Job Description

Job Title AVP & Audit Manager

Description

JOB PURPOSE: Participate in audits covering the activities and processes of compliance activities across the FAB Group ensuring that governance, risk management and controls are in place to mitigate the inherent risks of the business. Develop thorough understanding of both financial rime risk and regulatory compliance risk, both in UAE and other relevant jurisdictions where FAB operates, 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.Develop and position self as a subject matter expert. Participate in special investigations, reviews, additional tasks as and when required by GIA Senior Management.KEY ACCOUNTABILITIESJob Specific Accountabilities:Perform audits as per the approved Risk Based audit yearly plan.Interpret FAB business issues and recommend best practices.Effectively communicates audit issues and perceived risks.Receives training and performs duties in several departments that are customised to the development plan.Monitors performance progress with management and key trainers.Observes experienced workers to acquire knowledge of methods, procedures, and standards required for performance of departmental duties.Job Context BehaviouralAct as a role model and drive adherence to organisational values and ethics by employees of the assigned department to foster a value driven culture within the Group.Audit Plans and ProgramsWork closely with the Compliance Audit Team, assist with providing inputs, and support the implementation of the annual Compliance Audit Plan to assess the level of adherence to the GIA policies and procedures and identify risks and the appropriate tools to control them.Audit Execution and follow-upLearn and eventually perform audit assignments on the Compliance related systems and activities to identify areas of risk, assess internal control measures, and ensure adherence to GIA policies and procedures, so that operational efficiency is maximized.Assist the Audit team in ensuring that sampled transactions related to Compliance activities are genuine, authorized, and carried out in compliance with Group policies and procedures.Assist with reviewing audit reports drafted by Compliance auditors to ensure they are comprehensive and accurate in their key observations and findings, address the main audit concerns and provide value added recommendations for improvements.Following up on pending audit issues with Unit management and that corrective actions are fully and properly implemented.Audit work is performed efficiently and effectively by focusing on the risk areas identified at the planning phase and in fieldwork.Audits are performed in accordance with approved audit programs and that audits are executed on time and within budget.All audit work and programs comply with the policies and procedures laid down in the GIA Manual, standards set by the IIA and market best practices, where applicable and are produced in a timely manner during fieldwork.Discussions are held with Unit management in order to verify facts and obtain explanations of and reasons for apparent deficiencies.Appropriate use of electronic working papers, audit tools and sources of knowledge (by self and the team).Evidence is obtained, analyzed and appraised as a basis for an informed, objective opinion to evaluate the effectiveness of the key controls and efficiency of performance of the Unit being audited. Review appropriate transactions, documents, records, reports to confirm their accuracy and effectiveness and record all findings in a manner that provides relevant and reliable evidence to support conclusions.Findings are discussed with team members / Unit staff and delivered in a timely manner. Material issues identified are discussed with team members and escalated to GIA Senior Management as identified.Additional tasks are undertaken diligently and in an effective and timely manner.All interactions with the team and Unit staff are conducted in a professional and objective manner.Internal CoordinationAssist and support the Compliance Audit Team to actively manage the relationship through regular meetings with Line Managers to promote this concept and identify emerging risks.Continuous ImprovementAssist with the identification of opportunities for continuous improvement and sustainability of systems, processes and practices considering global standards, productivity improvement and cost reduction.Pursue relevant compliance and audit qualifications (i.e. CIA/CAMS/CFE)ReportingAssist with department reports, ensure are prepared timely and accurately, and meet Group requirements, policies and quality standards.FRAMEWORKS, BOUNDARIES, & DECISION MAKING AUTHORITY: Functions within the framework and boundaries of Group Internal Audit policies as well as overall organizational and governance frameworks.QualificationsQUALIFICATIONS & EXPERIENCE: . Bachelor degree, majoring in Banking, Finance, Law, Accounting, Economics and Business (or any degree of interest to FAB).. Minimum 5 years' experience in a similar role with a proven track record.. Strong written, verbal, analytical and presentation skills.. Proficiency in Word, Excel, and PowerPoint.. Good knowledge of bank and audit policies and procedures, as well as UAE Central bank regulations.. Good knowledge of Compliance related activities and processes and associated risks.. Team-oriented and able to manage/prioritize multiple tasks.

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