| Operations and Credit Audit Manager | |
| MRL Financial Riyadh, Saudi Arabia Ref: GP195-562 |
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The RoleThe RoleRange of Responsibility The Operations & Credit Audit Manager is responsible for contributing to the business audit review process by planning, conducting and monitoring comprehensive evaluations of internal controls over the Bank’s business areas that includes Credit and Corporate, Operations, Treasury and Investments and other areas. Provide technical expertise to ensure the assigned engagements are conducted to an appropriate standard. Act as a team leader and be able to both motivate and develop the people in his or her teams. Other essential duties include 1. Taking corrective action taken to improve deficient conditions and reduce cost. 2. Manage the deliverables prepared by the team for subsequent review by the engagement manager. 3. Evaluate the strategy, policies, standards, procedures and related practices for the management, planning and organization of Operations & Credit. Identifying the divisions, functions, activities and programs to be audited based on informal risk assessments, management requests, prior audit results, key personnel changes, new function or program areas and financial impacts. 4. Provides the Chief Audit Officer with independent, up-to-date information concerning the Bank’s credit and corporate, Operations, treasury and investments and audit reviews. 5. Establishes contact with all levels of management to ensure the fulfilment of approved audit report recommendations. 6. Works in close cooperation with the external auditors of the Bank so as to complement the audit activities and avoid duplication of effort. 7. Provides overall guidance to subordinates in the formulation and implementation of their assignments and responsibilities to enable them achieve their targets and objectives 8. Keeps abreast of new developments in the treasury and investment audit field so best practice can be introduced. 9. Understands and reviews the core banking system functionalities to ensure the sufficiency of control on Operations & Credit activities to lower the chance of enter incorrect data/making mistakes or duplicating accounts. 10. Reviews classification of loans and advances and reports on the adequacy of steps taken by the concerned Divisions and Groups. 11. Submits formal reports to the Chief Audit Officer on all audit findings, adequacy of Bank policies of internal controls, effectiveness of the management’s utilization of resources and control over the operations and remedial action required to overcome operating weaknesses or lapses. 12. Establishes procedures within the Division to follow-up on the status of recommendations made on issues identified during the Division’s review of Credit and Operation activities. 13. Works closely with top management of Operation and Credit Support to develop audit findings and recommendations regarding business process optimization, profit improvement, internal control and compliance. 14. Reviews classification of all Bank Groups and Divisions and reports on the adequacy of steps taken by the concerned Divisions and Groups for reducing non-performing assets. 15. Undertakes special assignments as required involving investigations into forgeries, falsely filled forms, and mistakes performed by officers or supervisors and reports findings to the Chief Audit Officer. 16. Prepares annual internal audit plan and timetable, which takes into account the inherent risks by area of activity and location and obtains the approval of the Chief Audit Officer on such programs. 17. Monitors the progress of work in relation to the work plan. |
RequirementsRequirementsEducation and Experience • University degree in Accounting / related field or similar experience • CPA certification, CIA certification is required. • Requires extensive internal audit experience with some experience in a similar position in a leading financial institution • Needs to be familiar with local laws and regulations • High level of Arabic and English interpersonal skills and communication skills both written and oral Must also have the following demonstrated knowledge, skills, and abilities • Knowledge of the Standards for the Professional Practice of Internal Auditing and the Code of Ethics developed by The Institute of Internal Auditors. • Skill in conducting quality control reviews of audit work products. |
About the CompanyAbout the CompanyPart of the MRL Group, MRL Financial works in partnership with leading global finance-based organisations to provide a complete recruitment service. Primary divisions comprise technology and operations, risk management, audit and compliance. |
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