This role requires the candidate to permanently relocate to Dhahran, Saudi Arabia.
About the Company This company engages in the exploration, production, transportation, and sale of crude oil and natural gas. It operates through the following segments: Upstream, Downstream, and Corporate.
The Upstream segment includes crude oil, natural gas, and natural gas liquids exploration, field development, and production. The Downstream segment focuses on refining, logistics, power generation, and the marketing of crude oil, petroleum, and petrochemical products, and related services to international and domestic customers. The Corporate segment offers supporting services including human resources, finance, and information technology.
The company was founded on May 29, 1933, and is headquartered in Dhahran, Saudi Arabia.
Job Summary A Finance IT-Controls Assurance Analyst Candidate with Internal Controls & Sarbanes-Oxley Compliance (SOX) knowledge and IT auditing experience is to join the Controller's Organization within the Finance, Strategy & Development service line in this company. The Controller's Organization acts as the primary representative for financial and income tax reporting to management by producing the company's consolidated financial statements, subsidiaries' financial statements, and other management reports. The Controller's Organization actively seeks compliance of all organizations regarding controls over financial reporting and generally achieving good corporate governance throughout the company.
Responsibilities Implement internal controls over financial reporting (ICFR) standards, including COSO internal control framework and Sarbanes-Oxley regulations for compliance.
Plan, develop, and coordinate execution of all phases of SOX compliance.
Perform walkthroughs to identify and validate key controls, including entity-level, IT general, and automated process level controls.
Develop test procedures, coordinate testing execution, and report results to Management.
Develop and update key controls documentation, including process flowcharts, process narratives, risk and controls matrices, and assess the impact of new systems or major process changes on the internal control system.
Provide advice on handling control deficiencies and related remediation plans.
Evaluate and analyze data related to information systems functions for SOX compliance.
Understand, document, and test complex business and IT processes.
Utilize risk management standards to conduct annual risk assessments and scoping activities for SOX program.
Introduce appropriate automation to streamline management and reporting related to SOX program.
Contribute to training and development of content and resources for knowledge sharing related to SOX program.
Participate in and contribute to other ad-hoc projects as needed.
Assist in responding to internal and external audit recommendations, implement corrective actions, and prepare monthly and quarterly reports for management reporting.
Stay updated with the latest SEC regulations, PCAOB pronouncements, and other SOX-related updates.
Requirements This role requires the candidate to permanently relocate to Dhahran, Saudi Arabia.
Bachelor's degree in Computer Science or equivalent field is preferred. Professional certifications such as CISA, CRISC, CISSP, CIA, or accounting-related qualifications are highly desirable. Continuing professional education, including membership in a professional association, is required. Relevant industry experience of 8+ years, including public accounting practice, recent SOX compliance experience in a publicly listed company, and/or SOX consulting experience in a Big 4 advisory firm, is preferred. Knowledge of auditing principles and standards, audit follow-ups, PCAOB's standards such as AS5 (ICFR), and Internal Controls frameworks (e.g., COSO) is desirable. Intimate knowledge of SAP systems, controls, and related cybersecurity processes, including automated systems controls supporting business processes in SAP, is required. Ability to conduct IT risk assessment and scoping, detailed IT process and control design walkthroughs, and meticulous testing of controls from a SOX standard is necessary. Capability to prepare preliminary findings, analyze alternative approaches, and demonstrate the ability to make presentations or lead meetings, including at the executive level, is required. Proficiency in both oral and written English is necessary. Experience with SAP or equivalent ERP systems is highly desirable.
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