Vice President Business Development-Middle East

Vice President, Internal Audit

TAAHEED - Dubai, UAE

Posted In 8/12/2013

Leading Banking organisation seeks Vice President to undertake a new position within the firm's Audit division. Reporting directly to the Head of Audit, you will effectively lead and manage the Internal Audit Function, ensuring full value add to the business.

You will inherit a team of up to 9 direct reports and will have full accountability for:

1. Recommending revisions to the Bank's auditing policies and risk management procedures.
2. Updating the Internal Audit Charter and protocols to reflect any changes to the audit approach due to bank strategy or external professional developments.
3. Preparing a comprehensive Risk Based Audit Plan, annually, covering all the functions and activities of the Bank, prioritizing the audit assignments based on risk assessment.
4. Preparing the internal audit manpower plan, annually, including internal audit knowledge, skills, and competencies required.
5. Performing half yearly and annual performance appraisal of entire staff and identify development and training needs.
6. Ensuring that internal auditors are properly managed, and perform audit/investigatory work properly as per plan.
7. Approve final audit report(s) to be submitted to the Line for taking corrective action, if any.
8. Communicate results to Executive Management and BARC.

Job Requirements

Experience: Min: 5 Years Max: 12 Years

Career Level: Junior

Job Type: Full Time

Vacancies: 2 Open Positions

Salary: Negotiable

Gender: Any

Degree Level: Bachelor's degree

Major: Business Administration

Languages: English - Fluent / Excellent, Arabic - Fluent / Excellent

Job Skills

• Bachelors Degree in Accounting/Business Administration from a recognised institution.
• Qualified accountant (ACA, CA, ACCA, CPA) ideally possessing CIA membership.
• Minimum 12 Years auditing experience including 5 years in a managerial position in banking Internal Audit.
• Extensive knowledge and experience in all banking operations.
• Knowledge of Islamic banking and general business operations.
• Detailed understanding of Internal audit role and systems; corporate governance; regulatory reporting; and management engagement processes.
• Up-to-date knowledge of the latest international audit standards and methods (including Basel Committee on Banking Supervision).
• Proven ability to interact effectively with all levels of Senior and Executive Management and external Auditors and Regulators.
• Fluent English language skills. Arabic an advantage.

About The Company

TAAHEED deliver pioneering recruitment solutions and consultancy services to MENA organizations that believe human capital is the major driver in building a 'best-in-class' team or company.

TAAHEED offer Search & Selection, Project & Managed Service solutions across key practices, including:

• Construction & Development
• Banking & Financial Services
• Insurance
• IT & Telecommunications
• Engineering & Industry
• Shared Services (HR/Legal/Accountancy/Professional Support)
• Higher Education Recruitment / University (Faculty Staff)
• Media, Advertising
• Marketing, PR & Communications
• Public Sector

TAAHEED also are the regions number one contributor to Emiratization initiatives.