Job Description 

• Performing the full audit cycle including risk management and control management over operations effectiveness, financial reliability and compliance with all applicable directives and regulations
• Determining internal audit scope and developing annual internal audit plans after discussing with the Audit Committee and obtain the approval of the Board of Directors (or of the Owner/Partners where there is no Board of Directors) at the beginning of each financial year.
• The Annual Internal Audit Plan must contain timelines for each internal audit, internal audit reporting deadlines, allocation of resources, areas to be audited, follow up audit plans etc.
• The internal audit scope must cover all the departments, branches and Head office along with any reconciliation process, unreconciled items, unclaimed funds, liquidity, capital adequacy in addition to the AML and regulatory compliance
• Obtaining, analyzing and evaluating accounting documentation, reports, data and flowcharts
• Act as an objective source of independent advice to ensure validity, legality and goal achievement
• Identify loopholes and recommend risk aversion measures and cost savings
• Maintain open communication with management and audit committee
• Document process and prepare audit findings memorandum
• Conduct follow up audits to monitor managements interventions
• Engage to continuous knowledge development regarding sector’s rules, regulations, best practices, tools, techniques and performance standards
• Assessing how well the business is complying to rules and regulations and informing management whether any issues need addressing

Requirements: 

• Strong knowledge of Central Bank of UAE regulatory requirements is required
• experience as Internal Auditor in any financial institution Certified Internal Auditor qualified Based in the UAE or any GCC country (CA/ ACCA/ CIA)
• Excellent English communication and report writing skills