Director of Internal Audit Quality Assurance - KSA National

Michael Page

Saudi Arabia

Posted
Ref: HP350-5233

Job description / Role

Employment: Full Time

Director of Internal Audit Quality Assurance - KSA National

* To evaluate bank operations and provide objective assurance on the effectiveness and efficiency of operations, controls, governance, risk management and report to the Audit Head
* To ensure that the assignment team members are applying the standards of best professional practice of Internal Auditing.

Client Details

Director of Internal Audit Quality Assurance - 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

Description

Director of Internal Audit Quality Assurance - KSA National / Financial Services

* Ensures that QART initiatives are embedded into IA processes, procedures and practices by monitoring of such measures on an ongoing basis.
* Liaise with second line of defence and business functions for implementing a cross dependency matrix.
* Implements approved departmental policies, processes, procedures in a controlled and effective manner.
* Whenever required, periodically updates the Internal Audit Manual based on leading practices in Internal Auditing
* Conducts internal quality assessment including ongoing and periodic reviews of internal audit activities to ensure alignment with the Quality Assurance and Improvement Program guidelines and checklists.
* Conducts internal training for Internal Audit staff on quality issues to ensure that the audit checks and the exercise are conducted in the best quality and efficient manner.
* Conducts periodic review on all internal audit related documents (Internal Audit Charter, Internal Audit Manual, Audit Committee Charter, JDs, etc.) to ensure alignment with SAMA requirements, IIA Standards and best practices.
* Prepare monthly departmental reports to capture the progress, performance and quality in order to verify all the processes that has been implemented through the month.
* Provides management with accurate reports, regarding all aspects of Strategic Planning, along with conclusions and recommendations
* Implements approved departmental policies, processes, procedures and provides instructions to subordinates and monitors their adherence so that work is carried out in a controlled manner.

Job Offer

Director of Internal Audit Quality Assurance - KSA National

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

Requirements

Minimum Qualifications

* University degree in Business Administration with specialization in Banking and Finance or Bachelor's degree in accounting, business or equivalent.

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)

Minimum Experience

* 14+ years of experience in financial services/ Banks focused on internal audit, control frameworks and reporting.

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 34,500

Breakdown available for industries, cities and years of experience