VP, Senior Team Leader - Credit Audit

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Company:
Location:
Manama, Capital Governorate, Bahrain
Salary:
Competitive
Employment Type:
Full time
Sector:
Accounting & Finance, Corporate Banking, Credit
Sub Sector:
Audit, n/a, Project Finance/PFI
Position Type:
Permanent
Job Reference:
1780984
Date Added:
20-April-2017

Job Description

  • Delivery of audit assignments as per the annual plan and scope or ad-hoc requests
  • Providing ongoing risk assessment and  input to the annual audit plan
  • Managing relationships within the organization or external parties
  • Applying and contributing to the Audit tools and methodology development
  • Leading the Credit Audit team

Principal Responsibilities, Accountabilities and Deliverables of Role:

1- Delivery of internal audits in accordance with the annual audit plan

  • Plan the scope of individual assignments.
  • Establish an appropriate team to deliver the assignment in terms of skill-sets and numbers.
  • Allocate areas of responsibility and ensure the completion of own and others work.
  • Ensure work is captured within B-Wise.
  • Produce and discuss issue sheets on findings, agree action plans
  • Produce and agree the audit report.
  • Present the findings to the Audit Committee.

2- Conduct ad-hoc reviews and assignments as requested by the Group Chief Auditor, Senior management or Audit Committee

  • As above.

3- Oversee the activities of overseas Credit Audits

  • Maintain awareness of the Credit Function and Asset Portfolio of all Overseas Units.
  • Regular meetings / conversations with the Local CROs
  • Review draft Terms of Reference, Issue Sheets and Audit Reports for all Credit audits.
  • Provide guidance on updates to Group Audit’s methodology.
  • Attendance at local Audit Committee meetings when required.

4- Manage relationships with Bahrain-based Business Units

  • Conduct regular relationship management meetings with Credit Risk Management.
  • Maintain awareness of levels of business activity and new products / business developments.
  • Use the information acquired to inform decisions on individual Audit assignments and the Annual plan.
  • Periodic updates on key risk profile changes within Group Audit.

5- Provide input to the annual audit planning process

  • Remain aware of ongoing and emerging risks within the Group.
  • Assess the risks in across Business Units / Credit Areas in order to identify areas of priority
  • Identify appropriate staffing of Audit assignments.
  • Identify the most appropriate time for conducting assignments based on availability of audit staff and activities within the audited area.

6- Contribute to the ongoing development of Group Audit’s methodology

  • Maintain awareness of developments in the Internal Audit profession
  • Critical analysis of Group Audit’s existing credit quality and risk audit methodology
  • Develop proposals for discussion with Group Chief Auditor and other Senior Team Leaders
  • Implement agreed initiatives of self and others
  • Act as champion for the audit tools within Group Audit

Job Requirements:

Knowledge

  • Subject matter expert on the Credit Risk Management framework processes (Corporate, FI’s, SMEs and Retail) including:
  • Strong understanding of corporate governance.
  • Excellent spoken and written English and Arabic language skills.
  • Proficiency in at least one other language (French, Arabic or Portuguese) would be desirable.
  • Risk based Credit auditing techniques
  • Thorough understanding of banking products and services. A thorough understanding of risks and controls related to Trade Finance products
  • Regulatory environment under which banks are operating
  • Risk Management and support functions 

Education / Certifications

  • University Degree and Professional Qualification in finance, banking, accounting, business, audit or risk management.

Experience

  • Minimum 15 years within Banking and a preference for at least 7 years internal audit or assets quality review experience.
  • Proven experience in the identification of risks and controls related to Credit Risk Management (Quality and Credit Processes) including exposure to different Credit Risk methodologies (Moody’s Risk Analyst is desirable)
  • Familiarity with and exposure to different audit methodologies and with workflow-based audit software, such as B-Wise.
  • Development and delivery of presentations to senior individuals.