Internal Audit Manager Required in Saudi Arabia

The Internal Audit Manager is responsible for overseeing the auditing processes within an organization, ensuring that all financial and operational activities comply with internal policies, regulations, and best practices. This role involves leading a team of auditors to evaluate the effectiveness of internal controls, identify risks, and recommend improvements. The Internal Audit Manager works closely with senior management to provide insights on risk management and to help safeguard the organization’s assets, reputation, and operational efficiency.

Salary	Market Competitive
Experience	5 years
Location	Saudi Arabia
Qualification	Any
Posted	15 September 2024
Job Type	Full Time
Posted by	Habeebi Recruiter
last date to apply	apply within 15 days

Key Responsibilities

1. Audit Planning and Strategy

• Develop and implement an annual internal audit plan that outlines audit objectives, scope, and methodology.
• Identify high-risk areas within the organization and prioritize audits based on risk assessment and strategic business goals.
• Ensure that audit plans align with the organization’s objectives and regulatory requirements, providing strategic insight to the leadership team.

2. Audit Execution and Oversight

• Lead the execution of internal audits, ensuring compliance with auditing standards and internal guidelines.
• Supervise audit team members, assign tasks, and review audit reports to ensure accuracy and thoroughness.
• Perform detailed reviews of financial and operational processes, evaluating their effectiveness and adherence to internal controls.

3. Risk Assessment and Mitigation

• Conduct risk assessments to identify potential financial, operational, or regulatory risks within the organization.
• Recommend strategies to mitigate identified risks, ensuring that management implements corrective actions where necessary.
• Monitor the effectiveness of risk management processes and provide continuous feedback to improve controls.

4. Reporting and Communication

• Prepare and present comprehensive audit reports to senior management and the board, outlining audit findings, risk areas, and recommendations.
• Communicate audit results in a clear and actionable manner, ensuring that key stakeholders understand areas of concern and suggested improvements.
• Follow up on audit recommendations to verify that corrective actions have been implemented and are effective.

5. Compliance and Regulatory Guidance

• Ensure that the organization complies with relevant laws, regulations, and internal policies through regular audits and monitoring.
• Stay updated on changes in regulations and accounting standards to provide timely guidance to management on compliance issues.
• Collaborate with external auditors to provide necessary documentation and support for external audit reviews.

6. Team Leadership and Development

• Manage and mentor a team of auditors, fostering a culture of continuous improvement and professional development.
• Provide training and support to audit team members to enhance their skills and ensure high-quality audit execution.
• Set performance goals, conduct evaluations, and support the career growth of audit team members.

Qualifications and Skills

• Bachelor’s degree in Accounting, Finance, or a related field; a master’s degree or professional certification (such as CPA, CIA) is preferred.
• Extensive experience in internal auditing, risk management, or compliance, with at least 3-5 years in a managerial role.
• Strong knowledge of auditing standards, internal controls, and risk management frameworks.
• Excellent analytical, problem-solving, and communication skills, with the ability to present complex information clearly.
• Leadership skills with experience in managing and developing audit teams.

The Internal Audit Manager plays a pivotal role in ensuring the integrity and efficiency of the organization’s operations and finances. This position requires a strong understanding of risk management, compliance, and internal controls, along with the ability to lead a team and provide strategic recommendations to management.

How to apply:

Send your updated resume to our email or directly reach us at our phone:

Email:  info@irc.sa

Telephone:  +920003023