Qiddiya Investment Company is seeking an experienced Associate Director - Procurement Compliance Audit to lead and manage the procurement compliance and audit functions across the organization. This pivotal role focuses on ensuring that procurement activities comply with company policies, legal frameworks, and industry best practices, thereby minimizing risks and promoting transparency and accountability.
In this role, you will develop and implement audit strategies, conduct risk assessments, and review procurement processes to identify gaps and recommend improvements. You will work closely with cross-functional teams to monitor procurement activities, investigate compliance issues, and facilitate corrective actions to ensure adherence to established standards.
The Associate Director will also be responsible for reporting audit findings to senior management and stakeholders, contributing to continuous process enhancements, and fostering a culture of compliance within the organization.
Key Responsibilities
- Lead and oversee procurement compliance audits to ensure adherence to policies and regulatory requirements.
- Develop risk-based audit plans and strategies tailored to procurement functions.
- Conduct detailed analysis of procurement processes, transactions, and controls.
- Identify areas of non-compliance, inefficiencies, and potential fraud, and recommend corrective actions.
- Collaborate with procurement and legal teams to update policies and procedures aligned with compliance objectives.
- Prepare comprehensive audit reports and present findings to senior management and Qiddiya governance committees.
- Support training and awareness programs promoting procurement compliance and ethical practices.
- Stay current on relevant laws, regulations, and industry standards affecting procurement activities.
Requirements
- Bachelor’s degree in Business Administration, Finance, Accounting, or a related field; a Master’s degree or professional certification (CIA, CISA, CCAE, or equivalent) is preferred.
- Minimum of 13 years of experience in procurement compliance, audit, or internal control functions, preferably within large, complex organizations.
- Strong knowledge of procurement regulations, compliance frameworks, and audit methodologies.
- Proven experience conducting risk assessments and developing audit plans.
- Excellent analytical, problem-solving, and investigative skills.
- Ability to prepare clear, concise, and detailed audit reports.
- Effective communication and stakeholder management skills to interact at all organizational levels.
- High integrity, professionalism, and commitment to upholding ethical standards.
- Familiarity with procurement systems and audit software tools is an advantage.
Benefits
Offering a comprehensive compensation and benefits package.