46 Financial Auditing jobs in Saudi Arabia

Position Summary

1. Build a transparent business environment by establishing recurrence prevention measures upon similar or same type of incidents in order to prevent business corruption in advance.

2. Analyzing poor or inefficient management and fundamental reasons of poor performance and potential risks and build improvement measures to enhance business competitiveness.

Role and Responsibilities

Skills and Qualifications
- Develops professional expertise by complying with company policies and procedures
- Works on problems of moderate scope where analyzing situations or data requires a review on various factors - Exercises judgment within defined procedures and practices to determine appropriate action
- Normally receives general instructions on routine work with detailed instructions on new projects or assignments - Generally requires a bachelor's degree with a minimum 2 years related experience, or advanced degree without experience

Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations
- Determine internal audit scope and develop annual plans
- Obtain, analyse and evaluate accounting documentation, previous reports, data, flowcharts etc
- Prepare and present reports that reflect audit’s results and document process
- Act as an objective source of independent advice to ensure validity, legality and goal achievement
- Identify loopholes and recommend risk aversion measures and cost savings
- Maintain open communication with management and audit committee
- Document process and prepare audit findings memorandum
- Conduct follow up audits to monitor management’s interventions
- Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards

TAM is a Saudi publicly listed company, specializing in digital solutions and advisory services for public and private sector clients, leading sustainable public transformation from strategy to execution. For over a decade, TAM has been the partner of choice for 50+ government entities. Our agility, expertise, and holistic approach have helped smoothen the processes and paths of Saudi public impact initiatives operating under the Vision 2030 umbrella.

**Key responsibilities and objectives**:

- **Developing and implementing audit plans**:This involves identifying areas of risk and creating a comprehensive audit plan to assess the effectiveness of internal controls and compliance with regulations.
- **Conducting audits and risk assessments**: The Internal Audit Manager performs audits of various business processes and functions to evaluate their efficiency, effectiveness, and compliance with policies and procedures. They also assess potential risks and develop strategies to mitigate them.
- **Evaluating internal controls**:The Internal Audit Manager assesses the adequacy and effectiveness of internal controls in place to safeguard assets, ensure accuracy of financial records, and promote operational efficiency.
- **Providing recommendations**:Based on audit findings, the Internal Audit Manager provides recommendations for process improvements, risk mitigation, and strengthening internal controls.
- **Ensuring compliance**:The Internal Audit Manager ensures compliance with applicable laws, regulations, and internal policies. They also monitor changes in regulations and update audit processes accordingly.
- **Reporting and communication**:The Internal Audit Manager prepares and presents audit reports to management, highlighting findings, recommendations, and areas for improvement. They also communicate with stakeholders such as Audit committee and leaders, to address concerns and provide guidance on best practices.

**Requirements**:
**Education and certifications**:

- Bachelor's degree in Accounting, Finance, or a related field.
- CA or CIA certification is a must.

**Experience**:

- 3-7 years of experience in internal or external audit, with specific focus on risk-based audit procedures
- Experience in professional services, IT services, telecom or banking is required
- Previous experience in an auditing, internal controls, or risk management of a multinational corporation is a must.
- Previous experience working in Saudi Arabia is a must.

**Skills**:

- Strong analytical and problem-solving skills.
- Strong knowledge of auditing principles, accounting standards, and internal control frameworks.
- Excellent communication and interpersonal skills.
- Proficient in using audit tools.
- Ability to work independently and collaboratively within a team.
- High capability dealing with stakeholders.

**Languages**:

- Fluent command of English and Arabic

The Role
To provide independent, objective assurance and consulting services designed to add value and improve company operations. The Internal Auditor will assess the effectiveness of internal controls, risk management, and governance processes across all departments, including operations, finance, HR, sales, fleet management, procurement, business development and compliance. • Plan, execute, and report on risk-based internal audits across all company departments. Evaluate the adequacy and effectiveness of internal controls, compliance with policies, laws, and regulations. • Review operational processes, identify inefficiencies or weaknesses, and provide practical, actionable recommendations. • Perform regular audits on branches, fleet operations, financial transactions, leasing contracts, and customer service processes. • Prepare detailed audit reports and present findings to the Internal Audit Committee. • Conduct follow-up audits to monitor management's response and implementation of audit recommendations. • Assist in the development of the annual audit plan based on risk assessment. • Identify and assess areas of significant business risk, fraud, or misappropriation. • Maintain up-to-date knowledge of internal audits and regulatory requirements relevant to the car rental industry. • Collaborate with department heads to improve internal processes without compromising objectivity or independence.

Requirements
• Bachelor’s degree in accounting, Finance, Business Administration, or related field. • Professional certifications such as CIA, CPA, or SOCPA are highly preferred. • Minimum 5 years of experience in internal auditing. • Strong understanding of risk-based auditing and internal control frameworks. • Experience working with audit software and ERP systems (e.g., Oracle, SAP, etc.). • Excellent analytical, communication, and report-writing skills Skills and Competencies: • High ethical standards and strong integrity. • Ability to work independently and handle confidential information with discretion. • Strong attention to detail and organizational skills. • Critical thinking and problem-solving abilities. • Proficiency in both Arabic and English.

About the company
We are Al Jazirah Rent A Car, auto leasing and chauffeur drive Company, a leading car rental company established in 1992. Since then, we have been providing high-quality and reliable land transportation services to our clients across the Kingdom of Saudi Arabia. We take pride in offering a diverse fleet of modern cars equipped with the latest technologies, ensuring the comfort and safety of our clients during their journeys. Al Jazirah Rent A Car Company is distinguished by its B2B & B2C customer service, as well as a professional and dedicated team that always strives to meet customer needs and provide a unique and seamless rental experience. You can rely on us to meet all your car rental needs with the best experience.

Cigna Worldwide Insurance Company Branch
Position: Head of Internal Audit; Cigna Worldwide Insurance Company Branch
Direct report to: Chief Executive Officer, Cigna Saudi Arabia Branch
Department: Internal Audit
Cigna (NYSE: CI) is a global health services company dedicated to helping people improve
their health, well-being and peace of mind.
Cigna's mission is to provide Affordable, Predictable and Simple solutions to its customers worldwide. Cigna's products and services include an integrated suite of health services, such as medical, dental, behavioural health, pharmacy and vision care benefits, and other related products including group disability, life and accident coverage. Cigna operates globally, with approximately 170 million customer relationships throughout the world. Strong financial results for the full year 2019 included revenues of over $153bn.To learn more about Cigna, including links to follow us on Facebook or Twitter, visit The Company is headquartered in Bloomfield, Connecticut, US.
Cigna is committed to its Middle East and Africa ("MEA") business which it regards as an exciting engine for growth. Working closely with Cigna's International businesses around the World Cigna MEA serves sectors including our significant corporate business across MEA, Governments seeking sector and population health solutions and cover for high net-worth individuals worldwide, using solutions based in the insurance sector as well as the provision of services. With major business wins to date this business is well-positioned for the future, and the successful candidate will be a key and valued contributor to Cigna MEA. Cigna is excited to have the opportunity to play a key role in the growth and innovation of the Saudi Arabian health services industry. Aligned with Vision 2030, Cigna aims to deliver global best practice, health capabilities and innovation and to bring a world of cutting-edge technology and global expertise to the Saudi Arabian healthcare system
**Role Summary**
The Cigna Group is looking for talented people with prior audit experience who are interested in being a part of The Cigna Group's rapidly evolving healthcare strategy. This is a new leadership position as the Head of Internal Audit for Cigna Worldwide Insurance Company Branch (CWIC) overseeing internal audit activities for Cigna's business in the Kingdom of Saudi Arabia and being the Internal Audit registered function holder with the Saudi regulator. This leader will be responsible for establishing a best-in-class internal audit function, including management relationships with key stakeholders, and the developing and delivering a dynamic audit plan.
This role is based in the Cigna's Office in Riyadh, Saudi Arabia and will report to the local Chief Executive Officer with a dotted line to the Head of International Health Internal Audit.
Internal Audit has a critical role in ensuring the Company accomplishes its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control, and governance processes. As part of the International Health Audit team, you will have an active role in supporting and acting as an advisor to senior management and other stakeholders in providing value-added audit recommendations to mitigate risks, and drive efficiencies.
To achieve best in class service for our stakeholders, Internal Audit supports individual and team development through various trainings, coaching, and internal/external development opportunities. Additionally, we support the attainment, and maintenance of, relevant certifications for ongoing professional growth.
**Key Responsibilities:**
+ Serve as the registered Internal Audit function holder with the Saudi Insurance Authority.
+ Ensure all audit activities comply with Saudi governance standards.
+ Collaborate with the Head of International Health Internal Audit on governance frameworks, regulatory filings and management reporting.
+ Develop the annual audit plan for the Saudi branch based on a robust risk-assessment process and regulatory requirements.
+ Lead end-to-end audit engagements: scoping, fieldwork, issue tracking, reporting and follow-up.
+ Oversee co-sourced audit partners-allocate assignments, manage budgets, monitor quality and resolve escalations promptly.
+ Build and maintain independent relationships with senior business, technology and enabling-function leaders.
+ Present clear, concise and actionable audit findings to the CEO, Audit Committee and regulatory bodies.
+ Represent Internal Audit in enterprise steering and operational committees.
+ Drive coordination across the three lines of defense to maximize assurance coverage and avoid duplication.
+ Provide value-added recommendations that enhance controls, streamline processes and mitigate emerging risks.
+ Monitor and verify management action plans to ensure timely and effective remediation of audit findings.
**Skills and Requirements**
+ Minimum of 6 years' experience in internal and/or external audit within the insurance industry and/or other financial services sectors
+ Holding or pursuing professional certifications such as CPA or CIA.
+ Deep understanding of auditing principles, audit standards and control frameworks.
+ Direct experience with Saudi healthcare and insurance regulations is preferable.
+ Proven ability to work independently, manage deadlines and maintain confidentiality.
+ Proven experience of navigating complex environments and track record of influencing senior stakeholders to drive control improvements.
+ Prior co-sourcing management experience and familiarity with three-lines-of-defence models is desirable.
+ Ability to work a flexible schedule to accommodate project deadlines and travel.
+ Team player.
+ Fluency in English and Arabic, with excellent verbal and written communication skills.
**Working Arrangements**
+ Hybrid schedule: minimum three days per week in Riyadh office.
+ Travel up to 30 percent annually for audits and internal initiatives.
**About The Cigna Group**
Doing something meaningful starts with a simple decision, a commitment to changing lives. At The Cigna Group, we're dedicated to improving the health and vitality of those we serve. Through our divisions Cigna Healthcare and Evernorth Health Services, we are committed to enhancing the lives of our clients, customers and patients. Join us in driving growth and improving lives.
_Qualified applicants will be considered without regard to race, color, age, disability, sex, childbirth (including pregnancy) or related medical conditions including but not limited to lactation, sexual orientation, gender identity or expression, veteran or military status, religion, national origin, ancestry, marital or familial status, genetic information, status with regard to public assistance, citizenship status or any other characteristic protected by applicable equal employment opportunity laws._
_If_ _you require reasonable accommodation in completing the online application process, please email:_ _for support. Do not email_ _for an update on your application or to provide your resume as you will not receive a response._

We are currently recruiting a Head of Internal Audit on behalf of a leading Digital Lending/Microfinance business that is currently expanding significantly across Saudi Arabia. This is an excellent opportunity to partner with an established, successful service offering as they seek further regional expansion. This position is critical to assess organisation-wide compliance with internal policies, procedures, laws & regulations combined with government and SAMA legislation.

Accomplish the assigned internal audit projects, identify controls weaknesses and effectively communicate the results to the process owners through the audit and control evaluation reports.

**Accountabilities**

Annual Internal Audit Plan:

- Assist the Internal Audit Department manager in developing the annual internal audit plan to ensure that internal control is in place

Audit Assignment:

- Lead the kickoff meetings of audit assignments with the auditees process owners and the VP to explain the audit process the audit scope the timeframe and define key processes in order to set expectations
- Prepare for the audit assignment by attending meetings with auditees process owners in order to develop the understanding of business processes after receiving the audit assignment from the Internal Audit Department Manager

Key Risks:

- Identify key risks for the business processes activities and use this information to design audit program in order to develop the test of controls

Process Owner:

- Audit the processes by performing control testing identify weaknesses and prepare the audit report to be sent to the process owner for the purpose of setting and agreeing on an action plan for resolution
- Share action plan with the process owner his supervisor and the VP through conducting an observations validation meeting after developing the final audit report to present his findings and get approval on the action plan
- Develop controls assessment report to be submitted to the process owners which shows controls evaluation for each audited process
- Conduct meetings with process owner to review processes in order to identify controls document the process and then conduct a meeting with the process owners supervisor to rereview process in order to validate and update the audit software with controls
- Ensure resolution through followingup with process owners to ensure that corrective action has been taken and provide the necessary guidance

Consultation:

- Act as a consultant of policies and procedures by providing guidance to those who develop new policies and procedures by reviewing them and providing his insights on how to add controls and eliminate or minimize risk

Employees duties are not limited only to the abovementioned Accountabilities heshe may perform other duties as assigned

**Work Environment**
- Indoors : 100%
- Outdoors : 0%
- Working Days : 5 Working Days
- Days off : 2 Days Off
- Working Hours : 8:00 AM 6:00 PM 1 hour break

Job Requirements
Education
- Bachelor degree

Experience
- 5 Years of Experience in auditing field

Computer Skills
- MS Office Suite
- Advanced Excel Advanced Visio Advanced PowerPoint

Languages
- English
- Arabic

The Role
About Us: Moore JFC is a leading consulting firm specializing in providing expert solutions in the areas of governance, risk management, and compliance. We partner with organizations across various industries to enhance their internal processes, mitigate risks, and ensure compliance with regulatory standards. As part of our commitment to delivering excellence, we are seeking a talented and motivated individual to join our team as an Internal Audit / GRC Manager Job Description: As an Internal Audit / GRC Manager at Moore JFC, you will play a pivotal role in assisting our clients in achieving their strategic objectives by providing valuable insights and recommendations related to their governance, risk management, and compliance practices. Your responsibilities will include but are not limited to: • Leading comprehensive internal audits to evaluate the effectiveness of our clients' internal controls, risk management processes, and compliance frameworks. • Guiding team on key areas of risk and developing risk mitigation strategies to safeguard our clients' assets and reputation. • Assessing regulatory requirements applicable to our clients' industries and ensuring compliance with relevant laws and standards. • Collaborating with cross-functional teams to develop and implement policies, procedures, and internal controls aimed at enhancing operational efficiency and compliance. • Providing advisory services to clients on best practices in governance, risk management, and compliance, tailored to their specific needs and objectives. • Preparing/Reviewing clear and concise audit reports and presentations for key stakeholders, highlighting findings, recommendations, and action plans. • Building and maintaining strong client relationships through effective communication, professionalism, and the delivery of high-quality service.

Requirements
• Bachelor's degree in Accounting, Finance, Business Administration, or related field. • Professional certifications (e.g., CA, CIA) is must and certifications like CISA, CFE, CRMA are desirable • Minimum 10 years of experience in internal audit, risk management, SOP or compliance roles, preferably within a consulting firm or corporate environment and GCC. • Strong understanding of auditing principles, risk assessment methodologies, and regulatory compliance requirements. • Excellent analytical skills with the ability to interpret complex data, identify trends, and draw meaningful insights. • Exceptional communication and interpersonal skills, with the ability to effectively interact with clients and team members at all levels of the organization. • Proven track record of managing multiple projects simultaneously, meeting deadlines, and delivering high-quality work under pressure. • Proficiency in Microsoft Office Suite and experience working with audit management software (e.g., ACL, IDEA, TeamMate) is preferred. • Willingness to travel to client sites as needed. Why Join Us: At Moore JFC, we offer a dynamic and collaborative work environment where you will have the opportunity to work with a diverse range of clients and industries. We value innovation, integrity, and continuous learning, and we are committed to supporting our employees' professional development and career growth. Join us and be part of a team that is dedicated to making a positive impact on our clients' success. How to Apply: If you are passionate about helping organizations navigate complex challenges and drive sustainable growth, we would love to hear from you. Moore JFC, is an equal opportunity employer and values diversity in the workplace.

About the company
Moore JFC Group, headquartered in Dubai, has been providing the highest quality of Auditing, Consulting and Business Advisory Services for more than 45 years by working closely with clients from a wide range of sectors. Moore Global is ranked as the world's 11th largest international network of professional firms JFC Group is an independent member firm of Moore Global worlds 11th largest international network of professional firms Dealing with Moore JFC Group means dealing with the whole world at one place, for seamless services are provided through worldwide offices of the member firms around the Globe. The Company has over four decades of operations has experience in vast & varied industries and businesses as well as knowledge, skills and resources to deliver great solutions that add real, tangible value to every stage of your business.

HSBC Saudi Arabia provides investment banking services to the full spectrum of corporate and institutional clients in both the private and government sectors, including public companies; private companies and establishments; funds; government agencies; and family businesses and offices.

Role Purpose

The job holder supports Senior Manager in meeting regulatory obligations by actively supporting the implementation of Sanctions policy, Anti Money Laundering (AML), and Counter Terrorist Financing (CTF) in compliance with CMA rules and regulations.

Working closely with the Manager, Brokerage, Asset Management, Investment Banking & HSS. In the execution of AML duties, the job holder must independently handle tasks assigned and be able to make decisions within their designated authority. The job holder must independently analyze and critically evaluate responses without much supervision and escalate as appropriate.

Principal Accountabilities

Key activities and decision making areas

• Providing support and direction on FC Compliance for all HBSA business lines, particularly relating to KYC and Customer Due Diligence requests.
• Reviewing any new/amended material laws, rules and regulations and HBSA policies, assess their applicability to the business areas and guide the business accordingly, ensuring all appropriate processes and procedures are amended to comply.
• Communicate with CMA and other regulatory authorities, and resolve queries or issues raised by them, if required.
• Assist in audit committees, and assist with remediation and other action to address FC gaps identified during assurance and regulatory reviews.
• Ensure that an effective Compliance training program is implemented in HSBC SA.
• Make recommendations for onboarding of all new and retention of existing high-risk rated customers.
• Review quality and completeness of customer due diligence (CDD) and enhanced due diligence (EDD) information in accordance with the AML Policy and Line of Business Procedures.
• Escalate all negative hits or Sanctions exposure or AML exposure to the Risk Reputational Client Selection Committee to obtain approval.
• Support efforts to proactively drive the KYC improvements to support sanctions compliance.
• Provide support to the FC function for implementing an effective FC framework and controls to protect the bank from potential losses.
• Provide support on any FC related project as required.
• Review reports and make recommendations and follow up for corrections and remedial actions.
• Assist with completion of AML, Sanction, AB&C, Tax Evasion, Internal and External Fraud and Market Surveillance action, register, reporting requirements, including but not limited to half-yearly certifications, monthly reports, issue reports, and reportable event escalation, in a timely and comprehensive manner.
• Review quality and completeness of customer records in accordance with the sanction & AML policy and line of business procedures.
• Conduct effective and timely investigations into assigned cases in accordance with agreed standard reporting requirements and service level agreements.
• On receipt of a referral, conduct a review to identify probable financial crime related issues or mitigation of financial crime risks.
• Write a high-quality investigative narrative (Investigation Report) and record the case history, with supporting findings, in an approved case management system.
• Escalate at the first reliable indication of financial crime risk to the Senior Manager of FC unit for consideration of reporting.
• Manage Oracle Watchlist Screening (OWS) referrals in line with Name Screening and investigative reporting instructions.
• Manage the SAS Transactions monitoring system alerts and discount low-medium risk issues with rationale justifications as a Level 1 action.
• Escalate all high risk alerts/issues to the line manager (Level 2) for decision taking.
• Provide back-up coverage for leave and vacation as needed.
• Provide support on any FC related project as required.
• Review reports and make recommendations and follow up for corrections and remedial actions.
• Have access to group systems and implement all needed reports.
• Update the FC packs for all local committees and regional committees.
• Responsible for all FC risk controls in the Helios system.
• Have access to the Helios System and review submitted risks from the business.
• Support/oversight of daily trade and communications surveillance across Covered Business lines.
• Oversight of Transactions monitoring across all covered business lines.
• Assess testing the adequacy of controls in place within Covered Business.
• Manage ad-hoc trading reviews, including trends and analysis of unusual trading activity.
• Assist with the implementation and rollout of a new surveillance / market abuse monitoring tool.
• Update the Watchlist immediately and complete required investigations.

Customers / Stakeholders

• Interact with HSBC SA Senior Management for escalating compliance-related issues/requests, if required.
• Interact with all Departments/Businesses to develop action plans and responses to regulatory authorities.
• Coordinate with CMA for responding or resolving queries/issues.
• Network with Regulatory Authorities to maintain relationships, resolve compliance-related concerns, and stay abreast of new developments.

Management of Risk (Operational Risk / FIM requirements)

• The jobholder will ensure the fair treatment of customers is at the heart of everything we do, both personally and as an organisation.
• The jobholder will reassess operational risks in conjunction with entity management, considering changing conditions, legal and regulatory requirements, procedures, restructurings, and technology.
• Oversee to ensure risks are captured, monitored and reported, including timely follow-up resolutions and escalation of breaches when required.

Qualifications / Experience

Qualifications:

• Bachelor’s degree in Law, Accountancy, Business Administration or relevant field from an accredited University
• Master’s Degree in Risk Management is preferred
• Certified Bank Compliance Officer (CBCO), Certified Regulatory Compliance Manager (CRCM), or Certified Regulatory and Compliance Professional (CRCP) is advantageous.

Experience:

• 3 - 5 years of relevant experience in a similar role
• Prior experience in Compliance and Risk Management in the banking/financial sector is preferred
• Some understanding of local CMA regulatory framework and regulations
• Good communication skills both oral and written
• Ability to manage conflicting priorities effectively and meet challenging deadlines
• Team player who focuses on delivery and continuous improvement
• Ability to assess business needs and apply regulatory knowledge when providing advice

*Please note that this job ad will close in 3 weeks (10/09/2025)

Seniority level

• Associate

Employment type

• Full-time

Job function

• Other
• Industries: Financial Services and Investment Banking

Note: Referrals increase your chances of interviewing at HSBC. This description is for a Compliance Manager role in Riyadh, Saudi Arabia.

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