AVP & Audit Manager, Compliance

JOB PURPOSE

Participate as well as lead audits covering the activities and processes of Group Compliance Function across the FAB Group Thorough understanding of business relationship aspects Compliance control dynamics Compliance risk management processes and the regulatory environment both in UAE and other relevant jurisdictions where FAB operates provide assurance to Management by identifying weaknesses reporting and escalating significant Audit findings in a timely manner and agreeing action plans to address the issues raised Act as the day-to-day contact with Management in Group Compliance Function influencing change through providing advice Provide input to EVP SVP VP & Head of Audit VP & Senior Audit Manger on issues that have impact on the FAB Group as a whole Assist in conducting special investigations reviews additional tasks as and when required by EVP SVP VP & Head of Audit

Strategic Contribution Assisting in the audit of FAB Group Compliance Function s and related activities in the UAE across the international network functional and across the FAB Group Subsidiaries Ensure that Group Compliance related audits are conducted in accordance with the objectives laid down in the Annual Plan and ensure that the work program is completed in an efficient and effective manner on or ahead of schedule Inform Head of Audit of any potential delays and or changes to the Annual Plan People Management In undertaking audits Provide guidance and on the job training for junior colleagues and conduct knowledge sharing to facilitate achievement of team objectives and completion of tasks in an efficient manner which is consistent with operating procedures and policy Promote the organization s values and ethics in all activities within the team to support the establishment of a value driven culture within the bank Budgeting and Financial Performance Monitor the financial performance of given areas of activities versus budgets and ensure all activities are carried out in line with the approved guidelines while promptly reporting on any variances to management Policies Systems Processes & Procedures Execute to established GIA Policies Guidance Notes Procedures and Practice Notes in undertaking all tasks Provide input to the development of GIA practices as per industry standards and regulatory expectations Review all the activities of the Units within Group Compliance portfolio in all the jurisdictions in which they operate to define and maintain the Audit Universe Coordinate with other teams to ensure efficient and effective coverage Prepare and maintain a Risk Assessment of each of the Process Streams within the Group Compliance Functions and applicable subsidiaries e g international entity as identified in the Audit Universe In this respect work with the businesses to promote periodic self-assessment of risks and controls Establish update and maintain Audit programs in the central audit management tool Conduct audits of the Processes within the Group Compliance Function and assess if Divisional Unit Line management have identified and classified the risks in their activities Governance risk management and control procedures are adequate effective and efficient to reduce risks of errors omissions and loss to acceptable levels at an acceptable cost Improvements enhancements to the governance risk management and internal control structure are required Data and transaction processing meet the required standards of reliability integrity and availability The Division s Unit s assets are being safeguarded The use of resources is efficient and effective Draft audit worksheets audit report submitted by auditors are properly reviewed and finalized Audit Worksheets Audit report is discussed and finalized with GIA management client within 3 weeks of completion of fieldwork Negotiate with Unit management to agree a documented Management Action Plan to resolve the issues raised Continuous Improvement Lead the identification of change through continuous improvement of processes and practices considering global standards and changes in the business environment which demand proactive action plans Relationship Management Develop and maintain effective business relationships with all relevant external internal entities and stakeholders with the highest standards of business ethics whilst promptly attending to all critical issues in-order to ensure the services required by the organization are delivered in the most effective…