Internal Auditor

About Saudi Gold Refinery

Saudi Gold Refinery (SGR) is a Saudi mining and precious-metals company specializing in the refining of gold and precious metals, bullion production, and value-added precious-metal services. Operating within the Kingdom’s mining value chain, SGR aligns with Vision 2030 and adheres to the regulatory framework set by the Ministry of Industry and Mineral Resources (MIM) and applicable Saudi and international standards. The company produces responsibly sourced, traceable, and certified bullion, operating to LBMA Good Delivery and ISO-aligned quality standards.

The Role of Internal Auditor

Saudi Gold Refinery is seeking an Internal Auditor to join its team in Riyadh, Saudi Arabia. This full-time position requires 5-10 years of experience and reports directly to the CEO. The Internal Auditor will provide independent assurance on internal controls, risk management, and governance processes, with a primary focus on safeguarding company assets. The role involves evaluating financial and operational processes to support the company’s strategic objectives and its alignment with Vision 2030, playing a key role in protecting the company’s reputation and financial health.

Key Responsibilities

• Conduct regular audits of operations and vault activities to verify compliance with standard operating procedures and safety regulations.
• Perform surprise counts and reconciliations of precious metal inventory to ensure accuracy between physical stock and system records.
• Assess adherence to Saudi labor laws, tax regulations, and environmental permits by reviewing data from Qiwa, Mudad, and other government platforms.
• Lead investigations into suspected fraud or policy violations and prepare detailed reports with evidence-based findings for the CEO.
• Review procurement, accounts payable, and treasury cycles to ensure proper authorization and segregation of duties.
• Prepare clear audit reports and track management actions to ensure timely resolution of identified control deficiencies.
• Update the corporate risk register based on audit findings and emerging threats to operational continuity.
• Facilitate external audits by regulators and certification bodies by providing requested documentation and explanations.
• Provide advice to management on control design for new projects, systems, or process changes to prevent future issues.

Performance Metrics

• Achieve 100% completion of the annual audit plan within the scheduled timeframe.
• Maintain a 90% closure rate of audit findings within the agreed remediation period.
• Identify and recover at least one significant financial leakage or inventory discrepancy.
• Implement a continuous monitoring dashboard for key operational risks.
• Receive positive feedback from management regarding the clarity and usefulness of audit recommendations.
• Ensure timely submission of quarterly audit reports to the CEO.

Equal Opportunity Statement

Saudi Gold Refinery welcomes applications from all qualified candidates. Hiring decisions are made based on role requirements, skills, experience, and alignment with Saudization and Vision 2030 priorities.