About the Role
Join a progressive and modern banking institution that has been a key player in the UAE's financial sector for over 50 years. This role focuses on assessing the adequacy and effectiveness of controls, systems, processes, and procedures within the bank. As a vital part of the team, you will contribute to the bank's ongoing success by ensuring risks are managed effectively and recommending improvements. If you’re passionate about the banking and finance industry and eager to make a difference, this position is perfect for you.
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Responsibilities
- Undertake reviews as directed to assess the adequacy and effectiveness of controls, systems, processes, and procedures, highlighting areas of concern.
- Assist in planning reviews and agree on terms of reference to ensure they are conducted effectively and within the allocated timescales.
- Produce draft issues/findings for Senior Management review and provide business management with detailed findings to make recommendations for improvements to the management and control of risk.
- Proactively liaise with stakeholders and team members to discuss current and future issues; integrate identified risks into the planning process.
- Confirm that outstanding issues identified during reviews are followed up and resolved to ensure effective risk management in accordance with relevant policies and regulations.
- Support management in understanding and accepting the need for corrective action to protect the bank.
- Liaise with internal stakeholders and team members to discuss current and future issues, feeding identified risks into the planning process.
- Ensure compliance with the bank’s policies, procedures, and guidelines, along with all relevant regulatory and statutory requirements, implementing actions to protect the bank’s business.
- Recommend changes to policies, systems, processes, and working practices to achieve operational improvement.
Requirements
Education and Experience:
- 2+ years’ experience in external or internal audit.
- Good understanding of banking concepts and procedures.
