Internal Audit-Treasury

Riyad Bank; Riyadh; On-site; SAR 250,000 - 360,000; Full time

Job summary

Riyad Bank in Riyadh seeks an experienced Head of Internal Audit to lead day-to-day operations, align audit plans with the bank's annual plan, and strengthen internal controls. The role reports to the Chief Audit Executive and drives timely, accurate reporting and issue resolution.

You will oversee audit teams, review findings, and coordinate with Risk, Legal and Compliance to ensure robust governance and fraud prevention across the organization.

Qualifications

• Bachelor's degree in accounting, business or equivalent.
• MBA or equivalent postgraduate qualification preferred.
• Professional audit certificates such as CIA and CSAA are preferable.
• CPA or equivalent qualification preferred.
• 7 years of banking audit experience, including 4 years in managerial roles within Audit.

Responsibilities

• Lead and supervise Internal Audit unit day-to-day operations to ensure processes comply with policies.
• Formulate Audit plan inputs and integrate with the bank's annual audit plan.
• Monitor Audit programs and support the Audit team to detect and investigate fraudulent activities.
• Review audit reports for completeness, accuracy and value-added recommendations.
• Coordinate with Risk, Legal and Compliance to plan observations and actions.
• Provide independent opinions on compliance with internal policies.

Skills

Leadership

Auditing

Internal Controls

Risk Management

Stakeholder Communication

Education

Bachelors degree in accounting, business or equivalent

MBA or equivalent postgraduate qualification

CIA/CSAA preferable

CPA or equivalent preferred

7 years banking audit experience with 4 years managerial

Job description

To perform day-to-day internal auditing of Riyad Bank internal controls and business practices by providing inputs to and participation in all phases (planning, execution, reporting and closure) of assignments in order to safeguard Riyad Bank internal controls through the implementation of proper internal audit programs. To manage the Internal Audit team in carrying out reviews and audit assignments of the bank's functions in order to identify areas of risk, monitor adherence to Riyad Bank's policies and procedures, detect fraudulent business activities and reinforce internal control measures.

JOB RESPONSIBILITY

• Implements approved departmental policies, processes, procedures, recommends improvements where required and provides instructions to subordinates and monitors their adherence so that work is carried out in a controlled manner

Day- to-day operations

• Assists the Head of Internal Audit Unit in supervising the day-to-day operations of the Internal Audit unit to ensure that work processes are implemented as designed and comply with established policies, processes and procedures
• In conjunction with the Head of Internal Audit Unit, formulate and provide inputs on the development of the Audit plan and ensure its integration with Riyad Bank's overall annual audit plan to assess the level of adherence to the Bank's policies and procedures and identify the risks and the appropriate tools to control them
• Monitors the implementation of the Audit programs and ensures required support to the Audit team to carry out audit exercise in the area of Internal Audit Unit so that violations and fraudulent business activities can be detected, reported and investigated in a timely and effective manner
• Leads the Audit teams in ensuring that all transactions related to Internal Audit Unit are genuine, authorized, and carried out in compliance with Riyad Bank's policies and procedures
• Reviews audit reports drafted by auditors to ensure they are comprehensive and accurate in their key observations and findings, address the main audit concerns and provide value added recommendations for improvements
• Reviews audit results with various business units and in liaison with Risk, Legal and Compliance functions to coordinate and plan the identified audit observations and actions when necessary, reduce risks and vulnerabilities and increase the effectiveness of policies and operational procedures
• Ensures regular coordination with internal and external parties (e.g., concerned BU, Legal, and external auditors) to ensure that the appropriate course of action is taken against any fraudulent activities
• Provides informed and independent opinions to the audited parties, Chief Audit Executive, Head of internal Audit Section and Head of Internal Audit Unit on compliance with internal policies and guidelines

Reporting

• Assists the Head of Internal Audit Unit in the preparation of timely and accurate reports of Riyad Bank to meet company and department requirements, policies and standards
• Assists in expanding the level of awareness inside Riyad Bank through keeping all stakeholders informed about the new legislation, trends and other Audit related issues that might affect the bank's effectiveness, responsibility to stakeholders and vulnerability to risk
• Stimulates subordinates and contributes to the identification of opportunities for continuous improvement of systems, processes and practices considering 'international best practice', improvement of business processes, cost reduction and productivity improvement

Change Management

• Leads and directs the management of change through continuous improvement of department systems, processes and practices considering 'international best practice', changes in international standards and changes in the business environment which demand proactive action plans
• Represents the function and actively contributes in various committees/meetings (internal and external) as applicable and per authority levels in order to ensure relevant matters are dealt with in a timely and efficient manner

People Management

• Ensures all staff have clear objectives, regular performance feedback sessions, formal annual appraisals, and individual development plans, with particular emphasis on the development of talented Saudi national staff
• Ensures and facilitates the employment, training and development of Saudi nationals within the organization

Safety, Quality & Environment

• Ensures compliance to all relevant safety, quality and environmental management policies, procedures and controls across the department in order to guarantee employee safety, legislative compliance and a responsible environmental attitude

Related Assignments

• Performs other related duties or assignments as directed

Minimum Qualifications

• Bachelor's degree in accounting, business or equivalent
• MBA or equivalent post-graduate qualification from an internationally recognized business school preferred
• Professional audit certificate such as CIA and CSAA is preferable
• Fully qualified accounting professional CPA or equivalent preferred
• 7 years relevant experience in banking audit function including at least 4 years in positions of progressively increasing managerial responsibilities in Audit