Internal Audit Director
5 days ago
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Our client, a dynamic AI software company operating in a fast-evolving technological landscape, is looking for an Internal Audit Director who will lead and manage the audit function. This position will provide strategic oversight of internal controls, risk management, governance processes, and compliance frameworks aligned with both local Saudi laws and international standards, while maintaining operational efficiency. This role will refer to the COSO framework to assess internal controls while adhering to the IIA framework to ensure audit quality.
The ideal candidate will possess strong experience in audit, risk, and compliance within a high-tech or software-driven organization, ideally with exposure to AI or software development life cycles.
Key ResponsibilitiesStrategic Audit Leadership
- Develop and execute the audit strategy and annual audit plan, aligned with the organization's goals and objectives.
- Provide assurance to the Audit Committee and Executive Leadership on the effectiveness of internal controls, risk management, and governance frameworks.
- Drive a culture of accountability, transparency, and continuous improvement across business units.
Internal Audit Function
- Lead a high-performing internal audit team, providing mentorship and training.
- Provide senior leadership with strategic insights on key business risks, the latest regulatory developments from authorities such as the Saudi Arabian Monetary Authority (SAMA) and the Saudi Organization for Certified Public Accountants (SOCPA), and significant industry trends.
- Evaluate the effectiveness of financial controls, accounting standards, operational processes, and compliance with relevant laws and regulations.
- Prepare and present detailed audit reports and actionable recommendations to the Audit Committee and senior management.
- Conduct and oversee audits in areas such as financial reporting, operational efficiency, IT systems, and regulatory compliance.
- Ensure audits are conducted in compliance with international auditing standards, including the IIA's (Institute of Internal Auditors) framework, while considering the local business context.
- Ensure full compliance with local regulations, including the Saudi Arabian Corporate Governance Code and other relevant industry-specific requirements.
Governance & Stakeholder Engagement
- Act as a trusted advisor to the Board, Senior Leadership Team, and Audit Committee on audit, risk, and governance matters.
- Facilitate external audits and maintain relationships with external auditors, legal teams, regulators, and industry bodies.
- Promote ethical business practices and support the development of policies to mitigate conflicts of interest or non-compliance.
Technology & Innovation
- Leverage data analytics and automated tools to enhance audit processes and continuously evaluate and enhance the internal audit methodology, tools, and approaches in line with evolving business needs and regulatory changes.
- Monitor technological advancements in AI and audit to ensure the organization remains at the forefront of industry practices.
Requirements:
- Minimum Bachelor's degree, preferably a Master's with relevant professional qualification(s) such as CA/CPA, CIA, CISA, CISSP, ACFE.
- At least 10+ years of auditing or related experience, including 5 years in a leadership role, with excellent knowledge of financial, operational and/or information system auditing and hands-on experience in leading and managing complex audits in Saudi or GCC region.
- Strong analytical and critical thinking skills, with the ability to synthesize complex data into actionable insights.
- Exceptional communication and presentation skills, with experience reporting to Boards and Audit Committees.
- Possess extensive expertise in Saudi Arabia's regulatory landscape, covering corporate governance guidelines, SAMA regulations, SOCPA standards, and local tax laws, including VAT and Zakat.
- Demonstrate a strong understanding of global accounting and auditing frameworks such as IFRS, COSO, and IIA standards.
- Proven leadership and team management skills, fostering a collaborative work environment.
- Prior experience in a technology or software company is essential, with knowledge of AI considered a strong advantage.
Director
Employment TypeFull-time
Job FunctionAccounting/Auditing and Information Technology
IndustriesIT Services and IT Consulting
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