Job Description

At RAKBANK, we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank – we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance.

About the role

The Internal Auditor will be an integral member of the Group Internal Audit team and contribute to the delivery of the annual audit plan by independently leading and participating in the execution of risk-based audits, performing ongoing business monitoring and risk assessments of assigned business areas.

This role will be reporting to Senior Vice President & Head of Internal Audit - Wholesale & Business Banking, you will work closely with 3 dynamic team members within the team alongside 12 other members within the department.

What You’ll Be Doing:

• Support Audit Management in developing the annual audit plan by conducting thorough risk assessments to identify high-risk auditable entities and prioritize them for inclusion.
• Independently lead and execute audits across business and risk areas using advanced auditing techniques and data analytics, ensuring alignment with Internal Audit methodology and IIA standards.
• Perform effective risk-based planning to scope in high-risk areas and de-scope lower-risk areas, optimizing audit coverage and resource allocation.
• Direct and complete high-quality audit fieldwork within strict timelines, ensuring well-documented work papers and audit evidence that meet professional standards.
• Review audit work performed by team members to ensure adequacy of coverage, quality of documentation, and alignment with the agreed Terms of Reference.
• Develop factually accurate, insightful audit recommendations and communicate them clearly to stakeholders, securing robust management action plans that address root causes.
• Draft comprehensive audit reports for the Board and senior management, summarizing key findings and providing strategic insights gained during the audit process.
• Recommend and agree on overall audit ratings with senior audit leadership and ensure permanent and current audit files are maintained to a high standard.
• Continuously engage with stakeholders to stay informed of business changes, perform periodic risk assessments, and support continuous monitoring and issue remediation.
• Challenge existing processes and procedures constructively, identifying opportunities for improvement and participating in consulting assignments as needed.
• Motivate and coach audit team members, providing timely, constructive feedback to enhance professional development and build a high-performing audit function.
• Contribute to the development and implementation of Internal Audit methodology, participate in investigations, and ensure compliance with IIA and internal quality assurance standards.

Qualifications

What We Are Looking For:

• Education: Bachelor’s degree in risk management, accounting, finance with an audit or business focus
• Experience: At least 8 years senior level Audit experience in areas not limited to Retail and Commercial Banking, Corporate Banking and Financial Institutions
• Industry Exposure: Banking and Financial Institutions

Skills

• Deep understanding of risk assessment, internal controls, and audit methodologies, with the ability to identify root causes and recommend pragmatic solutions.
• Proficient in data analysis tools and emerging technologies relevant to banking and finance, enabling smarter, more targeted audits.
• Strong analytical skills and sound judgment to navigate complex audit issues, make informed decisions, and see the bigger picture.
• Exceptional interpersonal and communication skills to influence, negotiate, and build trust across all levels of the organization.
• Proven ability to lead, coach, and motivate audit teams, fostering a high-performance culture and continuous professional growth.
• Up-to-date knowledge of applicable laws, regulations, and industry trends to ensure audit relevance and compliance.

Additional Information

What’s In It for You

• Pay for performance culture (Competitive and performance-linked compensation)
• Diverse workforce and inclusive culture
• Career development and growth opportunities by design
• Work with the best minds in the field
• Get opportunities to bring your whole self to the organization and perform to your best.