Internal Auditor

Job Overview

The Senior Internal Auditor is responsible for planning & conducting internal audits & reviews across the organization, highlighting key risks and developing recommendations for improvement in control environment.

Job Responsibilities

Details

• Perform internal audit assurance and advisory engagements in accordance with the Audit Plan, Audit Manual and professional audit standards (IPPF)
• Own the audit planning, fieldwork and reporting and ensure comprehensive scope coverage and effective evaluation of internal controls to identify areas of risk, and control deficiencies
• Make suitable recommendations on improving policies, products, systems and processes
• Draft reports, summaries, and findings based on the conducted audit work
• Engage with auditees/ process owners for effective communication of findings and arriving at the corrective action plan
• Ensure findings are supported by high quality workpapers and all audit documentation is completed in accordance with the auditing standards and company policy
• Conduct follow-up reviews on corrective actions plans to ensure their effective implementation
• Undertake specific internal audit reviews and ad-hoc requests, based on assignment by the Chief Internal Auditor and/or the Audit Committee
• Provide data driven insights into evaluation of company’s internal controls, risk management and governance processes
• Contribute to business development activities, proposals and project delivery relating to advisory/consultancy prospects

Key Performance Indicators

Metric

Measurement

Quality of Testing & Analysis

Number & quality of issues identified through effective data analysis and other testing methods for assigned audit tasks

Compliance with Standards & Audit Documentation

Percentage of audit documentation and working papers completed with minimal errors or requiring complete revisions

Rate of adherence to auditing standards and company policies in all audit procedures and documentation

Timeliness of Tasks

Average time taken to complete assigned audit tasks and deliverables, ensuring adherence to project deadlines

Ongoing Training & Developing Proficiency in Audit

Timely completion of assigned trainings and the level of proficiency in Internal Audit Methodology

Role Specifications

Education

• Bachelor’s degree in accounting, finance or related field
• Accounting qualification (CA, ACCA, CPA)
• Professional certifications such as CIA, CRMA, CISA, CFE are preferred

Experience

• Minimum 5 years of prior internal and/or external audit experience preferably within banking and financial services industry

Technical

• Strong understanding of internal audit standards, principles and code of ethics, Risk & Control concepts
• Strong understanding of IFRS, GAAP and the IAS
• Understanding of products, systems, processes, risks and controls in a retail banking / financial services industry
• Adequate knowledge of UAE Central Bank regulations
• Proficiency in MS office (Word, Excel, PowerPoint), SQL & Power BI

Behavioral

• Strong communication skills both written and verbal across different levels of the company; assertive when dealing with stakeholders and ability to hold his/her own when challenged
• Strong analytical and problem-solving skills with a keen eye for detail
• Strong critical thinking with the ability to define problems and recommend solutions
• Ability to write comprehensive, clear and concise reports
• Capable of working independently and managing multiple priorities in a fast-paced environment