About the Role
SiFi, a B2B Fin-Tech company licensed by the Saudi Central Bank, is seeking an experienced Internal Audit Manager to join its team in Riyadh, Saudi Arabia. This role is central to coordinating and overseeing internal audit activities, leveraging the expertise of a specialized audit firm to strengthen internal controls, ensure regulatory adherence, and enhance the company's governance and risk management framework. The Internal Audit Manager will identify risk areas, recommend process improvements, and monitor remediation efforts to support SiFi's mission of transforming expense management for businesses.
Key Responsibilities
- Develop and maintain a risk-based internal audit plan, ensuring alignment with regulatory standards and industry best practices.
- Collaborate closely with a specialized external audit firm to plan and execute audit assignments, ensuring comprehensive reviews of critical business functions including financial, operational, and compliance areas.
- Coordinate the scheduling, scope definition, and resource allocation for each audit engagement.
- Work with the external audit firm and internal stakeholders to identify and evaluate key risks across business units such as product, operations, and IT security.
- Review and evaluate the adequacy and efficiency of controls, policies, and procedures, recommending enhancements as necessary.
- Monitor management's remediation efforts and verify the timely and effective resolution of identified audit issues.
- Stay informed of evolving regulatory requirements and industry guidance relevant to Fin-Tech operations.
- Prepare and review audit reports in conjunction with the external firm, summarizing findings, conclusions, and recommendations for senior management and, when appropriate, the Board or Audit Committee.
- Support interactions with external auditors and regulatory bodies, ensuring a transparent and proactive approach to compliance.
- Build strong relationships with functional teams including Finance, Operations, Compliance, and IT Security to cultivate a culture of risk awareness and continuous improvement.
- Communicate audit objectives, scope, findings, and recommendations clearly and effectively to internal stakeholders.
- Act as a liaison between the external audit firm and internal departments, ensuring seamless collaboration and knowledge transfer.
Qualifications and Requirements
- Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
- 3-5 years of relevant experience in internal audit, risk management, or compliance, preferably within a regulated financial services or Fin-Tech environment.
- Strong understanding of internal control frameworks, risk assessment methodologies, and relevant regulatory requirements.
- Excellent analytical, problem-solving, and critical-thinking skills.
- Strong communication and presentation capabilities, able to explain complex information simply and effectively.
- Self-starter, detail-oriented, and able to work independently without direct reports.
- Proven ability to coordinate with external service providers and internal stakeholders in a fast-paced environment.
- Saudi Nationality ONLY.
Skills Profile
- Internal Audit
- Risk Management
- Compliance
- Internal Controls
- Process Improvement
- Financial Reporting
- Operational Audit
- IT Security
- Analytical Skills
- Problem-Solving
- Critical Thinking
- Communication
- Presentation Skills
Additional Information
This is a full-time position based in Riyadh, Saudi Arabia. Professional certifications such as CIA, CPA, or CISA are considered significant advantages.
