Senior Manager - Internal Audit (Capital Projects)

Red Sea Global; Riyadh; On-site; SAR 300,000 - 520,000; Full time

Job summary

Red Sea Global is seeking an experienced Head of Internal Audit to oversee delivery across the IA Assurance Department in Saudi Arabia. You will manage audit portfolios, direct engagement teams, and ensure compliance with GIAS and internal standards.

You will lead planning, execution, and reporting on engagements, review work papers, and interact with senior management to drive governance, risk management, and controls across the group.

Qualifications

• Bachelor’s degree in Accounting, Finance, Business Admin, IS, or Engineering.
• +10 years of internal audit/assurance experience.
• CIA preferred; CPA/ACCA/CISA/CRMA/CMA/PMP advantageous.

Responsibilities

• Lead planning, execution, and reporting of internal audit engagements.
• Develop and approve Planning Memorandums, risk assessments, and engagement timelines.
• Direct audit teams and ensure timely, high-quality delivery.
• Present audit results to management and stakeholders.

Skills

Governance

Risk management

Internal controls

Auditing standards

English communication

Education

Bachelor's degree (Accounting/Finance/BA/IS/Engineering)

Job description

Be the change. Join the world’s most visionary developer.

Red Sea Global (RSG) is showing that there is a better way to positively shape the places we live, work and travel.

We are purpose-driven and committed to people and planet. Our transformative programs are a driving force to achieving Vision 2030, as well as leading the world towards regenerative tourism.

Join RSG and be part of the positive change for Saudi Arabia and the world.

Job Purpose:

Lead and oversee the delivery of internal audit engagements across the assigned IA Assurance Department by managing audit portfolios, directing engagement teams, ensuring compliance with Internal Audit methodology and professional standards, and maintaining effective stakeholder relationships.

The role acts as an engagement Lead responsible for planning, executing, supervising, and reporting on audit engagements while supporting the management in achieving departmental objectives. This role contributes to strengthening governance, risk management, and internal control practices across the Group through the delivery of high-quality assurance services.

Job Responsibilities:

Internal Audit Engagement Delivery

• Lead the planning, execution, and reporting of internal audit engagements in accordance with the approved audit plan, Internal Audit methodology, and professional standards.
• Develop and approve Audit Planning Memorandums (APMs), risk assessments, audit programs, resource requirements, and engagement timelines.
• Direct audit teams during fieldwork and ensure audit activities are delivered efficiently, effectively, and within agreed timelines.
• Review and challenge audit procedures, testing results, observations, root cause analyses, and supporting evidence.
• Ensure audit observations are appropriately supported, risk‑rated, and aligned with the organization's risk appetite and Internal Audit methodology.
• Prepare and present audit results to management and relevant stakeholders.

Review and Quality

• Perform engagement‑level quality reviews of audit working papers, risk assessments, testing documentation, and draft reports.
• Ensure audit engagements comply with the Global Internal Audit Standards (GIAS), Internal Audit methodology, and Quality Assurance requirements.
• Promote consistency, accuracy, and high‑quality documentation across audit engagements.
• Support Internal Audit Quality Assurance and continuous improvement initiatives.

Stakeholder Interaction

• Build and maintain strong working relationships with senior management and key stakeholders across the group.
• Lead opening, status update, validation, and closing meetings for assigned engagements.
• Facilitate constructive discussions with management regarding audit observations, root causes, recommendations, and action plans.
• Escalate significant risks, control weaknesses, or stakeholder concerns to the management when necessary.

Follow-up and Management Action Plans (MAP)

• Oversee the follow‑up of Management Action Plans arising from audit engagements within the assigned portfolio.
• Review evidence provided by Management to assess implementation status and closure readiness.
• Challenge overdue, insufficient, or ineffective remediation efforts and elevate concerns as appropriate.
• Support the preparation of periodic MAP status reporting for Executive Management and the Audit Committee.

Coaching and Team Support

• Supervise, coach, and develop Managers, Assistant Managers, and audit team members.
• Provide technical guidance on audit methodology, risk assessment, internal controls, documentation standards, and reporting.
• Contribute to performance management, capability development, and succession planning activities.
• Foster a culture of accountability, collaboration, quality, and continuous learning.

Audit Planning and Portfolio Management

• Support the management in the development and execution of the annual risk‑based audit plan.
• Monitor audit progress, resource utilization, budget considerations, and engagement performance.
• Identify emerging risks, themes, and trends that may require additional audit coverage. ?
• Support departmental reporting, planning, and strategic initiatives.
• Support initiatives relating to audit innovation, data analytics, automation, and emerging audit practices.
• Contribute to the enhancement of Internal Audit methodologies, templates, tools, and reporting practices.
• Share lessons learned and best practices across the Internal Audit Division.
• Promote the adoption of technology‑enabled auditing approaches where appropriate.

Job Requirements:

Qualifications & Experience:

• Bachelor’s degree in Accounting, Finance, Business Administration, Information Systems, Engineering, or a related discipline.
• +10 years of relevant experience in internal audit, assurance, risk management, compliance, governance, or a related field.
• Professional certification required (CIA preferred) with additional certifications such as CPA, ACCA, CISA, CRMA, CMA, PMP, or equivalent considered advantageous.

Skills:

• Strong understanding of governance, risk management, internal controls, and internal auditing standards.
• Demonstrated experience leading complex audit engagements and supervising audit teams.
• Experience interacting with senior management and executive stakeholders.
• Strong analytical, problem‑solving, and decision‑making skills.
• Strong written and verbal communication skills in English.
• Experience with audit management systems, data analytics, and technology‑enabled auditing techniques.
• Ability to manage multiple engagements and stakeholders simultaneously.

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