Head of Internal Audit

Confidential; Riyadh; On-site; SAR 300,000 - 540,000; Full time

Job summary

Confidential is seeking a Head of Internal Audit to lead the function across textile manufacturing, sourcing, inventory, sales, and financial operations in the Riyadh region. The role requires strategic leadership, risk management, and ensuring robust internal controls and governance.

Ideal candidates will have 12–18 years in internal audit, 5+ years in leadership, and professional certifications (CA/CIA or MBA Finance).

Qualifications

• Education and professional certifications required: CA/CIA or MBA (Finance).
• Extensive experience in internal audit with leadership background.
• Strong knowledge of risk management and internal controls.
• Experience in textile manufacturing or similar industry is preferred.

Responsibilities

• Develop and lead annual internal audit plan based on risk assessment.
• Mentor and manage the internal audit team.
• Coordinate with Audit Committee and senior management.
• Ensure independence and objectivity of the audit function.
• Audit textile manufacturing operations and production controls.
• Review financial controls and compliance with laws and standards.
• Monitor implementation of audit recommendations and cost optimization.

Skills

Leadership

Risk management

Internal controls

Analytical thinking

Communication

ERP knowledge

Problem-solving

Education

Chartered Accountant (CA) / CIA / MBA (Finance)

Tools

Oracle ERP

Job description

The Head of Internal Audit is responsible for leading the internal audit function to ensure effective risk management, internal controls, governance, and compliance across textile manufacturing, sourcing, inventory, sales, and financial operations.

Key Responsibilities

1. Audit Strategy & Leadership

• Develop and execute the annual internal audit plan based on enterprise risk assessment
• Lead, mentor, and manage the internal audit team
• Coordinate with the Audit Committee and senior management
• Ensure independence and objectivity of the audit function

2. Operational & Process Audits (Textile-Specific)

• Audit manufacturing operations including spinning, weaving, dyeing, processing, and garmenting
• Review efficiency, wastage, yield, shrinkage, and production controls
• Evaluate procurement of raw materials (cotton, yarn, chemicals, accessories)
• Assess inventory management, stock valuation, and physical verification

3. Financial & Compliance Audits

• Review financial controls, accounting practices, and cost structures
• Ensure compliance with applicable laws, regulations, and industry standards
• Monitor statutory compliances (tax, labor laws, environmental regulations)
• Coordinate with external auditors and regulatory bodies
• Identify operational, financial, compliance, and fraud risks
• Evaluate adequacy and effectiveness of internal control systems
• Recommend process improvements and cost optimization measures
• Track implementation of audit recommendations

5. Governance & Ethics

• Promote ethical business practices and corporate governance
• Investigate frauds, irregularities, and policy violations
• Support whistleblower mechanism and investigations

6. Reporting & Communication

• Prepare clear audit reports with findings, risks, and recommendations
• Present audit results to senior management and Audit Committee
• Provide advisory support on new projects, systems, and process changes

Qualifications & Experience

• Education:
• Chartered Accountant (CA) / Certified Internal Auditor (CIA) / MBA (Finance)
• Experience:
• 12–18 years of experience in internal audit, preferably in textile or manufacturing industry
• Minimum 5 years in a leadership or head-level audit role
• Strong knowledge of textile manufacturing processes
• Expertise in risk management and internal controls
• Analytical and problem-solving skills
• Strong leadership and communication abilities
• Knowledge of ERP systems (Oracle preferred)