Job Role : VP & Senior Audit Manager,CIB & Credit
In the roleof a Team Leader / Member, the Job holder is responsible forplanning and / or executing audits covering the activities andprocesses of Corporate & Investment Banking as well asrelated Credit activities across the FAB Group.
Thoroughunderstanding is expected of business / relationship aspects,product dynamics, credit risk management processes, global industrystandards and the regulatory environment, both in UAE and otherrelevant
jurisdictions where FAB operates. The role isexpected to provide assurance to Management by identifyingweaknesses; reporting and escalating significant Audit findings ina timely manner;
and agreeing action plans to address the issuesraised.
The Job Holder is expected to act as the day today contact with Management in CIB & CIB Credit Departmentsinfluencing change through providing advice and provide input toGIA on issues that have impact to the FAB Group as a whole.
Conductspecial investigations, reviews, additional tasks as and whenrequired by SVP & Head of Audit CIB / GCAO.
Assisting in the audit of FABGroup’s CIB (including Global Markets and CorporateFinance) as well as CIB Credit functions and related activities inthe UAE and across the international network(functional).
Ensure that business, productand credit audits are conducted in accordance with the objectiveslaid down in the Annual Plan and ensure that the work program iscompleted in an efficient and effective manner on or ahead ofschedule.
Inform Head of Audit of any potential delays and / orchanges to the Annual Plan.
People Management (InUndertaking Audits)
Provide guidance and on the job training for juniorcolleagues and conduct knowledge sharing to facilitate achievementof team objectives and completion of tasks in an efficient mannerwhich is consistent with operating procedures andpolicy.
Promote the organisation’svalues and ethics in all activities within the team to support theestablishment of a value drive culture within the bank
Budgeting and Financial Performance
Monitor the financialperformance of a given area of activity versus budgets and ensureall activities are carried out in line with the approved guidelineswhile promptly reporting on any variances to management.
Policies, Systems, Processes &Procedures
Execute toestablished GIA Policies, Guidance Notes, Procedures and PracticeNotes in undertaking all tasks.
Provide input to thedevelopment of GIA practices as per industry standards andregulatory expectations.
Review all theactivities of the Units within the CIB Portfolio and the relatedcredit risk management activities in all the jurisdictions in whichthe Portfolio operates to define and maintain the Audit Universe.
Coordinate with other teams to ensure efficient and effectivecoverage.
Prepare and maintain a RiskAssessment of each of the Process Streams within the CIB / CIB CreditPortfolio as identified in the Audit Universe.
In this respect,work with the businesses to promote periodic self-assessment ofrisks and controls.
Establish / update andmaintain Audit programs in the central audit managementtool.
Conduct audits of the Processes withinthe CIB & CIB Credit Portfolio and assess if :
Divisional / Unit Line management have identified andclassified the risks in their activities.
Governance, risk management and control procedures areadequate, effective and efficient to reduce risks of errors,omissions and loss to acceptable levels at an acceptablecost.
Improvements / enhancements to thegovernance, risk management and internal control structure arerequired.
Data and transaction processingmeets the required standards of reliability, integrity andavailability.
TheDivision’s / Unit’s assets are beingsafeguarded.
The use of resources is efficientand effective.
Draft audit report submitted byauditors are properly reviewed and finalized.
Audit report is discussed and finalized with GIAmanagement / client within 3 weeks of completion offieldwork.
Negotiate with Unit management toagree a documented Management Action Plan to resolve the issuesraised
Lead the identification ofchange through continuous improvement of processes and practicesconsidering global standards and changes in the businessenvironment which demand proactive action plans.
Develop and maintaineffective business relationships with all relevantexternal / internal entities and stakeholders with the higheststandards of business ethics, whilst promptly attending to allcritical issues inorder to ensure the services required by theorganisation are delivered in the most effective manner.
Act as the Audit Business Partner for Line Managerswithin the CIB & CIB Credit teams and actively managethe
relationship through regular meetings with LineManagers to promote this concept and identify emerging risks. Suchmeetings should also be used to discuss any material gaps betweenaudit assessment or risks and controls
and thebusinesses’ self-assessment.
Ongoingconsultancy / advice is provided to Unit management from agovernance, risk management and control perspective forimprovements in their processes to ensure effective and efficientcontrols, on the basis of
On an ongoing basis, ensure pendingaudit issues are followed up with Unit management and that allcorrective actions are fully and properly implemented.
Conduct any investigations / special reviews related toCompliance activities assigned by Head of Audit / GCAO.
Ensure that all functional reports areprepared timely and accurately and meet Group requirements,policies and
Safeguarding against potential loss and contributing tothe Uits / Departments systems and procedures, by reporting whetherCredit / Operational controls of FAB standards are effectivelycarried out and are efficient inthe units / departmentsaudited
Reviewing the CIB & relevantcredit functions of the bank end to end and identifying areas ofcorrection / improvement
Analyse, evaluate andreport the quality of assets and their classification andprovisioning
Examine and comment on theprocess for the early recognition of the problem and their remedialmanagement to minimise the loss
Preparation / Review of Audit MIS / dash Boards including audit committeepresentation slides relating to CIB & Credit
Maintain up to date knowledge and understanding of keyproduct, processes and regulatory developments,;drive necessarychanges in Audit plan / working programs;
Contributing towards the enhancement of relationshipbetween GIA and stakeholders
Keeping abreastof the local and international economic trends, banking practicesand regulatory prescriptions
Frameworks, Boundaries,& Decision Making Authority
Functions within the framework and boundariesof Group Internal Audit policies as well as overall organizationaland governance frameworks.
Authorised to takedecisions as per the approved authorisation matrix.
Relevant post-graduate qualification and / or relevantprofessional qualification (CA / CFA / FRM) and / or certificationdesirable.
8-10 years’ relevantexperience with an International Bank or Big 4. Internal Auditexperience preferred (but not mandatory).
At least 5 years insimilar positions with managerial responsibilities in the CorporateRelationship Management, Corporate Credit and / or Auditfunction.
Strong knowledge of creditactivities, processes and associated risks.
Good leadership capability and team-oriented with highlydeveloped problem-solving skills.
Self-directed, able to manage multiple tasks and abilityto work under pressure.
Excellent verbal and writtencommunication skills.