Manager Internal Audit & Risk Management Saudi Nationals📣 Job Ad

About Al Jomaih Energy and Water and the Role

Al Jomaih Energy and Water (AEW) develops, invests in, owns, and operates conventional power generation, renewable power, and water desalination assets across the Kingdom of Saudi Arabia and the wider region. The company is seeking a dedicated Manager, Internal Audit & Risk Management to join its team. This full-time position is open to Saudi Nationals.

Role Purpose and Organizational Impact

The Internal Audit & Risk Management function provides independent and objective assurance and advisory services, designed to add value and improve AEW's operations. This function reports functionally to the Board Audit Committee and administratively to the Chief Executive Officer. The Manager, Internal Audit & Risk Management plays a critical role in upholding AEW's ethical, governance, and operational integrity. The role involves planning and executing risk-based internal audits, supporting the design and operation of the Enterprise Risk Management (ERM) framework, and advising management on effective risk mitigation and control improvement. The successful candidate will operate credibly with senior management, external auditors, regulators, lenders, and shareholder representatives.

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, preparing clear audit reports that communicate findings, recommendations, and remediation plans.
• Monitor and track the implementation of agreed-upon audit recommendations, ensuring timely and effective resolution of identified issues.
• 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.
• Support the development, implementation, and maintenance of the company's ERM framework, encompassing risk identification, assessment, mitigation, and monitoring processes.
• Conduct regular risk assessments, develop and implement effective risk mitigation plans, and maintain an updated risk register.
• Integrate risk management activities with internal audit processes and analyze emerging risks and trends.
• Ensure the smooth and effective execution of all ad hoc or advisory engagements within expected turnaround time and quality of deliverables.

Qualifications and Professional Experience

• Bachelor’s degree in Accounting, Finance, Business Administration, Engineering, or a related discipline. A Master's degree or MBA is preferred.
• Eight to ten years of relevant professional experience, with a minimum of four to five years specifically in internal audit, risk management, or external audit.
• Experience with a Big Four firm, leading professional services firm, or similar industry is preferred.
• Demonstrated exposure to IPP/IWP structures, project SPVs, joint ventures, EPC and O&M contracts, and project finance is strongly preferred.
• Track record of reporting to, or presenting at, an Audit Committee or equivalent governance forum.

Required Skills and Certifications

• A proactive mindset, strong analytical and report-writing skills, and sound judgment in sensitive situations.
• Working understanding of the utilities development industry, particularly conventional power, renewable power, and water projects, including their contractual and financing structures.
• Certified Internal Auditor (CIA) is required or actively pursuing with completion within an agreed timeframe.
• One or more of the following certifications is preferred: SOCPA, CPA, ACCA, CRMA, CFE, CISA, or PMP.
• ISO 31000 risk management training is an advantage.
• Understanding of COSO Internal Control - Integrated Framework (2013) and COSO Enterprise Risk Management - Integrating with Strategy and Performance (2017).
• Knowledge of NCA Essential Cybersecurity Controls, Saudi Companies Law, applicable corporate governance regulations, ZATCA requirements, and IFRS as endorsed in Saudi Arabia.

Application Information

This role offers an opportunity to contribute to the integrity and operational excellence of Al Jomaih Energy and Water. Qualified Saudi Nationals are encouraged to apply.