Job Description

Auditor 1 – Retail Audit Team

Examine and evaluate risks and operational processes across the bank’s retail business segments, including both online and physical branches. This encompasses areas such as private banking, wealth management, and lending products. Assess exposures, review compliance with regulatory standards, and identify potential risks related to product delivery, process execution, and customer interactions. Based on findings, recommend corrective actions and process improvements in line with best practices, aiming to enhance the effectiveness and efficiency of operations and risk management.

Key result Areas

As part of a team, support the risk assessment of functional units of the bank and subsidiaries for the purpose of preparing a risk-based Audit Plan of the bank.

Execute audits to identify weakness in the effectiveness of controls and key processes of the unit(s), operational / regulatory deficiencies and provide appropriate recommendations for improvement to minimize risk and safeguard the assets of the Bank.

Assist Auditor In charge in preparing Action Plans and present for discussions and acceptance in Exit Meeting and finalize the General Audit Reports in order to improve skills and help finish audit assignment within the scheduled time.

Proactively advances integrated auditing concepts, use of technology and data analytics.

Manage audit team (comprising 2 – 3 members for small branches / units) as Auditor In charge to execute audits with focus on the processes under review and effectively communicate with the Unit Management to improve deficiencies and identify opportunities for improvements.

Develop action plan and present for discussions and acceptance in Exit meetings at the end of the audit for mutual understanding on issues and agree to appropriate steps to be taken by the unit to ensure that these do not re-occur.

As a Center of Excellence, develop a cordial and professional working relationship with the internal customers for the purpose of mutual understanding, easy communication and to obtain their ‘buy in’ in audit findings and suggested opportunities for improvement.

As an in-house consultant, participate in teams formed for streamlining processes and procedures, identify best practices and recommend opportunities for improvement in the existing processes.

Ensuring that all activities are conducted in accordance with the rules and guidelines set out in Internal Audit Charter / Manual and in such manner that is consistent with Institute of Internal Audit (IIA) Standards.

Knowledge, Skills and Experience

Educational Qualifications: MBA, CA, or equivalent. Additional certifications such as CIA, CISA, or ACAMS are highly preferred.

Professional Experience: 5-7 years of relevant experience in retail banking, digital banking, and risk management, with demonstrated exposure to UAE Central Bank regulations and local compliance requirements.

Technical and Analytical Skills: Proficiency in audit analytics tools and big data

Awareness of cybersecurity risks and controls; exposure in digital banking environments is preferred.

Communication and Interpersonal Skills: Strong verbal and written communication, negotiation, and presentation skills.

Proven ability to influence, negotiate, and manage expectations of stakeholders.

Effective relationship-building skills across business units.