AVP – Credit and Business Audits

Job Title: AVP – Credit and Business Audits

Department: Internal Audit

Report To: Head of Internal Audit

Support the Head of Internal Audit in delivering independent, risk-based assurance over Corporate, Commercial, SME, Wholesale and Investment/ Private Banking activities, Credit Risk Management, Credit Administration, Products Governance, Credit, and related operations. Lead end-to-end audits covering business processes, products, governance, risk management, regulatory compliance and internal controls in accordance with the IIA Global Internal Audit Standards, CBUAE regulations and Internal Audit methodology.

To support the Head of Internal Audit in effectively executing the internal audit function by conducting risk-based audits across various Mbank units. The role aims to assess and enhance the effectiveness of internal controls, risk management, and governance processes, while ensuring compliance with regulatory requirements and internal policies. The incumbent is also expected to contribute to continuous auditing initiatives and promote a culture of accountability and operational excellence.

• Support development and periodic of the risk-based annual Credit & Business Audit Plan and Audit Universe.
• Lead end-to-end audits covering Corporate Banking, Commercial Banking, SME Banking, Wholesale Banking, Investment Banking, International Banking, Credit Risk and Credit Management and Credit Administration. In addition to Products Governance and Regulatoy expectation of CPR.
• Audit products including Corporate Loans, Working Capital Facilities, Overdrafts, Revolving Credit Facilities, Trade Finance (LCs, Guarantees, Collections), Structured Finance, Treasury-related Credit Products, Cash Management, etc.
• Assess governance, risk management, internal controls, delegated authorities, regulatory compliance and operational effectiveness.
• Evaluate the end-to-end credit lifecycle including origination, underwriting, approval, documentation, collateral management, monitoring, provisioning (IFRS
  9), watchlist, recovery and portfolio management.
• Prepare high-quality audit reports and ensure audits are completed within agreed timelines.

• Act as Audit Business Partner for business and credit stakeholders.
• Track, monitor, and follow up on open Internal audit & CBUAE issues, ensuring timely and sustainable remediation.
• Arrange and conduct validation testing prior to closure of findings and maintain evidence-based documentation.
• Liaise with stakeholders for supporting resolution and accountability.
• Provide progress updates to the Head of Audit and assist in reporting for senior management and Audit Committee reviews.

• Ensure audit documentation aligns with GIA quality benchmarks, IIA requirements, and evidence integrity standards.
• Contribute to enhancing automation, use of data analytics, and audit system tools (e.g., Team Mate) to improve efficiency and consistency.
• Promote standardisation of audit work papers, sampling methodologies, and evidence gathering techniques.

• Share emerging credit risk, Basel, IFRS 9, regulatory changes, and audit techniques with the audit team through structured knowledge sessions.
• Deliver training on audit methodology, risk assessment techniques, regulatory expectations, and control testing approaches in line with GIA standards and CBUAE requirements.
• Assist in developing the annual audit training and competency development plan with a focus on IT-related skills and frameworks.

• Assess emerging risks including digital lending, ESG, concentration risk, AI-enabled credit decisioning, outsourcing and fraud.
• Monitor regulatory developments and recommend updates to audit programs.

• Develop clear, concise, risk-based audit reports with control gaps, root-cause analysis, and practical remediation actions.
• Ensure all findings are based on verified evidence and aligned with risk assessment methodology.
• Ensure timely escalation of critical deficiencies in controls to the Head of Audit.
• Support the Head of Internal Audit on preparation of management updates and Audit Committee reporting materials.

• Provide mentorship and guidance to auditors and direct reporting and staff performance feedback topromote continuous learning.
• Review the quality of work delivered by team members and identify training needs based on gaps in accuracy, documentation, or control understanding.
• Participate in performance evaluations, recommending competency-based improvement plans where appropriate.
• Promote a culture of knowledge sharing, continuous learning, and professional certifications (e.g., CIA).
• Provide input to Head of Internal Audit on staff performance and skill development needs

• 10–14 years of Internal Audit experience within banking/financial…