Internal Auditor

Arab Invest; Riyadh; On-site; SAR 120,000 - 210,000; Full time

Job summary

Arab Invest invites a seasoned Internal Auditor to execute the annual audit plan, analyze data, and prepare reports to ensure compliance with regulations, policies, and procedures. The role reports to the Head of Internal Auditor and requires strong risk assessment and communication with management.

The candidate should hold a Bachelor's degree in Finance or related field, be CPA/CA/CIA certified, and possess at least five years of internal audit experience within the investment sector, with

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration or a related field.
• CPA, CA or CIA certification.
• 5+ years of experience in internal auditing & Investment Industry.
• Knowledge of IIA IPPF/Standards, COSO, basic COBIT and KSA regulatory context.

Responsibilities

• Conduct periodic audits aligned with the annual audit plan and ad-hoc audit requests to assess compliance with regulations and policies.
• Lead end-to-end Internal Audit Assignments (planning – execution – reporting and follow ups).
• Develop risk and control matrices (RCMs), process maps, and test programs aligned to COSO and IPPF standards.

Skills

Audit planning

Data analysis

Regulatory compliance

Risk assessment

Education

Bachelor's degree in Finance, Accounting, Business Administration or related field

Job description

Arab Invest is a Pan-Arab joint-stock company established in July 1974 and owned by governments of 16 Arab states with an authorized capital of US$ 1,200 Million and a paid-up capital of US$ 917 million.

About the Role

To execute the annual audit plan by performing the allocated audits, analysing data and preparing audit reports to ensure compliance with regulations, policies, and procedures.

Internal Auditor reports to the Head of Internal Auditor

Responsibilities

• Conduct periodic audits in alignment with the annual audit plan and ad-hoc audit requests to assess the organisation's compliance with regulations and policies
• Lead end to end Internal Audit Assignments (planning – execution – reporting and follow ups )
• Develop risk and control matrices (RCMs), process maps, and test programs aligned to COSO and IPPF standards (where applicable)
• Conduct special reviews (investigations, ad-hoc management requests, due diligence support) as needed.
• Evaluate internal controls and processes to identify weaknesses, risks, and inefficiencies
• Review financial transactions to assess the reliability, integrity and accuracy of financial and operational information and ensure alignment with company policies
• Perform data-driven testing (analytical procedures, sampling, and basic data analytics).
• Identify and report on any deviations from established policies, procedures, and regulations to enable management to take corrective actions and maintain compliance
• Review records pertaining to assets to determine degree to which they are utilised
• Prepare detailed audit reports with findings, implications, and recommendations for improvement and present the same to the management team
• Monitor the implementation of audit recommendations and conduct follow-ups to ensure corrective actions have been taken
• Facilitate external audits and manage internal and external stakeholder relationships during the audit process
• Keep abreast with internal policies and processes, industry best practices, standards, and regulations

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration or a related field
• Certified CPA, CA or CIA
• A minimum of 5 years of experience in internal auditing & Investment Industry.
• Working knowledge of IIA IPPF/Standards, COSO, basic COBIT, and KSA regulatory context (e.g., Investment Funds/Listed Companies rules; SAMA related Rules & Regulations).