Job Responsibilities (overall job purpose):
As Head of Internal Audit, Plan, Direct, Supervise and Execute Board Audit Committee Charter and Internal Audit Annual Plan with assurance on Enterprise Risk Management.
Job Duties (Tasks , objectives):
1 Prepare Audit Plan for the year
2 Manage staff & resources in execution of the Plan to finish to dead lines
3 Review audit issue notes, report & communicate to stake holders by conducting regular meetings of all Departments. Ensure Compliance Standards are maintained.
4 Report to BAC at quarterly rests of the high level issues in the Executive Summary
5 Communicate the instructions of BAC and follow up for closure of issues
6 Update on the best practices in the audit recommendations, analyze and report keeping in mind ethical standards & objectivity.
7 Comply with all Regulations such as UAE IA,AML,FATCA,CRS,DIFC,BMA Financial reporting, Capital Model & Solvency, Labor Laws and Federal Laws.
8 Prepare & review Business Plan & various reports for Rating Agencies like S & P, AM BEST an ISO ratings including ERM, AML IA.
9 Risk assurance review of all Departments & functions of the company.
10 Prevention & control of Frauds of all types as per Anti Fraud policy v1
11 Organize Company's Annual General Meeting. Meet, write & publish Annual Corporate Governance reports.
12 Supervise AML & other Trainings
13 Update relevant CPDs
14 Any other ad hoc reviews & investigations as directed by BAC or as required.
Participate in Innovation awards and conducted by UAE IA and submitting write-ups for award Applications and coordinate with innovation committee for all policies and procedures.
Compulsory note: Any additional tasks assigned by Board or CEO. The Jds are subject to change at any point in time as per changing business need and management discretions on the same.
Technical Skills: Behavioral Competencies:
- Operational knowledge of UAE Insurance Industry Law and Financial Regulations.
- Insurance Product and process Flow Knowledge (All Lines Of Business).
- Management & Analytical skills with good report writing.
- Use of computerized ERP & analytical tools such as ACL, ORACLE FINANCIALS, Microsoft Office, Ms-Project, Presentation & Communication skills.
- Ability to manage a team
- Analytical Skills,
- Interpersonal skills
- Ability to make sound business decisions
- Multi tasking
- Organizational skills
- Communication Skills