Head of Internal Audit
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Key skills for this role
About the Role
Allied Cooperative Insurance Group (ACIG) is seeking an experienced Head of Internal Audit to lead the internal audit function, providing independent assurance on governance, risk management, and internal controls.
Key Skills for This Role
Responsibilities
- Develop and execute the annual risk based internal audit plan
- Lead operational, financial, IT, and compliance audits across the organization
- Evaluate the effectiveness of governance, risk management, and internal control frameworks
- Report significant audit findings and recommendations to the Audit Committee and executive management
- Monitor the implementation of audit recommendations and corrective action plans
- Assess emerging risks and recommend improvements to internal controls and business processes
- Coordinate with external auditors, regulators, and other assurance providers
- Ensure compliance with International Standards for the Professional Practice of Internal Auditing (IIA Standards)
- Prepare periodic audit reports, dashboards, and Board papers
- Lead, mentor, and develop the Internal Audit team while promoting a culture of integrity and continuous improvement
Requirements
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field
- Professional certification such as CIA, CPA, ACCA, SOCPA, or equivalent preferred
- Minimum of 10+ years of experience in internal or external audit, with at least 5 years in a leadership role
- Experience within the insurance or financial services industry is highly preferred
- Strong knowledge of corporate governance, enterprise risk management, internal controls, and regulatory requirements
- Familiarity with Saudi Insurance Authority regulations is an advantage
Full Job Posting
About the Role
- The Head of Internal Audit is responsible for establishing and leading a risk based internal audit function that delivers independent assurance to the Board Audit Committee and executive management. The role plays a key part in strengthening governance, improving operational efficiency, and ensuring
Key Responsibilities
- Develop and execute the annual risk based internal audit plan.
- Lead operational, financial, IT, and compliance audits across the organization.
- Evaluate the effectiveness of governance, risk management, and internal control frameworks.
- Report significant audit findings and recommendations to the Audit Committee and executive management.
- Monitor the implementation of audit recommendations and corrective action plans.
- Assess emerging risks and recommend improvements to internal controls and business processes.
- Coordinate with external auditors, regulators, and other assurance providers.
- Ensure compliance with International Standards for the Professional Practice of Internal Auditing (IIA Standards).
- Prepare periodic audit reports, dashboards, and Board papers.
- Lead, mentor, and develop the Internal Audit team while promoting a culture of integrity and continuous improvement.
Qualifications & Experience
- Bachelor’s degree in Accounting, Finance, Business Administration, or a related field.
- Professional certification such as CIA, CPA, ACCA, SOCPA, or equivalent is preferred.
- Minimum of 10+ years of experience in internal or external audit, with at least 5 years in a leadership role.
- Experience within the insurance or financial services industry is highly preferred.
- Strong knowledge of corporate governance, enterprise risk management, internal controls, and regulatory requirements.
- Familiarity with Saudi Insurance Authority regulations is an advantage.
Key Competencies
- Strategic Leadership
- Governance & Risk Management
- Audit & Internal Controls
- Analytical Thinking
- Decision Making
- Integrity & Professional Ethics
- Stakeholder Management
- Communication & Influencing
- Problem Solving
- Results Orientation
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