Senior Manager, Personal Banking Audit

Job Purpose

• Support preparation of Annual Risk Based Audit Plans for all functions within the Personal Banking business.
• Perform semi-annual risk assessments of audit entities.
• Perform risk based audits, investigations, and consultancy assignments.
• Prepare audit reports and ensure completeness of documentation on Teammate.
• Perform continuous auditing of assigned areas/ product specialization.
• Work with management on plans to mitigate risk.
• Participate in preparation of Board and Management committees presentations.
• Conduct periodic follow up exercise and review closure of open observations.
• Mentor and train junior staff on best practices and enhance their skills in conducting audit assignments.

Principal Accountabilities

• Contribute to developing the strategic plan of audit
• Implementing the strategic plan developed by CAE
• Contribution to the Bank's strategy and performance
• Add value and suggest improvements to the IA policy and procedures document to reflect actual processes
• Adherence to Audit's policies and procedures
• Lead and execute the targeted annual development plans for IA staff
• Accurate escalation to the line manager about team performance & assessment of team needs
• Enhancing skills by acquiring Internationally recognized certifications
• Articles and standards shared with staff and discussion performed to improve staff knowledge and skills
• Provide a supportive learning environment by offering on-the-job training opportunities for new team members, especially UAE nationals.
• Serve as a mentor to junior team members, offering guidance and support as they navigate their roles within the department.
• Suggest new assignments
• Good quality and up to date risk assessment
• Audit plan structure is well designed and achievable
• Lead the audit team to achieve set timelines
• Carries out audit assignments with objectivity
• No conflict of interest
• Able to manage and resolve conflicts with minimal intervention by CAE

Planning:

• Approved Planning methodology is implemented.
• Audit planning is well structured, covering all risky areas
• Audit team is efficiently utilized and adhere to scope and objectives.
• Contribute to the cost effectiveness of the department.
• Coordinate and plan activities as effectively as possible.

Fieldwork:

• Audit tests are carried outas prescribed and within agreed time frames
• Audit work papers comply with IIA standards.
• High risk and regulatory observations are escalated immediately to CAE.
• Conflict between team members is minimal and effectively managed.
• Conflict with auditees is effectively managed. Fieldwork is conducted in accordance with the Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal Auditing
• Manage the exit meeting in a professional manner Maintain professional behavior with auditees
• Risks and impacts are properly assessed and promptly reported to protect the Bank's interest.

Reporting:

• Prepare a comprehensive executive summary that reflects the key risks and management risk awareness.
• Follow the IA risk rating methodology in assigning the risk rating.
• Timely completion of audit reports and special projects.
• Explain risks to auditees and identify root causes within an efficient time frame.
• Audit reports address the main audit concerns and provide value added recommendations for improvements.

Follow up:

• Follow up on management actions addressing risks identified in audit issues to ensure they are implemented.
• Continuous audit for identified key risk areas undertaken periodically and results escalated.
• Update the list of reports to be tested periodically
• Testing is effective and results are accurate
• Action taken by audit team members is tested for quality assurance.
• Identify new initiatives, projects, products and operational changes at an early stage
• Maintaining effective & professional working relationships with all Bank employees.
• Initiate feedback on completed audit reviews and ensure obtaining response from auditees and management on the quality and usefulness of audit services
• Average time taken to complete an audit from planning to reporting to be within the budget.
• Ensure timely attendance and punctuality.

Experience & Qualifications

• University graduate in accounting, commerce or finance
• Internationally recognized accounting/auditing qualification: ACA, CPA, CIA, CISA, etc.)
• Certified Anti Money Laundering Specialist (CAMS)
• 10+ years internal/external auditing experience in the Financial Services industry
• 8+ years experience in banking Internal Audit with experience in auditing all areas of Personal Banking including Asset Products, Liabilities, Digital Banking, Investment Products, Customer Experience,
• Experience of auditing AML/CFT, regulatory compliance and Consumer Protection Regulations
• Currently working in a Manager role in a Bank in UAE in which audit assignments were conducted independently with minimum supervision.