About the job
Role: Head of Internal Audits & Risk
Job Level: Associate Director / Senior Manager
Department: Financial Services
Looking for Candidates who are based in Riyadh, KSA or other GCC countries who have experience in: A. Insurance portfolio (Highly preferred) AND B. Working with Big 4 / Big 8 Consulting firms in GCC region
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About the Client (Company) & Role
Leading Global Business Management consulting firm with 4000+ people serving clients in 20+ countries.
Office location: Riyadh, KSA (Full time, Work from office role)
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Role Overview
A challenging opportunity for the role of Associate Director / Sr. Manager level in the company's Financial Services’ Internal Audit Area for Middle East Region (Kuwait, Qatar, KSA, Bharain) and UAE (only if required).
Above roles work in a client facing role and take on the responsibility of identifying, assessing, and monitoring risks, observations by developing a end to end plan and project strategy and coming out with the quality outcome.
Key Responsibilities
• Building client relationships and active marketing efforts (a good networking capability is a pre-requisite)
• Prospecting for new business by using the client relationships, getting an active handle on regulations to drive business opportunities on a pro-active basis
• 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.
• Building a thought leadership position by creating contemporary articles on Banking or by being a speaker at leadership forums on contemporary Banking topics
• Recruiting bright/talented individuals who can adapt to the rigors of consulting and creating a good execution capability in the practice
• Delivering expected profitability from the practice by placing a sharp focus on the utilization of the staff and the recovery of the projects
• Interacting with multiple Advisory practices to develop cross-selling opportunities, and upsell the Firm’s branding
Desired Profile
• Candidates with overall 10+ years’ experience in Financial Services Industry in the Consulting / Advisory industry.
• Minimum 5 years experience in INTERNAL AUDITS/ OPERATIONAL RISK ADVISORY in the Financial Services domain (Preferably in INSURANCE).
• 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.
• Experience in working/ reviewing various core banking systems, electronic payment channels/ processes (Wallet/ internet/mobile/ POS etc) is preferred
• Proven business development skills with ability to procure new business.
• Excellent leadership, interpersonal, project management and client relationship skills.
• Excellent communication, presentation and time management skills.
• Prior management and direct supervisory experience in a team environment required. Well-honed mentoring and people development skills.
• Proven execution skills with sharp focus on quality of deliverables.
• Proficient in Microsoft Office suite applications.
• Well versed in current trends and developments across Insurance Industry.
• Demonstrates creative thinking and rigorous analysis in solving business problems.
• Able to maintain a professional demeanor in times of high stress. Works well in a team-oriented environment as well as independently.
• Able to multi-task and travel (India and International) as necessary to meet client needs.
• Spearhead internal client facing teams and guide them on solution delivery. Independently lead multiple engagement
• Understanding the client’s requirements and writing clear client proposals that articulate the specialized domain skills.
• Assist team members in developing technical and professional competency. Coach, train, and support consultants in the team.
• Establish deep relationships with client personnel (at appropriate levels) by understanding client’s perspective
• Constantly monitor project progress, manage risk and verify key stakeholders are kept informed about progress and expected outcomes. Participate in sales and support business development initiatives.
• Bridging a Gap between Seniors and client stakeholders, timely communication, reporting and escalation to meet project objective
Required Skill Set
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.
Deep understanding on :
✓ Internal Audit, Next Gen. IA, QAR
✓ SOX, IFC, ICFR testing
✓ Controls Designing to Monitoring
✓ COSO 2013 - COSO ERM
✓ RCMs/ RCSA development and testing
✓ Corporate Governance
✓ Business Processes: Excellence Enhancement, Optimization, and Implementation
✓ Enterprise Risk (ERM),
✓ Operational Risk (ORM)
✓ KYC and AML
✓ Regulatory Remediation/ Compliance
✓ Third-Party Risk/Outsourcing Risk
✓ Credit Risk
✓ Insider/Personal Trading Compliance
✓ Compliance Framework
✓ Business Strategies
✓ Digital Transformation and Automation
✓ Global / Large Delivery Set-up / COE
✓ GRC Framework
✓ ITGC
Additional preferred skills: Project Management Certification, SIX Sigma, Power Bi, Data Analysis, IDEA, SQL, SAP, treasury software, etc.
Key Personal Attributes:-
• A good blend of creative thinking and rigorous analysis in solving business problems
• Must work well in a team-oriented environment as well as independently. Work with team members to set goals and responsibilities for specific engagements. Foster teamwork and innovation.
• Ability to work under pressure. Mature, proactive and displays initiative. Manages own and others time well.
• Possesses excellent analytical, interpersonal, communication and presentation skills. Good oral and written communication skills including documentation of findings and recommendations. Adept at preparing and presenting reports to an audience.
• Ability to travel as necessary to meet client needs. This may require travel and work more than standard hours when necessary. Second language skills and international business experience will be useful.
• Able to demonstrate the leadership skills
Seniority Level: Director-Level
Job Functions: Software Development
Industries : Information Technology
