Head of Audit Insurance📣 Job Ad

About Faithful Executive and the Opportunity

Faithful Executive specializes in connecting skilled professionals with leading opportunities across the Middle East. We are currently recruiting on behalf of a prominent partner in the insurance sector, based in Jeddah, Makkah, Saudi Arabia. This partner is seeking an experienced audit leader to join their team.

The Role: Head of Audit Insurance

The Head of Audit Insurance will lead the internal audit function for our partner company. This full-time role is central to the organization's commitment to robust governance and ongoing organizational development, providing independent assurance on internal controls and business processes.

Key Responsibilities

• Lead and oversee the internal audit department, ensuring effective governance, risk management, and control frameworks.
• Develop and execute a comprehensive, risk-based internal audit plan in alignment with SAMA regulatory requirements and corporate strategy.
• Provide independent assurance to the Audit Committee and senior management regarding the adequacy and effectiveness of internal controls and business processes.
• Manage, mentor, and develop the internal audit team to deliver high-quality, value-added audit engagements.
• Review financial, operational, compliance, and IT processes to identify risks, control weaknesses, and improvement opportunities.
• Coordinate with external auditors, regulators, and other assurance providers to ensure audit efficiency and compliance with industry standards.
• Report findings and recommendations to executive management and the Audit Committee, driving timely implementation of corrective actions.
• Stay informed on emerging risks, regulatory changes, and best practices within the insurance and financial services industries.
• Foster a culture of integrity, transparency, and accountability across all business units.

Candidate Profile and Requirements

The ideal candidate will possess 5 to 10 years of experience in audit leadership, preferably within the insurance or financial services sector. A strong understanding of regulatory requirements, particularly SAMA, is essential. This role requires proven leadership capabilities to manage and develop an audit team, alongside a commitment to upholding strong governance principles.

Work Environment and Location

This is a full-time position based in Jeddah, Makkah, Saudi Arabia. The role operates within a dynamic environment focused on maintaining high standards of internal control and risk management.

Application Information

Further details regarding compensation will be discussed during the interview process. Interested candidates are encouraged to apply.