Head of Internal Audit & Risk

Job Description

One of the investments company in the Kingdom of Saudi Arabia is looking to hire a Head of Internal Audit & Risk to join their growing team. This role will be in charge with promoting and ensuring high standards of control and deliver a well-versed independent view to the Board of Directors and Audit & Risk CommitteeRESPONSIBILITIESManagerial Roles* Involve with the development of the Functions objectives, goals, initiatives, plans, policies and procedures and supervises their execution.* Improve the annual budget, including Financial and Human Capital requirements.* Develop, implement and maintain the Functions policies, processes and proceduresInternal Audit* Formulate Strategic/Operational Audit Plans* Direct the overall performance of internal audit assignments, including planning, development of internal audit programs, identifying and defining issues, reviewing and analyzing evidence.* Improve the Annual Audit Plan and outline the key milestones and deliverables.* Present the outcomes of the Annual Audit Plan to management and the Board of Directors.* Discuss with the Board of Directors the internal audit budget.* Market knowledge, to gain an understanding of their links and impact.* Represent the internal audit office at management and external organization meetings.* Responsible to uphold the Programs standards to the Professional Practice of Internal Auditing and the Code of Ethics developed by The Institute of Internal Auditors.* Investigate reported fraud and theft.* Review related company data (Organization Chart, Strategic plans and Internal Management reports).* Provide the Functions with templates for developing appropriate operational procedures, protocols and controls.* Establish a record keeping policy for results of all internal audit reviews.Risk Management* Classify enterprise risks related to the business, affecting its ability to achieve its mandate and long-term objectives* Responsible with providing an annual audit plan covering all risk areas and conducting a business risk assessment. REQUIREMENTS: Qualifications* Bachelors Degree in Accounting or Finance* A Chartered Accountant, Certified Public Accountant, Certified Internal Auditor or equivalent certification 9-12 years of related experience in finance, accounting or audit* Knowledge of auditing concepts, principles, standards and procedures* Understanding of key business processes and ability to identify opportunities for process improvement and control* High attention to detail

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About Company

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