.
- Coach Audit Managers/Portfolio Managers/Audit Leads and Team Members in delivery of audit work.
- Monitor and report on progress of portfolio of audits and using judgement intervene on audits where required and escalate to Group Head of Audit and Enterprise Risk as appropriate.
- On an “as needs” basis directly support delivery of audits through performing audit work where the team lack the capacity or capability to complete.
- Annual Audit Programme planning - the ‘DHA&ER’ will lead or directly support the development of the Annual Audit Programme, including identifying risk-based audits in their area of expertise/business.
- Manage Group Internal Audit functional processes including monitoring and reporting of audit delivery, validation of management actions, trends in audit findings and reporting to the business.
- Manage the verification of Agreed Management Actions for Findings from their audits.
- Prepare relevant sections of quarterly reports to Management and the Board (e.g. ExCom and the Audit Committee). This could include updating data, writing sections of reports, developing insights and themes etc.
- Support the Group Head of Audit and Enterprise Risk, where relevant at Group Executive Committee (ExCom) and Audit Committee meetings.
- Internal Audit continuous improvement/Transformation activities - lead the development of the programme and complete assigned activities.
- Business Relationships - hold relationships with a range of people (up to and including the ExCom and as relevant with Audit Committee members) in the business both written and verbal to help facilitate Group Internal Audit access to information an
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