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Company Description
Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation.
We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.
Job Description
JOB PURPOSE:
In the role of a Team Leader / Member, the Job holder is responsible for planning and /or executing audits covering the activities and processes of Corporate, Commercial Banking (CCB) & Investment Banking in general and as well as related Credit activities across the FAB Group. Experience in auditing various Corporate Finance & Transaction Banking products will be an added advantage. Thorough understanding is expected of business/ relationship aspects, product dynamics, credit risk management processes, global industry standards and the regulatory environment, both in UAE and other relevant jurisdictions where FAB operates. The role is expected to provide assurance to Management by identifying weaknesses; reporting and escalating significant Audit findings in a timely manner; and agreeing action plans to address the issues raised.
The Job Holder is expected to act as the day to day contact with Management in CCB, IB & Credit Departments influencing change through providing advice and provide input to GIA on issues that have impact to the FAB Group as a whole. Conduct special investigations, reviews, additional tasks as and when required by SVP & Head of Audit CCB, IB/GCAO.
KEY ACCOUNTABILITIES:
Strategic Contribution
Assisting in the audit of FAB Group’s CCB, IB (including Global Transaction Banking and Corporate Finance) as well as Credit functions and related activities in the UAE and across the international network (functional).
Ensure that business, product and credit audits are conducted in accordance with the objectives laid down in the Annual Plan and ensure that the work program is completed in an efficient and effective manner on or ahead of schedule. Inform Head of Audit of any potential delays and/or changes to the Annual Plan.
People Management
In undertaking audits:
Provide guidance and on the job training for junior colleagues and conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner which is consistent with operating procedures and policy.
Promote the organisation’s values and ethics in all activities within the team to support the establishment of a value drive culture within the bank
Budgeting and Financial Performance
Monitor the financial performance of a given area of activity versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management.
Policies, Systems, Processes & Procedures
Execute to established GIA Policies, Guidance Notes, Procedures and Practice Notes in undertaking all tasks. Provide input to the development of GIA practices as per industry standards and regulatory expectations.
Review all the activities of the Units within the CIB Portfolio and the related credit risk management activities in all the jurisdictions in which the Portfolio operates to define and maintain the Audit Universe. Coordinate with other teams to ensure efficient and effective coverage.
Prepare and maintain a Risk Assessment of each of the Process Streams within the CCB, IB & Credit Portfolio as identified in the Audit Universe. In this respect, work with the businesses to promote periodic self-assessment of risks and controls.
Establish/update and maintain Audit programs in the central audit management tool.
Conduct audits of the Processes within the CIB & CIB Credit Portfolio 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 report submitted by auditors are properly reviewed and finalized.
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 the CIB & CIB 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 related to Compliance activities 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.
Specific Accountability
Safeguarding 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
Reviewing the CCB, IB & relevant credit functions of the bank end to end and identifying areas of correction / improvement.
Analyse, evaluate and report the quality of assets and their classification and provisioning.
Examine and comment on the process for the early recognition of the problem and their remedial management to minimize the loss
Preparation / Review of Audit MIS/ dash Boards including audit committee presentation slides relating to CIB & Credit
Maintain up to date knowledge and understanding of key product, processes and regulatory developments, drive necessary changes in Audit plan/working programs.
Contributing towards the enhancement of relationship between GIA and stakeholders
Keeping abreast of the local and international economic trends, banking practices and regulatory prescriptions
Qualifications
QUALIFICATIONS & EXPERIENCE:
Minimum Qualification
▪ Bachelor’s degree.
▪ Relevant post-graduate qualification and/or relevant professional qualification (CA/CFA/FRM) and/ or certification desirable.
Minimum Experience
8-10 years’ relevant experience with an International Bank or Big 4. Internal Audit experience preferred (but not mandatory). At least 5 years in similar positions with managerial responsibilities in the Corporate Relationship Management, Corporate Credit and/or Audit function.
Strong knowledge of credit activities, processes and associated risks.
Good leadership capability and team-oriented with highly developed problem-solving skills.
Self-directed, able to manage multiple tasks and ability to work under pressure.
Excellent analytical skills.
Excellent verbal and written communication skills.
DETAILS TO REGISTER FOR THIS JOB:
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