Senior Manager Internal Audit

Bahrain

Ref: LP127-1670

Job description / Role

Employment: Full Time

Company:

Our client is a leading Financial Foreign Exchange company. They are currently looking for Senior Manager Internal Audit to be based in Bahrain.

Responsibilities:

• Senior Manager Internal Audit will be responsible to effectively deliver on audit and cash inspection plans.
• S(he) will ensure timely execution and management of group audits and cash inspections.
• Position will perform reviews of audit and cash inspection reports of Group, prepare final audit reports for Circulation.
• Review working papers, evidences, audit tests results, management responses and finalize audit observations / findings.
• Perform risk assessments, identify and document vulnerabilities and threats in management governance processes and key operational areas including but not limited to, Branch Cash Management, Treasury, Information Technology, Finance & Accounts, Reconciliation, Anti Money Laundering (AML) & Compliance.
• Provide valuable contributions towards development of risk based Internal Audit Plan for Branches and Head office departments / units and Surprise Cash Inspection Plans.
• Perform periodical, risk based Internal Audits of branches and Head office units / departments as per approved audit plan. Ensure timely execution of Audit Plan and issuance of audit reports.
• Monitor execution of group audit plan ensuring timely value added delivery on assurance process.
• Review and finalize group audit reports, circulate to line managers, obtain responses and submit final report to Head of Internal Audit for review and circulation.
• Supervise group audit tracking system. Follow up with group line management on resolution of outstanding issues. Update position of issues for audit committee.
• Perform financial statement analysis (Trail Balance, Balance Sheet and Income Statements), identify trends / movements in assets values, match management approvals confirm existence of physical assets ; submit monthly report of Financial Statements values movements with findings to Head of Internal Audit.
• Update audit check lists, working papers, audit manuals and controls test matrix when a new product, policy, procedure or controls are established by the management, or, new process, policies, procedures, risks and controls identified during audit and surprise cash inspection process. Submit the updations to Head of Internal Audit for review and approval.
• Participate in disciplinary action process with Human Resources.
• Immediately identify and report to Head of Internal Audit if Red Flags are found during review process
• Perform any other task(s) delegated by the Head of Internal Audit from time to time.

Requirements

Requirements:
• 5 to 10 years relevant experience in Retail Banking
• Excellent professional understanding of IIA & IS standards
• Excellent professional knowledge of COSO, COBIT and ERM
• You should have CPA / ACCA / CIA / CISA / MBA.
• Excellent communication skills
• Superb and professional audit report writing skills

About the Company

Propel Consult delivers a service in step with the needs of both our client companies and candidates. Our ability to add value to all levels of recruitment stems from our wholehearted belief in providing a professional service to both parties. We have built relationships with many leading indigenous and mulitnational organisations throughout the Middle East and internationally in countries such as UAE, Qatar, Saudi Arabia, Oman, Bahrain, Kuwait, Egypt and many more. Concentrating our resources has created 5 distinct specialist divisions: