About the job
Job Title: Head of Audit
Location: Riyadh
Department: Audit –
Company: Government-linked Real Estate Developer
Reports To: Chief Executive Officer (CEO) and Chief Finance Officer (CFO)
SAUDI NATIONALS ONLY
Job Summary
MRG has been retained to source an experienced and strategic Head of Audit to lead the internal audit function for a government-linked Real Estate Developer in Saudi Arabia. This role will be responsible for developing and executing a comprehensive audit strategy, ensuring robust risk management, strong internal controls, and regulatory compliance. The ideal candidate will bring extensive experience in audit leadership, a deep understanding of risk and governance, and a proven track record of driving continuous process improvements.
Key Responsibilities
Strategic Leadership:
- Develop and implement a comprehensive audit strategy aligned with the company’s overall objectives and risk management framework.
- Collaborate with senior leadership to integrate audit insights into strategic decision-making.
- Drive continuous improvement initiatives by adopting industry best practices and emerging audit methodologies.
Audit Planning & Execution:
- Oversee the development and execution of a risk-based audit plan covering financial, operational, and IT systems.
- Ensure the effective execution of all audit engagements from planning through to reporting and follow-up on corrective actions.
- Maintain comprehensive audit documentation and ensure adherence to internal policies and regulatory standards.
Risk Management & Compliance:
- Identify, assess, and monitor potential risks across the organization, ensuring effective control measures are in place.
- Lead in-depth investigations into audit findings and recommend practical solutions for process improvements.
- Ensure compliance with local and international regulations, internal control frameworks, and professional audit guidelines.
Team Development:
- Build, lead, and mentor a high-performing audit team, fostering a culture of integrity, accountability, and continuous learning.
- Provide regular training and development opportunities to keep the team updated with the latest audit techniques and regulatory changes.
- Set clear performance objectives and monitor progress, ensuring each team member achieves their full potential.
Technology and Innovation:
- Identify and implement advanced audit tools and digital solutions to enhance audit efficiency and effectiveness.
- Leverage data analytics and automation to streamline audit processes and improve risk assessments.
- Stay informed on industry trends and technological advancements to maintain a competitive edge in audit practices.
Stakeholder Engagement:
- Act as a trusted advisor to the CEO, CFO, and senior management by providing insightful audit findings and recommendations.
- Effectively communicate audit outcomes to stakeholders, ensuring clarity and actionable insights.
- Coordinate with external auditors and regulatory bodies to facilitate audits and resolve compliance issues.
Qualifications and Experience:
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field; an MBA or equivalent advanced degree is preferred.
- Minimum of 20 years of experience in audit, risk management, or internal controls, with at least 7 years in a leadership role, preferably within the real estate industry.
- Proven track record in driving audit transformation, managing cross-functional teams, and implementing robust internal control frameworks.
- Candidates must be Saudi Arabian nationals.
Skills and Competencies:
- Strategic thinking and strong analytical problem-solving skills.
- Exceptional leadership and team-building abilities with a focus on continuous improvement.
- Excellent communication, negotiation, and stakeholder management skills.
- In-depth knowledge of regulatory and compliance requirements in the real estate industry.
- Proficiency in modern audit technology solutions, data analytics, and process automation tools.
Expressions of interest to Nicky Harrison II nicky.harrison@mrgglobal.com