Sr. Consultant/Assistant Manager- Internal Audit (Payment & Fintech)

Overview

Location: Riyadh – KSA

1. Internal Audit & Risk Advisory

• Plan, execute and deliver risk-based internal audits for clients in the Payments and Fintech industry.
• Develop audit programs, test controls, assess risk management effectiveness and identify control gaps.
• Lead risk assessment exercises to identify key business and operational risks, particularly related to payment processing, digital wallets, and regulatory compliance.
• Prepare and present audit reports highlighting key findings, root causes, and actionable recommendations.
• Assist clients in developing and implementing internal control frameworks in line with regulatory and industry standards (SAMA, ISO 27001, etc.).

2. Compliance & Regulatory Reviews

• Conduct compliance assessments with local regulatory frameworks (e.g., SAMA Payment Services Provider Regulations, Anti-Money Laundering, Data Privacy, and Cybersecurity guidelines).
• Support clients in establishing Compliance Risk Management Frameworks and Monitoring Programs.
• Assist in regulatory readiness and liaison during audits or inspections by SAMA or other authorities.

3. Policy, Procedure, and Process Development

• Draft, review, and enhance policies and procedures for clients in line with best practices and regulatory expectations.
• Support clients in designing process flows, delegation of authority matrices, and control documentation.
• Develop Standard Operating Procedures (SOPs) for key fintech operations including customer onboarding, KYC/AML, settlement, chargebacks, reconciliation, etc.

4. Team & Project Management

• Manage multiple client engagements simultaneously ensuring timely delivery and quality standards.
• Supervise and review work performed by junior consultants and analysts.
• Coordinate with clients’ management teams and maintain strong working relationships.
• Contribute to internal knowledge management, training, and methodology development.

5. Business Development Support

• Support senior management in preparing proposals, presentations and business pitches.
• Identify opportunities for cross-selling risk, audit, and compliance services.
• Stay abreast of market and regulatory developments impacting the Payments and Fintech industry in KSA and GCC.

Technical & Functional Skills

• Deep knowledge of SAMA regulations, Fintech regulatory framework and Payment systems guidelines.
• Strong analytical and problem-solving skills with attention to detail.
• Excellent writing and presentation skills.
• Proficiency in MS Office Suite; exposure to audit and data analytics tools