The Internal Audit Supervisor will be responsible for leading internal audit activities and ensuring the effectiveness of governance, risk management, compliance, and internal control processes. The role includes developing and implementing a risk-based annual audit plan, conducting financial and operational audits, coordinating with external auditors, and preparing audit reports for the Audit Committee. The position also ensures proper follow-up on audit recommendations, supports decision-making through accurate audit insights, and maintains independence and objectivity while working with executive management and different departments.
Key Accountabilities
- Develop and execute the annual risk-based internal audit plan and present it for approval by the Audit Committee.
- Lead internal audit engagements across financial, operational, compliance, and governance areas to ensure adherence to policies, procedures, and regulatory requirements.
- Evaluate internal controls, risk management practices, and governance processes, and provide recommendations for improvement.
- Prepare clear and comprehensive audit reports highlighting key observations, risks, root causes, and recommended corrective actions.
- Present periodic internal audit reports to the Audit Committee, including major findings and areas of concern.
- Follow up with relevant departments to ensure timely implementation of audit recommendations and corrective action plans.
- Coordinate with external auditors to ensure smooth audit coverage and avoid duplication of audit efforts.
- Ensure that audit activities are conducted independently, objectively, and without influence from executive management.
- Support the organization in enhancing operational efficiency, safeguarding company assets, and improving internal processes.
- Organize and manage Audit Committee activities by preparing agendas, minutes of meetings, decisions, and follow-up documentation.
- Maintain effective communication with senior management, departments, and committees to support transparency and proper decision-making.
- Lead and supervise the internal audit team, ensuring quality execution of audit assignments and continuous development of team members.
- Ensure compliance with professional internal audit standards and applicable regulations.
Knowledge, Skills, and Experience We Are Looking For:
- Saudi national candidate.
- Bachelor s degree in Accounting, Finance, or any related field; Master s degree is preferred.
- Minimum of 3 years of experience in internal audit, preferably within the private sector.
- Previous experience working with external auditors is required.
- Proven experience in leading or supervising a team.
- Strong experience in preparing or participating in risk-based audit plans.
- Solid knowledge of internal controls, governance, compliance, and risk management.
- Experience in conducting financial and operational audits.
- Ability to prepare audit reports for senior management and/or Audit Committee.
- Strong follow-up skills to ensure implementation of audit recommendations and corrective actions.
- Professional certifications such as CIA, CPA, or SOCPA are preferred.
