Internal Audit Manager📣 Job Ad

About the Opportunity

Hays is partnering with a growing Investment Firm, which has a strong presence in Real Estate Development, to recruit an Internal Audit Manager. This full-time position is based in Dammam, Eastern Province, Saudi Arabia, and offers a competitive salary and benefits package. The role involves establishing and leading the Internal Audit function from its inception, requiring a professional with 5-10 years of relevant experience.

Role Overview

The Internal Audit Manager will be responsible for overseeing and managing the internal audit function, ensuring the integrity, accuracy, and compliance of the company’s operations, financial systems, and governance frameworks. This includes conducting audit visits, identifying areas for improvement, developing recommendations and corrective plans, and monitoring their closure status. The role encompasses both an initial establishment phase and ongoing implementation responsibilities.

Key Responsibilities: Establishment Phase

• Lead the Establishment Phase engagement, including IA Infrastructure, Enterprise Risk Assessment, and the 3-Year Risk-Based Internal Audit (RBIA) Plan, in collaboration with an appointed external advisor, while retaining full accountability for the function.
• Review and quality-assure all advisor deliverables, such as the IA Charter, IA Manual, Risk and Control Matrix (RACM), risk registers, and the RBIA Plan, prior to submission to the Audit Committee.
• Act as the primary day-to-day counterpart to the advisor's engagement team, coordinating stakeholder access and information requests.
• Develop and manage the knowledge-transfer plan to progressively build in-house Internal Audit capability.
• Recruit and build out the internal IA team as the function expands beyond the Establishment Phase.
• Present the transitional model's progress and advisor deliverables to the Audit Committee for approval.

Key Responsibilities: Implementation Phase

• Develop and implement the internal audit department’s operational plans, policies, and procedures in alignment with the company’s strategic goals.
• Conduct periodic internal audits to assess the effectiveness of financial controls, governance frameworks, and risk management processes.
• Prepare and present comprehensive audit reports to senior management, the CEO, and the Audit Committee, providing actionable insights and recommending improvements for operational efficiency and compliance.
• Serve as an objective source of independent advice to ensure validity, legality, and achievement of organizational goals.
• Monitor the implementation of corrective actions in response to audit findings and track progress to mitigate identified risks.
• Evaluate and enhance the confidentiality, integrity, and reliability of financial systems and processes.
• Provide guidance on compliance with legal, regulatory, and internal policy requirements to safeguard the company’s operations and reputation.
• Identify emerging risks and proactively advise executive leadership on mitigation strategies to ensure company sustainability.

Required Experience

Candidates for this position should possess 5-10 years of relevant experience in internal audit, demonstrating a strong understanding of audit methodologies, risk management, and corporate governance within an investment or real estate development context.

Location and Work Type

This is a full-time role based in Dammam, Eastern Province, Saudi Arabia. The successful candidate will join a growing Investment Firm with a significant focus on Real Estate Development.