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Job Purpose:

A team member responsible for executing the audits under the supervision of audit seniors and covering the activities and processes of Corporate & Commercial Banking (CCB), Investment Banking (IB) as well as Credit related activities across the FAB Group. Good understanding of business/ relationship aspects, product dynamics, credit risk management processes and the regulatory environment, 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.

Act as the day to day contact with stakeholders influencing change through providing advice. As part of the GIA team member, 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 /GCAO.

 Key Accountabilities:

This section shall not be customised to reflect accountabilities which may be unique to one role. Please use Section 5 to capture any accountabilities specific to the role which are over and above those mentioned in this section.

Job Specific Accountabilities:

Ensure that:

• Assist Head of Audit/ Senior Audit Manager in Preparing and maintaining a Risk Assessment of each of the Branches and related Entities/Processes as identified in the Audit Universe. In this respect, work with the management to promote periodic self-assessment of risks and controls.
• Each assigned audit is planned in detail by conducting risk assessments, developing an understanding of activities, and allocation of audit work to assigned team members.
• Each assigned audit is planned to ensure that the scope and terms of reference of each audit provides adequate and appropriate coverage.
• 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, utilizing internal and external resources provided by VP/SVP in a professional manner, in order 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. 
• Any loss of documents, misappropriation of funds, thefts, frauds, and financial loss should be immediately brought to the attention of VP/SVP-GCAO.
• Discussions are held with Unit management in order to verify facts and obtain explanations of and reasons for apparent deficiencies.
• Guidance is provided to team members (If applicable) and supervise the audit work performed by the audit team/trainees.
• Work of team members is reviewed (where applicable) on a timely basis and in a thorough and constructive manner ensuring quality of work done and identifying areas of improvement.
• 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 VP/SVP as identified.
• Recommend changes to existing policies and procedures in order to improve internal processes at the Unit being audited.
• Wherever required, ensure realistic but challenging budgets are drafted, and time spent is monitored on engagements.
• Formal report is prepared at the end of each Unit review and submitted to VP/SVP. Report should contain issues written in a concise and compelling manner with clear indication of the risks and impact for the Unit management. Negotiate with Unit management to agree a documented Management Action Plan to resolve the issues raised.
• At the end of the assignment, assess the audit work programs, update for improvements and maintain current version in the central audit management system. Update the risk assessment for the entity reviewed for any significant findings that may impact the risk profile.
• When requested, assist the audit seniors in ensuring pending audit issues are followed up with Unit management and that all corrective actions are fully and properly implemented. 
• Feedback is provided on the performance of the audit staff under supervision
• 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
• On an ongoing basis, ensure pending audit issues are followed up with Unit management and that all corrective actions are fully and properly implemented. 
• Deputize VP & Head of Audit in attending different meetings/committees during his absence
• For audit assignments, assist the VP/SVP in assessing if:
• Divisional/Regional/Branch 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 internal control structure is required.
• Data and transaction processing meet the required standards of reliability, integrity, and availability.
• The Division’s/Unit’s/Branch’s assets are being safeguarded.    

Job Context

Specific Accountability

• Safeguarding against potential loss and contributing to the Units/Departments systems and procedures, by reporting whether Credit/Operational controls of FAB standards are effectively carried out and are efficient in the units/departments audited
• Reviewing the credit function of the bank end to end and identifying areas of correction / improvement
• Analyse, evaluate and report the quality of assets and their classification and provisioning
• Examine and comment on the process for the early recognition of the problem  and their remedial management to minimise the loss
• Preparation / Review of Audit MIS/ dash Boards including audit committee presentation slides relating to CCB, IB & Credit
• Maintain up to date knowledge and understanding of key product, processes, and regulatory developments, drive necessary changes in Audit plan/working programs.
• Contributing towards the enhancement of relationship between GIA and stakeholders
• Keeping abreast of the local and international economic trends, banking practices and regulatory prescription

Frameworks, Boundaries, & Decision-Making Authority:

• Functions within the framework and boundaries of Group Internal Audit policies as well as overall organisational and governance frameworks.
• Authorised to take decisions as per the approved authorisation matrix.

Qualifications & Experience:

Minimum Qualification

• Bachelor’s degree.
• Relevant post-graduate qualification and/or relevant professional qualification and/ or certification desirable.

Minimum Experience

• 2-4 years’ relevant experience with an International Bank or Big 4. Internal Audit experience preferred (but not mandatory). Experience in similar positions in the Corporate Relationship Management, Corporate Credit and/or Audit function.
• Working knowledge of credit activities, processes, and associated risks.
• Working experience in developing SQL, audit tools queries
• Self-directed, able to manage multiple tasks and ability to work under pressure.
• Excellent analytical & multi-tasking skills.
• Excellent verbal and written communication skills.