Consultant​/Senior Consultant - Asset Management

To provide independent and objective assurance and advisory services over asset and fund management operations, fund administration, financial reporting, governance, risk management, and regulatory compliance in line with CMA regulations (Investment Funds Regulations, Authorised Persons Regulations), IIA Global Internal Audit Standards (2024), and IFRS.

• Plan and execute risk-based internal audits across portfolio management, fund administration, NAV calculation and valuation, custody, dealing/brokerage, client onboarding (KYC/AML), fee and performance calculation, and treasury.
• 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 and IFRS 13 (fair value measurement) and fund accounting.
• Assess NAV accuracy, investment valuation, segregation of client assets, custody/safekeeping arrangements, and ICFR / ICoFR frameworks.
• Evaluate effectiveness of governance structures including Board, Fund Boards, Committees, and Delegation of Authority (DOA).
• Review suitability, conflicts of interest, best execution, soft-dollar arrangements, and AML/CFT controls.
• Review policies, procedures, SOPs, and Enterprise Risk Management (ERM) alignment with COSO.
• Liaise with senior management, Audit Committee, Risk & Compliance teams, external auditors, fund administrators, and custodians.
• 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.

• Bachelor’s or master’s degree in Accounting, Finance, or Business
• 5–12 years of relevant experience (depending on role level)
• Prior experience in asset management / investment fund audits (KSA preferred)

• CIA (Highly preferred)
• CPA / CA / ACCA

• Portfolio and fund management processes
• NAV calculation, valuation, and fund accounting
• Custody and client-asset segregation
• IFRS 9 / IFRS 13
• CMA regulatory framework

• RCMs
• Audit methodologies

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