Avp & Shariah Audit Manager

1 month ago

Abu Dhabi, United Arab Emirates First Abu Dhabi Bank Full time


JOB PURPOSE:

Lead and participate in audits covering the activities and processes of Finance and Treasury (F&T) across the FAB Group. Thorough understanding of business/ relationship aspects, financial control dynamics, finance & liquidity 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 Management in Finance and Treasury Departments influencing change through providing advice. Provide input to GIA on issues that have impact on the FAB Group as a whole. Conduct special investigations, reviews, additional tasks as and when required by GIA Senior Management.

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.

Strategic Contribution

Assisting in the audit of FAB Group's Finance and Treasury functions and related activities in the UAE and across the international network (functional). Furthermore, Group Subsidiaries under Group F&T governance will be covered.

Ensure that Finance and Treasury 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 Management

In undertaking audits:

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.

Promote the organisation's values and ethics in all activities within the team to support the establishment of a value driven culture within the bank.

Budgeting and Financial Performance

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.

Policies, Systems, Processes & Procedures

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 F&T activities in all the jurisdictions in which they operate 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 F&T and applicable subsidiaries (e.g. international entity) 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, Audit Workpapers and Audit Issue Tracking in the central audit management tool.

Conduct audits of the Processes within the F&T and assess if:

o Divisional/Unit Line management have identified and classified the risks in their activities.

o 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.

o Improvements/enhancements to the governance, risk management and internal control structure are required.

o Data and transaction processing meets the required standards of reliability, integrity and availability.

o The Division's/Unit's assets are being safeguarded.

o The use of resources is efficient and effective.

o Draft audit worksheets/ audit report submitted by auditors are properly reviewed and finalized.

o Audit Worksheets/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 raised.

Continuous Improvement

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.

Relationship Management

Develop and maintain effective business relationships with all relevant external/internal entities and stakeholders with the highest standards of business ethics, whilst promptly attending to all critical issues in-order to ensure the services required by the organisation are delivered in the most effective manner.

Act as the Audit Business Partner for Line Managers within F&T teams and actively manage the relationship through regular meetings with Line Managers to promote this concept and identify emerging risks. Such meetings should also be used to discuss any material gaps between audit assessment or risks and controls and the businesses' self-assessment.

Ongoing consultancy/advice is provided to Unit management from a governance, risk management and control perspective for improvements in their processes to ensure effective and efficient controls, on the basis of market best practices.

On an ongoing basis, ensure pending audit issues are followed up with Unit management and that all corrective actions are fully and properly implemented.

Conduct any investigations/special reviews assigned by Head of Audit/GCAO.

Reporting

Ensure that all functional reports are prepared timely and accurately and meet Group requirements, policies and quality standards.

Job Context

Specific Accountability

Maintain up to date knowledge and understanding of IFRS, financial control processes (e.g. SOX), Treasury area (Liquidity Risk, IRRBB, FTP, etc) and CBUAE regulatory reporting developments,; drive necessary changes in Audit plan/working programs.

Safeguarding against potential loss and contributing to the Units/Departments systems and procedures, by reporting whether F&T governance & controls of FAB standards are effectively carried out and are efficient in the units/departments audited.

Reviewing the F&T functions of the bank end to end and identifying areas of correction / improvement.

Examine and comment on the process for the early recognition of problems (if any) and their remedial management to minimise the loss.

Contributing towards the enhancement of relationship between GIA and stakeholders.

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

QUALIFICATIONS & EXPERIENCE:

Minimum Qualification

Bachelor's degree in Accounting and Finance.

Relevant post-graduate qualification and/or relevant professional qualification and/ or certification. For example, Chartered Accountant, CPA, ACCA, Cost & Management Accountant, etc.

Minimum Experience

Minimum 5 years' relevant post qualification experience with an International Bank/ Large Local Bank or Big 4. Internal Audit experience strongly preferred.

Working knowledge of finance and treasury activities and processes and associated risks in a Banking environment.

Working knowledge of bank and audit policies and procedures, as well as Central Bank regulations.

Self-motivated, able to manage multiple tasks and ability to work under pressure.

Good analytical skills.

Good verbal and written communication skills.

Ability to draft Audit Reports independently.

  • AVP Compliance Jobs In Abu Dhabi UAE 2023 | First Abu Dhabi Bank

    3 weeks ago

    abu dhabi, United Arab Emirates First Abu Dhabi Bank Full time

    AVP Compliance Jobs In Abu Dhabi UAE 2023 | First Abu Dhabi BankFor More Top Organization Jobs Click HereDescription:Assist in managing compliance-related matters for FAB’s Islamic banking activities within the bank and ensuring that Shariah compliance program is effective in ensuring that the activities and operations carried out by FAB do not contravene...

  • AVP- Marketing

    2 weeks ago

    abu dhabi, United Arab Emirates First Gulf Bank PJSC Full time

    Division: Group Communications & External RelationsCompany DescriptionJoin the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation.We are looking for top talent and your success...

  • AMP - Electrical Engineer

    3 weeks ago

    Abu Dhabi, United Arab Emirates Amentum Full time

    Essential Responsibilities:• The Contractor shall plan and develop projects for high and low voltage distribution, airfield lighting, fire alarms, and interior and exterior low voltage applications. The Contractor will work with sub-AMP managers assigned to their area of responsibilities. Become familiar with BUILDER (or other functional management SMS...

  • Specialist- AML Transaction Monitoring

    1 month ago

    abu dhabi, United Arab Emirates First Gulf Bank PJSC Full time

    Specialist- AML Transaction Monitoring (Emiratization)Full-timeSub Division: Credit - AdministrationDivision: GCOOJoin the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation.We...

  • AVP- Financial Control

    3 weeks ago

    abu dhabi, United Arab Emirates First Gulf Bank PJSC Full time

    Sub Division: Group Finance - Reporting, Controls & TaxationDivision: Group FinanceCompany DescriptionJoin the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation.We are looking...

  • Senior Planning amp Project Controls Engineer

    7 days ago

    abu dhabi, United Arab Emirates Talent Pal Full time

    Senior Planning amp Project Controls Engineer - Penspen Senior Planning amp Project Controls Engineer - PenspenThe job posting is outdated and position may be filledReporting to the Project Control Manager the Sr. Project controls/planning Engineer is responsible for creating and maintaining project master plans & detailed plans measuring and monitoring...

  • Audit Manager

    3 weeks ago

    abu dhabi, United Arab Emirates Mackenzie Jones Full time

    The CompanyOne of our clients based in Abu Dhabi and active within the Oil & Gas sector is currently looking for an Audit Manager to assist the Internal Audit Director.The RoleYou will provide assurance that risk exposures are well managed, control framework and corporate governance process are in place, effective, and efficient and that improvement is...

  • Project Manager Roads amp Infrastructure

    7 days ago

    abu dhabi, United Arab Emirates Talent Pal Full time

    Project Manager Roads amp Infrastructure - Parsons Project Manager Roads amp Infrastructure - ParsonsThe job posting is outdated and position may be filledParsons is looking for an amazingly talented Project Manager to join our team! In this role you will lead a team of Consultants Contractors Project Managers and report to the Project Director. You will be...

  • Internal Audit Manager

    4 weeks ago

    Abu Dhabi, United Arab Emirates Abu Dhabi School of Management Full time

    The Internal Auditor Manager is responsible for leading and managing the internal audit function within an organization. This role involves planning and executing comprehensive audit programs, assessing the effectiveness of internal controls, and providing recommendations to improve operational efficiency and risk management. The Head Auditor plays a crucial...

  • AVP- Integration and Governance Jobs In Abu Dhabi | First Abu Dhabi Bank

    3 weeks ago

    abu dhabi, United Arab Emirates First Abu Dhabi Bank Full time

    AVP- Integration and Governance Jobs In Abu Dhabi | First Abu Dhabi BankAbout the jobThe Integration and Governance Technology Portfolio Assistant Vice President is accountable to create the masterplan for Technology portfolio and projects, the management of Technology portfolio governance, orchestrating with the portfolio heads, adherence to & maintenance...

  • Audit Assistant Manager

    4 weeks ago

    Abu Dhabi, United Arab Emirates Meraki Full time

    **Meraki Talent** are currently looking to recruit an **Audit Assistant Manager** with strong client experience to join a Big 4 firm in **Abu Dhabi**. This is an excellent opportunity for an individual with a strong audit background to develop their career by gaining experience with a well-established firm and working with an enviable client base. You will...

  • Internal Audit Manager

    4 weeks ago

    Abu Dhabi, United Arab Emirates Nathan & Nathan Human Resources Full time

    Our client is a specialist investment vehicle based in **Abu Dhabi,** that deploys capital in smart and advanced mobility solutions. It aims to create a smart mobility platform by investing in and partnering with industry leaders around the world. **Responsibilities**: - Develop and maintain a robust Internal Audit function to ensure high standards of...

  • Audit Assistant Manager

    4 weeks ago

    Abu Dhabi, United Arab Emirates Meraki Talent Full time

    Job description **Meraki Talent** are currently looking to recruit an **Audit Assistant Manager** with strong client experience to join a Big 4 firm in **Abu Dhabi**. This is an excellent opportunity for an individual with a strong audit background to develop their career by gaining experience with a well-established firm and working with an enviable...

  • Internal Audit Manager

    7 days ago

    abu dhabi, United Arab Emirates Black Pearl Consult Full time

    Our client one of the world s leading sports resorts is looking for an Internal Audit Manager to join their team based in Abu Dhabi UAE.The Internal Audit Manager will provide effective support to the Chief Audit Executive (CAE) / Audit Committee and carry out assigned audits and supervise Internal Auditors. To prepare analyses reviews and assessments on the...

  • Manager Internal Audit

    3 weeks ago

    Abu Dhabi, United Arab Emirates NMC Healthcare Ltd Full time

    Full job descriptionPrimarily responsible for overseeing the internal audit function within an organization, ensuring that all financial and operational controls are in place and operating effectively. Also responsible for managing a team of internal auditors and providing guidance on audit issues, as well as developing and implementing audit plans.Assist...

  • Internal Audit Manager

    3 weeks ago

    Abu Dhabi, United Arab Emirates Black Pearl Consult Full time

    Our client one of the world s leading sports resorts is looking for an Internal Audit Manager to join their team based in Abu Dhabi UAE. The Internal Audit Manager will provide effective support to the Chief Audit Executive (CAE) / Audit Committee and carry out assigned audits and supervise Internal Auditors. To prepare analyses reviews and assessments on...

  • Internal Audit Manager

    3 weeks ago

    abu dhabi, United Arab Emirates Black Pearl Consult Full time

    Minimum 6 in internal audit, preferably with extensive experience in manufacturing or logistics.years1 VacancySave This JobPosted on :10-02-2023The job posting is outdated and position may be filledAn exciting new opportunity has come with one of our key clients in the Our client, which is a manufacturing company, is currently looking for an Internal Audit...

  • Manager - Internal Audit

    4 weeks ago

    Abu Dhabi, United Arab Emirates Vertex Consulting Full time

    Hiring Audit Manager for a firm a group company based in Abu Dhabi. Minimum 12 years of experience in Internal Audit, Risk Management and Internal Control Professional certification such as Certified Internal Auditor (CIA) or Certified Public Accountant (CPA). **Job Types**: Full-time, Permanent **Salary**: AED32,000.00 - AED35,000.00 per month

  • Internal Audit Manager

    1 month ago

    Abu Dhabi, United Arab Emirates Black Pearl Consult Full time

    Our client one of theworld s leading sports resorts is looking for an InternalAudit Manager to join their team based in Abu DhabiUAE.TheInternal Audit Manager will provide effectivesupport to the Chief Audit Executive (CAE) / Audit Committee andcarry out assigned audits and supervise Internal Auditors. Toprepare analyses reviews and assessments on the...

  • Credit Audit Manager

    3 weeks ago

    abu dhabi, United Arab Emirates Talent2 Full time

    - One of the leading Banks in the region, with a fantastic reputation in the market. The Bank are known to attract and retain some of the top talent from around the World, creating exciting opportunities for any candidate. The Bank are one of the fastest growing in the region and have one of the strongest balance sheets, offering services within retail,...