Director of Internal Audit

Executive Director of Internal Audit | Reef Group Position Title: Executive Director of Internal Audit Location: Riyadh, Saudi Arabia Job Type: Full-Time About the Role Reef Group is seeking an experienced and highly strategic Executive Director of Internal Audit to lead the Group’s Internal Audit function and provide independent assurance over governance, risk management, internal controls, and business processes. The role will be responsible for developing and executing the Group’s risk-based internal audit strategy, leading audit engagements across functions and entities, identifying control gaps and business risks, and providing clear recommendations to strengthen governance, accountability, and operational effectiveness. The ideal candidate should have strong leadership experience in Internal Audit, excellent understanding of governance and risk, and the ability to operate effectively with executive management, Audit Committee members, and senior stakeholders across a large and growing organization. Key Responsibilities • Lead and manage the Group’s Internal Audit function across business units and entities. • Develop and maintain the annual and multi-year risk-based Internal Audit plan. • Assess key financial, operational, compliance, governance, and strategic risks across the Group. • Lead internal audit engagements and ensure audits are delivered with strong quality, objectivity, and business relevance. • Review the adequacy and effectiveness of internal controls, policies, procedures, and governance frameworks. • Identify control weaknesses, process gaps, emerging risks, and improvement opportunities. • Provide practical and actionable recommendations to management and follow up on implementation. • Prepare and present Internal Audit reports, key findings, risk themes, and recommendations to executive management and the Audit Committee. • Monitor the implementation of agreed audit actions and ensure timely closure of high-risk findings. • Maintain strong coordination with Risk, Compliance, Finance, Legal, Governance, and other control functions. • Support investigations, special reviews, and management-requested assignments when required. • Evaluate major business processes, systems, projects, and transformation initiatives from a control and risk perspective. • Support the continuous improvement of governance, internal controls, and enterprise risk awareness. • Ensure Internal Audit activities comply with professional standards, approved methodologies, and internal policies. • Develop Internal Audit frameworks, procedures, reporting standards, and quality assurance practices. • Lead, coach, and develop the Internal Audit team and strengthen technical and leadership capabilities. • Manage relationships with external auditors, regulators, and relevant professional bodies when required. • Stay updated on regulatory changes, emerging risks, industry developments, and leading Internal Audit practices. Required Qualifications • Bachelor’s degree in Accounting, Finance, Business Administration, or a related field. • Professional certification such as CIA, CPA, SOCPA, ACCA, CISA, or equivalent is highly preferred. • 12+ years of relevant experience in Internal Audit, Risk, Assurance, or a related field. • Strong experience in a senior Internal Audit leadership role. • Proven experience developing and executing risk-based Internal Audit plans. • Strong knowledge of governance, internal controls, enterprise risk management, compliance, and audit methodologies. • Strong experience presenting audit findings and recommendations to executive management, Audit Committees, or Boards. • Experience leading audits across financial, operational, compliance, and business processes. • Strong understanding of control frameworks and professional Internal Audit standards. • Experience within retail, FMCG, consumer goods, large groups, holding companies, or fast-growing organizations is highly preferred. • Strong analytical, investigative, problem-solving, and decision-making skills. • Strong leadership and team-development capabilities. • Excellent stakeholder management, communication, influencing, and report-writing skills. • High level of independence, integrity, professional judgment, and confidentiality. • Strong Arabic and English communication skills. • Ability to operate effectively in a dynamic, fast-paced, and rapidly growing business environment. Why Join Us? Join Reef Group during an exciting stage of continued regional and international growth. As Executive Director of Internal Audit, you will play a critical role in strengthening governance, risk management, internal controls, and organizational accountability while providing independent assurance to senior leadership and the Audit Committee.

Bachelor’s degree in Accounting, Finance, Business Administration, or a related field. Professional certification such as CIA, CPA, SOCPA, ACCA, CISA, or equivalent is highly preferred. 12+ years of relevant experience in Internal Audit, Risk, Assurance, or a related field. Strong experience in a senior Internal Audit leadership role. Proven experience developing and executing risk-based Internal Audit plans. Strong knowledge of governance, internal controls, enterprise risk management, compliance, and audit methodologies. Strong experience presenting audit findings and recommendations to executive management, Audit Committees, or Boards. Experience leading audits across financial, operational, compliance, and business processes. Strong understanding of control frameworks and professional Internal Audit standards. Experience within retail, FMCG, consumer goods, large groups, holding companies, or fast-growing organizations is highly preferred. Strong analytical, investigative, problem-solving, and decision-making skills. Strong leadership and team-development capabilities. Excellent stakeholder management, communication, influencing, and report-writing skills. High level of independence, integrity, professional judgment, and confidentiality. Strong Arabic and English communication skills. Ability to operate effectively in a dynamic, fast-paced, and rapidly growing business environment.

Lead and manage the Group’s Internal Audit function across business units and entities. Develop and maintain the annual and multi-year risk-based Internal Audit plan. Assess key financial, operational, compliance, governance, and strategic risks across the Group. Lead internal audit engagements and ensure audits are delivered with strong quality, objectivity, and business relevance. Review the adequacy and effectiveness of internal controls, policies, procedures, and governance frameworks. Identify control weaknesses, process gaps, emerging risks, and improvement opportunities. Provide practical and actionable recommendations to management and follow up on implementation. Prepare and present Internal Audit reports, key findings, risk themes, and recommendations to executive management and the Audit Committee. Monitor the implementation of agreed audit actions and ensure timely closure of high-risk findings. Maintain strong coordination with Risk, Compliance, Finance, Legal, Governance, and other control functions. Support investigations, special reviews, and management-requested assignments when required. Evaluate major business processes, systems, projects, and transformation initiatives from a control and risk perspective. Support the continuous improvement of governance, internal controls, and enterprise risk awareness. Ensure Internal Audit activities comply with professional standards, approved methodologies, and internal policies. Develop Internal Audit frameworks, procedures, reporting standards, and quality assurance practices. Lead, coach, and develop the Internal Audit team and strengthen technical and leadership capabilities. Manage relationships with external auditors, regulators, and relevant professional bodies when required. Stay updated on regulatory changes, emerging risks, industry developments, and leading Internal Audit practices.