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86 Internal Audits jobs in Saudi Arabia

Manager – Financial Audit

SAR90000 - SAR120000 Y King Salman International Airport Development Company

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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.
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Financial Audit Manager

SAR90000 - SAR120000 Y confidential

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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
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Business and Financial Audit Manager

SAR90000 - SAR120000 Y NourNet

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Job Description

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.

  1. Skills and Expertise

  2. Strong understanding of audit methodologies, accounting principles, and financial regulations.

  3. Advanced analytical and problem-solving skills.
  4. Excellent communication and interpersonal skills.
  5. Exceptional attention to detail.
  6. Ability to work both independently and collaboratively within a team.
  7. Proficiency in Microsoft Office applications, audit software tools, and data analysis.
  8. In-depth understanding of relevant KSA laws (specially CST or CITC regulations), IFRS, regulations, and compliance requirements.
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Project Controls Director - Internal Finance

Riyadh, Riyadh Parsons Corporation

Posted 9 days ago

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Job Description

In a world of possibilities, pursue one with endless opportunities. Imagine Next!
At Parsons, you can imagine a career where you thrive, work with exceptional people, and be yourself. Guided by our leadership vision of valuing people, embracing agility, and fostering growth, we cultivate an innovative culture that empowers you to achieve your full potential. Unleash your talent and redefine what's possible.
**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.
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Manager - Financial & Admin Audit

SAR120000 - SAR240000 Y NADEC Foods

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Job Description

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.
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Risk Management Supervisor

Bechtel Oil, Gas & Chemicals Incorporated

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Job Description

This position is a seconded position to the Royal Commission Crisis and Disaster Management Department. The role will be dependent on the need of the Royal Commission into the future.

Major Responsibilities:

The person appointed will work within the Crisis & Disaster Management Department (CDMD).

  • The role is to provide technical Risk Management (RM) expertise, advice and guidance to the Royal Commission RM Section.
  • The purpose of the Section is to implement a RM strategy and structure across Royal Commission Jubail (RCJ) and Royal Commission Ras-Al-Khair (RC RIC).
  • Within that role the following tasks will be expected to be delivered:
  • Oversee the coordination and development of organization wide risk management plans.
  • Provide detailed advice on risk management best practice to the whole organization from Departments to the C-Suite.
  • Lead in the implementation of a Risk management system across 2 major organisations.
  • Developing risk management frameworks. Review and enhance existing risk management systems, ensuring compliance with local and national regulatory requirements.
  • Tracking metrics: Define and report on key risk indicators and performance measures to highlight emerging issues and trends.
  • Engaging stakeholders: Act as a trusted advisor, providing training and fostering accountability across teams.
  • Assist in obtaining ISO 31000 certification for RCJ. Assist in maintaining ISO 31000 certification for RC RIC.
  • Develop and deliver training materials and presentations to internal and external groups.
  • Reporting capability: Demonstrated experience creating tools, frameworks, and dashboards.
  • Leads risk mitigation and response protocols according to the latest trends and best practices if faced with a crisis.
  • Engages in continuous personal learning and development that enhances individual performance and organization capabilities.
Education and Experience Requirements:
  • Bachelor’s degree in business or related field with 10-13 of relevant experience or 14-17 years of relevant work experience.
  • Experience in operational Risk Management essential. Ideally in the context of a large diverse organization.
  • Extensive knowledge across the following resilience fields: Business Continuity and Crisis Management.
  • Experience in planning and program management.
  • Skill in oral and written communication. Fluency in English Language mandatory.
  • Ability to provide strong, active leadership to adopt and enforce a consistent approach that nurtures a culture of quality, creativity, innovation and empowerment.
  • Emotionally mature and intelligent with ability to train, coach and develop direct reports, peers and colleagues.
  • Able to work in a culturally diverse environment.
Required Knowledge and Skills:
  • Knowledge of industry/ regulatory codes and standards.
  • Experience with risk assessment and risk management. Ability to manage a large number of Risk Registers.
  • Familiarity with ISO 31000 certification process.
  • Familiarity with emergency evacuation and shelter plans, crisis communications procedures and business continuity management.
  • Experience working in KSA or Middle East, preferable.
  • Successful implementation of mentoring programs for young career minded professional.
  • Hands-on approach, solution and delivery oriented.

For decades, Bechtel has worked to inspire the next generation of employees and beyond! Because our teams face some of the world's toughest challenges, we offer robust benefits to ensure our people thrive. Whether it is advancing careers, delivering programs to enhance our culture, or providing time to recharge, Bechtel has the benefits to build a legacy of sustainable growth. Learn more at Bechtel Total Rewards

Diverse teams build the extraordinary:

As a global company, Bechtel has long been home to a vibrant multitude of nationalities, cultures, ethnicities, and life experiences. This diversity has made us a more trusted partner, more effective problem solvers and innovators, and a more attractive destination for leading talent.

We are committed to being a company where every colleague feels that they belong-where colleagues feel part of "One Team," respected and rewarded for what they bring, supported in pursuing their goals, invested in our values and purpose, and treated equitably. Click here to learn more about the people who power our legacy.

Bechtel is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity and expression, age, national origin, disability, citizenship status (except as authorized by law), protected veteran status, genetic information, and any other characteristic protected by federal, state or local law. Applicants with a disability, who require a reasonable accommodation for any part of the application or hiring process, may e-mail their request to

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Risk Management Analyst

SAR60000 - SAR180000 Y Tabby | تابي

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Job Description

Department:
Risk Management

Employment Type:
Full Time

Location:
KSA

Reporting To:
Ahmed Almughriyah

Description
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.

Key Responsibilities

  • 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.
  • Conduct Risk Assessments
  • Perform risk assessments to evaluate potential risks and vulnerabilities.
  • Assist in developing risk mitigation plans and strategies.
  • Compliance Monitoring
  • Ensure compliance with relevant regulations and industry standards.
  • Assist in preparing compliance reports and maintaining documentation for audits.
  • 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.
  • 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.
  • 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.
  • 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.

Skills, Knowledge & Expertise

  • 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.

Job Benefits

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Risk Management Supervisor

SAR90000 - SAR120000 Y confidential

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Job Description

We are seeking an experience
Legal GRC Risk Supervisor
that he will be a key member of the GRC team, responsible for overseeing the organization's
enterprise risk management (ERM)
program. This role involves the 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.

Key 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.

Qualifications and Skills

  • 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.
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Risk Management Specialist

SAR120000 - SAR240000 Y Islamic Development Bank (IsDB)

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Job Description

Title: Risk Management Specialist

Requisition ID: 5363

Overview
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 Purpose
In 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.

Operational Excellence

  • 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.

Academic And Professional Qualifications

  • 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

Skills & Necessary Knowledge

  • 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

About Application Process
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.

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