VP & Head of Audit, Personal, Wealth & Commercial Banking

Job Purpose: A subject matter expert responsible for planning and executing audits covering the activities and processes of Group's Personal Banking, Commercial Banking & Subsidiaries (Coverage and Credit) Functions domestically and in all international locations as well as related peripheral activities across the FAB Group. Thorough understanding of business/ relationship aspects, product dynamics across Personal Banking, Wealth, Credit and Credit risk management processes and the regulatory environment, both in UAE and other relevant jurisdictions where FAB operates, provide assurance to Management by identifying weaknesses; reporting and escalating significant Audit findings in a timely manner; and agreeing action plans to address the issues raised. Act as the day-to-day contact with Management influencing change through providing advice. As part of the GIA Extended Management Team (EMT), provide input to GIA on issues that have impact on the FAB Group as a whole. Conduct special investigations, reviews, additional tasks as and when required by GCAO. KEY ACCOUNTABILITIES: Strategic Contribution End to end Managing the audit of FAB Group's Business, Product & Credit related activities in the UAE and across the international network (functional). Ensure that relevant verticals audits are conducted in accordance with the objectives laid down in the Annual Plan and ensure that the work program is completed in an efficient and effective manner on or ahead of schedule. People Management In undertaking audits: Provide guidance and on the job training for junior colleagues and conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner which is consistent with operating procedures and policy. Promote the organization's values and ethics in all activities within the team to support the establishment of a value driven culture within the bank. Budgeting and Financial Performance Monitor the financial performance of given areas of activities versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management. Policies, Systems, Processes & Procedures Execute to established GIA Policies, Guidance Notes, Procedures and Practice Notes in undertaking all tasks. Provide input to the development of GIA practices as per industry standards and regulatory expectations. Review all the activities of the Units within FAB Group's Operations and Support related activities in all the jurisdictions in which the groups operate define and maintain the Audit Universe. Coordinate with other teams to ensure efficient and effective coverage. Prepare and maintain a Risk Assessment of each of the Process Streams as identified in the Audit Universe. In this respect, work with the businesses to promote periodic self-assessment of risks and controls. Establish/update and maintain Audit programs in the central audit management tool. Establish/update and maintain Audit programs in the central audit management tool. Conduct audits of the Processes and assess if: Divisional/Unit Line management have identified and classified the risks in their activities. Governance, risk management and control procedures are adequate, effective and efficient to reduce risks of errors, omissions and loss to acceptable levels at an acceptable cost. Improvements/enhancements to the governance, risk management and internal control structure are required. Data and transaction processing meets the required standards of reliability, integrity, and availability. The Division's/Unit's assets are being safeguarded. The use of resources is efficient and effective. Draft audit report submitted by auditors are properly reviewed and finalized. Audit report is discussed and finalized with GIA management/client within 6 weeks of completion of fieldwork. Negotiate with Unit management to agree a documented Management Action Plan to resolve the issues raised. Continuous Improvement Lead the identification of change through continuous improvement of processes and practices considering global standards and changes in the business environment which demand proactive action plans. Relationship Management Develop and maintain effective business relationships with all relevant external/internal entities and stakeholders with the highest standards of business ethics, whilst promptly attending to all critical issues in-order to ensure the services required by the organization are delivered in the most effective manner. Act as the Audit Business Partner for Line Managers and actively manage the relationship through regular meetings with Line Managers to promote this concept and identify emerging risks. Such meetings should also be used to discuss any material gaps between audit assessment or ri

Strategic Contribution: End to end managing the audit of FAB Group's Business, Product & Credit related activities in the UAE and across the international network (functional). Ensure that relevant verticals audits are conducted in accordance with the objectives laid down in the Annual Plan and ensure that the work program is completed in an efficient and effective manner on or ahead of schedule.\n\nPeople Management: In undertaking audits, provide guidance and on the job training for junior colleagues and conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner which is consistent with operating procedures and policy. Promote the organization's values and ethics in all activities within the team to support the establishment of a value driven culture within the bank.\n\nBudgeting and Financial Performance: Monitor the financial performance of given areas of activities versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management.\n\nPolicies, Systems, Processes & Procedures: Execute to established GIA Policies, Guidance Notes, Procedures and Practice Notes in undertaking all tasks. Provide input to the development of GIA practices as per industry standards and regulatory expectations. Review all the activities of the Units within FAB Group's Operations and Support related activities in all the jurisdictions in which the groups operate define and maintain the Audit Universe. Coordinate with other teams to ensure efficient and effective coverage. Prepare and maintain a Risk Assessment of each of the Process Streams as identified in the Audit Universe. In this respect, work with the businesses to promote periodic self-assessment of risks and controls. Establish/update and maintain Audit programs in the central audit management tool. Conduct audits of the Processes and assess if: Divisional/Unit Line management have identified and classified the risks in their activities. Governance, risk management and control procedures are adequate, effective and efficient to reduce risks of errors, omissions and loss to acceptable levels at an acceptable cost. Improvements/enhancements to the governance, risk management and internal control structure are required. Data and transaction processing meets the required standards of reliability, integrity, and availability. The Division's/Unit's assets are being safeguarded. The use of resources is efficient and effective. Draft audit report submitted by auditors are properly reviewed and finalized. Audit report is discussed and finalized with GIA management/client within 6 weeks of completion of fieldwork. Negotiate with Unit management to agree a documented Management Action Plan to resolve the issues raised.\n\nContinuous Improvement: Lead the identification of change through continuous improvement of processes and practices considering global standards and changes in the business environment which demand proactive action plans.\n\nRelationship Management: Develop and maintain effective business relationships with all relevant external/internal entities and stakeholders with the highest standards of business ethics, whilst promptly attending to all critical issues in-order to ensure the services required by the organization are delivered in the most effective manner. Act as the Audit Business Partner for Line Managers and actively manage the relationship through regular meetings with Line Managers to promote this concept and identify emerging risks. Such meetings should also be used to discuss any material gaps between audit assessment or ri