Senior Manager, Personal Banking Audit

United Arab Bank; Sharjah; On-site; AED 360,000 - 520,000; Full time

Job summary

United Arab Bank in the United Arab Emirates seeks an experienced Internal Audit professional to support risk-based audits within Personal Banking. The role involves planning, risk assessment, audits, investigations, reporting, and advisory work to strengthen governance and controls.

You will mentor junior staff, coordinate with management on risk mitigation, and contribute to board/management communications. This position requires in-depth banking audit expertise and UAE experience.

Qualifications

• University degree in accounting, commerce or finance.
• Professional auditing qualification (ACA, CPA, CIA, CISA).
• 10+ years internal/external auditing experience in Financial Services; 8+ years in banking Internal Audit.

Responsibilities

• Support preparation of Annual Risk Based Audit Plans for Personal Banking.
• Perform semi-annual risk assessments of audit entities.
• Perform risk based audits, investigations, and consultancy assignments.
• Prepare audit reports and ensure documentation on Teammate.
• Continuous auditing of assigned areas/product specialization.
• Work with management on risk mitigation plans.
• Prepare Board/Management committee presentations.
• Follow up on management actions and ensure timely closure of observations.
• Mentor and train junior staff on best practices in audit assignments.

Skills

Audit planning

Risk assessment

Team leadership

Communication with management

Quality assurance

Education

University degree in accounting/finance

ACA/CPA/CIA/CISA or equivalent

Tools

Teammate

Job description

• Support 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 Accountabilities

• Contribute 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 needs
• Enhancing skills by acquiring Internationally recognized certifications
• Articles and standards shared with staff and discussion performed to improve staff knowledge and skills
• Provide 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 timelines
• Carries out audit assignments with objectivity
No 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 areas
• Audit 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 Auditing
• Manage the exit meeting in a professional manner Maintain professional behavior with auditees
• Risks 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 periodically
• Testing is effective and results are accurate
• Action taken by audit team members is tested for quality assurance.
• Identify new initiatives, projects, products and operational changes at an early stage
• Maintaining 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 services
• Average time taken to complete an audit from planning to reporting to be within the budget.
• Ensure timely attendance and punctuality.

Experience & Qualifications

• University graduate in accounting, commerce or finance
• Internationally recognized accounting/auditing qualification: ACA, CPA, CIA, CISA, etc.)
• 10+ years internal/external auditing experience in the Financial Services industry
• 8+ 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 Regulations
• Currently working in a Manager role in a Bank in UAE in which audit assignments were conducted independently with minimum supervision.