Internal Audit

Location	:	Ajman
No. of Position	:	1

 

Job Purpose :

Provide an efficient Credit Audit service, under the general guidance of the Manager, to all lines of business and the Bank’s operations, in a manner that will accomplish the Division’s corporate objectives in accordance with code of corporate governance, best international audit practices and fulfills the purpose and responsibilities.

  

Key Result Areas :

• Assists the Manager in preparing an Audit Plan covering all the credit activities of the Bank, prioritizing the audit assignments based on Risk Assessment and scheduling of follow-up activities in an effective and efficient manner.
• Assists in the implementation of the Division’s Quality Assurance Program, with regard to Credit Review.
• Evaluates the quality of corporate and retail credit portfolios and adequacy of Credit Management Process including portfolio planning, credit assessment, credit approval process, organizations and staffing, risk recognition, credit administration, and other credit related controls.
• Ensures adequacy and effectiveness of internal control, risk management and governance processes within the Bank. Alerts the Manager to the significant risks that might affect objectives, credit portfolio or resources.
• Ensures effective on-going monitoring to identify credit risk on a proactive basis and assigns appropriate risk rating and suggests corrective steps.
• Performs credit audit engagements in a systematic and professional manner. Assists other audit team members as required.
• Prepares and finalizes the audit planning, reports and related audit work programs in coordination with the Manager.
• Maintains positive and professional relationships with auditees to complete audit works and objectives effectively and efficiently.
• Prepares the draft audit reports for the Manager’s review.
• Participates in the review of user related procedure/policies for improvement to ensure they provide for adequate and efficient Credit Management Process.
• Checks the implementation process and compliance requirements of Basel II in the Bank’s Divisions.

Knowledge & Skills required

• Bachelor Degree in Accounting or Business Administration
• Certifications in Audit preferred.
• Minimum 5 - 6 years auditing experience in all banking operations and rules and regulations pertaining to banking industry.
• Report writing skills
• High level of investigatory skills

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