Risk Base Audit Specialist

leading-edge; Riyadh; On-site; SAR 180,000 - 360,000; Full time

Job summary

leading-edge is seeking a Risk-Based Audit Specialist to identify, assess, and mitigate risks across the organization. The role requires strong knowledge of risk management principles, auditing standards, and internal controls, with excellent analytical, communication, and project management skills.

The successful candidate will contribute to risk-based audit planning, execution, reporting, and follow-up, collaborating with management and external auditors to ensure comprehensive risk coverage.

Qualifications

• Bachelor's degree in Accounting, Finance, Business Administration or related field.
• Minimum 3–5 years of experience in internal auditing or risk management.
• Knowledge of risk management principles, auditing standards and internal controls.
• Professional certifications like CPA, CIA, CISA, or CRMA are preferred.

Responsibilities

• Identify, assess, and prioritize risks across the organization.
• Develop and execute risk-based audit plans ensuring coverage of high-risk areas.
• Conduct risk-based audits including testing internal controls and evaluating mitigation strategies.
• Prepare clear audit reports with actionable recommendations for risk mitigation and improvements.
• Verify implementation of recommendations and assess effectiveness of controls.
• Maintain and update the risk management framework and methodologies.
• Collaborate with management, internal and external auditors to ensure coverage and alignment.
• Stay up-to-date with industry trends and best practices in risk management.

Skills

Risk assessment

Audit planning

Internal controls

Analytical skills

Communication

Project management

Education

Bachelor's degree in Accounting/Finance/Business Admin

Job description

Job Summary:

The Risk-Based Audit Specialist will play a key role in identifying, assessing, and mitigating risks across the organization. This position will require a strong understanding of risk management principles, auditing standards, and internal controls. The successful candidate will have excellent analytical, communication, and project management skills.

Key Responsibilities:

• -Risk Assessment: Identify, assess, and prioritize risks across the organization, including operational, financial, compliance, and strategic risks.
• - Audit Planning: Develop and execute comprehensive audit plans, including risk-based audit procedures, to ensure effective coverage of high-risk areas.
• - Audit Execution: Conduct risk-based audits, including testing internal controls, evaluating risk mitigation strategies, and identifying areas for improvement.
• - Reporting and Recommendations: Prepare clear, concise, and actionable audit reports, including recommendations for risk mitigation and control improvements.
• -Follow-up and Verification: Verify implementation of audit recommendations and assess effectiveness of risk mitigation strategies.
• -Risk Management Framework: Maintain and update the organization's risk management framework, including risk assessment methodologies and risk mitigation strategies.
• -Collaboration and Communication: Collaborate with internal stakeholders, including management, internal audit teams, and external auditors, to ensure effective risk management and audit coverage.
• -Professional Development: Stay up-to-date with industry trends, auditing standards, and risk management best practices, and apply this knowledge to improve audit processes and risk management strategies.

Requirements:

• - Bachelor's degree in Accounting, Finance, Business Administration, or related field; professional certifications like CPA, CIA, CISA, or CRMA are preferred.
• - Minimum 3-5 years of experience in internal auditing, risk management, or a related field.
• -Strong knowledge of risk management principles, auditing standards, and internal controls; excellent analytical, communication, and project management skills.
• -Professional certifications like CPA, CIA, CISA, or CRMA are preferred.