Assistant Vice President -Internal Audit

Sethi Learning & Company; Dubai; On-site; AED 200,000 - 300,000; Full time

Job summary

A leading financial institution in the UAE is seeking an experienced Assistant Vice President for Internal Audit. This role involves leading auditing teams, focusing on areas such as Treasury, Compliance, and Accounting. Candidates should have a CA/CFA qualification with 10-12 years of relevant internal audit experience, ideally in automated environments. Strong command of English is required. This position is based in Dubai.

Qualifications

• 10-12 years of relevant experience in internal audit.
• Relevant experience in Treasury and Regulatory Reporting is essential.
• Audit experience in automated environments preferred.

Responsibilities

• Lead a team of auditors for various functions of the bank.
• Conduct audits and provide recommendations for improvements.
• Carry out risk assessment and prepare audit plans.

Skills

Auditing

Treasury knowledge

Financial Reporting Standards (IFRS)

Communication

Coaching

Education

CA/CFA

Job description

Assistant Vice President -Internal Audit

About the job Assistant Vice President -Internal Audit

About the Client: One of the UAE's best performing banks for over five decades, our client is a leading financial institution with an expanding footprint across the Middle East. It has a strong presence in the financial capitals of the world, with international offices in Europe, Asia, Africa, and the US.

Job Purpose

• The job requires Auditing different functions of the Bank with expertise in Treasury, Finance & Accounting areas.

Key Result Areas

• As an Auditor- In charge, lead a team of auditors including execute audits related to Treasury front office, Mid office, Back office including Foreign Exchange, Money market, Funding Centre, Derivatives and Equity desk, Brokerage Business, Asset Management functions, Centralized Accounting including regulatory reporting and Business Finance.
• Participate / Lead audits in other areas of the Bank including, Compliance- AML & Sanctions, Accounts & finance, Centralized Operations such as Payments, Trade Finance etc.,
• Should have knowledge of International Financial Reporting Standards (IFRS).
• As an Auditor-In-charge, manage audit team to execute audits with focus on the processes under review and effectively communicate with the Unit Management to improve deficiencies and identify opportunities for improvements.
• Carry out the risk assessment of all functional units of the bank and subsidiaries for the purpose of preparing a risk-based Audit Plan of the bank.
• Identify weaknesses in the effectiveness of controls and key processes of the unit(s) and provide appropriate recommendations for improvement to minimize risk and safeguard the assets of the bank.
• Develop action plans and present for discussions and acceptance in Exit meetings at the end of the audit for common understanding on issues and agree to appropriate steps to be taken by the unit to ensure that these do not re-occur.
• Provide coaching and on the job training to junior auditors to enhance their skills to carry out audits more objectively.
• Develop a cordial and professional working relationship with the internal customers for the purpose of mutual understanding, easy communication and to obtain their buy in on audit findings and suggested opportunities for improvement.
• Good understanding of digital tools to enable automation of exception reports for continuous monitoring will be an added advantage.
• Participate in teams formed for streamlining processes / product development, standard Operating Procedures, etc., identify best practices and recommend opportunities for improvement in the existing processes.
• Support the Unit Head in preparing ad-hoc reports required for the Board Audit Committee.

Knowledge, Skills & Experience

• CA/CFA with 10-12 years of relevant experience.
• Relevant internal audit experience in Treasury, Centralized Accounting, Business Finance and Regulatory Reporting areas is a must.
• Candidates with audit experience in automated environment preferred.
• Good command over spoken and written English