Internal Audit Quality Assurance Specialist

Audit Quality Assurance Specialist

To perform the delivery of quality reviews across all aspects of the work of Riyad Bank Internal Audit, ensuring compliance with the standards for the professional practice of internal auditing and the code of ethics issued by the Institute of Internal auditors. Performing periodic reviews on the IA Methodology document and audit templates, ensuring robust IA practice is adopted by RBIA.

JOB RESPONSIBILITY

Policies, Processes & Procedures

• Assist in developing the departmental policies and procedures, recommending improvements where required, providing advice to IA Section heads in ensuring that the IA practice adopted by RBIA is in line with IIA standards, code of ethics and industry best practices.

Day- to-day operations

• Perform QA reviews of the day-to-day IA operations of the Internal Audit QA to ensure that work processes are implemented as designed and comply with established policies and procedures.

Internal Audit Management

• Perform the delivery of quality reviews across all aspects of the work of Riyad Bank Internal Audit.
• Perform the development and delivery of Quality Assurance and Improvement Program (QAIP) to ensure accurate QA report is submitted to the BAC.
• Assist in working as a point of contact for the External Quality Assurance Review (“QAR”) mandated by the IIA.
• Perform the internal quality assessments including ongoing and periodic reviews of internal audit activities to ensure alignment with the Quality Assurance and Improvement Program guidelines and checklists.
• Assess the needs of the Riyad Bank Internal Audit Leadership team and Section heads to enable them to deliver good quality audits.
• Continuously improve the department’s governance and operational processes.
• Perform workshops and training sessions on quality to ensure enhancement of the IA team capabilities.

Representing RBIA as an advocate and ambassador

• Assist in represents the department (and thereby the bank) in external formal and informal interactions with key stakeholders’ groups and internal audit industry forums, taking opportunities to benchmark the Riyad bank internal audit function against similar functions inside or outside of the banking sector, and nationally and internationally.

Objectives/KPI Setting & Monitoring

• Preparation and periodic review of the mission, goals and KPIs of the Internal Audit Division to ensure alignment with the overall strategy of Riyad Bank.
• Independently monitors the efficiency and effectiveness of the Annual Audit Planning process and risk assessment approach for the auditable entities, ensuring that effective risk-based IA plan is produced and presented to BAC.
• Monitor the delivery of approved IA plan against the planned targets.

MIS Reporting

• Prepare the MIS packs (financial and non-financial, including business reporting for each audit Section) and other ad-hoc reports to ensure that Internal Audit function have the relevant information needed to support strategic decision making

Continuous Improvement

• Pursues professional development opportunities, including internal and external training and professional association memberships, and shares information gained with co-workers to ensure that the business is developed
• Contributes to the identification of opportunities for continuous improvement of systems, processes and practices considering ‘international best practice’, improvement of business processes, cost reduction and productivity improvement

Related Assignments

• Performs other related duties or assignments as directed
• Liaises with external auditors/consultants and regulatory entities (SAMA) when required

Minimum Qualifications

• Bachelor’s degree in accounting, business or equivalent
• Professional audit certificate such as CIA, etc. or equivalent preferred

Minimum Experience

• 5 - 7 years relevant experience in banking audit function

Language

Arabic (first language); English to advanced level