Director Financial Audit📣 Job Ad

About the Environment Fund

The Environment Fund (صندوق البيئة) is seeking a Director Financial Audit to join its team in Riyadh, Saudi Arabia. This full-time role is central to ensuring the financial integrity and operational efficiency of the Fund, aligning its practices with governance best practices and international standards.

Role Purpose and Strategic Leadership

The Director Financial Audit is responsible for leading, managing, and enhancing the Fund’s financial audit function. This involves designing and overseeing the overall audit strategy, developing risk-based audit plans, and establishing performance frameworks to measure efficiency, accuracy, and compliance in financial operations and reporting. The role requires maintaining full professional independence and objectivity while providing strategic recommendations to executive management and the Risk & Audit Committee.

Key Responsibilities

• Direct and oversee financial audit team activities, ensuring efficient execution in accordance with approved policies and procedures.
• Provide coaching, mentoring, and professional development to the team, aligned with internal audit standards.
• Conduct periodic performance reviews and quality assessments to ensure accountability and audit excellence.
• Supervise the preparation of periodic audit reports, executive summaries, and dashboards for Senior Management and the Audit & Risk Committee.
• Review audit working papers and documentation for completeness, accuracy, and compliance with professional standards.
• Develop and implement a comprehensive risk-based annual audit plan aligned with the Fund’s strategy and priorities.
• Oversee enterprise risk assessment activities, incorporating emerging risks, regulatory requirements, and financial developments.
• Design and maintain internal audit methodologies aligned with International Internal Audit Standards and the COSO framework.
• Oversee financial audit engagements to ensure the adequacy and efficiency of implemented controls.
• Develop a comprehensive understanding of institutional processes, including procurement, HR, IT, and service delivery, to ensure audit accuracy.
• Supervise financial audit assignments, ensuring the accuracy and reliability of financial reporting.
• Review accounting, treasury, payroll, and capital expenditure processes to ensure financial data integrity.
• Integrate modern audit technologies such as data analytics, automation, and continuous auditing to improve audit quality and efficiency.

Collaboration and Reporting

• Coordinate with external auditors to ensure alignment of audit scope and objectives.
• Collaborate with Risk and Compliance functions to maintain an integrated control environment.
• Identify and assess material financial risks, recommending appropriate mitigation controls.
• Provide assurance that risk management frameworks and control systems operate effectively.
• Deliver timely, evidence-based audit reports to the Audit & Risk Committee and Executive Management, ensuring recommendations are actionable and supported by sufficient evidence.
• Translate technical audit findings into strategic insights for decision-makers.

Qualifications and Experience

Candidates for this position should possess a minimum of 10 years of relevant experience in financial audit, demonstrating a strong background in leading audit functions and ensuring financial integrity within an organizational framework. Expertise in internal control systems, risk management, and compliance with governance best practices is essential.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, requiring a commitment to professional independence and objectivity within a dynamic organizational setting.