Finance Consultant or Senior Consultant

About the role:

To provide independent and objective assurance and advisory services over financing operations, credit and collections, financial reporting, governance, risk management, and regulatory compliance in line with SAMA regulations (Finance Companies Control Law and its Implementing Regulations, Responsible Lending and Consumer Protection Principles), IIA Global Internal Audit Standards (2024), and IFRS.

Responsibilities:

• Plan and execute risk-based internal audits across credit origination and underwriting, credit risk, disbursement, collections and recovery, product lines (auto, personal, real estate finance, leasing, BNPL, SME finance), customer onboarding, collateral management, treasury and funding.
• Develop Risk & Control Matrices (RCMs) and perform control design and operating effectiveness testing.
• Prepare and issue draft and final audit reports with clear observations, root causes, risk ratings, and actionable recommendations.
• Review internal controls over IFRS 9 (ECL models and staging), IFRS 16 (leases), and revenue recognition.
• Assess provisioning adequacy, NPL classification, restructuring/rescheduling, ECL model governance, collateral valuation, and ICFR / ICoFR frameworks.
• Evaluate compliance with SAMA prudential limits, finance/cost caps, responsible lending, debt-collection rules, and AML/CFT requirements.
• Evaluate effectiveness of governance structures including Board, Committees, and Delegation of Authority (DOA).
• Review policies, procedures, SOPs, and Enterprise Risk Management (ERM) alignment with COSO.
• Liaise with senior management, Audit Committee, Risk & Compliance teams, and external auditors.
• Present audit findings, status updates, and key risk themes to senior stakeholders.
• Ensure compliance with IIA Global Internal Audit Standards (2024), QAIP requirements, and support IA strategy and annual planning.

Qualifications:

• Bachelor’s or master’s degree in Accounting, Finance, or Business
• 5–12 years of relevant experience (depending on role level)
• Prior experience in finance companies / consumer finance / banking audits (KSA preferred)

Certifications:

• CIA (Highly preferred)
• CPA / CA / ACCA
• CRMA / credit risk certifications (a plus)

Technical Skills:

Strong understanding of:

• Credit lifecycle: origination, underwriting, disbursement, collections
• Consumer and SME finance, leasing, and BNPL products
• IFRS 9 ECL, staging, and provisioning
• SAMA Finance Companies regulatory framework

Hands-on experience with:

• RCMs
• Audit methodologies

Soft Skills:

• Strong analytical and report-writing skills
• Ability to challenge management professionally
• Good communication and stakeholder management