Internal Audit Quality Assurance Specialist📣 إعلان

About the Role

Riyad Bank is seeking an Internal Audit Quality Assurance Specialist to join its team in Riyadh, Saudi Arabia. This full-time role is central to ensuring the highest standards of internal auditing practice across all aspects of Riyad Bank's Internal Audit function. The specialist will be responsible for performing quality reviews and ensuring strict compliance with the professional practice standards and code of ethics set by the Institute of Internal Auditors (IIA). Candidates should possess 5-10 years of relevant experience.

Core Responsibilities

• Conduct quality reviews across all aspects of Riyad Bank Internal Audit work to ensure compliance with IIA standards and the code of ethics.
• Perform periodic reviews of the Internal Audit Methodology document and audit templates, ensuring robust practices are adopted by Riyad Bank Internal Audit (RBIA).
• Assist in developing departmental policies and procedures, recommending improvements where required.
• Provide advice to Internal Audit Section heads to ensure that the IA practice adopted by RBIA aligns with IIA standards, the code of ethics, and industry best practices.
• Perform QA reviews of the day-to-day IA operations to ensure work processes are implemented as designed and comply with established policies and procedures.

Quality Assurance and Improvement Program

• Perform the development and delivery of the Quality Assurance and Improvement Program (QAIP) to ensure accurate QA reports are submitted to the Board Audit Committee (BAC).
• Assist in working as a point of contact for the External Quality Assurance Review (“QAR”) mandated by the IIA.
• Perform internal quality assessments, including ongoing and periodic reviews of internal audit activities, to ensure alignment with QAIP guidelines and checklists.
• Assess the needs of the Riyad Bank Internal Audit Leadership team and Section heads to enable them to deliver good quality audits.
• Continuously improve the department’s governance and operational processes.
• Perform workshops and training sessions on quality to ensure enhancement of the IA team capabilities.

Strategic Oversight and Reporting

• Prepare and periodically review the mission, goals, and KPIs of the Internal Audit Division to ensure alignment with the overall strategy of Riyad Bank.
• Independently monitor the efficiency and effectiveness of the Annual Audit Planning process and risk assessment approach for auditable entities, ensuring that an effective risk-based IA plan is produced and presented to BAC.
• Monitor the delivery of the approved Internal Audit plan against the planned targets.
• Prepare MIS packs (financial and non-financial, including business reporting for each audit Section) and other ad-hoc reports to ensure that the Internal Audit function has the relevant information needed to support strategic decision-making.

Professional Engagement and Continuous Improvement

• Assist in representing the department (and thereby the bank) in external formal and informal interactions with key stakeholders’ groups and internal audit industry forums.
• Take opportunities to benchmark the Riyad Bank internal audit function against similar functions inside or outside of the banking sector, nationally and internationally.
• Pursue professional development opportunities, including internal and external training and professional association memberships, and share information gained with co-workers.
• Contribute to the identification of opportunities for continuous improvement of systems, processes, and practices considering ‘international best practice’, improvement of business processes, cost reduction, and productivity improvement.

Experience and Additional Duties

• A minimum of 5-10 years of experience in internal audit or quality assurance, preferably within a financial institution.
• Perform other related duties or assignments as directed.
• Liaise with external auditors/consultants and regulatory entities (SAMA) when required.