Internal Audit Director – Riyadh, Saudi Arabia - #16579
The Internal Audit Director plays a critical role in ensuring the effectiveness of internal controls, risk management processes, and compliance with regulations.
Business Industry: Investment Company
Location: Riyadh, Saudi Arabia
Reporting Channel: Board of Directors
- Develop and implement a risk-based internal audit plan aligned with the investment company’s objectives and regulatory requirements.
- Ensure that audit strategies address key business risks.
- Identify and assess risks related to the investment activities, financial operations, and compliance.
- Collaborate with management to develop strategies for mitigating identified risks.
- Evaluate the adequacy and effectiveness of internal controls related to investment operations.
- Recommend improvements to enhance the efficiency and effectiveness of internal control systems.
- Lead and supervise internal audit engagements, ensuring adherence to audit standards and timelines.
- Review financial data, investment portfolios, and operational processes to identify areas for improvement.
- Prepare comprehensive audit reports summarizing findings, recommendations, and corrective actions.
- Present audit reports to senior management and the audit committee.
- Monitor and ensure compliance with relevant financial regulations, laws, and industry standards.
- Stay informed about changes in regulations impacting the investment industry.
- Maintain effective communication with key stakeholders, including investment managers, finance teams, and regulatory bodies.
- Collaborate with internal departments to address audit findings and implement recommended changes.
- Provide guidance and mentorship to the internal audit team.
- Master’s degree in accounting, finance, or a related field.
- Professional certification is a must; CPA preferred.
- Extensive experience in internal audit within the investment industry, demonstrating a strong understanding of investment processes and risk management.
- Familiarity with Saudi Arabian financial regulations and compliance requirements.
- Excellent communication and interpersonal skills.
- Strong leadership and team management capabilities.
- High self-confidence.
- Ethical integrity.
- Strategic thinking.
- Excellent command of English and Arabic.