Head of Internal Audit Riyadh, Saudi Arabia

Job Overview:The Head of Internal Audit plays a critical role in ensuring the effectiveness of internal controls, risk management processes, and compliance with regulations.Business Industry:

Event ProductionLocation:

Riyadh, Saudi ArabiaReporting Channel:

Audit Committee (Board of Directors)Main Duties and Responsibilities:• 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.Requirements and Qualifications:• 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.

#J-18808-Ljbffr