Assistant Manager Group Internal Audit RAKBANK Dubai

  • Full time
  • Dubai, UAE
  • Posted 3 weeks ago
  • 20000-35000 AED / Month

RAKBANK Dubai is presently hiring suitable candidate for the job role of Assistant Manager Group Internal Audit. This is full time role and it was announced by the bank on March 27, 2024. If you are willing for this role then submit your application now.

Responsibilities of Assistant Manager Group Internal Audit

  • To be responsible for contributing to the delivery of the annual audit plan by independently leading and participating in the execution of risk based audits, performing ongoing business monitoring and risk assessments of assigned business areas.
  • To be responsible for supporting the Heads of Audit and Group Chief Audit Officer to provide assurance on the adequacy and effectiveness of the internal control, risk management and governance framework, systems and processes for allocated business and risk areas.
  • Assist Audit Management in the annual audit planning process by performing effective risk assessments to identify high risk auditable entities for inclusion in the annual audit plan.
  • Independently lead/ perform audits of allocated Finance, Treasury, Compliance and Risk areas using advanced auditing techniques and data analytics.
  • Lead / perform effective risk based planning of audits to identify and scope in high risk areas and de-scope lower risk areas.
  • Direct / perform/ complete high quality, well documented audit fieldwork in accordance with Internal Audit methodology.
  • Review work done by team members to confirm adequacy of audit coverage, quality of work papers and alignment with the Terms of Reference.

What You’ll Do More?

  • Produce factually accurate, insightful audit recommendations in a clear and concise manner, communicate them with stakeholders and agree robust management action plans that address the root causes.
  • Draft audit report to the Board and senior management, summarizing audit recommendations and providing valuable insight.
  • Recommend / agree overall audit rating with Senior Manager, Group Internal Audit before presenting to Director Group Internal Audit for approval.
  • Ensure that permanent and current audit files are maintained at a high standard.
  • Continuously engage with stakeholders at various levels to understand changes to the business, perform periodic risk assessment.
  • Assist in the execution of continuous monitoring, recommendation follow up and validation of Internal Audit and Regulator identified issues remediation.
  • Proactively engage with stakeholders to challenge and question existing processes and procedures with a view to developing the business through process improvements.
  • Keep Senior and Middle Management informed of all relevant findings from ongoing audits as well as progress on remediation of open findings from previous audits.
  • Motivate team members to build effective audit teams and improve engagement across the department.
  • Coach team members on and off audits to build their knowledge and up-skill the team on area of expertise.
  • Provide honest, constructive feedback to team members on a timely basis with the aim of furthering their professional development.

Requirements of Assistant Manager Group Internal Audit

  • Bachelors degree in Business, Finance, Accounting, Economics or related field.
  • At least 8 years Audit experience in areas not limited to Retail and Commercial Banking, Corporate Banking and Financial Institutions.
  • Experience with Finance, Risk, Compliance and Treasury processes.
  • Experience of core banking applications like Finacle and other surround systems like Moody’s Rating, Data analytic tools, etc.

Skills and Knowledge Desired

  • Strong interpersonal skills for interfacing and building effective working relationships with all levels of audit and business personnel and management.
  • Excellent communication skills.
  • Attention to details.
  • Specialist knowledge of Banking products and processes, Basel requirements, Central Bank of UAE’s regulations and risk based audits.
  • Knowledge of IIA standards, audit principles, practices, and methodologies.
  • Excellent understanding of regulatory requirements expected by CBUAE and other areas such as Basel requirements, credit risk, AML risk, operational risk, IT controls etc.

Job Benefits

  • Pay for performance culture (Competitive and performance linked compensation).
  • Provision of medical care plan for your family and you.
  • Comprehensive Life insurance plan.
  • Diverse workforce and inclusive culture.
  • Career development and growth opportunities by design.
  • Work with the best minds in the field.
  • Get opportunities to bring your whole self to the organization and perform to your best.

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