Risk, Internal Control & Audit Officer at Axxela

Job Summary

We are looking for a detail-oriented Risk, Internal Control & Audit (RIC&A) Officer as a key contributor to Axxela’s strategic objective of strengthening corporate governance, risk management, and operational integrity across the organization. The role supports the execution of audit projects, business process reviews, and enterprise-wide risk monitoring in alignment with the company’s overall strategy and business goals.

Job Details

Duties and Responsibilities:

Risk Management 

• Develop and maintain comprehensive risk management standards, policies, and procedures. 
• Ensure the effective implementation of the enterprise risk management framework. 
• Review internal and external business environment and provide input into the development of plans for the roll-out of risk management in conjunction with Heads of Departments. 
• Facilitate enterprise-wide risk assessments, mitigation and ownership in all departments including annual risk assessment workshop. 
• Monitor the key risk indicators for the organisation and propose and implement appropriate recommendations to manage these indicators. 
• Provide timely and quality reports to stakeholders including escalation of risk issues in line with appetite and escalation process. 
• Identify and evaluate risk events that can impact the execution of projects and propose and implement mitigants to address these risks and ensure the successful completion of projects. 

Internal Control and Audit 

• Ensure that the relevant internal audit strategies, standard operating procedures, policies, and manuals are implemented and updated, where required. 
• Plan and implement the Internal Audit programmes in conjunction with Department Heads to ascertain and report on the degree of compliance with Axxela’s approved policies and operating procedures, laws, regulations, and code of good business practices. 
• Develop a risk-based test plan by selecting appropriate audit approach, test procedures and sampling criteria based on professional judgment and departmentally defined internal audit methodology. 
• Propose practical and value adding recommendations to address control weaknesses and/or process inefficiencies identified during internal audits. 
• Support and execute audits independently and efficiently, including audit planning, testing, control evaluation, report drafting, follow-up and verification of issue closure. 
• Coordinate year-end inventory count and periodic fixed asset verification exercises carried out by Finance department and the Internal Audit Analyst/ Officer. 
• Coordinate the execution of special duties/ investigations of any significant breach of the Axxela’s code of business conduct and suspected fraud cases as requested by GCEO or the Board. 

Business Continuity Management 

• Perform in-depth evaluations on key risks within the organisation and assist the business in developing prevention strategies and business continuity plans. 
• Collaborate with the various departments in the organisation to develop, test and update business continuity and disaster recovery plans for all business functions and systems. 
• Conduct regular exercises and simulations to assess the effectiveness of business continuity plans and identify areas for improvement. 
• Coordinate and facilitate training and awareness programs to prepare the organisation for potential disruptions and enhance its response and recovery capabilities. 
• Create and maintain effective communication procedures to ensure timely and accurate dissemination of information before, during and after a disruption or crisis. 
• Monitor and evaluate emerging trends, technologies, and regulatory changes related to business continuity management, and make recommendations for enhancements, as necessary. 
• Provide relevant guidance and support for internal and external stakeholders during a disruption or crisis. 
• Support the response and recovery efforts during disruptions, to minimise the impact on the organisation's operations and reputation. 
• Prepare and present reports and recommendations to senior management on the status of the  organisation’s annual business continuity program. 

Requirements

• Bachelor’s degree in Accounting, Finance, Economics, or a related field, with a minimum of second-class grade.
• Minimum of 5 years’ experience in Risk Management in the Oil and Gas industry, consulting, or an audit firm.  
• Additional qualifications such as ACA/ACCA, CIA or CISA.
• Master’s degree is an added advantage.