Chief Audit Executive

Overview The Chief Audit Executive (CAE) oversees and manages all audit-related activities within an organization. They ensure compliance with laws, regulations and company policies, and evaluate business processes and operations to reduce risk and improve efficiency.

Responsibilities

Developing and implementing comprehensive internal audit policies and procedures

Ensuring compliance with all relevant regulations and laws

Overseeing the internal audit department and coordinating audit activities

Identifying and assessing areas of significant business risk

Coordinating with external auditors and managing audits of company financial statements

Advising management on how to improve systems and processes

Maintaining open communication with management and the audit committee

Providing training and guidance to internal audit staff

Verifies, both on a continuous basis and in relation to special needs, in conformity with international professional standards, the adequacy and effective functioning of the internal control and risk management system, through an audit plan approved by the Board of Directors

Has direct access to all useful information for the performance of its duties

Drafts periodic reports containing adequate information on its own activity, the company’s risk management process, and compliance with risk mitigation plans

Prepares timely reports on significant events and presents audit findings to top management and the board of directors

Submits reports to the chairman of the Board of statutory auditors, the control, risk and sustainability committee, the Board of Directors, and the Chief Executive Officer

Verifies the reliability of information systems, including the accounting system, according to the audit plan

Advocates a culture of risk awareness and security throughout the organization

Assesses risk and determines frameworks relevant to the business

Develops auditing strategies for optional and mandatory compliance checks

Creates independent processes for ethics and compliance violation reporting

Evaluates internal governance processes and improves them

Understands relevant frameworks and how they apply to the business

Identifies and assesses new security controls and their implementation

Hires, trains, and guides internal auditing staff and teams

Qualifications

Bachelor's degree in finance, accounting, or related field; MBA or Master’s degree is a big plus

7–10+ years of progressively responsible experience in internal audit, including 3–5 years in a senior management position

Certifications such as CPA, CFA, or CMA can be advantageous

Knowledge of the lubricant and automobile industry and regulatory compliance experience is preferred

Strong communication skills and ability to collaborate with executives and stakeholders

Familiarity with accounting software and ERP systems (e.g., Oracle Fusion)

Salary : 18,000 Saudi Riyals, including all allowances

Seniority level Executive

Employment type Full-time

Job function Accounting / Auditing and Finance Industries : Oil and Gas

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