Job Role : VP & Senior Audit Manager,Operations & Support
A Team Leaderresponsible for planning and executing audits covering theactivities and processes of the Group’s Operations andSupport Functions domestically and in all international locationsas well as related peripheral activities across the FAB Group.
Through a thorough understanding of operational risks / controlsand any compliance / regulatory implications, both in UAE and otherrelevant jurisdictions where FAB operates, provide assurance toManagement by identifying weaknesses;
reporting and escalatingsignificant Audit findings in a timely manner; and agreeing actionplans to address the issues raised.
Act asthe day to day contact with Operations and SupportFunction’s Management and related areas influencingchange through providing advice.
Provide input to GIA on issuesthat have impact on the FAB Group as a whole. Conduct specialinvestigations, reviews, additional tasks as and when required byGIA Senior Management.
Assisting in the audit of FABGroup’s Operations & Support related activitiesdomestically and across the international network (functional).
Furthermore, Group Subsidiaries with Operational aspects may alsobe covered.
Ensure that operational audits areconducted in accordance with the objectives laid down in the AnnualPlan and ensure that the work program is completed in an efficientand effective manner on or ahead of schedule.
Inform Head of Auditof any potential delays and / or changes to the Annual Plan.
Provideguidance and on the job training for junior colleagues and conductknowledge sharing to facilitate achievement of team objectives andcompletion of tasks in an efficient manner which is consistent withoperating procedures and policy.
Promote theorganisation’s values and ethics in all activities withinthe team to support the establishment of a value driven culturewithin the bank.
Budgeting and FinancialPerformance
Monitorthe financial performance of given areas of activities versusbudgets and ensure all activities are carried out in line with theapproved guidelines while promptly reporting on any variances tomanagement.
Policies, Systems, Processes &Procedures
Execute toestablished GIA Policies, Guidance Notes, Procedures and PracticeNotes in undertaking all tasks. Provide input to the development ofGIA practices as per industry standards and regulatoryexpectation.
Review all the activities of theUnits within the Operations and Support related activitiesthroughout the Group in all the jurisdictions in which the Groupoperates to define and maintain the Audit Universe.
Coordinate withother teams to ensure efficient and effective coverage.
Prepare and maintain a Risk Assessment of each of theProcess Streams within the Operations and Support relatedactivities as identified in the Audit Universe.
In this respect,work with the businesses to promote periodic self-assessment ofrisks and controls. Establish / update and maintain Audit programs inthe central audit management tool.
Establish / update and maintain Audit programs in thecentral audit management tool.
Conduct auditsof the Processes within the Group’s Operations andSupport related activities 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 of fieldwork.Negotiate with Unit management to agree a documented ManagementAction Plan to resolve the issues raised.
Lead theidentification of change through continuous improvement ofprocesses and practices considering global standards and changes inthe business environment, which demand proactive actionplans.
Developand maintain effective business relationships with all relevantexternal / internal entities and stakeholders with the higheststandards of business ethics, whilst promptly attending to allcritical issues in-order to ensure the services required by theorganisation are delivered in the most effective manner.
Act as the Audit Business Partner for Line Managerswithin Operations / Support teams and actively manage therelationship through regular meetings with Line Managers to promotethis concept and identify emerging risks.
Such meetings should alsobe used to discuss any material gaps between audit assessment orrisks and controls and the businesses’self-assessment.
On-going consultancy / adviceis provided to Unit management from a governance, risk managementand control perspective for improvements in their processes toensure effective and efficient controls, based on market bestpractices.
On an on-going basis, ensurepending audit issues are followed up with Unit management and thatall corrective actions are fully and properlyimplemented.
Conduct anyinvestigations / special reviews assigned by Head ofAudit / GCAO.
Ensure that all functional reports areprepared timely and accurately and meet Group requirements,policies and quality standards.
Safeguarding against potential loss and contributing tothe Units / Departments systems and procedures, by reporting whetherOperational controls of FAB standards are effectively carried outand are efficient in the units / departments audited.
Reviewing the Operations and Support functions of thebank end to end and identifying areas of correction / improvement.
Examine and comment on theprocess for the early recognition of problems (if any) and theirremedial management to minimise the loss.
Preparation / Review of Audit MIS / dash Boards includingaudit committee presentation slides relating to audit conducted inthe Operations and Support space.
Maintain upto date knowledge and understanding of key product, processes andregulatory developments; drive necessary changes in Auditplan / working programs.
Contributing towardsthe enhancement of relationship between GIA and stakeholders.
Keeping abreast of the local and internationaleconomic trends, banking practices and regulatoryprescriptions.
Minimum Qualification :
Relevant post-graduate qualification and / or relevantprofessional qualification and / or certificationdesirable.
Minimum Experience :
Minimum 10years’ relevant experience with an International Bank orBig 4. Internal Audit experience strongly preferred (but notmandatory).
At least 5 years similar positions of progressivelyincreasing managerial responsibilities in the Operations, RiskManagement and / or Audit function.
Expertknowledge of banking oeprational activities and processes andassociated risks.
Strong leadership capabilityand team-oriented with highly developed problem-solvingskills.
Self-directed, able to manage multipletasks and ability to work under pressure.
Excellent analytical skills.
Excellent verbal and written communicationskills.