KEY ACCOUNTABILITIES:
Conduct audits of the Processes within the IB, WB & Credit and assess if:
Divisional/Unit Line management have identified and classified the risks in their activities.
Governance, risk management and control procedures are adequate, effective and efficient to reduce risks of errors, omissions and loss to acceptable levels at an acceptable cost.
Improvements/enhancements to the governance, risk management and internal control structure are required.
Data and transaction processing meets the required standards of reliability, integrity and availability.
The Division’s/Unit’s assets are being safeguarded.
The use of resources is efficient and effective.
Draft audit worksheets/ audit report submitted by auditors are properly reviewed and finalized.
Audit Worksheets/Audit report is discussed and finalized with GIA management/client within 3 weeks of completion of fieldwork. Negotiate with Unit management to agree a documented Management Action Plan to resolve the issues raised.
Continuous Improvement
Lead the identification of change through continuous improvement of processes and practices considering global standards and changes in the business environment which demand proactive action plans.
Relationship Management
Develop and maintain effective business relationships with all relevant external/internal entities and stakeholders with the highest standards of business ethics, whilst promptly attending to all critical issues in-order to ensure the services required by the organisation are delivered in the most effective manner.
Act as the Audit Business Partner for Line Managers within IB, WB & Credit teams and actively manage the relationship through regular meetings with Line Managers to promote this concept and identify emerging risks. Such meetings should also be used to discuss any material gaps between audit assessment or risks and controls and the businesses’ self-assessment.
Ongoing consultancy/advice is provided to Unit management from a governance, risk management and control perspective for improvements in their processes to ensure effective and efficient controls, on the basis of market best practices.
On an ongoing basis, ensure pending audit issues are followed up with Unit management and that all corrective actions are fully and properly implemented.
Conduct any investigations/special reviews assigned by Head of Audit/GCAO.
Reporting
Ensure that all functional reports are prepared timely and accurately and meet Group requirements, policies and quality standards.
Responsibilities
Specific Accountability
Maintain up to date knowledge and understanding of IB, WB & Credit control processes (e.g. Relationship Management, Credit Underwriting and Credit Risk Management,) and CBUAE regulatory reporting developments,; drive necessary changes in Audit plan/working programs.
Safeguard against potential loss and contributing to the Units/Departments systems and procedures, by reporting whether Credit/operational controls of FAB standards are effectively carried out and are efficient in the units/departments audited.
Review the IB, WB & Credit functions of the bank end to end and identifying areas of correction / improvement.
Examine and comment on the process for the early recognition of problems (if any) and their remedial management to minimise the loss.
Contribute towards the enhancement of relationship between GIA and stakeholders.
Qualifications
Minimum Qualification
Bachelor’s degree in Finance
Relevant post-graduate qualification and/or progress towards relevant professional qualification (CA/CFA/FRM) and/ or certification is desirable.
Minimum Experience
Minimum 3+ years’ relevant experience with an International Bank or Big 4. Internal Audit experience strongly preferred (but not mandatory).
Working knowledge of Corporate Relationship Management & Credit activities and processes and associated risks.
Working knowledge of bank and audit policies and procedures, as well as Central Bank regulations, if relevant Self-directed, able to manage multiple tasks and ability to work under pressure.
Good analytical skills.
Good verbal and written communication skills.
