Job Description

Job Purpose

• Executes the Audit Plan, by reviewable audit entity, for assigned businesses in accordance with Internal Audit standards, relevant government statutes and regulations and Mashreq Bank policies.
• Delivers on time high quality audit reports and Internal Audit Action Plan Validation.
• Proactively advances integrated auditing concepts, use of technology and data analytics.
• Act as an Audit in Charge and lead a small to medium sized team of Internal Audit professionals and manages audit assignments within an agreed budget.
• Possesses a broad and comprehensive understanding of different Internal Audit standards, policies and local regulations; applies a broad and comprehensive knowledge of high-risk areas.
• Develops effective senior line management relationships and has a strong understanding of the businesses.
• Applies an in-depth understanding of the inter-relationships of business and support units throughout the Bank and how they impact the overall control environment and the audit approach.
• Uses excellent communication skills in order to influence a wide range of internal audiences including respective product or function. May negotiate internally often at higher levels on matters which will have a major impact on the area managed.
• Demonstrates strong judgment, political astuteness, and sensitivity to cultural diversity.
• Competent in assessing the risk environment and respond to changes therein through the annual risk assessment process.

Key Result Areas

• Supervise the assigned Off site /Onsite Review functions in an efficient, effective and proactive manner to achieve its objectives and to recognize and surface risks on the basis of timely identification of risks and early warning signals. Appropriate corrective actions to be recommended to the line in order to mitigate risk.

• Fully comply with all systems and procedures, review criteria for selection of review parameters as established and modified from time to time, internal processes, turnaround time and credit policy in carrying out the job in a professional and efficient manner.

• Review assigned units of the bank to recognize and surface risks and assign appropriate risk ratings in a timely manner, for appropriate corrective steps by the units or the relationship officers. Closely monitor closure of action plan items.

• As an Audit in Charge, supervise and manage exams in a manner that all the review processes and approved review plans are complied with fully, risks in credits /processes are recognized and surfaced accurately and in a timely manner, correct risk ratings are assigned, results are effectively communicated to the unit and their buy in is obtained, in order to achieve the overall objectives of the review.

• Provide suggestions and recommendations to the line to improve Processes in order to safeguard the banks interests.

• Ensure that Reviews are conducted in an objective and professional manner so that there is no communication gap and results are largely accepted by the reviewees.

• Provide on the job coaching and guidance, both offsite and during onsite exams

• Establish good working relationships with the line to develop mutual understanding in order to facilitate communication and their acceptance of the review findings

• Manage the monitoring of allocated business units to ensure early identification of risk through maintaining close contact with the units.

Knowledge, Skills & Experience

• CA/CPA or equivalent. Additional qualifications of CFA/FRM are preferred.
• Extensive experience in a relevant role, including experience in Internal Audit and/or retail business. A total of 10 years of professional experience.
• Demonstrates experience in managing teams and managing integrated internal audit and assurance delivery.
• Effective negotiation skills, a proactive and 'no surprises' approach in communicating issues and strength in sustaining independent views.
• This individual must be an articulate and effective communicator, both orally and in writing.
• Strong interpersonal skills for interfacing with all levels of internal and external audit and management.