Senior Manager, Personal Banking Audit

Required Skills

University graduate in accounting, commerce or finance with an internationally recognized accounting/auditing qualification (ACA, CPA, CIA, CISA, etc.) or Certified Anti Money Laundering Specialist (CAMS). Requires 10+ years of internal/external auditing experience in the Financial Services industry, with at least 8 years in banking Internal Audit, specifically auditing all areas of Personal Banking. Experience in auditing AML/CFT, regulatory compliance, and Consumer Protection Regulations is essential. Candidates must currently be working in a Manager role in a UAE bank, conducting audit assignments independently with minimum supervision.

Job PurposeSupport preparation of Annual Risk Based Audit Plans for all functions within the Personal Banking business.Perform semi-annual risk assessments of audit entities.Perform risk based audits, investigations, and consultancy assignments.Prepare audit reports and ensure completeness of documentation on Teammate.Perform continuous auditing of assigned areas/ product specialization.Work with management on plans to mitigate risk. Participate in preparation of Board and Management committees presentations.Conduct periodic follow up exercise and review closure of open observations.Mentor and train junior staff on best practices and enhance their skills in conducting audit assignments.Principal AccountabilitiesContribute to developing the strategic plan of audit Implementing the strategic plan developed by CAE Contribution to the Bank's strategy and performance Add value and suggest improvements to the IA policy and procedures document to reflect actual processes Adherence to Audit's policies and procedures Lead and execute the targeted annual development plans for IA staff Accurate escalation to the line manager about team performance & assessment of team needsEnhancing skills by acquiring Internationally recognized certifications Articles and standards shared with staff and discussion performed to improve staff knowledge and skillsProvide a supportive learning environment by offering on-the-job training opportunities for new team members, especially UAE nationals.Serve as a mentor to junior team members, offering guidance and support as they navigate their roles within the department.Suggest new assignments Good quality and up to date risk assessment Audit plan structure is well designed and achievable Lead the audit team to achieve set timelinesCarries out audit assignments with objectivityNo conflict of interest Able to manage and resolve conflicts with minimal intervention by CAE Planning:Approved Planning methodology is implemented.Audit planning is well structured, covering all risky areasAudit team is efficiently utilized and adhere to scope and objectives.Contribute to the cost effectiveness of the department. Coordinate and plan activities as effectively as possible.Fieldwork:Audit tests are carried outas prescribed and within agreed time frames Audit work papers comply with IIA standards.High risk and regulatory observations are escalated immediately to CAE.Conflict between team members is minimal and effectively managed.Conflict with auditees is effectively managed. Fieldwork is conducted in accordance with the Institute of Internal Auditors (IIA) International Standards for the Professional Practice of Internal AuditingManage the exit meeting in a professional manner Maintain professional behavior with auditeesRisks and impacts are properly assessed and promptly reported to protect the Bank's interest.Reporting:Prepare a comprehensive executive summary that reflects the key risks and management risk awareness.Follow the IA risk rating methodology in assigning the risk rating.Timely completion of audit reports and special projects.Explain risks to auditees and identify root causes within an efficient time frame.Audit reports address the main audit concerns and provide value added recommendations for improvements.Follow up:Follow up on management actions addressing risks identified in audit issues to ensure they are implemented. Continuous audit for identified key risk areas undertaken periodically and results escalated.Update the list of reports to be tested periodicallyTesting is effective and results are accurateAction taken by audit team members is tested for quality assurance.Identify new initiatives, projects, products and operational changes at an early stageMaintaining effective & professional working relationships with all Bank employees.Initiate feedback on completed audit reviews and ensure obtaining response from auditees and management on the quality and usefulness of audit servicesAverage time taken to complete an audit from planning to reporting to be within the budget.Ensure timely attendance and punctuality. Experience & QualificationsUniversity graduate in accounting, commerce or financeInternationally recognized accounting/auditing qualification: ACA, CPA, CIA, CISA, etc.)Certified Anti Money Laundering Specialist (CAMS)10+ years internal/external auditing experience in the Financial Services industry8+ years experience in banking Internal Audit with experience in auditing all areas of Personal Banking including Asset Products, Liabilities, Digital Banking, Investment Products, Customer Experience, Experience of auditing AML/CFT, regulatory compliance and Consumer Protection RegulationsCurrently working in a Manager role in a Bank in UAE in which audit assignments were conducted independently with minimum supervision.