Alaa Alzamzami
Senior Director Internal Audit
Jeddah
Summary
A Senior Director of Internal Audit with extensive experience and forward-thinking skills leads operational, IT and financial audits across various industries. The ability to handle compliance and governance and risk issues while making audit activities support business objectives. The ability to build high-performing teams, clear communication, and deliver practical insights that drive efficiency, reduce risk, and support growth. Certified professional and graduate of the Harvard Business Publishing Internal Audit Leadership Program, with a strong focus on continuous learning and staying ahead of industry best practices.
Overview
21
21
years of professional experience
2
2
Languages
Work History
Senior Director Internal Audit
PIF - Confidential
10.2024 - Current
- Reporting functionally to the Audit Committee and administratively to the CEO, my role encompasses providing strategic leadership for risk-based auditing, governance, and assurance activities to support the organization's objectives.
- Developing and executing a risk-based internal audit plan aligned with the organization's strategic goals.
- Evaluating the effectiveness of governance, risk management, and internal control systems.
- Advising senior leadership and the Audit Committee on risk mitigation, compliance, and process improvement opportunities.
- Ensuring adherence to IIA standards and promoting the principles of accountability, transparency, and ethical conduct across the organization.
- Overseeing internal audit operations, including resource planning, talent development, and maintaining a high-performing team.
- Acting as a trusted advisor to the Audit Committee and executive management, providing independent and objective insights to support decision-making.
Manager Internal Audit (Principal Auditor)
Saudi Arabian Airlines - Holding
02.2021 - 09.2024
- Transitioned from Saudia Technic company to Saudia Holding company following the consolidation of the Internal Audit function within Saudia Group, demonstrating adaptability and agility in navigating organizational change.
- Orchestrating a holistic approach to internal audit activities encompassing both operational and functional domains, alongside assurance services, aimed at driving operational excellence and enhancing the overall effectiveness of business processes across the diverse spectrum of SAUDIA Group entities.
- Exercising fiscal prudence by overseeing the implementation of the department budget and meticulously monitoring financial performance against approved budgets, ensuring optimal resource allocation and adherence to financial targets.
- Vigilantly monitoring the execution of management actions recommended in audit reports, as well as external audit recommendations, in close collaboration with corporate management, driving continuous improvement and ensuring compliance with regulatory standards.
- Facilitating seamless collaboration with external auditors to meticulously plan audit activities and foster productive partnerships, ensuring alignment with organizational objectives and regulatory requirements.
- Providing crucial support in the preparation of audit reports in strict adherence to corporate reporting guidelines, ensuring clarity, accuracy, and relevance in communicating audit findings and recommendations.
- Spearheading the preparation of quarterly audit reports to management, meticulously gathering responses from stakeholders, and conducting thorough reviews prior to submission to subsidiaries' Chief Executive Officers (CEOs), Saudia Directorate General (DG), and the Board of Directors (BoD) audit committee, ensuring comprehensive oversight and strategic alignment across the organization.
Chief Internal Audit & Risk Officer (D)
Saudia Technic
02.2019 - 02.2021
- Formulate an internal audit and risk management strategy meticulously aligned with the organization's overarching functional strategy, ensuring seamless integration and alignment with key business objectives and risk tolerance levels.
- Drive the effective attainment of internal audit and risk management departmental objectives, leveraging strategic insights and proactive measures to enhance organizational resilience and optimize risk mitigation strategies.
- Facilitate the seamless onboarding and induction of professional audit and risk staff, equipping them with the requisite knowledge, training, skills, and experience to excel in their roles and contribute meaningfully to the organization's risk management framework.
- Develop a comprehensive and agile risk-based audit plan tailored to the organization's unique needs, encompassing key risks, controls, compliance, governance, and other pertinent concerns identified through rigorous analysis and collaboration with executive leadership.
- Provide strategic guidance to the risk management and audit team, empowering them to identify, scope, prioritize, and execute projects with precision and agility, fostering collaboration and synergy across various operational functions and stakeholders.
- Craft strategic, annual, and quarterly audit reports in strict adherence to the company's reporting guidelines, ensuring clarity, accuracy, and relevance in conveying audit findings and recommendations to senior management.
Analyst, Internal Audit & Risk
Saudia Technic
06.2016 - 01.2019
- At the outset of 2016, I played a pivotal role in the establishment of the Internal Audit (IA) function within the company. Following a rigorous assessment of candidates, I was selected by the Chief Audit Executive (CAE) to spearhead this initiative.
- As the inaugural auditor in the team, I collaborated closely with the CAE to lay the groundwork for the IA function's inception. This encompassed active involvement in the development of the IA manual and charter, internal processes, and the establishment of requisite systems.
- In addition to these foundational tasks, I assumed responsibility for executing the audit plan, meticulously evaluating internal controls, and furnishing comprehensive recommendations to fortify these controls.
- Leveraging my expertise, I provided invaluable consultation and advisory services, addressing nuanced challenges and ensuring alignment with organizational objectives.
Manager Material Demand Planning and Analysis
Saudia Aerospace Engineering Industries
03.2015 - 05.2016
Sr. Specialist MDP & Analysis
Saudia Aerospace Engineering Industries
03.2014 - 02.2015
Spclst. Capacity Planning & Scheduling
Saudia Aerospace Engineering Industries
01.2010 - 02.2014
Shop Production Planner
Saudi Arabian Airlines (Technical Services)
03.2005 - 12.2009
Production Planner
SAUDI BINLADEN GROUP - Rush Projects
11.2004 - 03.2005
Education
Bachelor of Science - Industrial Engineering
King Abdulaziz University
Jeddah, Saudi Arabia 04.2001 -
Skills
Collaborative leadership
Team management
Organizational development
Stakeholder relations
Regulatory compliance
Conflict resolution
Stakeholder engagement
Risk management
Multitasking and organization
Leadership development
Rules and regulations
Affiliations
- The Saudi Authority of Internal Auditors
- The Institute of Internal Auditors (IIA)
- Association of Certified Fraud Examiners (ACFE)
- Information Systems Audit and Control Association (ISACA)
- Open Compliance and Ethics Group (OCEG)
Timeline
Senior Director Internal Audit
PIF - Confidential
10.2024 - Current
Manager Internal Audit (Principal Auditor)
Saudi Arabian Airlines - Holding
02.2021 - 09.2024
Chief Internal Audit & Risk Officer (D)
Saudia Technic
02.2019 - 02.2021
Analyst, Internal Audit & Risk
Saudia Technic
06.2016 - 01.2019
Manager Material Demand Planning and Analysis
Saudia Aerospace Engineering Industries
03.2015 - 05.2016
Sr. Specialist MDP & Analysis
Saudia Aerospace Engineering Industries
03.2014 - 02.2015
Spclst. Capacity Planning & Scheduling
Saudia Aerospace Engineering Industries
01.2010 - 02.2014
Shop Production Planner
Saudi Arabian Airlines (Technical Services)
03.2005 - 12.2009
Production Planner
SAUDI BINLADEN GROUP - Rush Projects
11.2004 - 03.2005
Bachelor of Science - Industrial Engineering
King Abdulaziz University
04.2001 -
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