VP & Head of Audit, Personal, Wealth & Commercial Banking
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Key skills for this role
About the Role
First Abu Dhabi Bank (FAB) seeks a VP & Head of Audit for Personal, Wealth & Commercial Banking to plan and execute audits covering the Group's banking functions domestically and internationally.
Key Skills for This Role
Responsibilities
- Plan and execute audits covering the activities and processes of Group's Personal Banking, Commercial Banking & Subsidiaries (Coverage and Credit) Functions domestically and internationally
- Act as the day to day contact with Management influencing change through providing advice
- Provide guidance and on the job training for junior colleagues and conduct knowledge sharing
- Monitor the financial performance of given areas of activities versus budgets
- Execute to established GIA Policies, Guidance Notes, Procedures and Practice Notes in undertaking all tasks
- Prepare and maintain a Risk Assessment of each of the Process Streams as identified in the Audit Universe
- Conduct audits of the Processes and assess governance, risk management and control procedures
- Draft audit report submitted by auditors are properly reviewed and finalized
- Lead the identification of change through continuous improvement of processes and practices
- Develop and maintain effective business relationships with all relevant external/internal entities and stakeholders
- Act as the Audit Business Partner for Line Managers and actively manage the relationship
- Conduct any investigations/special reviews assigned by Head of Audit/GCAO
Requirements
- Bachelor's degree
- Minimum 10 years' relevant experience with an International Bank or Big 4
- At least 5 years similar positions of progressively increasing managerial responsibilities in the Risk Management/Audit function
- Expert knowledge of Business & Credit activities and processes and associated risks
- Strong leadership capability and team oriented with highly developed problem solving skills
- Self directed, able to manage multiple tasks and ability to work under pressure
- Excellent analytical skills
- Excellent verbal and written communication skills
- Relevant post graduate qualification and/or relevant professional qualification and/or certification desirable
Full Job Posting
Job Purpose
- A subject matter expert responsible for planning and executing audits covering the activities and processes of Group's Personal Banking, Commercial Banking & Subsidiaries (Coverage and Credit) Functions domestically and in all international locations as well as related peripheral activities across t
- Thorough understanding of business/relationship aspects, product dynamics across Personal Banking, Wealth, Credit and Credit risk management processes and the regulatory environment, both in UAE and other relevant jurisdictions where FAB operates.
- Act as the day to day contact with Management influencing change through providing advice.
Key Accountabilities
- End to end Managing the audit of FAB Group's Business, Product & Credit related activities in the UAE and across the international network (functional).
- Ensure that relevant verticals audits are conducted in accordance with the objectives laid down in the Annual Plan and ensure that the work program is completed in an efficient and effective manner on or ahead of schedule.
- Provide guidance and on the job training for junior colleagues and conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner which is consistent with operating procedures and policy.
- Monitor the financial performance of given areas of activities versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management.
- Execute to established GIA Policies, Guidance Notes, Procedures and Practice Notes in undertaking all tasks.
- Provide input to the development of GIA practices as per industry standards and regulatory expectations.
- Prepare and maintain a Risk Assessment of each of the Process Streams as identified in the Audit Universe.
- Conduct audits of the Processes and assess if: Divisional/Unit Line management have identified and classified the risks in their activities; Governance, risk management and control procedures are adequate, effective and efficient; Improvements/enhancements to the governance, risk management and inte
- Draft audit report submitted by auditors are properly reviewed and finalized.
- Audit report is discussed and finalized with GIA management/client within 6 weeks of completion of fieldwork.
- Lead the identification of change through continuous improvement of processes and practices considering global standards and changes in the business environment which demand proactive action plans.
- Develop and maintain effective business relationships with all relevant external/internal entities and stakeholders with the highest standards of business ethics.
Minimum Qualification
- Bachelor's degree.
- Relevant post graduate qualification and/or relevant professional qualification and/or certification desirable.
Minimum Experience
- Minimum 10 years' relevant experience with an International Bank or Big 4. Internal Audit experience strongly preferred (but not mandatory).
- At least 5 years similar positions of progressively increasing managerial responsibilities in the Risk Management/Audit function.
- Expert knowledge of Business & Credit activities and processes and associated risks.
- Strong leadership capability and team oriented with highly developed problem solving skills.
- Self directed, able to manage multiple tasks and ability to work under pressure.
- Excellent analytical skills.
- Excellent verbal and written communication skills.
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