Internal Audit Manager

sifiapp; Riyadh; On-site; SAR 167,400 - 223,200; Full time

Job summary

A B2B Fin-Tech company in Saudi Arabia seeks an Internal Audit Manager to lead internal audit activities, enhance governance, and ensure compliance with regulatory standards. Candidates should have a relevant degree, 3-5 years of experience in audit or risk management, and strong analytical skills. This role calls for effective communication with stakeholders and an understanding of internal control frameworks. Saudi Nationality is required.

Qualifications

• 3-5 years of experience in internal audit, risk management, or compliance.
• Strong understanding of regulatory requirements.
• Professional certifications (e.g., CIA, CPA, CISA) are a plus.

Responsibilities

• Develop and maintain a risk-based internal audit plan.
• Coordinate with external audit firm for comprehensive reviews.
• Prepare and review audit reports summarizing findings.

Skills

Analytical skills

Problem-solving skills

Communication skills

Education

Bachelor’s degree in Finance or related field

Tools

Internal control frameworks

Risk assessment methodologies

Job description

Job Description

About Us: SiFi is a rapidly growing B2B Fin-Tech company transforming expense management for businesses in Saudi Arabia. As a licensed EMI from the Saudi Central Bank, we empower companies with innovative tools to simplify finance management.

Position Summary

The Internal Audit Manager will be instrumental in coordinating and overseeing internal audit activities, leveraging the expertise of a specialized audit firm to strengthen our internal controls and ensure adherence to regulatory requirements. This individual will identify risk areas, recommend process improvements, and monitor remediation efforts to enhance our governance and risk management framework.

Key Responsibilities

• Audit Planning & Coordination
• Develop and maintain a risk-based internal audit plan, ensuring alignment with regulatory standards and industry best practices.
• Collaborate closely with a specialized external audit firm to plan and execute audit assignments, ensuring that all critical business functions, including financial, operational, and compliance areas, are comprehensively reviewed.
• Coordinate the scheduling, scope definition, and resource allocation for each audit engagement.
• Risk Assessment & Control Evaluation
• Work with the external audit firm and internal stakeholders to identify and evaluate key risks across business units (e.g., product, operations, IT security).
• Review and evaluate the adequacy and efficiency of controls, policies, and procedures, recommending enhancements as necessary.
• Monitor management’s remediation efforts and verify the timely and effective resolution of identified audit issues.
• Regulatory Compliance & Reporting
• Stay informed of evolving regulatory requirements and industry guidance relevant to Fin-Tech operations.
• Prepare and review audit reports in conjunction with the external firm, summarizing findings, conclusions, and recommendations for senior management and, when appropriate, the Board or Audit Committee.
• Support interactions with external auditors and regulatory bodies, ensuring a transparent and proactive approach to compliance.
• Stakeholder Engagement & Communication
• Build strong relationships with functional teams (Finance, Operations, Compliance, IT Security) to cultivate a culture of risk awareness and continuous improvement.
• Communicate audit objectives, scope, findings, and recommendations clearly and effectively to internal stakeholders.
• Act as a liaison between the external audit firm and internal departments, ensuring seamless collaboration and knowledge transfer.

Qualifications & Experience

• Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
• 3-5 years of relevant experience in internal audit, risk management, or compliance, preferably within a regulated financial services or fintech environment.
• Strong understanding of internal control frameworks, risk assessment methodologies, and relevant regulatory requirements.
• Excellent analytical, problem-solving, and critical-thinking skills.
• Strong communication and presentation capabilities, able to explain complex information simply and effectively.
• Self-starter, detail-oriented, and able to work independently without direct reports.
• Proven ability to coordinate with external service providers and internal stakeholders in a fast-paced environment.
• Professional certifications (e.g., CIA, CPA, CISA) are big pluses.
• Saudi Nationality ONLY.