Role Overview:Protiviti is seeking a high-performingConsultant - Internal Auditto support the delivery of internal audit, risk assessment, and governance engagements across financial services, fintech, payments, capital companies, investment management, and diversified corporates. The role involves end-to-end participation in audit engagements, close collaboration with clients and adherence to regulatory and professional standards.
Key Responsibilities
Internal Audit:Execute risk-based internal audits in accordance with the approved annual audit plan, internal audit charter and established audit methodologies, ensuring alignment with organizational objectives and regulatory expectations.
Perform end-to-end process walkthroughs to develop a thorough understanding of business processes, identify key risks and assess the design and implementation of internal controls.
Conduct control design reviews and operating effectiveness testing, applying appropriate audit techniques, sampling methodologies and data analysis to evaluate the adequacy and effectiveness of controls.
Prepare and maintain comprehensive audit working papers, including test plans, evidence, analyses, and conclusions, in compliance with IIA Standards and internal quality assurance requirements.
Identify control deficiencies, process inefficiencies, and compliance gaps, assess root causes and evaluate their potential financial, operational and regulatory impact.
Develop clear, concise, and value-added audit observations, including well-articulated risk implications and practical, business-focused recommendations tailored to the organization’s risk appetite and operating environment.
Engage proactively with process owners and auditees to discuss audit findings, validate facts, understand management perspectives and agree on realistic and effective corrective actions.
Draft, review and finalize audit reports, ensuring accuracy, clarity and consistency, and present key issues, ratings and recommendations to management and relevant committees, as required, with support of Project Manager.
Support audit closure and follow-up activities, including tracking management action plans, validating remediation efforts and reporting on the status of open audit issues.
Contribute to continuous improvement initiatives within the Internal Audit function by enhancing audit tools, templates and methodologies and by sharing best practices and insights from audit engagements.
Risk & GovernanceSupport the execution of enterprise-wide and departmental risk assessments at both inherent and residual levels, including risk identification, risk rating, control evaluation
and prioritization.
Develop, review, and maintain Risk & Control Matrices (RCMs) by mapping key risks to preventive and detective controls, assessing control design and effectiveness and identifying control gaps requiring remediation.
Assist in the review and enhancement of policies, procedures, charters, and governance frameworks to ensure clarity, completeness and regulatory compliance.
Evaluate the effectiveness of governance structures, including the roles and responsibilities of the Board, management and committees, to assess adequacy of oversight, escalation mechanisms, and decision-making processes.
Review and assess the Delegation of Authority (DOA) framework to ensure appropriate authorization limits, segregation of duties, and alignment with the organization’s operational and financial risk profile.
Assess the design and effectiveness of Board and management committees, including committee charters, composition, frequency of meetings, and documentation of decisions.
Identify governance gaps and risk management weaknesses, analyze root causes, and articulate clear risk implications with actionable recommendations.
Regulatory & Compliance
Review compliance with applicable laws, regulations, and regulatory frameworks, including but not limited to SAMA, CMA, SOCPA, and other relevant local and international regulatory requirements.
Perform compliance reviews and gap assessments against regulatory guidelines, supervisory circulars, and industry standards.
Support reviews related to Anti-Money Laundering (AML) and Counter-Fraud Framework (CFF).
Evaluate the alignment of internal policies, procedures, and controls with recognized frameworks and standards such as ISO standards, COSO Internal Control and COSO ERM.
Review regulatory compliance reports, dashboards and management updates, including tracking remediation of regulatory findings and monitoring the status of open compliance issues.
Support regulatory inspections, audits, and inquiries by coordinating documentation, responses, and evidence in a structured and timely manner.
Client & Engagement Management
Interact professionally with client stakeholders during walkthroughs and meetings.
Support engagement managers in status reporting and deliverable reviews.
Maintain high standards of confidentiality and professional ethics.
Required Qualifications
Masters/Bachelor’s degree in accounting, Finance, Business Administration, or related field.
3–5 years of relevant experience in internal audit, risk advisory, or external audit.
Experience with consulting firms preferred.
Professional Certifications (Preferred)
CIA, ACCA / CA
Technical Skills
Strong understanding of internal audit methodologies and IIA Standards
Hands-on experience in process mapping, control testing, and RCM development
Familiarity with COSO Internal Control & ERM frameworks.
Knowledge of regulatory environments in KSA/GCC is a strong advantage.
