VP & Senior Audit Manager Full-time Job

3 weeks ago   Others   Abu Dhabi   35 views Reference: 33654
Job Details

KEY ACCOUNTABILITIES:

Strategic Contribution

Assisting in the audit of FAB Group’s CBG & PB as well as associated Credit functions and related activities in the UAE and across the international network (functional). Furthermore, Group Subsidiaries including FABS in UAE will be covered.

Ensure that CBG Business, Mass & Elite Products, Credit & Collections 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 organization’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 given areas 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 CBG & PB 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 CBG, PB, relevant Credit Portfolios and Subsidiaries 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 these Auditable entities 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 organization are delivered in the most effective manner.

Act as the Audit Business Partner for Line Managers within the CBG, PB, relevant Credit Portfolios and Subsidiaries 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.

Company Description
FAB, the UAEs largest bank and one of the worlds largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
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.