Job Purpose/Role:
To perform day-to-day internal auditing of Riyad Bank internal controls and business practices by providing inputs to and participation in all phases (planning, execution, reporting and closure) of assignments in order to safeguard Riyad Bank internal controls through the implementation of proper internal audit programs.
AREAS OF RESPONSIBILITY:
Policies, Processes & Procedures:Implements approved departmental policies, processes, procedures and provides instructions to team members and monitors their adherence so that work is carried out in a controlled manner (if applicable)
Audit Plans & Programs In conjunction with the Heads of the various Audit units, provides inputs on the implementation of the audit plans to assess the level of adherence to Riyad Bank’s policies and procedures and identify risks and the appropriate tools to control them In conjunction with the Heads of the various Audit units plans the execution and the provision of a professional auditing service and internal control risk assessment through implementing the approved audit plans and programs and coordinating with audited functions within Riyad Bank
Audit Execution & Follow-UpConducts interviews with the audited business functions to identify and understand all aspects of internal controls, procedures, policies and practices Performs audit assignments on various functions and activities of the bank to identify areas of risk and assess the reliability of internal control measures as well as ensure adherence to Riyad Bank’s policies and procedures, so that operational efficiency and protection is maximized Carries out investigations and detects any possible fraudulent activities proactively or reactively to ensure that any suspected fraudulent activities are identified, rectified and appropriate course of action is taken against any fraudulent activities in a timely and cost-effective manner Ensures that bank’s practices, products, businesses and operations are in compliance with Sharia rulings issued by bank’s Sharia Committee and regulatory requirement Prepares audit findings including list of risks, likelihood of risks and their impact for both inherent and residual risk In conjunction with the Heads of the various Audit units reviews audit results with BUs and liaison with Risk, Legal and Compliance to coordinate on the identified audit observations and actions when necessary in order to reduce risks and vulnerabilities Assists the Heads of the various Audit units in providing informed and independent opinions to the audited parties, head of internal audit, and the Audit committee on compliance with internal policies and guidelines Performs special ‘ad hoc’ assignments as directed by the Heads of the various Audit units in order to investigate specific situations or incidents Maintains regular follow up with the different business units / functions in order to have maximum adherence to the audit recommendations
Qualifications & Experience:Minimum Qualifications:Bachelor’s degree in computer science, Information technology Professional certification such as CIA, CISA or equivalent preferred Minimum Experience:4-9 years relevant experience Language:English: Advanced