Overview
Head of Audit – Insurance Jobs in Jeddah, Saudi Arabia at Faithful Executive – Leader in Interim Management, Consulting & Executive Search
At Faithful Executive, we pride ourselves on connecting exceptional talent with outstanding opportunities across the Middle East. Our commitment to excellence and trust makes us a key partner for both clients and candidates.
We are currently recruiting on behalf of one of our partners based in Jeddah, KSA
, a leading player in the insurance sector
. As part of their continued organizational development and commitment to strong governance, they are seeking an experienced audit leader to head their internal audit function through the following role:
Position:
Head of Internal Audit
Location:
Jeddah, KSA
Key Responsibilities
- Lead and oversee the company’s internal audit department, ensuring effective governance, risk management, and control frameworks.
- Develop and execute a comprehensive, risk-based internal audit plan in alignment with regulatory requirements (SAMA) and corporate strategy.
- Provide independent assurance to the Audit Committee and senior management on the adequacy and effectiveness of internal controls and business processes.
- Manage, mentor, and develop the internal audit team to deliver high-quality, value-added audit engagements.
- Review financial, operational, compliance, and IT processes to identify risks, control weaknesses, and improvement opportunities.
- Coordinate with external auditors, regulators, and other assurance providers to ensure audit efficiency and compliance with industry standards.
- Report findings and recommendations to executive management and the Audit Committee, driving timely implementation of corrective actions.
- Stay up to date with emerging risks, regulatory changes, and best practices in the insurance and financial services industries.
- Foster a culture of integrity, transparency, and accountability across all business units.
Qualifications
- Bachelor’s degree in Accounting, Finance, or a related discipline (Master’s degree or MBA preferred).
- Professional certifications such as CIA, CPA, ACCA, CISA
, or equivalent are required. - Minimum 10–15 years of relevant audit experience, with at least 5 years in a senior leadership role within the insurance or financial services industry.
- Strong understanding of SAMA regulations
, risk management frameworks, and internal control systems. - Proven experience in leading cross-functional audit teams and engaging with Board Audit Committees.
- Excellent communication and interpersonal skills, with the ability to influence senior stakeholders.
- High integrity, analytical mindset, and strategic thinking capabilities.
- Fluent in English (Arabic is a plus).
Interested?
If you are a strategic audit leader looking to drive excellence and governance within a leading insurance organization in Saudi Arabia, please send your CV to faical..
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Title: Head of Audit – Insurance
Company: Faithful Executive – Leader in Interim Management, Consulting & Executive Search
Location: Jeddah, Saudi Arabia
Category: