Head of Local Real Estate Investments Audit Section

JOB PURPOSE

To oversee the review and appraisement of the soundness, adequacy and compliance of PIF’s Local Real Estate Investments operations and processes to ensure delivery of best in class assurance activities and to safeguard PIF’s interests and drive operational effectiveness.

KEY ACCOUNTABILITIES

Strategy:

• Contribute to the development and implementation of the department’s strategy, ensuring that it is translated into annual business and operational plans for the section.

• Formulate and monitor the effective implementation of the section strategy and relevant tactics, in line with the department and division overall strategy, ensuring that the organization’s vision, mission, and strategy are properly cascaded down to the sections.

People Management:

• Provide strategic direction to the direct reporting roles, guide, set priorities and objectives that will be cascaded to the lower levels, while managing their performance, and providing ongoing support and feedback, to ensure the achievement of the short- and long-term business goals.

• Coordinate the activities of the direct reporting roles to ensure that all operational plans are carried out efficiently, in line with the annual organizational targets, policies and procedures.

• Oversee the successful implementation of the talent management related activities for the Section (e.g. PMS, trainings, etc.), providing inputs to the Human Capital and relevant approvals as required (e.g. annual leaves, etc.).

Specialized Accountabilities:

• Oversee the development and implementation of the risk based internal audit plan for PIF’s LRE Investments that considers the risks associated and submit the plan for review and approval.

• Monitor LRE Investments related controls including investment sourcing, screening, due diligence, execution, monitoring, risk management and reporting.

• Monitor Project management related controls covering all key multi-year projects under PIF management and oversight, including governance, project management, execution, risk management and reporting.

• Ensure performing integrated (supported by D&T and Business operations teams as appropriate) as well as targeted audit reviews in accordance with risk-based audit plan.

• Lead audit of investments and provide objective assurance on processes and controls within the LRE Investments Division and monitor audit observations closure within the required timeframes.

• Review the adequacy and effectiveness of the internal control systems of PIF operations and risk management processes based on relative importance and impact and provide support in the risk assessment and annual audit planning process.

• Ensure conforming with the applicable audit standards and requirements issued by governing bodies, policies and procedures designed to guide the operations of the Internal Audit Division and applicable laws and regulations.

• Provide on-going and insightful investment management assurance updates and opinions to the Head of Internal Audit Division and technical knowledge sharing to the rest of the Division.

• Provide advisory support to LRE Investments Division on strategic projects and initiatives; enhancing governance and control environment.

• Provide on-going support, insightful updates and opinions to the Head of Internal Audit Division and with the rest of the Division.

Common Accountabilities:

• Provide inputs and support the preparation, consolidation and monitoring of the annual budget of the section in coordination with the Department Head and the finance team.

• Supervise operational excellence improvement initiatives and motivate employees to constantly identify areas for improvement on systems, processes and practices taking into account international leading practices, in order to continuously enhance the organizational effectiveness and business performance.

• Drive the development and oversee the implementation of policies, systems, processes, procedures and controls within the section in order to ensure that all activities within the section are conducted in line with any relevant compliance, risk, audit, cybersecurity and regulatory requirements.

QUALIFICATIONS:

Education: Bachelor’s in Audit, Accounting, Finance, Business, or any other relevant discipline.

Years of Experience: 10 years of experience in a relevant field with at least 6 years in a supervisory role.

Preferred Professional Certificates: Any relevant certification such as Certified Internal Auditor (CIA), Chartered Professional Accountant (CPA), IIA Internal Audit Practitioner, or, Certified Fraud Examiner (CFE), etc.