VP & Head of Audit- CCB- IB & Credit

Company Description

Now it's your time to join the bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We're looking for the brightest and best to help us reach our goals and we'll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.

Job Description Job Purpose

In the role of a Team Leader responsible for planning and executing audits covering the activities and processes of Wholesale Banking (WB) & Investment Banking (IB) in general and Global Corporate Finance (GCF) and Global Transaction Banking (GTB) Products in particular as well as related Credit activities across the FAB Group. Thorough understanding of business/relationship aspects, product dynamics across businesses, credit risk management processes and global industry standards and best practices. Awareness of data query tools will be an added advantage. 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 GCF/GTB as well as WB & IB Coverage and Credit Departments influencing change through providing advice. 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 Head of Audit WB, IB & Credit/GCAO.

Key Accountabilities Strategic Contribution

• Assist in the audit of FAB Group's WB & IB and related Credit functions and activities in the UAE and across the international network.
• Ensure business, product and credit audits are conducted in accordance with the objectives laid down in the Annual Plan and completed efficiently and effectively on or ahead of schedule.

People Management

• Provide guidance and on the job training for junior colleagues and conduct knowledge sharing to achieve team objectives efficiently.
• Promote the bank's values and ethics in all team activities to support a value driven culture.

Budgeting and Financial Performance

• Monitor the financial performance of the audit area versus budgets and report variances to management promptly.

Policies, Systems, Processes & Procedures

• Execute established GIA Policies, Guidance Notes, Procedures and Practice Notes, and provide input to the development of GIA practices as needed.
• Review units within the Corporate Portfolio and related credit risk management activities to define and maintain the Audit Universe.
• Coordinate with other teams to ensure efficient and effective coverage.
• Prepare and maintain a risk assessment for each Process Stream within IB/WB and the relevant Credit Portfolio.
• Establish, update and maintain audit programs in the central audit management tool.
• Conduct audits of processes and assess, among others: risk classification, control adequacy, governance effectiveness, data and transaction processing reliability, asset safeguarding and resource efficiency.
• Review draft audit reports, finalize them and discuss with GIA management/client within 3 weeks of fieldwork completion.
• Negotiate with unit management to agree documented Management Action Plans to resolve issues raised.

Continuous Improvement

• Lead identification of change through continuous improvement of processes and practices, considering global standards and the evolving business environment.

Relationship Management

• Develop and maintain effective business relationships with internal and external stakeholders, promptly addressing critical issues.
• Act as the Audit Business Partner for line managers within GCF/GTB across UAE & international locations.
• Provide ongoing consultancy and advice on governance, risk management and control improvements.
• Ensure follow up on pending audit issues and that corrective actions are fully implemented.
• Conduct investigations and special reviews related to compliance activities assigned by Head of Audit/GCAO.

Reporting

Ensure all functional reports are prepared timely and accurately, meeting group requirements, policies and quality standards.

Job Context & Specific Accountability

• Safeguard against potential loss by ensuring credit/operational controls are effectively carried out.
• Review WB/IB coverage, product and credit functions, identify areas for improvement.
• Analyse, evaluate and report on asset quality and provisioning.
• Examine early recognition of problems and remedial actions to minimise loss.
• Prepare and review Audit MIS dashboards including audit committee presentations.
• Maintain up to date knowledge of key products, processes and regulatory developments.
• Drive necessary changes in audit plans and working programs.
• Enhance relationships between GIA and stakeholders.
• Keep abreast of local and international economic trends, banking practices and regulatory prescriptions.

Qualifications Minimum Qualification

• Bachelor's degree.
• Relevant post graduate qualification and/or professional qualification and/or certification desirable (CA/MBA/CFA/FRM).

Minimum Experience

• years' relevant experience with an international bank or Big 4, specifically in GTB/GCF/IB. Internal audit experience preferred but not mandatory. At least 5 years in similar positions with managerial responsibilities.
• Expert knowledge of GCF/GTB activities, processes and associated risks.
• Strong leadership capability, team orientation and highly developed problem solving skills.
• Self directed, able to manage multiple tasks and work under pressure.
• Excellent analytical, verbal and written communication skills.

Senior Level

• Executive

Employment Type

• Full time

Job Function

• Accounting, Auditing and Finance
• Banking