Senior Auditor

at  Commercial Bank of Dubai CBD

ABOUT US

Operating in the UAE for over 50 years, CBD manages the financial requirements of some of the largest corporates and businesses operating in the country, driving the UAE economy. Over the years, CBD has transformed into a progressive and modern banking institution winning multiple awards for its digital initiatives, credit cards, bank accounts, mobile app features, and services.
CBD has been recognized as the number one bank in the UAE on the Forbes list of The World’s Best Banks 2022.
As we continue to build upon our successes, we are looking for ambitious individuals who are passionate about the banking and finance industry and the markets in which CBD operates. Just as important to us is your ability to demonstrate a talent for dealing with people - your colleagues and our customers - and delivering service that really goes the extra mile.

EXPERIENCE AND QUALIFICATIONS

• 3+ years’ experience in external or internal audit.
• Good regulatory knowledge.
• Good understanding of banking.
• Knowledge of banking regulations.
• Must be a graduate.
• Relevant Shariah qualifications.

SKILLS

• Strong command of English and Arabic.
• Proven experience of leading and managing teams.
• Internal audit experience.
• Strong verbal communication.
  Requirements About the company In 1969, when we at Commercial Bank of Dubai started out little did we know that sheer grit and determination would get us where we are today. An Emiri Decree issued by His Highness the Late Sheikh Rashid Bin Saeed Al Maktoum, the founder of modern Dubai, laid the cornerstone of Commercial Bank of Dubai. We started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait. A minority stake was held by a few UAE businessmen. By 1982, little more than a decade later, we evolved into a National Public Shareholding company. A feat complimented by an exponential increase in the capital base and mammoth restructuring of our operations. The feather in the cap came when the Government of Dubai became a key shareholder. Over the decades, we have transformed ourselves into a progressive and modern banking institution. We are supported by a sturdy financial base and reigned by a strong and stable management. The proof of which lies with our customers who have stood by us over the years

JOB PURPOSE

To manage and undertake an independent assessment of the quality and effectiveness of controls, risk management, systems, processes, and procedures in order to ensure that risks are effectively managed in accordance with all relevant Shariah standards and regulations.

PRINCIPAL ACCOUNTABILITIES

• Deliver audits for the relevant support functions, in order to assess the adequacy and effectiveness of controls, systems, processes, and procedures, highlighting areas of concern.
• Plan and organize reviews and agree terms of reference to ensure they are carried out effectively, within the timescales allocated, keeping management informed of progress and findings.
• Reliably able to exercise judgement over the materiality of issues and ratings of audits.
• Produce audit reports for presentation to CEO, GMs, Senior Management (first and second line) on the audit findings raised in reviews, together with recommendations for improvements.
• Review proposed actions from Senior Management.
• Review the finalized actions taken so that outstanding issues identified during reviews are followed up and resolved to ensure that risks are effectively managed in accordance with all relevant policies and regulations.
• Build, manage, and maintain effective stakeholder relationships in order to ensure service levels are in line with agreed business plans.
• As appropriate, pro-actively liaise with stakeholders and team members in order to discuss current and future issues; feed risks identified into the planning process and provide advice and guidance as required, whilst promoting best practice.
• Assess compliance with the Bank’s policies and procedures and guidelines together with relevant regulatory and statutory requirements where appropriate implementing actions to protect the Bank’s business at all times.
• Attendance at, and presentation to, Audit & Risk Committee.
• Manage projects or work in respect of special situations, ensuring that where appropriate they are delivered on time and within budget.
• Recommend changes to policies, systems, processes, and working practices in order to achieve operational improvements.
• Responsible for maintaining the Audit Universe for their areas of responsibility.
• Management of day-to-day work delivery is carried out independently by the incumbent based on the authority cascaded to him or her.
• Work is delivered according to the approved annual plan within established parameters.
• Decision making during audit assignments regarding the classification of findings and disposition thereof.