VP & Head of Audit- CCB- IB & Credit

Sub Division: Audit - CCB, IB, Credit & InternationalDivision: Group Internal AuditCompany DescriptionNow it’s your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We’re looking for the brightest and best to help us reach our goals and we’ll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.Job DescriptionJOB PURPOSE:In the role of a Team Leader responsible for planning and executing audits covering the activities and processes of Wholesale Banking (WB) & Investment Banking (IB) in general and Global Corporate Finance (GCF) and Global Transaction Banking (GTB) Products in particular as well as related Credit activities across the FAB Group. Thorough understanding of business/ relationship aspects, product dynamics across businesses, credit risk management processes and global industry standards and best practices. Awareness of data query tools will be an added advantage. The role is expected to 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.Act as the day to day contact with Management in GCF/GTB as well as WB & IB Coverage and Credit Departments influencing change through providing advice. Provide input to GIA on issues that have impact to the FAB Group as a whole. Conduct special investigations, reviews, additional tasks as and when required by Head of Audit WB, IB & Credit/GCAO.KEY ACCOUNTABILITIES:Strategic ContributionAssisting in the audit of FAB Group’s WB & IB as well as relevant Credit functions and related activities in the UAE and across the international network (functional). The person is expected to possess an expert knowledge and experience in managing GCF and GTB audits on an end to end basis.Ensure that business, product and credit 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. Inform Head of Audit of any potential delays and/or changes to the Annual Plan.People ManagementProvide 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.Promote the organisation’s values and ethics in all activities within the team to support the establishment of a value drive culture within the bankBudgeting and Financial PerformanceMonitor the financial performance of a given area of activity 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.Review all the activities of the Units within the Corporate Portfolio and the related credit risk management activities in all the jurisdictions in which the Portfolio operates to define and maintain the Audit Universe. Coordinate with other teams to ensure efficient and effective coverage.Prepare and maintain a Risk Assessment of each of the Process Streams within the IB/WB and relevant Credit Portfolio as identified in the Audit Universe. In this respect, work with the businesses to promote periodic self-assessment of risks and controls.Establish/update and maintain Audit programs in the central audit management tool.Conduct audits of the Processes within the IB/WB and relevant Credit Portfolio 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 to reduce risks of errors, omissions and loss to acceptable levels at an acceptable cost.Improvements/enhancements to the governance, risk management and internal control structure are required.Data and transaction processing meets the required standards of reliability, integrity and availability.The Division’s/Unit’s assets are being safeguarded.The use of resources is efficient and effective.Draft audit report submitted by auditors are properly reviewed and finalized.Audit report is discussed and finalized with GIA management/client within 3 weeks of completion of fieldwork. Negotiate with Unit management to agree a documented Management Action Plan to resolve the issues raisedLead the identification of change through continuous improvement of processes and practices considering global standards and changes in the business environment which demand proactive action pl