Head of Internal Audits

SAUDI NATIONALS ONLY

• Years of experience
  Minimum of 10 years of relevant experience with at least 5 years of experience in a managerial role


• Experience of working in Tadawul Listed Business

ROLE PURPOSE

To plan and direct all activities concerned with the auditing and compliance of (client) to internal and external policies, procedures, and regulations. To lead on internal control arrangements and play a key role in promoting good corporate governance across the organisation. To advise(client) Board of Directors and Executive Management on the outcomes of internal audits and make recommendations on any necessary actions arising

ROLES &RESPONSIBILITIES
Strategic
1. Ensure alignment of the Internal Audit sections strategy and plans in shaping and implementing(client) overall strategy
2. Lead the development and implementation of the Internal Audit strategy and plan for the company
3. Provide the annual audit opinion on the adequacy and effectiveness of(client) controls arrangements / environment
4. Lead the development and implementation of Internal Audit policies, procedures, and processes
5. Monitor performance of the Internal Audit section against KPIs and objectives on a regular basis.
6. Develop and monitor the annual Internal Audit sections budget in alignment with the overall Strategic Relations and Internal Controls budget and with the Finance function
Operational
1. Based on the annual Internal Audit plan, schedule internal audit assignments and divide tasks amongst the team members to ensure that that deadlines are met
2. Review audit reports prepared by the team members, ensure they are prepared in a timely and satisfactory manner and provide recommendations before presenting them to the Internal Audit Committee
3. Report audit findings to the Internal Audit Committee in order to evaluate the effectiveness of the controls across(client) and make recommendations to the Committee relating to any required improvements
4. Monitor compliance with applicable laws, regulations, policies, procedures and Standards of Business Conduct
5. Support the investigation of fraud or other financial misconduct and other types of serious operational misconduct
6. Ensure that Internal Audit adheres to local and international audit best practices and policies and keeps abreast changes in order to introduce them into(client)
7. Act as the primary liaison with the external auditors including the government audit inspections
8. Lead in establishing audit controls and procedures to monitor operational effectiveness and compliance to internal and external policies and regulations
9. Ensure that current audit programmes and policies are effectively implemented and that audit activities encompass all key core and non-core functions of(client)
10. Provide effective leadership, advice, and counsel to the Board of Directors and Executive Management on Internal Audit matters
11. Liaise with all Executive Leadership to identify(client) needs, to anticipate issues, and to create forecasts and planning options for the(client) Internal Audit programmes
12. Promote awareness and understanding of compliance issues, applicable laws and regulations, reporting requirements, and consequences of non-compliance
13. Review complaints, concerns, or questions relating to governance and compliance issues in(client) and Departments and provide guidance and support to resolve as appropriate
People Management
14. Provide professional development support/coaching and perform periodic performance reviews for direct subordinates based on(client) Performance Management System
15. Develop and implement workforce plans and succession plans for key positions in the Internal Audit section
16. Recommend training needs for subordinates and evaluate the outcomes of training courses

QUALIFICATIONS
Minimum Education Required
• Minimum of a Bachelor's degree in a relevant field is required e.g. Finance, Accounting, Business Administration or Technology
• MBA or Master's in a relevant field is desirable
Professional Certifications Required
• Minimum of one internationally recognized Internal Audit certification (e.g. Certified Internal Audit certification (CIA), Chartered Public Accountant (CPA) or Chartered Member of Institute of Internal Auditors (CMIIA))

LANGUAGE:

Fluent English and Arabic