Manager Internal Audit & Risk Management

About Aljomaih Energy & Water

Aljomaih Energy & Water (AEW) is a company focused on developing, investing in, owning, and operating conventional power generation, renewable power, and water desalination assets. AEW operates within the Kingdom of Saudi Arabia and the wider region, maintaining a commitment to ethical, governance, and operational integrity across its ventures.

The Role: Manager, Internal Audit & Risk Management

AEW is seeking a Manager, Internal Audit & Risk Management to join its team in Riyadh, Riyadh Province. This full-time position is integral to the Internal Audit & Risk Management function, which provides independent and objective assurance and advisory services designed to add value and improve AEW's operations. The function reports functionally to the Board Audit Committee and administratively to the Chief Executive Officer.

The Manager supports the Head of Internal Audit & Risk Management across corporate functions, project companies, and joint venture entities. This role requires credible engagement with senior management, external auditors, regulators, lenders, and shareholder representatives, playing a critical part in upholding AEW's ethical, governance, and operational standards.

Key Responsibilities

• Support the Head of Internal Audit & Risk Management in developing the annual risk-based internal audit plan.
• Independently manage and execute internal audit engagements within assigned areas of responsibility.
• Conduct comprehensive audits of various business functions, processes, and controls, evaluating their effectiveness and identifying areas for improvement.
• Assess compliance with relevant laws, regulations, and company policies.
• Prepare clear and concise audit reports that communicate findings, recommendations, and remediation plans to senior management and the Board Audit Committee.
• Monitor and track the implementation of agreed-upon audit recommendations, ensuring timely and effective resolution of identified issues.
• Assist in the review and improvement of company-wide policies, procedures, and management practices.
• Audit the project development lifecycle from origination and bid through to financial close, construction, commissioning, and handover to operations.
• Review compliance with EPC, O&M, PPA/WPA, shareholder, and financing agreements, including obligations, milestones, liquidated damages, warranties, insurance, and reporting covenants.
• Verify progress payments, variation orders, claims, change management, and contingency utilization against contractual entitlement and approved budgets.
• Assess governance, delegation of authority, and control arrangements at project companies and joint ventures.
• Support the Head of Internal Audit & Risk Management in developing and executing annual plans for risk management engagements.
• Collaborate with senior management to develop, implement, and maintain the Enterprise Risk Management (ERM) framework.
• Conduct regular risk assessments to identify and evaluate potential risks, developing and implementing effective mitigation plans.
• Maintain an updated risk register and ensure consistent communication of risks to relevant stakeholders.
• Analyze emerging risks and trends, proactively adapting the ERM framework and annual plans to address them.
• Ensure the smooth and effective execution of all ad hoc or advisory engagements within expected turnaround times and quality standards.

Required Skills and Attributes

• A proactive mindset.
• Strong analytical and report-writing skills.
• Sound judgment in sensitive situations.
• A working understanding of the utilities development industry, particularly conventional power, renewable power, and water projects.
• Familiarity with the contractual and financing structures through which such projects are delivered.

Experience and Qualifications

Candidates for this role should possess 5 to 10 years of relevant experience in internal audit, risk management, or a related field, preferably within the energy, water, or infrastructure development sectors.

Work Environment

This is a full-time position based in Riyadh, Saudi Arabia, offering an opportunity to contribute to a dynamic and growing sector within a leading regional company.