Internal Auditor Rak Bank

The Internal Auditor will be an integral member of the Group Internal Audit team and contribute to the delivery of the annual audit plan by independently leading and participating in the execution of risk-based audits, performing ongoing business monitoring and risk assessments of assigned business areas.

This role will be reporting to Senior Vice President & Head of Internal Audit - Wholesale & Business Banking, you will work closely with 3 dynamic team members within the team alongside 12 other members within the department.

What You ll Be Doing:

• Support Audit Management in developing the annual audit plan by conducting thorough risk assessments to identify high-risk auditable entities and prioritize them for inclusion.
• Independently lead and execute audits across business and risk areas using advanced auditing techniques and data analytics, ensuring alignment with Internal Audit methodology and IIA standards.
• Perform effective risk-based planning to scope in high-risk areas and de-scope lower-risk areas, optimizing audit coverage and resource allocation.
• Direct and complete high-quality audit fieldwork within strict timelines, ensuring well-documented work papers and audit evidence that meet professional standards.
• Review audit work performed by team members to ensure adequacy of coverage, quality of documentation, and alignment with the agreed Terms of Reference.
• Develop factually accurate, insightful audit recommendations and communicate them clearly to stakeholders, securing robust management action plans that address root causes.
• Draft comprehensive audit reports for the Board and senior management, summarizing key findings and providing strategic insights gained during the audit process.
• Recommend and agree on overall audit ratings with senior audit leadership and ensure permanent and current audit files are maintained to a high standard.
• Continuously engage with stakeholders to stay informed of business changes, perform periodic risk assessments, and support continuous monitoring and issue remediation.
• Challenge existing processes and procedures constructively, identifying opportunities for improvement and participating in consulting assignments as needed.
• Motivate and coach audit team members, providing timely, constructive feedback to enhance professional development and build a high-performing audit function.
• Contribute to the development and implementation of Internal Audit methodology, participate in investigations, and ensure compliance with IIA and internal quality assurance standards.