Head of Internal Audit

Job description / Role

- To provide assurances to shareholders and CEO on the adequacy and effectiveness of the governance program, and assist management in identifying and assessing risks to increase the likelihood that objectives will be achieved and opportunities will be maximised.
- To oversee the compliance program to ensure regulatory requirements are properly implemented.
- Develops the broad functional strategy and ensures that the vision, mission and strategy are cascaded down to the departments to ensure vertical alignment and horizontal integration of all functional strategies across ASAL.
- Directs the development and oversees the implementation of Audit and Compliance functional policies, systems, processes, procedures and controls covering all areas of Audit and Compliance functions so that all relevant procedural/legislative requirements are fulfilled.
- Oversees the day-to-day operations of the Audit & Compliance department providing guidance, encouraging teamwork and facilitating related professional work processes in order to achieve high performance standards.
- Plans and organizes the activities of Internal Audit including preparing an annual audit plan based on Risk Based Internal Audit (RBIA) principles, and schedules and assigns work to meet completion dates.
- Ensures preparing timely and complete reports to the CEO, highlighting areas of concern and proposing remedial steps where appropriate, and proposing urgent action when needed.
- Maintains and updates the audit program/checklist to ensure key controls are properly tested.
- Promotes risk management principles within the organisation to ensure key risks identified and treated.
- Confer, advice, initiate, and coordinate with other departments about policies and procedures to ensure internal controls are strengthen within the organisation.
- Assures follow up of audit findings to ensure adequacy and timeliness of correction.
- Reviews compliance with applicable regulatory guidelines issued by Saudi Arabian Monetary Agency (SAMA) and other regulatory bodies to ensure all regulatory requirements are implemented.
- Participates in projects that are related regulatory compliance to ensure all regulatory requirements are properly implemented.
- Monitors key operational risk events and assists management in lowering operational risks.
- Monitors the performance of the compliance program and related activities on a continuing basis, taking appropriate steps to improve its effectiveness.
- Ensures responding to suspected violations of rules, regulations, policies, procedures and standards of conduct by evaluating or recommending the initiation of investigative procedure as well as developing and overseeing a system for handling such violations.

Requirements

A strong professional Finance or Accounting qualification like CMA, CFM or MBA Finance, a Certified Internal Auditor is highly preferable.

A minimum 9 years of experience with 5 years in internal audit or compliance – including 4 years at least in a senior / managerial role.

About the Company

Saudi Networkers Services, incorporated in 2001 with an aim to provide the world class business and consulting services through a combination of market insight, technical excellence and unrivalled agile methodology.

Our success stems from building strong relationships and trusted partners, which enabled us delivering exceptional services to public sector, as well as some world's leading organizations, in Telecommunication, Information Technology, Cyber Security, Banking, Energy, Utilities and various other industry arenas.

We collaborate closely, ideate that how the work gets done, while working alongside businesses to collaborate on growth and applying breakthrough innovations, that drive exponential impact, managed by teams specialized in their assigned industry sectors.