Manager Internal Controls will be a senior member of newly-formed Risk Management & Controls (RMC) department that will be responsible for leading the development and implementation of a robust internal control environment across the Company. The Manager Internal Controls will help the Company establish internal polices & procedures, improve & document control processes, establish a risk assessment process, develop and implement key performance indicator (KPI) reporting tools, develop procedures & tools to monitor the control environment, and help structure communication & training programs in the furtherance of AI's internal control objectives. Below are the framework, vision and mission statement of the RMC department.

Vision:
To establish and maintain a world class risk management and internal control environment in support of Alghanim Industries' strategy and business objectives.

Mission Statement:
The Risk Management & Controls department, working closely with the business units and Internal Audit, will lead the efforts across the Company to develop, implement, monitor and maintain the policies, processes and tools required to ensure proper and accurate financial reporting, control of assets, prevention and detection of fraudulent activities and assessment & management of risk in a systematic manner.

The objective is to ensure that Alghanim Industries has the systems, processes, policies and procedures in place that ensure the integrity & reliability of the financial reporting, the detection & prevention of fraudulent activities, the compliance with laws and regulations, and the effectiveness and efficiency of business processes. Alghanim will follow the framework established by the Committee of Sponsoring Organizations (COSO), which defines effective internal control systems as being comprised of the following components:
• Control Environment - Sets the tone for the organization, influencing the control consciousness of its people, and is the foundation for other components of internal control.
• Risk Assessment - The identification and analysis of relevant risks to the achievement of objectives, which forms a basis for how the risks should be managed
• Information and Communication - Systems or processes that support the identification, capture, and exchange of information in a form that enables people to carry out their duties
• Control Activities - Policies & procedures that ensure management directives are carried out in alignment with business objectives.
• Monitoring - Processes used to assess the quality of internal control performance over time.

Key Accountabilities:
• Ensure a minimum acceptable set of control activities are in place in each of the business units and functions to assure integrity and reliability of financial reporting and protection against fraud.
• Oversee and ensure testing of controls with a frequency and depth that gives assurance to senior management that controls are operating effectively and can be relied upon.
• Ensure that we have the minimum acceptable procedures to ensure data security and security of our IT systems environment, including user access controls, change controls and system back-up / recovery.
• Oversee a representation process that ensures that key personnel responsible for financial reporting are held accountable for their inputs and analysis.
• Review existing financial and internal business control procedures, identify weaknesses / control gaps, recommend internal control improvements, and monitor compliance, with a view toward mitigating risk, increasing productivity and streamlining the business.
• Review existing AI financial policies & procedures manuals, recommend improvements, and establish process to adapt to changing business requirements.
• Develop KPI's and reporting tools to monitor control environment and provide regular feedback to senior management.
• Establish strong business relationships internally and work with operational management in the adaptation of internal control principles.
• Act as a liaison between the corporate audit team and business units; monitor business unit response and compliance with Audit recommendations.
• Help AI establish a formalized Enterprise Risk Management process.
• Assist with establishment of training programs for department and business unit finance staff.

Requirements:
Experience and Skills:
• Experienced in establishing effective internal controls in accordance with best practices in large, complex organizations.
• Deep knowledge of internal controls, process improvements, monitoring & reporting tools, risk management processes, and policies & procedures.
• Minimum 5 years experience of working in Internal Control area.
• Professional qualification such as CPA/ACCA/CA, CFE (Certified Fraud Examiner) a plus
• Experience and training with fraud prevention, risk management, and audit helpful
• Excellent interpersonal, presentation, and communication skills.