123 Internal Audits jobs in Saudi Arabia
Manager – Financial Audit
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Job Description
Job Purpose:
The Manager – Financial Audit is responsible for planning, executing, and completing financial audits across the organization to ensure compliance with internal policies, statutory requirements, and industry best practices. The role involves evaluating internal controls, identifying risks, and recommending improvements to safeguard company assets and ensure financial integrity.
Key Responsibilities:
1. Audit Planning & Strategy
- Develop and update the annual financial audit plan based on risk assessments and organizational priorities.
- Define the scope, objectives, and audit procedures for each audit engagement.
- Coordinate with various departments to schedule audits and obtain necessary information.
2. Audit Execution
- Lead and perform complex financial audits including testing of transactions, account balances, and financial statements.
- Review and analyze accounting systems, financial reports, ledgers, journal entries, and other financial records.
- Evaluate the adequacy and effectiveness of internal controls over financial reporting (ICFR/SOX if applicable).
3. Team Management
- Supervise, mentor, and train junior auditors and audit staff.
- Review workpapers, findings, and reports prepared by team members for accuracy and completeness.
- Ensure timely completion of audits within defined timelines and budgets.
4. Reporting & Communication
- Draft clear, concise, and actionable audit reports highlighting findings, root causes, and recommendations.
- Present audit findings and recommendations to senior management and relevant stakeholders.
- Follow up on implementation of audit recommendations and corrective actions.
5. Risk Assessment & Advisory
- Identify key risks, weaknesses, and control gaps in financial processes.
- Provide guidance on financial controls, accounting policies, and regulatory compliance.
- Act as a subject matter expert on accounting standards (e.g., IFRS, GAAP) and emerging audit practices.
Required Qualifications:
- Bachelor's degree in Accounting, Finance, or related field (Master's preferred).
- Professional certification such as
CPA, CA, ACCA, or CIA
is required. - Minimum 5
–7 years
of experience in internal or external financial audit, with at least
2–3 years
in a supervisory or managerial capacity.
Financial Audit Manager
Posted today
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Job Description
Job Propose:
- The Financial Audit Manager is responsible for guiding the development the internal financial audit program, securing necessary resources, ensuring the implementation and execution of internal audit plan as well as following up on internal audit reporting for each department in order to issue related improvement action plan.
Key Accountabilities:
- Contribute to the development of Internal Audit Division business plan and develop Financial Audit plan Department according to set objectives
- Develop Financial Audit Department key performance indicators and continuously monitor progress towards financial plan
- Implement Financial Audit Department's framework, methodologies, techniques and principles
- Ensure that Financial Audit Department operational plan is well communicated and understood at all levels
- Optimize resources and ensure team is efficient and provide recommendations for improvement
- Develop budget requirements for Financial Audit Department ensuring alignment to plans and needs
- Develop procedures ensuring all actions are conducted in a systematic manner
- Take operational decisions and escalate key decisions to senior management when required
- Guide development of financial audit program in line with related strategy, and based on the company's strategic objectives, identified audit needs, risk impact results and previous audit findings
- Review and approve business cases for the necessity to liaise with external auditors, and sustain long-term relationships with assigned external auditors for continuous improvement of Company's financial practices
- Assess needed resources against current capabilities, and implement needed actions in terms of recruitment and development of internal auditors
- Establish internal auditors' development program and facilitate needed trainings as applicable
- Finalize development of annual internal audit plan to monitor financial activities
- Guide the development of audit procedures and needed tools to ensure consistent and effective practices
- Communicate audit program to auditors ensuring audit scope, objectives, key areas to be assessed are clearly defined in the audit program with audit dates, periods and focal points
- Ensure proper implementation of program through continuous follow up
- Ensure audit opening and closure meetings are held before and after every audit intervention to confirm audit objectives, scope and methodology and discuss audit findings
- Conduct complex internal audit interventions for critical financial activities and/or with upper management when needed
- Review audit reports and recommended corrective actions, and refine corrective action plan
- Ensure departments readiness for external audit intervention and follow up on reported findings and related improvement action plan
- Consolidate audit reports into a quarterly or annual report including audit findings, non-conformities, and improvement action plans for each department
- Contribute to employee performance management, and provide formal and informal feedback in order to support professional development and maximize performance
- Build and maintain solid relations with externals stakeholders such as governmental entities and consultants to serve Company's best interest
- Provide assistance across the organization and support peers when needed to perform their duties
- Approve reports and presentations related to Financial Audit Department activities and achievements for reporting and decision-making
- Perform other activities as and when required
Manager - Financial Audit (Outsource)
Posted 22 days ago
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Job Description
The Manager – Financial Audit is responsible for planning, executing, and completing financial audits across the organization to ensure compliance with internal policies, statutory requirements, and industry best practices. The role involves evaluating internal controls, identifying risks, and recommending improvements to safeguard company assets and ensure financial integrity.
Responsibilities- Audit Planning & Strategy
- Develop and update the annual financial audit plan based on risk assessments and organizational priorities.
- Define the scope, objectives, and audit procedures for each audit engagement.
- Coordinate with various departments to schedule audits and obtain necessary information.
- Audit Execution
- Lead and perform complex financial audits including testing of transactions, account balances, and financial statements.
- Review and analyze accounting systems, financial reports, ledgers, journal entries, and other financial records.
- Evaluate the adequacy and effectiveness of internal controls over financial reporting (ICFR/SOX if applicable).
- Team Management
- Supervise, mentor, and train junior auditors and audit staff.
- Review workpapers, findings, and reports prepared by team members for accuracy and completeness.
- Ensure timely completion of audits within defined timelines and budgets.
- Reporting & Communication
- Draft clear, concise, and actionable audit reports highlighting findings, root causes, and recommendations.
- Present audit findings and recommendations to senior management and relevant stakeholders.
- Follow up on implementation of audit recommendations and corrective actions.
- Identify key risks, weaknesses, and control gaps in financial processes.
- Provide guidance on financial controls, accounting policies, and regulatory compliance.
- Act as a subject matter expert on accounting standards (e.g., IFRS, GAAP) and emerging audit practices.
- Bachelor’s degree in Accounting, Finance, or related field (Master’s preferred).
- Professional certification such as CPA, CA, ACCA, or CIA is required.
- Minimum 5–7 years of experience in internal or external financial audit, with at least 2–3 years in a supervisory or managerial capacity.
- Seniority level: Mid-Senior level
- Employment type: Contract
- Job function: Accounting/Auditing
- Industries: Government Administration
We’re removing unnecessary boilerplate to focus on the role and requirements.
#J-18808-LjbffrBusiness and Financial Audit Manager
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Business and Financial Audit Manager
Job Summary
The Business and Financial Audit Manager is responsible for overseeing and executing internal audit activities related to financial and operational processes within NourNet. This role involves conducting financial, operational, and compliance audits to ensure accuracy, efficiency, and adherence to regulatory and company policies. The role also provides assurance on financial integrity, risk management, and internal controls. The position reports directly to the Internal Audit Director and contributes significantly to the overall success of the Internal Audit Department.
Key Responsibilities / Accountabilities
Key Responsibilities
Deliverables
Strategic Responsibilities
- Contribute to the development of the Internal Audit Department's short- and long-term strategy from the department's perspective in line with NourNet overall vision and mission.
- Assist in developing the Internal Audit Department's strategy, objectives, KPIs, annual operational plans and ensure plan execution is meeting the targets.
- Oversee the execution of a risk-based internal audit plan aligned with the organization's strategic objectives.
- Identify emerging financial and operational risks, providing proactive recommendations for mitigation.
- Ensure the Internal Audit department maintains a high level of independence and objectivity, in line with the IIA Global Code of Ethics, to support strategic alignment and build trust with stakeholders.
Managerial Responsibilities
- Collaborate in preparing the department's annual budget, considering planned activities and necessary investments, and monitor financial performance.
- Support the development, maintenance, and implementation of Internal Audit Department policies and procedures; contribute to monitoring overall performance and KPIs.
- Contribute to effective staffing, professional development, and assist in the deployment of Internal Audit Department staff.
- Facilitate the Internal Audit Department's connection to its stakeholders, whether internal or external, and contribute to meeting stakeholder needs effectively.
Audit Planning
- Develop and execute a comprehensive, risk-based financial and operational internal audit plan by identifying key audit areas and objectives and ensure effective coordination with relevant departments to streamline the audit planning process.
- Manage and allocate resources to effectively execute the approved internal audit plan.
- Review and approve detailed audit programs, ensuring they address engagement objectives and organizational risks.
Audit Execution
- Lead and execute financial and operational audits, ensuring compliance with company policies, financial regulations, and best practices.
- Assess the adequacy of internal controls, financial processes, and operational efficiency.
- Supervise audit engagements to ensure quality and adherence to The IIA's Standards.
- Oversee the use of data analytics and technology in audit engagements to improve efficiency and insights.
- Leverage advanced data analytics tools to enhance audit procedures, identify trends, and extract valuable insights.
Risk Assessment
- Identify and evaluate critical risks specific to the telecommunication sector, ensuring alignment with NourNet's operations and objectives.
- Design and implement effective strategies to mitigate identified risks, enhancing operational resilience.
- Deliver actionable recommendations to strengthen NourNet's risk management framework and ensure regulatory compliance.
- Ensure the Internal Audit department supports the organization's governance, risk management, and compliance (GRC) framework.
Reporting and Communication
- Ensure timely reporting of audit results by preparing comprehensive, accurate, and well-documented audit reports that highlight key findings, risks, and actionable recommendations
- Track and verify the implementation of audit recommendations by implementing a robust follow-up mechanism.
- Review and approve audit reports, ensuring findings, risks, and recommendations are clearly articulated and actionable.
- Present key audit findings, trends, and risk insights to senior management, the audit committee, and other stakeholders.
- Facilitate open communication between the Internal Audit team and auditees to promote collaboration and acceptance of recommendations.
Team Leadership and Management
- Lead, mentor, and develop a high-performing Internal Audit team.
- Conduct performance reviews, identify training needs, and support team members in achieving professional certifications (e.g., CIA, CRMA).
- Promote a culture of innovation, collaboration, and integrity within the Internal Audit team.
Compliance
- Stay updated on regulatory changes and compliance requirements relevant to the NourNet's operations.
- Ensure NourNet policies and manual align with applicable regulations.
- Monitor and evaluate the quality of audit work and ensure compliance with internal audit standards and methodologies.
Continuous Improvement & Quality Assurance
- Identify opportunities for process improvements.
- Stay informed about changes in regulations and industry practices and integrate them into the Internal Audit Department.
- Enhance the efficiency and effectiveness of audit processes.
- Ensure adherence to The IIA's Code of Ethics, Standards, and Quality Assurance and Improvement Program (QAIP).
- Conduct periodic internal quality reviews and facilitate external quality assessments as per The IIA's requirements.
Stakeholder Communication
- Build strong relationships with senior management, the Audit Committee, and external auditors by maintaining open and effective communication.
- Provide advisory services on governance, risk, and control matters without compromising the independence of the Internal Audit department.
- Address questions and concerns related to audit activities.
- Obtain feedback from the audited departments on deficient control, duplicated effort, extravagance, fraud, non-compliance with laws, regulations, and management policies review findings.
Ad-hoc Assignments
Undertake other tasks and responsibilities as assigned by the Internal Audit Director.
Job Requirements
Academic Qualifications
Bachelor's / Master's degree in Accounting, Finance, Business Administration, or related field; or
Professional Certification like CIA, CISA, CPA, ACCA, or equivalent are preferred.
Work Experience
7-10 years of experience in internal auditing, financial audit, or business process reviews, preferably in the telecommunication sector.
Skills and Expertise
Strong understanding of audit methodologies, accounting principles, and financial regulations.
- Advanced analytical and problem-solving skills.
- Excellent communication and interpersonal skills.
- Exceptional attention to detail.
- Ability to work both independently and collaboratively within a team.
- Proficiency in Microsoft Office applications, audit software tools, and data analysis.
- In-depth understanding of relevant KSA laws (specially CST or CITC regulations), IFRS, regulations, and compliance requirements.
Project Controls Director - Internal Finance
Posted 17 days ago
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When it comes to what you want in your career, if you can imagine it, you can do it at Parsons. Imagine a career working with intelligent, diverse people sharing a common quest. Imagine a workplace where you can be yourself. Where you can thrive. Where you can find your next, right now. We've got what you're looking for.
**Job Description:**
Parsons is looking for an amazingly talented **Area Project Controls Director (Internal/Finance)** to join the KSA team! Based in our head office in Riyadh **you will lead the internal project control / project accounting function and organization.**
The selected candidate develops, manages, and executes all aspects of internal project controls / project accounting function across the Area/Sector utilizing diversified knowledge of project controls / accounting processes and systems, and drawing upon broad experience and exposure to various types of projects and clients.
**What You'll Be Doing:**
+ Works with Sector/Area Manager as business partner in identifying means and methods for meeting/exceeding financial (P&L and Working Capital) metrics, increasing margins, improving cashflow, and achieving top-line growth.
+ Leads Project Controls team within the assigned sector and manages resources including staff assignments/requirements, performance reviews, training and development.
+ Leads and/or supports the delivery of various corporate requirements, including project reviews, financial reporting, business planning, forecasting, profit and loss, cash management, etc.
+ Establishes and maintains regular contact with Program Directors/Managers to ensure that their Project Controls related requirements are fulfilled.
+ As a member of the regional Project Controls leadership, participates in identifying initiatives focused on the improvement and advancement of internal project controls services and systems across the organization, and leads the implementation of those initiatives, either within the sector or across the region.
+ Performs other responsibilities associated with this role as may be required.
**What Required Qualifications & Experience You'll Bring:**
+ Bachelor's degree in Engineering and/or Finance/Commerce
+ Professional certification from a renowned international accreditation body in project management / cost management / project controls.
+ 15+ years of internal project controls / project accounting / commercial management experience, including 5+ years in a leadership / corporate role in a multinational engineering firm in the Middle East.
**What Required Skills You'll Bring:**
+ Diversified knowledge and experience in all aspects of project controls with specific focus on project accounting/cost control function including business planning, project financial management setup, budgeting, cost control, revenue recognition, earned value, billing, cash collection, financial/progress reporting, change and risk management.
+ Proven (5+ years) ability to perform in a leadership / managerial capacity both from functional and team management perspectives in a multinational engineering firm.
+ Proven ability to deliver under high pressure work environment, managing stakeholder relationships/expectations at projects/programs, area and corporate levels
+ Proven ability in executive level comms including in delivering informal and formal executive presentations, both internally and externally, on strategic view on financial and commercial issues, e.g. substantiation of a business case or presenting a solution to a complex project financial/commercial issue.
+ Incumbent must meet Parsons Project Controls Manager Certification requirements (certification is based on best industry and Parsons corporate practices in Project Controls).
Parsons equally employs representation at all job levels no matter the race, color, religion, sex (including pregnancy), national origin, age, disability or genetic information.
We truly invest and care about our employee's wellbeing and provide endless growth opportunities as the sky is the limit, so aim for the stars! Imagine next and join the Parsons quest-APPLY TODAY!
Parsons is aware of fraudulent recruitment practices. To learn more about recruitment fraud and how to report it, please refer to .
About Us
Parsons is a digitally enabled solutions provider focused on the defense, security, and infrastructure markets. With nearly 75 years of experience, Parsons is uniquely qualified to deliver cyber/converged security, technology-based intellectual property, and other innovative services to federal, regional, and local government agencies, as well as to private industrial customers worldwide.
Parsons is an equal opportunity, drug-free employer committed to diversity in the workplace. Minority/Female/Disabled/Protected Veteran/LGBTQ+.
For more about Parsons, visit parsons.com and follow us on Facebook, Twitter, LinkedIn, and YouTube.
Manager - Financial & Admin Audit
Posted today
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JOB PURPOSE:
The Audit Manager – Financial & Administration Audit oversees and manages the planning, execution, and reporting of risk-based internal audit activities across NADEC's financial and administrative functions, including finance, accounting, treasury, procurement, HR, supply chain and other support services. The role is responsible for supervising audit teams, ensuring audit quality, providing strategic insights, and advising management on control effectiveness, process improvements, and compliance with financial and administrative regulations. The Audit Manager ensures full compliance with IIA Global Audit Standards (IIA Standards), NADEC's Internal Audit Charter, and all relevant regulatory requirements, supporting continuous improvement and value creation across these functions.
KEY ACCOUNTABILITIES:
Audit Strategy, Planning & Risk Assessment
- Lead the development and update of the annual risk-based audit plan for financial and administrative operations.
- Identify, assess, and prioritize audit areas based on risks related to financial reporting, compliance, treasury, procurement, payroll, and administration.
- Define audit scope, objectives, resources, and timelines for each assignment.
- Coordinate background research, data analysis, and risk assessments to ensure comprehensive coverage.
Audit Engagement Leadership & Quality Assurance
- Oversee the execution of multiple, concurrent audit engagements, ensuring fieldwork is completed in accordance with approved programs and timelines.
- Supervise, coach, and motivate audit teams; allocate assignments based on skillsets and developmental needs.
- Review and approve audit working papers, ensuring completeness, accuracy, and compliance with department standards.
- Ensure effective use of digital audit tools, data analytics, and leading audit methodologies.
Stakeholder Management & Communication
- Serve as primary liaison with Finance, HR, Procurement, Administration, Supply Chain and other support functions during audit planning, fieldwork, and reporting.
- Facilitate audit entrance, interim, and exit meetings; communicate audit objectives, progress, and preliminary findings.
- Draft, review, and deliver comprehensive audit reports, highlighting key risks, root causes, and actionable recommendations.
- Present audit results to executive management, the Audit Committee, and other governance bodies as required.
Follow-up & Action Plan Monitoring
- Oversee the tracking and follow-up of audit recommendations, ensuring timely and effective remediation by management.
- Conduct and supervise follow-up audits to verify closure of findings.
- Maintain and report on audit recommendation status to management and the Audit Committee.
- Review and finalize Engagement "Weekly Status Update" Report in relation to the project timelines, staff utilization and overall engagement progress.
- Responsible for various Internal Audit projects beyond core function audits, this may involve collaborating with cross-functional teams to enhance audit processes and drive continuous improvement initiatives.
Professional Conduct, Ethics & Risk Culture
- Promote and uphold the highest standards of professional conduct, objectivity, and confidentiality.
- Ensure team compliance with the IIA Code of Ethics, NADEC's Internal Audit Charter, and relevant financial/administrative policies.
- Foster a culture of integrity, accountability, and continuous risk awareness across the organization.
Talent Development & Team Management
- Lead, coach, and mentor audit staff, identifying development needs and supporting training plans.
- Evaluate team performance, provide constructive feedback, and support career progression within the department.
- Facilitate knowledge sharing, on-the-job learning, and the adoption of audit best practices.
Continuous Improvement & Departmental Initiatives
- Contribute to the continuous enhancement of audit methodologies, templates, and practices.
- Participate in quality assurance and improvement programs (QAIP) and support internal/external assessments.
- Identify opportunities to increase audit efficiency and effectiveness through innovation and technology adoption.
Policy & Regulatory Compliance
- Ensure all audit activities adhere to department and organizational policies, regulatory requirements (e.g., SOCPA, ZATCA, IFRS), and applicable laws.
- Remain updated on emerging risks, regulatory changes, and sector developments relevant to financial and administrative operations.
QUALIFICATIONS, EXPERIENCE, & SKILLS:
Education and Certifications
Education:
- Bachelor's degree in accounting, Finance, Business Administration, Supply Chain or a related field.
- Master's degree or MBA is a plus.
Professional Certification:
- Certified Internal Auditor (CIA) required.
- Additional certifications such as CPA, SOCPA, CFE, CMA, Certified Supply Chain Professional (CSCP) are strong advantages.
Experience:
- Minimum 6–9 years of relevant internal/external audit or risk management experience, with at least 1 year in a supervisory/managerial role in finance, accounting, administration, or support services.
Skills
- Advanced leadership, team management, and people development abilities.
- High proficiency in Microsoft Office, ERP (e.g., SAP), audit management, and analytics tools.
- Strong financial analysis, problem-solving, and strategic thinking skills.
- Outstanding report writing, presentation, and stakeholder management capabilities.
- Strong knowledge of audit standards, control frameworks, and sector-specific risks.
- Excellent written and verbal communication skills
- Ability to manage multiple priorities and drive audit quality in a fast-paced environment.
Director - Risk Management
Posted today
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Company Description Visa is a world leader in payments and technology, with over 259 billion payments transactions flowing safely between consumers, merchants, financial institutions, and government entities in more than 200 countries and territories each year. Our mission is to connect the world through the most innovative, convenient, reliable, and secure payments network, enabling individuals, businesses, and economies to thrive while driven by a common purpose – to uplift everyone, everywhere by being the best way to pay and be paid. Make an impact with a purpose-driven industry leader. Join us today and experience Life at Visa.
Job Description
Visa’s Global Risk organization is seeking a dynamic Director to join its team and lead Digital Payment risks management across Saudi Arabia, Bahrain and Oman.
This role serves as the face of Risk with external obligation to ensure Visa’s interactions with clients, partners, merchants, regulators and other third parties on risk-related matters are well informed, effective, and collectively moving the Visa ecosystem towards a stronger state. Internally, the Risk Management Director’s obligation is to leverage their market knowledge and presence to ensure Visa’s risk related policies, programs and frameworks are aligned with current and future business demands.
The Director role provides deep insights, thought leadership and support against a broader set of risk related issues and activities, including client fraud and approval optimization, credit settlement risk, anti-money laundering, deployment of Visa’s Risk solutions, the use of third parties and deployment of emerging technologies.
The Director will serve as the risk leader and advisor to the KBO business and GCC & CEMEA Risk leadership teams and will play a vital role in shaping the risk management landscape in a rapidly growing cluster.
Reporting directly to the Senior Director, Risk, GCC, this role requires frequent collaboration with internal stakeholders across the GCC and CEMEA regions, and extensive external engagements with clients, partners, government and other payment industry stakeholders.
As an individual contributor, this role requires a highly self-motivated individual, with the skills and ability to work with a diverse set of stakeholders across the Saudi Arabia, Bahrain and Oman cluster.
Five core principles provide a foundation for our work in Risk Management:
Market Knowledge: Maintain a heightened awareness of the country or regional business environment, the payment system and other risks to clients operating in each market, and the past and present tactics being deployed to mitigate these risks.
Business Alignment: Align Visa’s risk-related objectives and activities with Visa’s business goals in the same area in order to maximize long-term growth.
Relationship Management: Engage key stakeholders (clients, partners, law enforcement, government and others) to secure support for Visa’s goals and address identified risks.
Thought Leadership: Differentiate Visa by demonstrating thought leadership to payment system stakeholders on risk issues, pulling from local, regional, and global sources. As a Risk Vanguard within the cluster work with Risk to identify new & novel methods used by criminals to target clients or stakeholders and build customized and innovative risk offerings by aligning with internal stakeholders to disrupt emerging fraud & security vulnerabilities affecting the Payments Industry
Communication: Ensure strong communication and provide marketplace feedback around Visa’s risk related programs and policies, and other activities
Key Responsibilities:
Ecosystem Risk Management: Maintain a heightened awareness of the country or regional business environment, payment systems, and other risks to clients operating in each market. Stay informed about past and present tactics used to mitigate these risks. Monitor local risk-related trends and developments, such as fraud schemes, regulatory changes, and key developments required to enhance the risk profile of partners and clients as well as Visa’s risk posture. Take the lead in protecting the payment ecosystem by proactively managing Visa’s Ecosystem Integrity programs with internal and external stakeholders.
Business Alignment: Align Visa’s risk-related objectives and activities with Visa’s business goals in the region to optimize long-term growth and ensure that risk management strategies support and enhance the overall business strategy.
Risk Relationship Management: Engage key stakeholders, including clients, law enforcement, government, and other relevant entities, to secure support for Visa’s goals and address identified risks. Be the primary Visa risk expert advisor to key clients in the market. Drive customized risk engagements and provide focus to key clients, fintechs, merchants, and emerging payment stakeholders. Develop and execute a client engagement plan and materials to help clients optimize fraud performance, determine the type and frequency of engagements.
Thought Leadership: Differentiate Visa by demonstrating thought leadership on risk issues to payment system stakeholders. Participate in and orchestrate industry forums (e.g., clients, law enforcement, regulators, industry participants), and consumer awareness campaigns of payment system stakeholders to drive greater awareness and support for Visa’s payment system risk strategy. Be the point of reference in all risk-related engagement with regulatory and industry bodies. Differentiate Visa as a digital payments leader by providing clients and other stakeholders with value-added insights, best practices, conducting onsite market fraud prevention seminars (or webinars), and educational materials.
Communication: Ensure effective communication and provide marketplace feedback regarding Visa’s risk-related programs, policies, and other activities. Maintain transparency and keep all relevant parties informed about risk management initiatives and outcomes.
This is a hybrid position. Expectation of days in office will be confirmed by your Hiring Manager.
Qualifications
- Has led underwriting operations for SME, Retail or corporate lending for a large Financial Institution for a minimum of 3 years, taking accountability for application processing and credit decisioning functions
- Led the underwriting of merchants for a large acquirer including client risk assessment and due diligence, onboarding
- Strong understanding of and experience managing acquiring risk with hands-on experience improving the acquiring risk posture of an entity.
- Experience in managing fraud risk, transaction monitoring operations, application fraud assessment, and suspicious transaction review.
- Good understanding of Anti-Money Laundering policies and operational processes
- Assessed impact of regulation on business or operations, responsible for responding to regulatory requirements, and participated or led responses to regulatory supervision or scrutiny.
- Experience with maximizing portfolio performance within the confines of local regulation.
Required
- Master’s degree required with 10+ years of progressive risk management experience working in the payment services or financial industry
- Strong understanding of the inter-dependency between Credit, Operational, Strategic and Cybersecurity Risks
- Understanding of current and emerging payment system risk trends across Middle East & Africa
- Ability to influence at senior levels both internally and externally.
- Excellent written, oral and presentation skills and an ability to synthesize complex and technical information into clear recommendations on course of action.
- Detail orientation and strong analytical skills, willingness to offer thought leadership, to think creatively, and to offer new ways to approach old problems
- Flexibility and ability to think creatively and to identify new ways to approach old problems.
- Ability to identify and pursue multiple initiatives simultaneously and deliver superior results.
- Exceptional project management and reporting skills. Strong proficiency with project management tools (i.e. Microsoft Project, Visio, PowerPoint). Proven ability to prioritize deliverables and projects to meet timelines efficiently, to adapt to changes in priorities quickly and manage multiple initiatives simultaneously to drive projects to completion and deliver quality materials under tight deadlines
- Experience determining when to escalate to management and identifying the right stakeholders for decision making
- Excellent collaboration and communications skills with experience in influencing, communicating and driving change through cross-functional groups, including the ability to diplomatically build consensus across disparate views
- Positive, proactive, solution-oriented problem solver who gets things done within a matrix organization
- Experience in preparing, and reviewing, and delivering (concise) executive level communications
Additional Information
Visa is an EEO Employer. Qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability or protected veteran status. Visa will also consider for employment qualified applicants with criminal histories in a manner consistent with EEOC guidelines and applicable local law.
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Risk Management Specialist
Posted 1 day ago
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Overview
Title: Risk Management Specialist
Requisition ID: 5363
Complex: President Complex
Department: Risk Management
Division/Section: Credit & Investment Risk
Country: Saudi Arabia
Location: Jeddah, Kingdom of Saudi Arabia
Job Grade: E2
Contract Type: Fixed Term
Closing Date: 14-Oct-2025
Job PurposeIn collaboration with the Lead/Senior Specialist, the role supports the Bank’s strategic objective of maintaining a sound and resilient portfolio by undertaking independent risk assessment of sovereign, financial institutions (FIs), sukuk investments, and investments in equity and funds. The role also requires participation in developing and updating risk assessment policies and guidelines and monitoring their effective implementation. This role is further responsible for monitoring and reporting on changes in risk profile of the sovereign and FI counterparts and also ensuring that the Bank’s internal rating models are kept updated with the latest market & macro-economic data.
Key Accountabilities- Credit and Investment Risk Assessment: Undertake risk review of sukuk investment proposals reflecting transaction structure, credit risk, comparable yields, compliance with limits and the liquidity management policies and guidelines.
- Undertake risk assessment of financial institutions including initiating the internal rating using the applicable model; and also calculating the initial limits in compliance with the guidelines.
- Prepare financial institutions risk assessment notes for trade finance exposure addressing strengths and weaknesses in asset quality, capital adequacy, liquidity, profitability and corporate governance.
- Initiate the internal rating estimation for sovereign obligors using the Bank’s approved sovereign rating model and guidelines.
- Participate in the risk review of proposals for investments in equity and funds.
- Participate in developing and updating credit and investment risk management framework including risk assessment guidelines for financial institutions, project and corporate finance, country risk and investments in equity and funds.
- Monitor regularly the movement in the risk profile of the sovereign and FI counterparts in terms of changes in ratings and economic profiles and prepare reports highlighting the changes and the underlying key drivers.
- Participate in Users Acceptance Test (UAT) for any update and change related to internal rating models.
- Support the senior team members in updating the Loss Given Default Models (LGD) for Country Risk & Financial Institutions.
- Update regularly the ratings of the banks and financial institutions acceptable for placement of IsDB liquid funds.
- Monitor the effective implementation and adherence to respective risk management policies and guidelines.
- Keep abreast of the latest developments, regulations and leading practices in the field of credit and investment risk management.
- Contribute to the preparation of the annual work plan and financial budget for the Credit & Investment Risk Division and monitor actual expenditure against the approved budget, including support of risk reporting requirements.
- Bachelor's degree in Economics / Finance / Risk Management / Mathematics / Business Administration or related discipline. Master’s Degree is preferable.
- Professional certifications like CFA/PRM/FRM/CQF or equivalent is preferred.
- Minimum 5 years of relevant experience in Credit Risk management. Experience of Credit Risk management in a multilateral development bank is highly preferable.
- Languages: English: Mandatory | Arabic: Preferred | French: Preferred
- Risk Rating Systems (PD & LGD Models).
- Database Management for Credit Risk Systems
- Risk Assessment skills.
- Asset Valuation Techniques.
- Credit Risk Management.
- Credit Risk Evaluation.
- Governance, Risk and Control.
- Analytical Thinking.
- Problem Solving
If you meet the criteria and you are enthusiastic about the role, we would welcome your application. To complete the application you would need the following document(s):
- Resume/CV
- Copy of passport
- Academic certificate
If you are currently an IsDB Regular staff applying for this role and get selected through the competitive selection process; your current contract type and other terms and conditions will remain unchanged.
The Islamic Development Bank (IsDB) does not ask for payments of any kind from applicants throughout the recruitment process (job application, CV review, interview meeting, and final processing of applications). In addition, the IsDB does not request information on applicants’ bank accounts. The IsDB declines all responsibility for the fraudulent publications of job posts or job offers in its name or, in general, for the fraudulent use of its name in any way whatsoever.
#J-18808-LjbffrRisk Management Analyst
Posted 1 day ago
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About the role:
The Risk Management Analyst will support the Risk Manager in developing, implementing, and maintaining effective risk management strategies that protect the organization from potential threats and vulnerabilities. This role requires a detail-oriented and analytical thinker who can conduct risk assessments, assist in compliance monitoring, and support business continuity planning.
The Risk Management Analyst will work closely with various departments to gather risk-related information, provide insights for decision-making, and ensure alignment with regulatory requirements and organizational goals. The ideal candidate will have experience in risk management processes, data analysis, and reporting, contributing to the continuous improvement of the organization's risk management practices.
- Department
- Risk Management
- Employment Type
- Full Time
- Location
- KSA
- Workplace type
- Onsite
- Reporting To
- Ahmed Almughriyah
1. Assist in Risk Management Processes
- Support the Risk Manager in identifying, assessing, and mitigating risks across the organization.
- Assist in the development and implementation of risk management strategies and frameworks.
2. Conduct Risk Assessments
- Perform risk assessments to evaluate potential risks and vulnerabilities.
- Assist in developing risk mitigation plans and strategies.
3. Compliance Monitoring
- Ensure compliance with relevant regulations and industry standards.
- Assist in preparing compliance reports and maintaining documentation for audits.
4. Data Analysis and Reporting
- Analyze risk data and generate reports to support decision-making processes.
- Monitor key risk indicators and prepare regular reports for senior management.
5. Support Business Continuity Planning
- Assist in the development and maintenance of Business Continuity Plans (BCPs) and Disaster Recovery Plans (DRPs).
- Participate in BCP and DRP testing and updates.
6. Collaboration and Communication
- Collaborate with various departments to gather risk-related information and ensure alignment on risk management objectives.
- Communicate risk findings and recommendations to relevant stakeholders.
7. Continuous Improvement
- Contribute to the continuous improvement of risk management processes and practices.
- Stay updated on emerging risks and industry trends to provide timely insights.
- At least 3 years of experience in risk management or a related field.
- Experience in conducting risk assessments and developing risk mitigation strategies.
Skills and Competencies
- Strong analytical skills with the ability to interpret complex data.
- Excellent communication and interpersonal skills.
- Proficiency in risk management tools and software.
- Ability to work collaboratively in a team-oriented environment.
- Detail-oriented with strong organizational skills.
Technical Expertise
- Familiarity with risk management frameworks such as ISO 31000 or COSO ERM.
- Understanding of compliance requirements and industry regulations.
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About TweeqTweeq is a Saudi fintech on a mission to reshape how people manage their money. Now part of Tabby, the largest BNPL provider in the Middle East, we’re building the next generation of financial products for the Kingdom. From payments to everyday money management, our goal is to make financial services faster, smarter and more accessible for everyone in Saudi Arabia.
Our Hiring Process
Stage 4:
Technical interview @Tabby
Stage 5:
Assessment
Stage 6:
Final interview @Tabby
Stage 7:
Hired
Stage 1:
Applied
Stage 2:
Review
Stage 3:
HR call @Tabby
Stage 4:
Technical interview @Tabby
Stage 5:
Assessment
Stage 6:
Final interview @Tabby
Stage 7:
Hired
Stage 1:
Applied
Stage 2:
Review
Stage 3:
HR call @Tabby
Stage 4:
Technical interview @Tabby
Stage 5:
Assessment
Stage 6:
Final interview @Tabby
Stage 7:
Hired
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Register Your Interest #J-18808-LjbffrRisk Management Supervisor
Posted 2 days ago
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Job Description
Overview
We are seeking an experienced Legal GRC Risk Supervisor who will be a key member of the GRC team, responsible for overseeing the organization's enterprise risk management (ERM) program. This role involves proactive identification, assessment, and mitigation of risks across all business units. The supervisor will lead a team of risk analysts, conduct in-depth risk analyses, and prepare comprehensive reports for management to support strategic decision-making and ensure the organization's resilience.
Responsibilities- Risk Identification & Assessment: Supervise the process of identifying potential risks, including operational, financial, strategic, and reputational threats. Conduct quantitative and qualitative risk assessments to determine the probability and potential impact of identified risks.
- Risk Mitigation & Monitoring: Develop and implement effective risk mitigation strategies and internal controls to reduce exposure. Track and monitor the status of key risks and the effectiveness of control measures.
- Risk Reporting & Communication: Maintain and manage the corporate risk register , ensuring all information is accurate and up-to-date. Prepare and present regular risk reports to senior management, highlighting top risks and trends.
- Team Leadership: Lead, mentor, and provide guidance to a team of risk analysts. Assign tasks, manage project timelines, and ensure the team meets its objectives efficiently.
- Education: Bachelor's degree in a relevant field such as Business, Law, Finance, or a related discipline.
- Experience: Proven experience in a risk management, GRC, or internal audit role. Prior experience in a supervisory or leadership position is essential.
- Skills & Competencies: Strong analytical and problem-solving skills, with a deep understanding of risk management principles and methodologies (e.g., ISO 31000, COSO ERM).
- Certifications (Preferred): CRISC (Certified in Risk and Information Systems Control) or FRM (Financial Risk Manager).
- 5+ years of experience in Governance, Corporate Affairs, or Legal/Compliance.
- Strong knowledge of governance codes, corporate laws, and regulatory frameworks.
- Experience supporting Boards, Committees, or corporate secretarial functions.
- Excellent communication, drafting, and organizational skills.
- Bilingual (Arabic & English) preferred in GCC context.
- Mid-Senior level
- Full-time
- Legal
- Retail