Audit Manager- Ccb- Ib

2 weeks ago


Abu Dhabi, United Arab Emirates bankfab Full time

Full-time
- Sub Division: Audit - CCB, IB, Credit & International
- Division: Group Internal Audit

**Company Description**:
FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth.

We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry.

Participate as well as lead audits covering the activities and processes of Corporate Commercial & Investment Banking (CCB & IB) in general as well as Credit activities across the FAB Group. Experience in Corporate Finance or Transaction banking, Credit Risk will be an added advantage. Thorough understanding of business/ relationship aspects, corporate banking products, credit risk management and the regulatory environment, both in UAE and other relevant jurisdictions where FAB operates. 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 CCB, IB & Credit Departments influencing change through providing advice. Provide input to EVP / SVP / VP & Head of Audit / VP & Senior Audit Manger on issues that have impact on the FAB Group as a whole. Assist in conducting special investigations, reviews, additional tasks as and when required by EVP / SVP / VP & Head of Audit.

**KEY ACCOUNTABILITIES**:
**Strategic Contribution**
- Assisting in the audit of FAB Group’s CCB, IB (including Global Transaction Banking and Corporate Finance) as well as Credit and Credit Risk related functions and related activities in the UAE and across the international network (functional).
- 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 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 CCB, IB portfolio and credit & credit risk related 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 the CCB, IB & Credit Portfolio 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 in the central audit management tool.
- Conduct audits of the Processes within the CCB, IB & Credit 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 worksheets/ audit report submitted by auditors are properly reviewed and finalized.
- 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



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