Auditor Treasury & Financial Markets and Risk Management

Principal Responsibilities

• Support the Comprehensive Annual Risk Assessment process for Treasury and Financial Markets and Risk Management.
• Deliver internal audits in accordance with the annual audit plan.
• Plan the scope of individual assignments.
• Ensure work is captured within the audit platform and that audit files are completed before issuing audit reports.
• Produce and discuss issue sheets on findings, agreeing action plans and dates for implementation.
• Conduct assignments in the area of expertise:
  Treasury and Financial Markets and Risk Management.
• Perform audits within the scope of the area of expertise and other areas as deemed necessary.
• Carry out ad‑hoc reviews and assignments as requested by the Group Chief Auditor, Senior Management or Audit Committee.
• Manage relationships with Bahrain‑based business units, conducting regular relationship‑management meetings with delegated Business Unit Management.
• Maintain awareness of levels of business activity and new products or business developments.
• Use acquired information to inform decisions on individual Audit Assignments and the Annual Plan.
• Provide periodic updates on key risk profile changes within Group Audit.
• Deliver audit assignments in accordance with the agreed scope, timescales and budgets.
• Provide assurance over coverage of all areas stated within the scope section of the Terms of Reference.
• Deliver assigned audits on time and within budget, with any deviations agreed with the Lead Auditor.
• Support the timely delivery of audit reports within 125 calendar days after the start of fieldwork for each audit.
• Support adherence to the man‑day and travel cost budgets where applicable and included in the annual plans.
• Identify risk issues that are relevant and drafted at a high quality; ensure issues are agreed with the auditee during fieldwork and that actions are agreed as part of reporting.
• Ensure timely and accurate issue tracking and MIT.
• Review issue closure requests timely and validate that agreed actions have been completed within 30 calendar days after receipt.
• Ensure team development and personal objectives by undertaking at least one external development activity and completing the bank’s mandatory training.
• Monitor regulatory developments and attend regulatory briefings and/or complete mandatory training hours required by the professional body.

Group Audit (GA) comprises a Bahrain‑based team plus local Internal Audit teams based in overseas units of ABC. GA is responsible for providing independent assurance on the adequacy and effectiveness of ABC’s internal controls to the Executive Management and the Board of ABC via the Audit Committee. This is achieved by completing audit assignments according to a risk‑based annual audit plan.

The findings of the audit assignments are included within published audit reports, presenting findings that require management to undertake corrective actions to address control weaknesses. Those findings are also presented to the Audit Committee of the Board of ABC on a quarterly basis.

Given the nature of GA’s role within the business, the job holder is expected to uphold the highest standards of integrity and confidentiality at all times. The volume, importance and confidentiality of the material with which the job holder will deal will require a strong sense of discretion and the ability to organise and present material in a cogent way. Group Audit staff liaise with individuals at all levels within the organisation, including Executive Management and Board members, and will conduct all interactions with courtesy, respect and professionalism.

• Subject‑matter expertise on Corporate Treasury and Financial Markets.
• Market Risk Management, Operational Risk Management and Regulatory Risk Management.
• Balance Sheet Management framework processes.
• Strong understanding of corporate governance and accounting.
• Excellent spoken and written English and Arabic language skills.
• Risk‑based auditing techniques.
• Understanding of banking products and services.
• Understanding of risks and controls related to Treasury, Finance and Balance Sheet Management in the regulatory environment in which banks operate.