Director of Internal Audit

About Reef Group

Reef Group is a growing organization operating in Riyadh, Saudi Arabia. The company is currently expanding its regional and international presence.

The Role of Executive Director of Internal Audit

Reef Group is seeking an Executive Director of Internal Audit to lead the Group’s Internal Audit function. This full-time role involves providing independent assurance over governance, risk management, internal controls, and business processes. The Executive Director will be responsible for developing and executing the Group’s risk-based internal audit strategy and leading audit engagements across various functions and entities. The position requires identifying control gaps and business risks, then providing recommendations to strengthen governance, accountability, and operational effectiveness. The ideal candidate will have strong leadership experience in Internal Audit and a comprehensive understanding of governance and risk, enabling effective collaboration with executive management, Audit Committee members, and senior stakeholders.

Key Responsibilities

• Lead and manage the Group’s Internal Audit function across business units and entities.
• Develop and maintain the annual and multi-year risk-based Internal Audit plan.
• Assess key financial, operational, compliance, governance, and strategic risks across the Group.
• Lead internal audit engagements, ensuring strong quality, objectivity, and business relevance.
• Review the adequacy and effectiveness of internal controls, policies, procedures, and governance frameworks.
• Identify control weaknesses, process gaps, emerging risks, and improvement opportunities.
• Provide practical and actionable recommendations to management and follow up on implementation.
• Prepare and present Internal Audit reports, key findings, risk themes, and recommendations to executive management and the Audit Committee.
• Monitor the implementation of agreed audit actions and ensure timely closure of high-risk findings.
• Maintain strong coordination with Risk, Compliance, Finance, Legal, Governance, and other control functions.
• Support investigations, special reviews, and management-requested assignments when required.
• Evaluate major business processes, systems, projects, and transformation initiatives from a control and risk perspective.
• Support the continuous improvement of governance, internal controls, and enterprise risk awareness.
• Ensure Internal Audit activities comply with professional standards, approved methodologies, and internal policies.
• Develop Internal Audit frameworks, procedures, reporting standards, and quality assurance practices.
• Lead, coach, and develop the Internal Audit team, strengthening technical and leadership capabilities.
• Manage relationships with external auditors, regulators, and relevant professional bodies when required.
• Stay updated on regulatory changes, emerging risks, industry developments, and leading Internal Audit practices.

Qualifications and Experience

• Over 10 years of experience in Internal Audit.
• Demonstrated leadership experience in Internal Audit.
• Excellent understanding of governance and risk management principles.
• Ability to operate effectively with executive management, Audit Committee members, and senior stakeholders.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia. The role offers the opportunity to contribute to strengthening governance, risk management, internal controls, and organizational accountability within a growing organization.