Head of Internal Audit

Job Description

Kindly note: Regulations are required to hire a Saudi for this role.A Finance Company in Dammam regulated By SAMA is looking for a (Saudi) Internal Audit Head able to practice the following:Prepare a quarterly written report on the internal audit departments work, including the scope of the audit, its findings and recommendations, the actions each department took regarding the results and recommendations of the previous audits, and any observations in their regard.Prepare an annual written report, submit it to the Audit Committee regarding the yearly audits conducted, and compare them with the approved audit plan.Follow up on the commitment of all departments to the internal audit or the Saudi Central Bank observations and recommendations in a timely and complete manner.Prepare a quarterly report updating the Saudi Central Bank on the status of the observations and recommendations from their visits with the Companys action plans and target dates.Develop a flexible audit plan using an appropriate risk-based methodology, including any risks or internal control concerns identified by Management with coverage of all significant and high-risk areas, and submit the plan to the Audit Committee for review and approval.Review, appraise, and evaluate the soundness, adequacy, and effectiveness of accounting, financial, and operational internal controls to ensure that the Companys funds and assets are accounted for and safeguarded from losses.Review the accuracy and reliability of accounting records, financial reports, and management information systems, including electronic ones.Implement the audit plan, conduct an audit of transactions per formulated audit programs, and issue audit reports to the Audit Committee containing an executive Summary detailed audit report including observations, comments, and recommendations along with the auditee action plans of correction and target dates.Recommend appropriate measures for preventing fraud and eliminating conditions inducing fraudulent actions.Undertake special investigations/assignments regarding allegations of financial irregularity, fraud, and corruption that are promptly and fully investigated.Effectively manage internal audit department budgets and other allocated resources.Liaison with external auditors so that external and internal audit functions could be carried out efficiently and effectively with minimum duplication of efforts.Participate in meetings of the Management involving consideration of policies, procedures formulation matters, and other allied matters relating to the organizations overall operations.Perform audit procedures, including identifying and defining issues, developing criteria, reviewing and analyzing evidence, and documenting the auditees processes and procedures.Conduct interviews, review, document, conduct walk-through tests, develop and administer surveys, and compose summary memos and working papers.Identify, develop, and document audit issues and recommendations using independent judgment concerning audited areas.Perform other tasks as required and as assigned by the Audit Committee.Kindly send your CV to[Confidential Information]

Keyskills :
Internal Audit Policies Accounting audit committee Financial Procedures Fraud Investigations recommendations Audit Reports Surveys Operational Budgets

About Company

Established in the region for 40 years, PwC has around 8,000 people in 12 countries across the region: Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Oman, the Palestinian territories, Qatar, Saudi Arabia and the United Arab Emirates. Our regional team operates across the Middle East bringing international experience delivered within the context of the region and its culture. We can bring the collective knowledge and experience of more than 328,000 people across the entire global PwC network in advisory, assurance and tax to help you find the value you are looking for.