Head of Audit

Negotiable

MV102

Abu Dhabi

Banking



Our client, a leading financial services entity in the UAE is currently in search of an experienced and hands-on Head of Internal Audit to provide an independent and objective assurance to the Board of Directors, Audit Committee and Senior Management.

The role

- Leading a team of auditors in delivering quality audit services and responsible for the execution of audits as defined by annual audit plans
- Ensures that the Bank has adequate methods by which concerns about controls/accounting /fraud /malfeasance
- Ensures that internal audit team’s independent and objective assurance and consulting functions add value to the Bank’s operations
- Annual work plan is based on a risk-based analysis, regularly benchmarks methods and tools against peers to find areas able to be improved
- Building rapport with key external stake holders such as Central Bank and other regulators and keeping abreast of legislations, rules and new audit requirements and trends and advising senior management regarding such existing and emerging regulatory requirements
- Monitors for evolving best practice in the areas of audit, fraud prevention and internal controls
- Ensures that Internal Audit function has adequate expertise and resources to fulfill its responsibilities
- Periodically audits banking and other business operations and implements the annual work plan for internal audit with a fixed plan of activities but also allowing for appropriate investigation time for matters that emerge over the year
- Assists the Board with establishing ethics policy and whistle blowing procedures
- Works with Audit Committee Chairman to ensure Committee and the Bank are abreast of material pending changes under consideration by accounting standard setters

Client requirements

- Must be Certified Internal Auditor
- MBA or Bachelor degree with Chartered Accountancy / CPA
- Minimum 15+ years of related Audit experience; GCC Banking and Financial Services experience is a must
- Sound understanding of Internal Audit framework, Risk Management frameworks
- Excellent communication and presentation skills
- Great personality and has the ability to highlight issues in a diplomatic and professional manner

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