Internal Audit Treasury📣 Job Ad

About the Role: Internal Audit Treasury

Riyad Bank is seeking an experienced Internal Audit Treasury professional to join its team in Riyadh, Saudi Arabia. This full-time role involves performing day-to-day internal auditing of the bank's internal controls and business practices. The position requires active participation in all phases of audit assignments, from planning and execution to reporting and closure, to safeguard Riyad Bank's internal controls through robust audit programs.

Core Audit Responsibilities

The Internal Audit Treasury professional will manage the Internal Audit team in conducting reviews and audit assignments across the bank's functions. This includes identifying areas of risk, monitoring adherence to Riyad Bank’s policies and procedures, detecting fraudulent business activities, and reinforcing internal control measures. The role also involves implementing and improving departmental policies, processes, and procedures, providing guidance to subordinates, and ensuring controlled execution of work.

Audit Planning and Execution

• Formulate and provide input on the development of the Audit plan, ensuring its integration with Riyad Bank’s overall annual audit plan to assess policy adherence and identify risks.
• Monitor the implementation of Audit programs and provide support to the Audit team to detect, report, and investigate violations and fraudulent activities effectively.
• Lead Audit teams to ensure all transactions are genuine, authorized, and compliant with Riyad Bank’s policies and procedures.
• Review audit reports for comprehensiveness, accuracy, and value-added recommendations.
• Review audit results with business units and coordinate with Risk, Legal, and Compliance functions to plan actions, reduce risks, and increase policy effectiveness.
• Ensure regular coordination with internal and external parties regarding fraudulent activities.
• Provide informed and independent opinions on compliance with internal policies and guidelines to audited parties and senior audit management.

Policy Adherence and Reporting

• Assist the Head of Internal Audit Unit in supervising day-to-day operations to ensure processes comply with established policies.
• Support in the preparation of timely and accurate reports that meet company and department requirements.
• Contribute to expanding awareness within Riyad Bank regarding new legislation, trends, and audit-related issues that may affect the bank’s effectiveness and risk exposure.
• Ensure compliance with all relevant safety, quality, and environmental management policies and procedures.

Team Leadership and Development

• Stimulate subordinates and contribute to identifying opportunities for continuous improvement in systems, processes, and practices, considering international best practices, cost reduction, and productivity.
• Lead and direct change management through continuous improvement of department systems and practices, adapting to international standards and business environment changes.
• Ensure all staff have clear objectives, regular performance feedback, formal annual appraisals, and individual development plans, with particular emphasis on developing talented Saudi national staff.
• Facilitate the employment, training, and development of Saudi nationals within the organization.
• Represent the function and actively contribute to various internal and external committees and meetings.

Experience and Qualifications

Candidates for this role should possess 5-10 years of experience in internal auditing, ideally with exposure to treasury functions within a financial institution. A strong understanding of internal controls, risk management, and banking operations is essential. The ability to lead audit teams, manage complex assignments, and contribute to continuous improvement initiatives is required. The role also involves performing other related duties as directed.