Job Description: EVP Audit Executive / Chief Internal Officer
Position Title: EVP Audit Executive / Chief Internal Officer
Location: Riyadh, Saudi Arabia
Sector: Renewable Energy
Position Overview:
The Chief Internal Audit (CIA) will serve as the executive leader responsible for establishing and overseeing a strategic audit function in the renewable energy sector. Reporting to the Board Audit Committee and the CEO, this role will drive a risk-based approach to auditing, promote robust internal controls, and ensure compliance with regulatory requirements. The CIA will provide key insights for enhancing operational efficiency, improving processes, and supporting the organization's commitment to environmental sustainability and financial integrity.
Key Responsibilities:
- Audit Strategy and Planning:
- Develop and implement an audit strategy aligned with the organization's objectives and the unique challenges of the renewable energy sector.
- Lead the annual audit planning process based on risk assessments, industry regulations, and organizational needs.
- Foster collaboration with the Board Audit Committee to define the scope, objectives, and focus areas of internal audits.
- Internal Control and Risk Management:
- Establish a robust internal control environment that supports business growth, protects assets, and enhances operational effectiveness.
- Identify, assess, and prioritize risks associated with renewable energy operations, including environmental, regulatory, financial, and technological risks.
- Advise senior management on risk mitigation strategies and oversee the implementation of recommendations to strengthen internal controls.
- Audit Execution and Reporting:
- Oversee the execution of comprehensive audits across all business functions, including finance, operations, IT, and compliance, ensuring a focus on renewable energy-specific risks and opportunities.
- Lead a team to deliver high-quality audit reports that provide clear, actionable recommendations for improving processes and achieving compliance.
- Present audit findings, analysis, and recommendations to the Board Audit Committee and executive management, maintaining open communication on key issues and risk exposures.
- Regulatory Compliance and Governance:
- Ensure compliance with local and international standards, including Saudi Arabian regulatory requirements and industry best practices in renewable energy.
- Monitor evolving regulations and guidelines affecting the renewable energy sector, adapting audit practices to maintain compliance.
- Guide management on governance, risk, and compliance practices to uphold corporate transparency and accountability.
- Team Leadership and Development:
- Build, mentor, and lead a high-performing internal audit team, promoting professional development and ensuring a continuous learning culture.
- Foster a positive, ethical, and inclusive team environment that aligns with the organization's commitment to sustainability and innovation.
- Develop training programs to increase the team's knowledge of renewable energy risks, emerging technologies, and sustainability practices.
- Process Improvement and Innovation:
- Drive process improvements and operational efficiency through the identification of control gaps, inefficiencies, and areas for innovation.
- Integrate data analytics and advanced audit technologies to enhance the effectiveness of audit processes and risk monitoring.
- Support the organization's sustainability goals by advising on eco-friendly practices and energy-efficient processes within audit activities.
Qualifications:
- Education: Bachelor's degree in Accounting, Finance, or a related field; Master's degree preferred. A relevant certification (e.g., CPA, CIA, CISA) is strongly desired.
- Experience: Minimum of 15 years in internal audit, with at least 5 years in a senior audit role. Prior experience in the energy, utilities, or renewable sector is a plus.
- Knowledge and Skills:
- Deep understanding of audit frameworks, risk management principles, and regulatory requirements in Saudi Arabia and internationally.
- Familiarity with renewable energy operations, technologies, and environmental regulations.
- Exceptional analytical, problem-solving, and communication skills.
- Strong leadership and team management skills, with a demonstrated commitment to integrity and ethical standards.
Competencies:
- Strategic Vision: Ability to develop a forward-thinking audit strategy that aligns with business goals and industry trends.
- Risk and Compliance Expertise: Strong knowledge of risk management, compliance, and regulatory frameworks in renewable energy.
- Communication and Influence: Excellent interpersonal skills with the ability to present complex information to executive leadership and the Board.
- Innovation and Sustainability Mindset: A commitment to sustainable practices and a proactive approach to integrating audit innovations.
Compensation & Benefits:
Competitive salary and comprehensive benefits package commensurate with experience and qualifications.
Application Process:
Qualified candidates are invited to submit a resume and cover letter detailing relevant experience and qualifications.
