1. JOB DETAILS:

Job Title: Lead - Internal Audit (Investment and Portfolio Management)

Reports to: Internal Audit - Senior Manager

Location: Muscat

Division: Internal Audit

Department: Internal Audit

2. JOB PURPOSE:

This role is responsible for independently executing and leading internal audit assignments focused on the organization's investment activities, portfolio companies, and investment-related governance processes, while also supporting the broader Internal Audit plan through audits of corporate, financial, operational and other support functions as required

The role assesses the adequacy and effectiveness of governance, risk management, financial controls, and decision-making across the investment lifecycle, including deal sourcing, due diligence, valuation, approval, execution, portfolio monitoring, performance reporting, and exit activities. The position contributes to the development of the risk-based audit plan, performs reviews in line with IIA standards, and provides professional insights and providing practical, value-adding recommendations to management and the Audit & Risk Committee that strengthen investment governance, safeguard value, improve decision quality, and mitigate financial, operational, regulatory, and reputational risks. The role will also undertake and/or support risk-based audits across corporate and support functions, contributing to the overall delivery of the Internal Audit Plan.

The Lead also ensures effective follow-up on audit actions, coordinates with relevant internal and external stakeholders, and maintains the highest standards of integrity, objectivity, and confidentiality in all audit activities.

3. JOB DIMENSIONS:

Revenues/ Budget:

Direct Reports: 0

Indirect Reports: 0

4. KEY ACCOUNTABILITIES:

Strategic & Planning:

Develop and maintain a risk-based Internal Audit coverage strategy for investments and asset management, aligned with the Company s investment strategy, portfolio objectives, risk profile and Internal Audit mandate.

Maintain an up-to-date understanding of the investment portfolio, including subsidiaries, associates, strategic investments, distressed assets and investments undergoing turnaround or restructuring

Identify significant and emerging investment risks requiring Internal Audit attention

Recommend appropriate audit coverage, frequency and depth based on risk, materiality, complexity and strategic importance.

Lead the investment and asset management component of the risk-based Annual Internal Audit Plan

Contribute to the overall development of the Internal Audit Plan by assessing risks across corporate and support functions

Support the Head of Internal Audit in ensuring appropriate coverage of the Company's key risks without unnecessary duplication with other assurance providers

Perform periodic risk assessments of investment and asset management activities and relevant portfolio companies.

Provide timely insights to the Head of Internal Audit and Audit & Risk Committee on significant investment and asset management risks

Identify opportunities to improve portfolio oversight, governance, performance monitoring, risk management and value preservation.

Participate, where appropriate and without compromising Internal Audit independence, in advisory reviews relating to significant investment or asset-management initiatives.

Functional Responsibilities:

Lead and independently execute end-to-end audits covering investment and asset management activities , including investment governance and & decision making, , investment appraisal & due diligence, portfolio asset management, investment valuation & performance, divestments & exits and post-investment reviews..

Act as the Internal Audit subject-matter lead for investments and asset management

Provide coaching and technical support to other Internal Audit team members on investment-related assignments

Assess the reliability of investment papers, financial models, valuation assumptions, portfolio performance reports, and management information used for decision-making.

Review the design and operating effectiveness of controls over investment transactions, documentation, conflicts of interest, related-party matters, and post-investment monitoring.

Perform risk assessment, data analysis, process walkthroughs, sample testing, and control testing, and maintain clear, well-documented working papers in accordance with the Internal Audit Charter, approved methodology and applicable IIA Standards.

6. QUALIFICATIONS, EXPERIENCE & SKILLS:

Qualifications:

Bachelor's degree in Accounting, Finance, Investment, Economics, Business Administration, or a related field.

CIA, ACCA, CPA, CFA, or an equivalent professional qualification is preferred.

Experience:

Minimum 5 years' relevant experience in internal audit, investment audit, external audit, investment management, private equity, or portfolio oversight.

Experience in a Big 4 audit firm, investment management company, sovereign wealth fund, private equity firm, or holding company is valuable.

Experience involving distressed assets, turnaround plans, restructuring, divestment or post-investment reviews would be an advantage.

Experience in auditing corporate and support functions is desirable.

Practical exposure to investment valuation, financial modelling, due diligence, transaction governance, and portfolio performance reporting is preferred.

Technical Competencies Leadership/Behavioral Competencies

IIA Standards and Internal Audit Methodology