Internal Audit & Risk Manager

About the Role: Internal Audit & Risk Manager

Dam Group Holding is seeking an Internal Audit & Risk Manager to join their team in Riyadh, Saudi Arabia. This full-time position involves leading and developing the internal audit and risk management functions across Dam Holding Group and its subsidiaries. The role focuses on assessing key risks, evaluating internal controls, conducting financial and operational audits, and providing independent insights and recommendations to enhance governance, compliance, operational efficiency, and risk management throughout the Group.

Key Responsibilities

• Develop and maintain the annual internal audit plan based on the Group’s risk assessment, priorities, and business objectives.
• Lead and execute financial, operational, administrative, compliance, and internal control audits across the Group and its subsidiaries.
• Develop and coordinate the Group’s risk management framework and maintain an up-to-date risk register covering financial, operational, strategic, technology, and regulatory risks.
• Assess the effectiveness and adequacy of internal controls, governance frameworks, policies, procedures, and delegated authorities.
• Review key financial and operational processes, including revenues, expenses, procurement, payments, collections, assets, inventory, and other high-risk activities.
• Conduct reviews of projects, contracts, procurement activities, costs, contractor claims, suppliers, and related transactions across the Group’s contracting businesses.
• Monitor risk mitigation plans, risk owners, action plans, and due dates, and escalate significant or overdue risks to senior management and the Audit Committee.
• Prepare clear and actionable audit reports documenting findings, root causes, risk ratings, and corrective recommendations.
• Present periodic audit and risk reports to senior management and the Audit Committee and support discussions on remediation plans.
• Follow up on audit findings and corrective actions and verify closure based on appropriate supporting evidence.
• Assess fraud risks and the effectiveness of preventive and detective controls, and support special reviews and investigations within approved authority.
• Develop and maintain the Internal Audit Charter, methodologies, policies, and procedures in line with the Group’s requirements and professional practices.
• Leverage data analytics and digital tools to enhance audit coverage, risk monitoring, reporting, and management insights.
• Develop dashboards and management reports to support effective monitoring of audit findings, risks, and corrective actions.
• Establish and maintain a quality assurance and improvement program for the Internal Audit function.
• Build and develop the Internal Audit and Risk Management team and oversee its performance and professional development.
• Perform other duties as assigned by senior management within the scope of the role.

Experience and Qualifications

Candidates for this role should possess 5-10 years of relevant experience in internal audit and risk management. Specific qualifications were not provided, but a strong background in financial and operational audits, internal controls, and risk frameworks is expected.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, within Dam Group Holding. The role involves working across the Group and its subsidiaries, requiring a comprehensive understanding of diverse business operations.