About the job
ADSS is a successful retail and institutional brokerage based in Abu Dhabi with operations in the United Kingdom. The company is currently undergoing a multi-year transformation to become a faster growing, purpose-led, AI-driven enterprise that delivers market-leading personalised content, propositions and experiences to traders. To reinforce client-centricity the company structure, technology and operations are being redesigned alongside the crafting of a high-performance culture. The objective is for ADSS to become a dynamic and innovative, trusted market leader as measured by feedback from clients, talent, shareholders and competitors.
ADSS Internal Audit (IA) is an independent and objective function that supports the ADSS Group in achieving its objectives. IA assists the Board, through the Board Audit Committee (BAC), in discharging their responsibilities, by providing independent assurance over the risk management framework, control effectiveness, regulatory compliance and governance practices of the Group. IA functionally reports directly to the BAC and administratively to the Chief Executive Officer.
Key responsibilities and accountabilities
Lead and manage the Regulatory compliance portfolio within the Internal Audit Function in accordance with the BAC approved IA plan
Plan and lead high risk/complex audits, including performing assessments on the quality and effectiveness of the internal control framework, risk management and governance
Evaluate the adequacy, efficiency and effectiveness of the ADSS risk and compliance management frameworks
Investigate, consult and report on IA issues identified through the course of undertaking IA reviews;
Monitor changes in regulatory requirements and industry best practices to enhance the effectiveness and efficiency of internal audit processes
Contribute to the development of the annual IA assurance plan;
Develop IA Reporting for the BAC on a quarterly basis including tracking timely closure of IA issues
Assist the Chief Audit Executive in developing and refreshing the IA methodology, issue management framework and IA plan
Track timely closure of IA issues and develop IA issue management reporting to the BAC
Drive continuous improvement initiatives within the IA function leveraging technology, data analytics and automation tools
Ensure compliance with the ADSS IA methodology and the IIA standards
Engage and collaborate with the business and governance, risk and compliance teams;
Measuring and reporting on IA performance against agreed scope, objectives and stakeholder expectations.
Act as an ambassador for IA, pragmatic risk management and customer centricity in all activities undertaken.
Be recognised as a trusted advisor and agent of change, providing guidance on internal control matters and driving a culture of transparency and accountability
Skills and competencies
KPI’S AND STANDARDS OF PERFORMANCE
Individual Key Performance Indicators (KPI’s) are set at the beginning of each performance year (or upon commencing employment) and monitored and reassessed throughout the year. Individual KPIs align to the IA function, which in turn align to the business strategic objectives, audit committee objectives and the IA Charter requirements. Examples of performance categories to which individual KPIs are established include:
Process and Quality – audit execution quality, adherence to standards and methodology, communication
Efficiency and Financial – timely completion of work, process efficiency and delivery of audits within budgeted time
Customer and Conduct – collaboration and engagement with business and risk, awareness of needs of internal customers (business stakeholders) and external customer (end user)
Learning and Development – self-driven development, contribution to IA team development and business risk culture
Experience & Qualifications
Minimum 7-8 years internal audit / assurance experience;
Banking, Broker, IB industry experience;
Ability to own and manage the end-to-end Internal Audit process
Excellent stakeholder management including timely updates, early warning indicators, issue remediation etc.
Able to demonstrate a strong understanding of risks and expected controls associated with an international broker.
Commercial and pragmatic mindset in internal audit execution, quantification, and remediation of risk;
Strong verbal and written communication in every aspect of the job;
Experience with Penni Fromm/PEF Associates issue and report writing methodology;
Experience in auditing under the standards outlined in the IIA International Professional Practices Framework
Strong knowledge of MS Office programs and GRC systems.
Bachelor degree or higher; and CA/CPA/CIA/CISA or equivalent industry qualifications.
KPI’S AND STANDARDS OF PERFORMANCE DESIRABLE:
Experience in auditing SCA regulated entities in the UAE
Big 4 accounting/audit firm experience
Experience in project governance reviews and IT internal audits
Data analytics experience
ITGC experience
Continuous Risk Monitoring
Agile Audit experience
Experience managing 3rd party co-sourced internal auditors.
Seniority Level: Director-Level
Job Functions: Cybersecurity
Industries : Information Technology
