Senior Vice President & Head of Audit - Wholesale & International

Tandem Search

Abu Dhabi, UAE

Ref: KP709-1912

Job description / Role

Employment: Full Time

Senior Vice President & Head of Audit - Wholesale & International

Department: Group Internal Audit
Reports to: Group Chief Auditor
Reported to by: Heads of Audit (GM/GB/CR/INTL)/VP/VPS/AVP/Senior Associate/Associate-Wholesale & Intl

PURPOSE OF JOB
A manager of managers and people leader with a deep understanding of BANKs Wholesale & International businesses including cross border business across the BANK local and international network to develop Group Internal Audit strategy for these businesses. Direct a comprehensive program of internal audit for these portfolios that ensures systems of governance, risk management and internal control are operating effectively across all entities to address inherent risk, providing detailed conclusions to Senior Management and for the Board Audit Committee. Accountable for the delivery of the Audit Plan in an efficient and effective manner on, or ahead, of schedule. Assess, integrate and develop the staff through ongoing performance management, mentoring and formal Career Development Plans. As part of Group Internal Audit SLT Team improve the overall function in line with approved Audit Committee strategy and objectives. Act as a change agent promoting ground breaking solutions both within the function and externally within the Group by negotiating and influencing the opinions of others. Maintain professional relationships with key management within the Wholesale and International Divisions to monitor business developments and anticipating emerging risks both internally and externally in the industry and the regulatory challenges.

JOB CONTEXT/DIMENSIONS
- Directly responsible for the audit of BANK Groups Wholesale & International businesses in the UAE and across the international network (functional).
- Directly responsible for Group Internal Audit engagement and plans for assigned functional areas.
- Provide leadership and direction through team of portfolio managers.
- Directly accountable for the performance and results of the Wholesale & International teams.
- Develop and execute audit plans.
- Contribute to the development of GIA strategy considering priorities set by SMD-GCAO
- Develop relations with senior external stakeholders including regulatory bodies and external auditors across all International jurisdictions.
- Develop relations with local Board of Directors for off-shore subsidiaries as well as all Country CEOs.
- Consistently identify ways to improve the audit process.
- As a member of the GIA Senior Leadership Team, take responsibility and ownership for the development of the Function, and accountability for the departments performance.

TASKS
- Develop the Group Internal Audit Wholesale & International Audit strategy and annual plan. Such plans to be validated on at least a quarterly basis in line with the continuous risk assessment process and agreed with the SMD-GCAO and Audit Committee.
- Direct and monitor a comprehensive program of internal audits within the Wholesale Bank & the International franchise to confirm that a system of governance, risk management and internal control exists in these businesses and entities that meet BANK Group Policy, Local Policy, Process and other International standards, external regulations and that ensure, inter alia, the reliability and integrity of financial reporting, compliance with applicable laws and regulations and the Group Risk Management Framework. To track and where necessary validate that appropriate action has been taken in response to Group Internal Audit findings.
- Provide the SMD-GCAO with concise summaries of all significant audit findings and recommendations and, the implications of such findings on the Wholesale & International businesses. Ensure that issues are followed up for timely resolution.
- Regularly consult with Senior management across the Wholesale & International businesses including e.g. SMD&CoH-WB&GH-GM, SMD&CoH-WB&GH-GB, and SMG&CEO-International to understand the business strategy and provide input on their strategy and practices. To factor such engagement into annual Wholesale & International Audit Plans.
- Lead the preparation of financial and manpower budget for the Wholesale & International Audit function and to monitor with Audit SVP Team all costs incurred in line with the approved budget.
- Coordinate with HoA-GM, HoA-GB, HoA-CR, HoA-Intl and HR on the development of all Wholesale & International Audit staff (including Resident Internal Auditors) ensuring such staff have the necessary skills and tools to effectively complete all assignments. To establish annual performance objectives and assessment for all Wholesale & International Audit staff in line with BANK HR Policy.
- Regularly review Group Internal Audit Methodology to ensure World Class standards are developed and maintained.
- Responsible for the monitoring and attainment of the KPIs associated with GIAs Balanced Scorecard collectively and individually.
- As a member of BANK Groups Extended Leadership Team (ELT), promote BANK Group Vision, Mission and Values through effective leadership

AUTHORITIES
- Fully independent reporting to the Audit Committee.
- Access to all bank records, staff, premises and systems as per the Internal Audit Charter.

Requirements

- Educated to minimum degree level, with a professional qualification or certification preferred
- Extensive Internal Audit experience preferably in a managerial role or significant relevant managerial experience in business, risk or other relevant field
- Excellent knowledge of the Wholesale & International businesses
- 10 years minimum relevant work experience. Exceptions may be made for high potential candidates.
- Strong leadership capability and team-oriented with highly developed problem-solving skills
- Self-directed, able to manage multiple tasks and ability to work under pressure
- Extensive knowledge of Risk Based Audit an advantage

About the Company

Building businesses, changing lives

At Tandem, we’ve built a vast network of top-tier professionals across the globe. We empower businesses to thrive by delivering unmatched talent solutions. With our global reach, collaborative approach, and unwavering commitment to excellence, we drive transformative growth and shape exceptional teams.

Who we are.

We are a team of industry experts, driven by a passion for innovation and excellence. We are dedicated to providing unique talent solutions and nurturing collaborative partnerships that redefine success.

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