Head Of Internal Audit

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:


  • 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


  • 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.


  • 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

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