Audit Manager Full-time Job2 weeks ago Others Abu Dhabi 20 views Reference: 27395
Assisting in the audit of FAB Group’s ERM & GM functions and related activities in the UAE and across the international network (functional). Furthermore, Group Subsidiaries under Group ERM & GM governance will be covered.
Ensure that ERM & GM 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.
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 organization’s values and ethics in all activities within the team to support the establishment of a value driven culture within the bank.
Budgeting and Financial Planning
Monitor the financial performance of given areas of activities 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 ERM & GM portfolio in all the jurisdictions in which they operate 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 ERM & GM and applicable subsidiaries (e.g. international entity) 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
Establish/update and maintain Audit programs in the central audit management tool.
Conduct audits of the Processes within the ERM & GM 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.
Headquartered in Abu Dhabi, in Khalifa Business Park, the banks international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.
To empower its customers and clients to Grow Stronger, FAB is initiating a powerful movement, which goes beyond banking. The Grow Stronger movement represents the banks promise to support its stakeholders goals and growth ambitions, providing ideas, tools and expertise to help them become stronger, today and in the future. Through a strong, diversified balance sheet, leading efficiency and a solid corporate governance structure in place, FAB is set to drive growth forward.