AVP & Audit Manager, CCB, IB & Credit

Participate as well as lead audits covering the activities and processes of Investment Banking (IB), Wholesale Banking (WB) Coverage, Products and relevant Credit activities across the FAB Group. Experience in Transaction banking and Credit Risk Management will be an added advantage. Thorough understanding of business/relationship aspects, corporate banking products, credit risk management 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.

Act as the day to day contact with Management in IB, WB & Credit Departments influencing change through providing advice. Provide input to SVP / VP & Head of Audit / VP & Senior Audit Manager on issues that have impact on the FAB Group as a whole. Assist in conducting special investigations, reviews, and additional tasks as and when required by SVP / VP & Head of Audit.

• Assisting in the audit of FAB Group's IB, WB (including Global Transaction Banking and Global Corporate Finance), as well as Credit and Credit Risk related functions and 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 that the work program is completed efficiently and effectively on or ahead of schedule. Inform the Head of Audit of any potential delays and/or changes to the Annual Plan.

• 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 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 driven culture within the bank.

• Monitor the financial performance of given activities versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management.

• Execute established GIA Policies, Guidance Notes, Procedures and Practice Notes in all tasks. Provide input to develop GIA practices as per industry standards and regulatory expectations.
• Review all activities of the Units within IB and WB portfolio and credit & credit risk related activities in all 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 IB, WB & Credit Portfolio and applicable subsidiaries (e.g., international entity) as identified in the Audit Universe. Work with 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 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 reports submitted by auditors are properly reviewed and finalized.
  • Audit worksheets and audit reports are discussed and finalized with GIA management/client within three weeks of completion of fieldwork. Negotiate with Unit management to agree a documented Management Action Plan to resolve the issues raised.

• 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.

• Develop and maintain effective business relationships with all relevant external/internal entities and stakeholders with the highest standards of business ethics, whilst promptly addressing all critical issues to ensure the services required by the organisation are delivered most effectively.
• Act as the Audit Business Partner for Line Managers within IB, WB & Credit teams and actively manage the relationship through regular meetings, promoting the concept and identifying emerging risks. Use these meetings to discuss any material gaps between audit assessments or risks and controls and the businesses' self assessment.
• Provide ongoing consultancy/advice 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.

• Ensure that all functional reports are prepared timely and accurately and meet Group requirements, policies and quality standards.