Senior Advisor - Investment Audit / مستشار أول – تدقيق الاستثمار

JOB PURPOSE:

To provide specialized investment expertise that transforms Internal Audit into a strategic partner and trusted advisor. The role delivers rigorous independent assurance, forward looking risk insights, and actionable recommendations to enhance portfolio performance, strengthen governance, and protect long-term value across public and private market investments.

ROLES AND RESPONSIBILITIES:

Strategy & Advisory

• Translate complex market intelligence—macroeconomic trends, regulatory changes, and ESG drivers—into forward-looking risk insights to shape the annual audit plan.

• Advise on investment strategy alignment with national priorities (e.g., Vision 2040) and the Authority’s risk appetite.

• Prepare Audit & Risk Committee (ARC)-level thematic reviews (e.g., FX exposure, private markets, Public Markets) and to advice on subsidiary governance and shareholder audits.

Portfolio & Risk Analytics

• Lead deep-dive audits of private and public market investments, including valuation, treasury, performance, fund waterfalls, IRR, NAV accuracy, etc.

• Assess complex fund structures (SPVs, offshore entities) and stress-test market, Value at-Risk, credit, and liquidity risks, etc.

• Integrate continuous auditing and AI/data analytics for near-real-time monitoring of high-risk portfolios.

Control Environment & Governance

• Evaluate effectiveness of delegated investment authorities, fund manager selection, and performance incentives.

• Review ESG and responsible investment compliance, including climate-related risk disclosures.

• Assess strategic and operational risks in trading and portfolio management systems and third-party custodians.

• Advice on investment governance frameworks, including: strategy, business plan Investment mandates and policy, strategic asset allocation processes, oversight committees and roles

• Review of private and public market investments, focusing on due diligence, asset management, and performance evaluation covering compliance with investment agreements, risk management frameworks, ongoing monitoring, valuation methodologies, and regulatory adherence.

Stakeholder Engagement

• Present concise, insightful findings and value-creation opportunities to the Audit & Risk Committee.

• Serve as a knowledge bridge between investment professionals and auditors, fostering shared understanding of sophisticated products and risk exposures.

Support to Chief Internal Auditor

• Provide timely information and analysis for ARC presentations and board reporting.

• Lead or support special investigations, consultancy services, and ad-hoc reviews requested by the Chief Internal Auditor.

Key Performance Indicators (KPIs)

• Implementation rate and impact of high-risk audit recommendations.

• Value-at-Risk (VaR) improvements or cost savings achieved through enhanced controls.

• Positive feedback from Audit & Risk Committee and Board on strategic insights and governance advise.

Policies & Procedures

• Manage the development, communication and implementation of the Internal Audit Investment’s departmental policies and procedures to ensure that all relevant procedural and legislative requirements are clearly communicated and duly fulfilled.

Health, Safety & Quality

• Manage the Internal Audit Investment’s departmental compliance to all relevant health, safety, and quality requirements, in order to guarantee employee safety and legislative compliance.

Continuous Improvement

• Manage the contribution to the identification of opportunities for continuous improvement of systems, processes and practices considering ‘leading best practices’, improvement of business processes, cost reduction and productivity improvement

MINIMUM QUALIFICATIONS AND REQUIREMENTS

Educational Qualifications Bachelor’s degree in Audit, Accounting, Finance, or any relevant field

Professional Qualifications (Mandatory): one of the following CPA, ACCA, or CFA

Work Experience 14 to 16years of work experience in an investment environment

Languages Fluency in English is essential & Arabic si advantageous

Computer skills Proficiency in MS Office is essential (especially Excel and PowerPoint)

Experience with financial systems is desirable