Summary
Bank AlJazira is hiring a Head of Audit Section in Riyadh to lead independent audit coverage of Wholesale Banking, Corporate Banking, Treasury, Financial Markets, and related functions. The role develops and delivers a risk-based audit plan, assesses governance, controls and risk management, and monitors remediation of audit findings. It also presents reports and strategic recommendations to executive management and the Audit Committee, and leads and develops the audit team. Applicants should have 12–15+ years of banking internal audit experience, including 5 years in senior leadership, and a relevant bachelor's degree; professional certifications such as CIA, CPA, ACCA, CISA or CFA are highly desirable.
The posting
As published on baj.com.sa. Pulled from the employer's site and shown as they wrote it.
Lead the Wholesale Banking Audit function by providing independent assurance over the effectiveness of governance, risk management, and internal controls across Wholesale Banking, Corporate Banking, Treasury, Financial Markets, and related support functions. The role is responsible for delivering a risk-based audit plan, evaluating emerging risks, ensuring compliance with regulatory requirements, and providing strategic insight to Executive Management and the Audit Committee.
Key Responsibilities
- Develop and execute the annual risk-based audit plan for Wholesale Banking and Treasury.
- Lead audits covering Corporate Banking, Commercial Banking, Credit, Treasury, Financial Markets, Trade Finance, Cash Management, Financial Institutions, and Investment Banking activities.
- Assess the adequacy and effectiveness of governance, internal controls, and risk management practices.
- Evaluate Wholesale Banking credit lifecycle controls, including origination, underwriting, approval, portfolio management, monitoring, and remediation.
- Review Treasury activities including liquidity management, market risk, asset and liability management (ALM), foreign exchange, investments, and capital markets.
- Assess compliance with SAMA regulations, Basel requirements, internal policies, and applicable banking regulations.
- Present audit reports, key risks, and recommendations to Executive Management and the Audit Committee.
- Monitor remediation of audit findings and ensure timely implementation of corrective actions.
- Identify emerging risks and recommend improvements to strengthen governance and control frameworks.
- Lead, coach, and develop the Wholesale Audit team while promoting continuous improvement and audit quality.
- Coordinate with regulators, external auditors, and other assurance functions to ensure effective audit coverage.