Summary

The incumbent should have the required skills, knowledge and competence to focus on a wide range of risks in different businesses, particularly on financial crime risks (FCR) and to contribute to the evolution of the Financial Crime Audit strategy. The responsibility includes leading and managing the Head Office Financial Crime Compliance, International Branches’ and International Subsidiaries’ Financial Crime Compliance audits covering both first and second lines of defence to assess the Group’s programs to combat financial crime risks across different jurisdictions, divisions, and portfolios, in line with approved audit plan and applicable best practices, including but not limited to the Standards for the Professional Practice of Internal Auditing (SPPIA), and applicable local regulatory requirements.

Moreover, this position will be responsible for Planning, overseeing and directing the activities of the FCR audit team to achieve the goals of the FCR audit through setting clear and measurable targets. The above role will also extend to the secondary responsibilities assigned to the incumbent in terms of specific audit activities/ functions/ departments and special projects covering Head Office, International branches and subsidiaries, as assigned by his superiors, in addition to his primary responsibilities. The above covers Domestic & International businesses, covering both International branches and subsidiaries

Experience

• Development of a comprehensive FCR Audit Coverage Framework to cover the role and mandate of FCR Audit team through dedicated FCR Audits, the role of all other Audit teams within GIAD through other audit assignments covering FCR related areas. The framework should encompasses areas including key FCR regulatory developments, key international regulatory standards and guidelines, FCR audit universe and FCR audit approach.

• Identifying FCR universe and ensuring all risks are covered either through dedicated financial crime audits or through other audits by Group Internal Audit;

• Performing the FCR assessment for Head Office and International branches considering various risk elements to develop the Financial Crime annual audit / risk review plan for submission, based on the FCR assessment conducted for the incumbent’s area of responsibility;

• Assessing the adequacy and effectiveness of the Bank’s financial crime compliance framework and its implementation across both lines of defence at Group level, including international branches and subsidiaries;

• Performing End-to-End financial crime audits across the first & second lines of defence including all lines of business, support and control functions, and making recommendations that address root causes & specify expected outcomes;

• Close coordination with all other audit teams within Group Internal Audit to enhance the FCR audit standards, and provide guidance and support to ensure adequate and consistent coverage of FCR in respective audits;

• Integrate data analytics into audit methodology. Use of data analytics to identify different data patterns to identify control breakdowns and crystallized risk missed by First & Second Lines;

• Implement and execute the FCR Audit plan approved by the Group Board Audit & Compliance Committee and ensure completion of the same within the assigned period. Also responsible for submitting status reports on the various assignments in progress to the SVP Special Reviews and Global Financial Crime Audits explaining the reasons for the delay in the completion of individual assignments, if applicable;

Qualifications

• Bachelor degree in finance, economics, accounting, banking or other related subjects

• Professional certifications such as CIA / CMA / CPA / CA / ACCA / CISA / CFE / CAMS/ICA

• 12+ years audit experience in a major International bank or leading audit firm, out of which 8 years in a managerial role, in a major International bank in Audit/Financial Crime Compliance areas

• Strong analytical skills and the ability to communicate both verbally and in writing with all levels of management

• Strong background on FCR in addition to proficiency in other risk concepts, banking operations / systems and pertinent regulatory requirements;

• FCR subject matter expertise gained in a financial services industry

• Strong risk and control mindset

• Excellent team building and leadership skills, to be able to empower a team and manage performance;

• Flexible team player and able to execute tasks within tight deadlines

• Knowledge of applicable International Accounting and Auditing Standards and Financial Crime related regulations and guidance