Job Purpose/Overview:

The Head of Internal Audit is responsible for planning, executing, and reporting on operational, financial, regulatory, and compliance-related audits/reviews of Saudi Enaya.

A secondary role is to provide advice on internal control to SE Direct management, including responding to questions on risk management techniques.

Roles & Responsibilities:

• Plans financial, regulatory, compliance, or operational reviews/audits.
• Coordinates work with Risk, Legal & Compliance, and other control-related activities and with others within Internal Audit.
• Conducts risk assessments and identifies controls in place to mitigate identified risks.
• Performs audit procedures to verify controls operating through testing and interviewing techniques.
• Analyses and concludes on effectiveness and efficiency of the control environment.
• Identifies control gaps and opportunities for improvement.
• Documents the results of audit work in accordance with the audit department and the Institute of Internal Auditors (IIA) standards.
• Prepares timely audit reports for executive management, the Audit Committee, and the Board of Directors.
• Acts as primary client liaison within Internal Audit for one or more VPs / division heads.
• Assess, evaluate and promote compliance to internal SE Direct policies.
• Contributes, as appropriate, to the year-end financial audit with the external auditor.
• Provides advice on internal control and participates in enhancing internal audit standards and practices within SE Direct.
• Researches new or technical subjects when required to support audits (e.g., Basel III, OSFI Guidelines, market risk, financial instruments, etc.)
• Provide feedback on the performance of Internal Auditors and audit assignments, as applicable.

Qualification / Capabilities:

Education:

• University degree in accountancy, business administration, or any other related discipline.
• Certified Internal Auditor (CIA) designation is preferred
• CA/CMA/CGA designation, or senior-level status, is highly desirable

Experience:

• Excellent knowledge of banking/financial business operations and risk-based auditing attained through 3 to 5 years of progressive work experience with a focus on financial risk and regulatory requirements.
•  Excellent understanding of the standards of the Institute of Internal Auditors (IIA) and ability to fully comply with IIA standards.
• Any equivalent combination of education and experience is determined to be acceptable.

Skills/Attributes:

• Management and supervisory skills
• ability to install and administer computer hardware, software, and networks
• team-building skills
• analytical and problem-solving skills
• decision-making skills