Director of Internal Audit

Job Description

Led by a powerful purpose to simplify and improve lives in the Middle East, North Africa and Pakistan, Careem is pioneering the development of innovative services to aid the mobility of people, the mobility of things and the mobility of money.We are in the driving seat as we help to define how technology will shape progress in some of the fastest-growing countries in the world. Our teams are building tech to meet the needs of the future in areas including data and AI, e-commerce, technology-enabled logistics, maps, identity, and fintech.We?re well placed to solve complex and meaningful challenges at scale, with deep tech expertise, strong regulatory relationships, a local presence, and increasingly specialised global teams which are structured to operate as autonomous start-ups. Our team of over 400 engineers and developers are empowered to develop cutting-edge technology every day.Careem was established in July 2012, became a wholly-owned subsidiary of Uber Technologies, Inc. in January 2020, and today operates in over 100 cities across 12 countries.About the team:The Director of Internal Audit will be responsible for setting up and leading the Internal Audit function at Careem Pay, KSA Hence, they will be responsible for developing and implementing all strategic, managerial and operational aspects of the function. This includes building a strong control culture within the company and establishing Internal Audit as an independent but value-adding one to the business.What youll do

• Develop and refine the Vision and Strategy of the Internal Audit Department.
• Act as a thought leader and proactively inform senior management of significant risks or exposures related to internal controls, compliance, and/or governance requiring prompt attention.
• Design and implement an Internal Audit framework and a best-practice audit methodology.
• Develop the Internal Audit Charter, Policies and Procedures.
• Lead Internal Audit?s annual risk assessment and planning process to develop a risk based annual audit plan that is aligned with the risk profile of the organization.
• Attract, hire, and retain a team of high-performing audit professionals.
• Set the performance objectives and continuously monitor progress and development towards these and towards the strategic objectives.
• Ensure cooperation with external auditors and other relevant stakeholders to facilitate external auditing activities and ensure compliance with statutory requirements.
• Oversee the execution of individual audits defined in the plan ensuring the highest level of service quality and client satisfaction.
• Issue Internal Audit reports that are clear, concise, with practical solutions that ultimately provide value to management.
• Meet regularly with the Audit Committee to report the status of Internal Audit?s ongoing monitoring activities. Educate/inform the committee of emerging risks and/or exposures (whether internal or external to the company) that should be considered.
• Develop and manage a process to track, follow-up, and ultimately close all open audit issues leveraging the Audit Committee, if necessary.
• Ensure that IA is performing its work in accordance with established professional standards and remain abreast of emerging trends and best practices that can be incorporated into the function.
• Coordinate with external auditors.

What youll need:

• 10 or more years of relevant experience with a minimum of 5 years in a leadership position.
• Financial services audit background (fintechs or banking) is a must.
• Previous experience gained in one of the big four firms is a plus
• Critical thinking and problem-solving abilities.
• Excellent communication skills (verbal and written) are a pre-requisite. Must be able to communicate effectively with senior management, the audit committee as well as with external parties including government regulators if required.
• Previous experience in dealing and working with Audit Committees
• Solid experience with data analytic techniques and tools.
• Experience of local banking laws and regulations (including KYC, AML).
• Demonstratable knowledge of the Institute of Internal Auditors? IPPF and standards.
• Knowledge of Risk Management techniques
• Bachelor?s degree in Accounting & Finance or other closely related field.
• And / or Chartered Accountant or Master?s Degree in Business Administration, Accounting or equivalent.
• Certified Internal Auditor Certificate is must,
• Other certificates such as CISA / CFE are a plus.

Where youll be:

• Even though we are working remotely, we are strong believers in collaboration and the power of building social connections with our teams. For that reason, our offices are still open and provide plenty of collaboration-friendly spaces at times when teams need it or if you need a quiet space to work outside of home.
• You?ll be working in the location you?re hired from. Due to legal and compensation considerations, you will need to be based out of the country you?re hired from as your primary work location.

What we?ll provide youIn addition to a competitive long-term total compensation with salary and equity, we have a reward philosophy that expands beyond this.As a Careem colleague you will be able to:

• Be part of a Remote-First organisation
• Work from any country in the world for 60 days a year
• Use Unlimited Vacation days throughout the year
• Access fitness reimbursements for health activities including: gym, health club and training classes.
• Work and learn from great minds
• Create impact in a region with untapped potential
• Explore new opportunities to learn and grow every day

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