Internal Auditor

About the Role

At RAKBANK, we nurture a culture emphasizing innovation, growth, and excellence. We operate as a community valuing teamwork, advanced solutions, and superior governance standards. The Internal Auditor position is essential in facilitating the execution of the Bank's yearly audit plan by conducting risk-oriented audits throughout Enablement functions. This role evaluates internal control effectiveness, detects risks, ensures regulatory compliance, and suggests process enhancements to improve operational efficiency and governance.

Key Responsibilities

• Participate in performing risk-based internal audits across designated departments and functions.
• Assist in the annual audit planning by carrying out risk assessments and identifying critical audit areas.
• Draft audit planning documents encompassing audit scopes, risk evaluations, and terms of reference.
• Examine processes, controls, and documentation to locate risks, control deficiencies, and areas for improvement.
• Analyze audit evidence and data to draw conclusive insights and actionable recommendations.
• Employ data analytics methods to broaden audit coverage and enhance its efficiency.
• Compose clear audit reports, outlining findings, underlying causes, and corrective actions.
• Collaborate with stakeholders bank-wide to understand business operations and emerging risks.
• Ensure audit practices align with internal policies, professional standards, and regulatory mandates.
• Track the implementation status of agreed audit suggestions and corrective measures.
• Support efforts aimed at continuous enhancement within the Internal Audit division.
• Keep updated on industry trends, regulatory transformations, and leading practices in auditing and risk management.

Qualifications and Experience

• Bachelor's degree in Accounting, Finance, Business Administration, or related fields.
• Preferred professional credentials include ACA, ACCA, CPA, CIA, CISA, CFA, CRMA, FRM, or their equivalents.
• At least 3 to 5 years of internal audit experience, ideally in banking or financial services.
• Proven expertise in risk assessments, internal control evaluations, compliance checks, and audit reporting.

Desired Skill Set and Attributes

• Strong analytical thinking and problem-solving capabilities.
• Competence in detecting risks, assessing controls, and recommending feasible solutions.
• Excellent attention to detail and proficient report writing ability.
• Effective communication and stakeholder management skills.
• High ethical standards, professionalism, and integrity.
• Capacity to handle multiple projects and meet deadlines with quality results.
• Experience with audit software, data analytics tools, and Microsoft Office suite.

Benefits and Work Environment

• Competitive remuneration linked to performance.
• A culturally diverse and inclusive workplace.
• Structured career development and advancement possibilities.
• Opportunity to collaborate with experts in the field.
• Encouragement to bring your authentic self to work for best performance.