Internal Audit Director – Riyadh, Saudi Arabia - #16579

Job Overview:
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.