Internal Auditor📣 Job Ad

About Arab Invest

Arab Invest is a Pan-Arab joint-stock company established in July 1974. Owned by the governments of 16 Arab states, the company operates with an authorized capital of US$ 1,200 Million and a paid-up capital of US$ 917 million.

The Internal Auditor Role

Arab Invest is seeking an Internal Auditor to join its team in Riyadh, Saudi Arabia. This full-time position is responsible for executing the annual audit plan by performing allocated audits, analyzing data, and preparing audit reports to ensure compliance with regulations, policies, and procedures. The Internal Auditor reports directly to the Head of Internal Auditor.

Key Responsibilities

• Conduct periodic audits in alignment with the annual audit plan and ad-hoc audit requests to assess organizational compliance with regulations and policies.
• Lead end-to-end Internal Audit Assignments, covering planning, execution, reporting, and follow-ups.
• Develop risk and control matrices (RCMs), process maps, and test programs aligned to COSO and IPPF standards where applicable.
• Conduct special reviews, including investigations, ad-hoc management requests, and due diligence support, as needed.
• Evaluate internal controls and processes to identify weaknesses, risks, and inefficiencies.
• Review financial transactions to assess the reliability, integrity, and accuracy of financial and operational information and ensure alignment with company policies.
• Perform data-driven testing, including analytical procedures, sampling, and basic data analytics.
• Identify and report on any deviations from established policies, procedures, and regulations to enable management to take corrective actions and maintain compliance.
• Review records pertaining to assets to determine the degree to which they are utilized.
• Prepare detailed audit reports with findings, implications, and recommendations for improvement, and present them to the management team.
• Monitor the implementation of audit recommendations and conduct follow-ups to ensure corrective actions have been taken.
• Facilitate external audits and manage internal and external stakeholder relationships during the audit process.
• Keep abreast of internal policies and processes, industry best practices, standards, and regulations.

Qualifications and Experience

• Bachelor’s degree in Finance, Accounting, Business Administration, or a related field.
• A minimum of 5 to 10 years of relevant experience in internal audit.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, offering an opportunity to contribute to a well-established Pan-Arab organization.

Application Process

Candidates who meet the above qualifications are encouraged to apply.