Domain: Internal Audit and Financial Advisory (IAFA) – Payment & Fintech
Location: Riyadh – KSA
Relevant Skill set: Strong understanding of Internal Controls, Internal Audit, Risk Assessment, and Audit Planning. Proven experience in conducting internal audits, compliance reviews, policy and procedure development and ad-hoc reviews across diverse business functions. Possesses excellent communication, report writing, and presentation skills, with advanced proficiency in Microsoft Excel and PowerPoint for data analysis and management reporting.
Roles and responsibilities
1. Internal Audit & Risk Advisory
- Plan, execute and deliver risk-based internal audits for clients in the Payments and Fintech industry.
- Develop audit programs, test controls, assess risk management effectiveness and identify control gaps.
- Lead risk assessment exercises to identify key business and operational risks, particularly related to payment processing, digital wallets, and regulatory compliance.
- Prepare and present audit reports highlighting key findings, root causes, and actionable recommendations.
- Assist clients in developing and implementing internal control frameworks in line with regulatory and industry standards (SAMA, ISO 27001, etc.).
2. Compliance & Regulatory Reviews
- Conduct compliance assessments with local regulatory frameworks (e.g., SAMA Payment Services Provider Regulations, Anti-Money Laundering, Data Privacy, and Cybersecurity guidelines).
- Support clients in establishing Compliance Risk Management Frameworks and Monitoring Programs.
- Assist in regulatory readiness and liaison during audits or inspections by SAMA or other authorities.
3. Policy, Procedure, and Process Development
- Draft, review, and enhance policies and procedures for clients in line with best practices and regulatory expectations.
- Support clients in designing process flows, delegation of authority matrices, and control documentation.
- Develop Standard Operating Procedures (SOPs) for key fintech operations including customer onboarding, KYC/AML, settlement, chargebacks, reconciliation, etc.
4. Team & Project Management
- Manage multiple client engagements simultaneously ensuring timely delivery and quality standards.
- Supervise and review work performed by junior consultants and analysts.
- Coordinate with clients management teams and maintain strong working relationships.
- Contribute to internal knowledge management, training, and methodology development.
5. Business Development Support
- Support senior management in preparing proposals, presentations and business pitches.
- Identify opportunities for cross-selling risk, audit, and compliance services.
- Stay abreast of market and regulatory developments impacting the Payments and Fintech industry in KSA and GCC.
Technical & Functional Skills:
- Deep knowledge of SAMA regulations, Fintech regulatory framework and Payment systems guidelines.
- Strong analytical and problem-solving skills with attention to detail.
- Excellent writing and presentation skills.
- Proficiency in MS Office Suite; exposure to audit and data analytics tools
Education:
- Bachelor's degree in accounting, Finance, Business Administration or Risk Management
- Postgraduate qualifications (MBA / master's in finance / risk management) is an advantage.
Professional Certifications (Preferred): CA, CPA, CIA, MBA, ACCA or equivalent professional certifications
Experience:
- 5–8 years of relevant experience in Internal Audit, Risk Advisory, or Compliance within consulting firms or financial institutions.
- Experience working with FinTech's, Payment Service Providers (PSPs), or Financial Services firms regulated by SAMA.
- Strong understanding of risk management, internal control, and compliance frameworks applicable to fintech operations.
