Vice President, Internal Audit

TAAHEED; Dubai; On-site; AED 400,000 - 600,000; Full time

Benefits offered by this job

Driving license allowance

Car ownership flexibility

Job summary

A leading banking organization in Dubai is seeking a Vice President for its Audit division. The successful candidate will lead the Internal Audit Function, managing a team of up to 9 reports. Responsibilities include updating auditing policies, preparing risk-based audit plans, and communicating results to Executive Management. Ideal candidates will have a Bachelor's degree in Accounting or related field, be a qualified accountant, and possess significant banking internal audit experience. Fluency in English is essential; Arabic is a plus.

Qualifications

• Bachelors Degree in Accounting/Business Administration from a recognised institution.
• Qualified accountant (ACA, CA, ACCA, CPA) ideally possessing CIA membership.
• Minimum 12 years auditing experience including 5 years in a managerial position in banking internal audit.

Responsibilities

• Lead and manage the Internal Audit Function.
• Recommend revisions to auditing policies and risk management procedures.
• Update Internal Audit Charter and protocols.

Skills

Accounting/Business Administration degree

Qualified accountant (ACA, CA, ACCA, CPA)

Minimum 12 years auditing experience

Knowledge of Islamic banking

Knowledge of banking operations

Fluent English

Arabic (advantage)

Education

Bachelor's Degree in Accounting/Business Administration

Job description

Leading Banking organisation seeks Vice President to undertake a new position within the firm’s Audit division. Reporting directly to the Head of Audit, you will effectively lead and manage the Internal Audit Function, ensuring full value add to the business.

You will inherit a team of up to 9 direct reports and will have full accountability for:

• Recommending revisions to the bank’s auditing policies and risk management procedures
• Updating the Internal Audit Charter and protocols to reflect any changes to the audit approach due to bank strategy or external professional developments
• Preparing a comprehensive risk based audit plan, annually, covering all the functions and activities of the Bank, prioritizing the audit assignments based on risk assessment
• Preparing the internal audit manpower plan, annually, including internal audit knowledge, skills, and competencies required
• Performing half yearly and annual performance appraisal of the entire staff and identify development and training needs
• Ensuring that internal auditors are properly managed, and perform audit/investigatory work properly as per plan
• Approve final audit report(s) to be submitted to the line for taking corrective action, if any
• Communicate results to Executive Management and BARC

English - Fluent / Excellent
Arabic - Fluent / Excellent

Own a Car

Any

Have Driving License

Any

Job Skills

• Bachelors Degree in Accounting/Business Administration from a recognised institution
• Qualified accountant (ACA, CA, ACCA, CPA) ideally possessing CIA membership
• Minimum 12 Years auditing experience including 5 years in a managerial position in banking internal audit
• Extensive knowledge and experience in all banking operations
• Knowledge of Islamic banking and general business operations
• Detailed understanding of internal audit role and systems; corporate governance; regulatory reporting; and management engagement processes
• Up-to-date knowledge of the latest international audit standards and methods (including Basel Committee on Banking Supervision)
• Proven ability to interact effectively with all levels of senior and executive management and external auditors and regulators
• Fluent English language skills. Arabic an advantage