Ability to relocate to the Kingdom of Saudi Arabia (KSA) is a must
Employer Overview:
One of the leading financial services institutions in the Kingdom of Saudi Arabia (KSA), with over 40 years of proven experience in the financial sector. The organization is recognized for its strong market presence, robust governance and risk management practices, and commitment to delivering reliable, customer-focused financial solutions in line with local regulations and international standards. With a long-standing reputation for integrity and excellence, the company continues to invest in people, innovation, and sustainable growth, making it a trusted partner in the Saudi financial market.
Job Summary:
The Internal Auditor is responsible for providing independent and objective assurance and consulting services designed to add value and improve the organization's operations. The role evaluates the effectiveness of internal controls, risk management, and governance processes to ensure compliance, operational efficiency, and financial integrity.
Key Responsibilities:
Audit Planning & Execution
- Participate in developing the annual internal audit plan based on risk assessment.
- Conduct financial, operational, and compliance audits in accordance with approved audit plans.
- Perform walkthroughs to understand business processes and identify control gaps.
- Execute audit programs and testing procedures effectively and efficiently.
- Evaluate the adequacy and effectiveness of internal controls and risk management systems.
Risk Management & Internal Controls
- Identify key business risks and assess the effectiveness of mitigating controls.
- Review and assess compliance with company policies, procedures, and regulatory requirements.
- Evaluate fraud risks and support fraud detection and investigation activities when required.
- Recommend improvements to strengthen internal controls and reduce operational risks.
Reporting & Documentation
- Prepare clear, accurate, and well-structured audit reports highlighting findings, risks, and recommendations.
- Discuss audit findings with auditees and agree on corrective action plans.
- Follow up on audit recommendations and track implementation status.
- Maintain proper audit documentation and working papers in line with professional standards.
Compliance & Governance
- Ensure compliance with applicable laws, regulations, and industry standards.
- Assess the effectiveness of corporate governance practices.
- Support external auditors and regulatory reviews when required.
- Promote a culture of ethics, accountability, and internal control awareness.
Advisory & Value-Added Activities
- Provide advisory support to management on process improvements and control design.
- Participate in special assignments, investigations, or management requests.
- Support continuous improvement initiatives and operational excellence projects.
Minimum Requirements:
- Bachelor's degree in Accounting, Finance, Business Administration, or related field.
- Professional certifications are highly preferred CIA, ACCA, CPA, CISA (any is a strong plus)
- 37 years of relevant experience in internal audit, external audit, or risk management.
- Experience in [Banking / Manufacturing / Services / FMCG / Oil & Gas specify if needed].
- Experience with ERP systems and data analysis tools is a plus.
- Strong knowledge of internal audit standards (IIA).
- Solid understanding of internal controls, risk assessment, and governance frameworks.
- Good knowledge of accounting principles and financial reporting.
- Ability to analyze complex data and identify risks and anomalies.
- Proficiency in MS Excel, Word, and PowerPoint.
- Ability to relocate to the Kingdom of Saudi Arabia
