A huge new entertainment led entity has been created by Royal Decree in Riyadh and we are seeking a Saudi Naitonal internal audit/operational risk professional to develop and run what might be the most interesting, high profile and complex audit and risk departments in the Kingdom.
As internal control environments go, this is a big one. The sheer diversity of the operations as well as the scale make this an internal audit subject worthy of any IIA exam or conference discussion topic.
Reporting directly to the Royal Court and as a project of enormous future public awareness both in Saudi and beyond, ensuring the smooth functioning of controls and world class governance is critical to the success of this multi-billion riyal giga project.
The challenges of this role are fascinating and considerable. The company will operate a shared service centre of excellence in operations, supporting a number of very diverse business units, from a major events business, to parks & expereince, farming, veterinary research and beyond.
The fast pace and rapid scaling up and scaling down of events projects in terms of manpower, infrastructure and a wide array of suppliers and interested parties means that internal audit needs to be reactive, totally integrated into planning and adaptable to suit it s approach to the different sorts of events and attractions planned.
The function must simultaneously create audit methodologies for real estate, hotels & leisure, farming, food production, research and legal authority functions and must be able to group this diverse businesses and risks into a consolidated Group Risk scoring methodology for intelligent risk reporting and presenting to a board of directors, packed with extremely prestigious members.
Responsibilities will include, but will not be limited to:
Working with senior management to establish a group risk framework that is both adaptive and scalable from startup through to a giga project level.
Support the development of a governance framework
Develop a group audit methodology and programme that will both suit the diversity of the various business units, as well as be able to provide a unified group risk reporting framework and easily communicated consolidated picture with strong mitigation recommendations.
Develop a lean and competent team capable of delivering on the Group Risk Strategy.
Manage the audit function on a day to day basis, motivating the team and ensuring the highest possible professionalism and output quality.
Work with managers on mitigation of identified risks, providing recommendations and setting timelines to ensure risks have been properly mitigated.
Developing live risk reporting and thorough and clear, actionable consolidated risk reporting to the board.