Role Summary

The role is responsible for conducting individual audit assignments/ reviews in accordance with the approved audit plan and making practical/ feasible recommendations for mitigating risks/ improving controls and processes.

You will ensure adherence to internal auditing best practices, including but not limited to the Standards for the Professional Practice of Internal Auditing (SPPIA).

The above role will also extend to the secondary responsibilities assigned to the Operations & Retail Audit team in terms of specific activities/ functions/ departments to be audited, in addition to the primary responsibility with respect to the Operations & Retail Banking activities/ functions.

Role Description

Responsibilities to include:

Timely identification and reporting of instances/ risks noted in the individual assignments (pertaining to operations/ retail audits and the other functions/ activities assigned as mentioned above) to his superiors that entail probable financial loss or regulatory non-compliance and could result in monetary penalties/ reputation damage.

Perform individual audit assignments/ reviews (pertaining to operations/ retail audits and the other functions/ activities assigned as mentioned above) to provide assurance to the relevant auditee and executive management on the adequacy and effectiveness of the internal controls in place within the respective unit/ area, including the extent of compliance with the applicable manuals/ policies/ procedures and recommending amendments to the same.

Identify and evaluate the risks involved on the individual audit assignments by using the risk assessment methodology/ parameters developed by Group Internal Audit (GIA).

Determine the quality of the retail credit exposures comprising the portfolio under review and make practical/ feasible recommendations to improve the portfolio quality.

Adhere to the procedures/ guidelines contained in the internal audit manual in the conduct of day-to-day responsibilities/ tasks, encompassing audit planning, fieldwork, reporting of draft audit findings to auditee management and obtaining their responses on the findings raised.

Prepare the audit programs for the audits assigned and ensure the audit procedures adequately cover the area under review.

Ensure the findings raised are factually correct and adequately reflect the deficiency/ non-compliance noted during the audit process.

Prepare draft reports on timely basis for submission to the audit/ assignment in-charge for his review .

Conduct post-audit follow-up of audit reports and ensure compliance with recommendations.   

Qualifications

The successful candidate will hold a Bachelor degree in finance, accounting, economics, banking or other related subjects

A professional qualification such as CIA / CMA / CPA / CA/ ACCA.

Minimum of 5 years’ experience in operations and retail banking audits of which 2 years in a senior role with a major bank with specific knowledge of operations and retail banking issues

The following skills are also preferred:

Well-developed oral and written communication skills in English and Arabic (preferred).

Understanding of Basel Committee best practices pertaining to the area of responsibility.

Working knowledge of MS Office Suite and Computer Assisted Audit Techniques (CAATs) viz.  Audit Command Language (ACL).

Working knowledge of applicable International Accounting Standards (IAS) and related pronouncements.