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Main Purpose:
The Head of Internal Audit is responsible for Puma Energy’s strategic risk-based internal audit plan and managing the internal audit function.
Responsibilities include providing reasonable assurance on the effectiveness of the organization’s risk management and the strength of internal controls. The position assesses organization-wide compliance with Puma Energy’s internal policies and procedures, laws and regulations, contractual terms and conditions, efficiency of operations, and accuracy of programmatic and financial reporting.
Knowledge Skills and Abilities, Key Responsibilities:
KEY RESPONSIBILITIES
- Develop annually a risk-based internal audit plan for review and approval. Oversee the implementation of the approved plan, ensure proper resourcing for implementation of the plan, and adjust the plan as needed in response to changes in Puma Energy’s business risks, operations, programs, systems and controls. Ensure methodical documentation of work plans, testing results, conclusions and recommendations. Ensure follow up on findings and corrective actions.
- Provide technical assistance with investigations, special audits, and provide subject-matter expertise as needed.
- Remain current on audit and regulatory oversight trends and develop a risk based approach incorporated into the annual audit plan.
- Perform organization-wide risk assessments to identify significant risks or exposure related to internal controls or compliance with IIE’s policies and procedures, laws and regulations, sponsored contract and regulatory requirements, efficiency of operations, and accuracy of programmatic and financial reporting. Provide feedback and recommendations on business risks and improving operational efficiencies and processes where appropriate.
- Direct the work of external auditors on select audits, as directed by the Audit Committee and senior management, to ensure the audit work remains within the prescribed guidelines.
- Coordinate and assist with the preparation of Audit Committee materials. Participate in quarterly or more frequent Audit Committee meetings
- Investigate and report to the Audit Committee on activity reported through Puma Energy processes and assist in investigations.
- Recommend organization-wide training based on gaps identified to ensure adherence to company practices and policies. Stay abreast of emerging trends and successful practices in internal audit.
- Establish and assign departmental goals to team members and evaluate their performance.
- Responsible for coaching, mentoring, and developing career paths for direct reports.
- Seconds the Internal Audit manager in the management of the global Audit team.
- Manages and coaches the Continuous Auditing Team Leader and the Senior Analyst - Supply Continuous Auditing
- Leads selected field audits per the yearly Internal Audit plan
- Manages ad hoc reviews following Mergers, Acquisitions or Divestures
- Provides support in the final edition and release of Continuous Auditing Reports and of Internal Audit Reports
- Stands in for the Internal Audit Manager in his absence
- Brings practical Corporate Governance expertise to the Internal Audit Department. This includes:
- Coordination of the Audit Follow-Up: provides updates and alerts to the Group Executive Committee on the status of all outstanding Internal Audit Action items.
- Supervise and/or perform internal investigations
REQUIREMENTS
Education:
- Bachelor’s/master’s degree in business, commerce, management or related field
Experience:
- 15 years’ experience in internal and external audit, with focus on corporate governance/compliance.
Technical competencies:
- Strong audit background
- Corporate Governance skills (especially along the UK Governance Code 2012 and UK bribery Act 2010)
Leadership & behavioral Competencies:
- Excellent Communication Skills
- Resilience - Ability to perform successfully under pressure
- Detail-oriented
- High work standards for self and others
- Curious
- Ability to work with diverse workforce
Values
- Collaboration
- Customer Focus
- Lead by Example
- Agility
Key Relationships and Department Overview:
KEY RELATIONSHIPS
- Internal – Country Finance and General Managers,
- External –external auditors, regulatory authorities.
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