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Audit Director Corporate and SME Banking - KSA National

Michael Page

Saudi Arabia

Ref: HP350-5219

Job description / Role

Employment: Full Time

Audit Director Corporate and SME Banking - KSA National

To evaluate bank Corporate & SME Banking Audits operations and provide objective assurance on the effectiveness and efficiency of operations, controls, governance, risk management and report accordingly to the AGM Banking Audits.

Client Details

Audit Director Corporate and SME Banking - KSA National / Financial Services / Riyadh

My client is one of the largest banks in the world with total assets of SR 384 billion (US$ 102 billion), a paid up capital of SR 25 billion (US$ 6.67 billion) and an employee base of over 9,600+ associates. With over 60 years of experience in banking and trading activities they have established a well known name for themselves and strive to the deliver the best services for their customers.

With an established base in Riyadh, Saudi Arabia, my client has a vast network of over 546 branches, over 142 dedicated ladies branches, more than 5,190 ATM's, 106,080 POS terminals installed with merchants and the largest customer base of any bank in the Kingdom, in addition to 232 remittance centers across the Kingdom.

• Support AGM Banking Audits in providing objective assurance to key stakeholders (BOD, BACC, SAMA, CEO).
• Support AGM Banking Audits to coordinate and liaise with external auditors, SAMA examiners etc. to ensure smooth progress of audits, implementation of professional audit standards and resolving outstanding audit queries.
• Support AGM Banking Audits in the development of comprehensive risk-based annual and strategic audit plan (including risk assessment)
• Execution/implementation of approved annual audit plan by the end of December each year
• Providing AGM Banking Audits an informative, transparent and adding value audit reports
• Submitting audit issues status report to AGM Banking Audits once every 2 months (within 3 weeks subsequent to due date)
• Upon AGM direction, carrying out all ad-hoc assignments requested by CIA within the expected quality and tolerance period
• Maintains knowledge of key current and emerging risks within the Bank and the industry broadly to support an effective internal audit plan to address key company risk areas (e.g. financial reporting risks, internal control risks, commercial operational risks, etc.).
• Follow-up/tracking reported issues and carryout validation of action taken on due dates and ensure timely and proper implementation of controls to mitigate risks identified.
• Managing audit team and ensure that audit teams are fully oriented to the risk based audit approach and that professional manner and timelines are met and providing regular oversight and support and prioritizing issues based on relevance, significance and impact to the Bank
• Update and maintain strategic audit plan for 3 years along with historical progress and coverage for 3 years annually within January

Job Offer:
Audit Director Corporate and SME Banking - KSA National

An exciting opportunity offering a competitive package for the right candidate to make their next career move.


Audit Director Corporate and SME Banking - KSA National / Financial Services / Riyadh

Minimum Qualifications:
• University degree or Master in Business Administration/Accounting

Professional accreditation are preferred such as:
• CISA (Certified Information System Auditor), CISM (Certified Information Security Manager), CGEIT (Certified in the Governance of Enterprise IT), CRISC (Certified in Risk and Information Systems Control), CIA (Certified Internal Auditor), SOCPA (Saudi Organization for Certified Public Accountants), CPA (Certified Public Accountants), CA (Certified Accountant), CFE (Certified Fraud Examiner). CA (Certified Accountant), CFE (Certified Fraud Examiner).

Minimum Experience:
• 14+ years (at least 8 years internal or external audit experience at a bank or a recognized organization / audit firm

Job-Specific Skills:
• Strong leadership and interpersonal skills
• Excellent presentation and data analysis skills
• Excellent communication and presentation skills (verbal and written) in Arabic and English
• Strong report writing skills
• Accuracy and reliability of work
• Excellent multi-task experience
• Strong team management skills
• Strong project management skills

About the Company

Michael Page is one of the world’s leading professional recruitment consultancies, specializing in the placement of candidates in permanent, contract, temporary and interim positions with clients around the world.

The Group has operations in the UK, Continental Europe, Asia-Pacific and the Americas. In the Middle East we focus on the areas of:

Finance & Accounting Banking & Financial Services Procurement Property & Construction Engineering & Supply Chain Oil & Gas Technical and Engineering Human Resources Sales Marketing Technology Secretarial Executive Search Legal

The Group operates through 161 offices in 33 countries and employs over 5,000 employees worldwide.

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Director salaries in Saudi Arabia

Average monthly compensation
SAR 38,000

Breakdown available for industries, cities and years of experience