Senior Internal Audit Specialist

About the Role

Al Omar Holding is seeking a Senior Internal Audit Specialist to join their team in Riyadh. This full-time role involves supporting the internal audit function across Al Omar Holding Company and its subsidiaries, ensuring the effectiveness of internal controls and compliance with established policies.

Key Responsibilities

• Execute approved risk-based internal audit assignments across the holding company and its subsidiaries.
• Review financial, operational, procurement, HR, project, and compliance processes.
• Assess the design and effectiveness of internal controls, approval workflows, delegated authorities, policies, and procedures.
• Audit payment cycles, procurement activities, contracts, vendor onboarding, receivables, payroll, fixed assets, inventory, and cash management.
• Review project controls including budgets, Bills of Quantities (BOQs), variations, contractor payments, tender evaluations, cost overruns, and project documentation.
• Identify control gaps, compliance breaches, financial risks, operational inefficiencies, and potential fraud indicators.
• Prepare audit working papers, evidence files, audit observations, risk ratings, root-cause analysis, and recommended corrective actions.
• Draft clear audit reports and presentations for management and the Audit Committee.
• Maintain audit findings trackers and follow up with responsible departments until corrective actions are closed.
• Support investigations related to suspected fraud, policy violations, conflicts of interest, or financial irregularities.
• Assist in preparing the annual audit plan, audit universe, risk assessments, and periodic Audit Committee reporting.
• Maintain confidentiality, professional skepticism, and independence throughout all audit engagements.

Required Qualifications and Experience

• A minimum of 5 to 10 years of relevant experience in internal audit.

Required Skills and Attributes

• Ability to independently conduct audits while maintaining objectivity and escalating significant issues appropriately.
• Excellent report writing, documentation, and stakeholder communication skills.
• Experience in preparing clear, evidence-based audit reports, presentations, and audit follow-up updates for senior leadership and the Audit Committee.
• Comfortable presenting significant audit findings, control weaknesses, high-risk issues, and overdue corrective actions to the Audit Committee.
• Proficiency in engaging with CEOs, CFOs, finance, procurement, HR, operations, project teams, and subsidiary management to obtain audit evidence and follow up on remediation actions.

Work Environment

This is a full-time position based in Riyadh, requiring a detail-oriented and independent professional to contribute to the internal audit function.

Application Process

Salary for this position will be disclosed during the interview process.