Internal Audit Quality Assurance Specialist

Overview

The Internal Audit Quality Assurance Specialist is responsible for conducting comprehensive quality assessments of Riyad Bank's Internal Audit operations. This role ensures adherence to professional auditing standards and ethics as outlined by the Institute of Internal Auditors (IIA). Additionally, the specialist reviews the Internal Audit methodology and templates periodically to maintain a strong and effective internal audit practice within the bank.

Key Responsibilities

• Support development and enhancement of departmental policies and procedures, advising Internal Audit section leaders to align practices with IIA standards, ethical codes, and industry benchmarks.
• Execute quality assurance reviews of daily internal audit operations to verify that processes are correctly implemented and comply with established guidelines.
• Conduct quality evaluations across all facets of the Internal Audit function, including preparing and delivering the Quality Assurance and Improvement Program (QAIP) to the Board Audit Committee (BAC).
• Serve as a liaison for the mandated External Quality Assurance Review (QAR) by the IIA and perform ongoing and periodic internal quality assessments to ensure compliance with QAIP protocols.
• Identify and address the needs of Internal Audit leadership to facilitate delivery of high-quality audits and enhance team capabilities through workshops and training sessions.
• Represent the Internal Audit Division externally in formal and informal forums, benchmarking Riyad Bank's audit functions against peers nationally and internationally.
• Develop and review division mission, goals, and KPIs to align with Riyad Bank’s overarching strategy, monitoring audit plan effectiveness and timeliness.
• Prepare Management Information System (MIS) reports including financial and non-financial data to support strategic decisions.
• Promote continuous professional development and suggest systemic improvements to enhance efficiency, reduce costs, and align with international best practices.
• Perform additional related duties as assigned and coordinate with external auditors, consultants, and regulatory bodies such as SAMA when necessary.

Qualifications and Experience

• Bachelor’s degree in Accounting, Business, or a related field.
• Professional audit certifications like CIA or an equivalent qualification are preferred.
• Minimum of 5 to 7 years experience in banking audit functions.
• Fluency in Arabic (native) and advanced proficiency in English.