Director - Internal Audit - BFSI Sector

AD/Director Internal Audit - BFSI sector

Location: Riyadh

Experience: 12 to 22 Years

MANDATORY Requirements:

1. At least 12+ years overall experience in the Management Consulting/ Financial Services Industry, preferably in internal audit.
2. Minimum 7 years of recent experience in Internal Audit/ Risk Advisory firms in the Financial Services domain.
3. Ideally, a CA / MBA (from a top-tier business school) with a commerce/ CFA/ FRM/ PRM background and with a strong Financial Services Industry focus would be preferred.
4. MUST have experience with the Big 4 / Big 8 Consulting firms with Client-facing role.
5. Must be managing only Financial services clients (Banks, Insurance / BFSI clients).
6. Primary experience in the Middle East/ Saudi Arabia market.
7. Experience in managing P&L, Business development, and delivery.

Qualifications:

1. MBA/CA/CIA/SEMI/CISA/SEMI/CFA/undergraduate in a quantitative discipline (preferably engineering, mathematics, statistics) or Post Graduation in any of the above-mentioned areas including data and analysis, PHD or Doctorate in Risk management or MBA from global or reputed B school with less experience.
2. Risk Management function or Line Business of a commercial bank, investment bank, NBFC Shadow bank or an insurance firm (credit, market, operational and ALM).

Additional Information:

Required Skillsets:

1. In-depth understanding of Internal Audit and Risk Management concepts and corresponding experience in FS entities such as Banks, Shadow banks, Investment Banks, Asset Management Companies, Capital Markets, Payment and Fintech, Insurance etc.
2. Deep Understanding On:
1. Internal Audit, Next Gen. IA, QAR
2. SOX, IFC, ICFR testing
3. Controls Designing to Monitoring
4. COSO 2013 - COSO ERM
5. RCMs/ RCSA development and testing
6. Corporate Governance

Business Processes:

1. Excellence Enhancement, Optimization, and Implementation
2. Enterprise Risk (ERM), Operational Risk (ORM)
3. KYC and AML
4. Regulatory Remediation/ Compliance
5. Third-Party Risk/Outsourcing Risk
6. Credit Risk
7. Insider/Personal Trading Compliance
8. Compliance Framework
9. Business Strategies
10. Digital Transformation and Automation
11. Global / Large Delivery Set-up / COE
12. GRC Framework
13. ITGC
14. Team management

About the Position: This is a challenging opportunity for the role of Associate Director / Director level in our Financial Services' Internal Audit and Financial Services Area for the Middle East Region. This leadership role with 30 - 40 team members is client-facing with the responsibility of identifying, assessing, and monitoring risks, and observations by developing an end-to-end plan and project strategy and coming out with the quality outcome.

Key Responsibilities:

1. Building client relationships and active marketing efforts (a good networking capability is a pre-requisite).
2. Prospecting for new business by using the client relationships, getting an active handle on regulations to drive business opportunities on a pro-active basis.
3. Managing the portion of books/clients with Director or Managing director which includes support in business development, account management, effective quality delivery, managing the project delivery and quality etc.
4. Building a thought leadership position by creating contemporary articles on Banking or by being a speaker at leadership forums on contemporary Banking topics.
5. Recruiting bright/talented individuals who can adapt to the rigors of consulting and creating a good execution capability in the practice.
6. Delivering expected profitability from the practice by placing a sharp focus on the utilization of the staff and the recovery of the projects.
7. Interacting with multiple Advisory practices to develop cross-selling opportunities, and upsell the Firm's branding.