RAKBANK, also known as the National Bank of Ras Al-Khaimah, is a Public Joint Stock Company based in the United Arab Emirates (UAE). It was founded in 1976 and is one of the oldest banks in the UAE. The Bank operates within retail and corporate banking, offering a range of services including personal and business banking, credit cards, loans, investment services, and wealth management.In the recent years, the Bank has achieved significant milestones which includes being named as one of the world’s best banks by Forbes ME (2022) and was awarded UAE’s SME Bank of the year by the Asian Banking and Finance Awards. The Bank has been successful in achieving the highest profitability and lowest cost of risk since 2015. It has also seen significant growth in its acquiring business, card spending, and business loans.Being on a transformational journey, in partnership with Honeywell, RAKBANK has also taken steps towards sustainability by reducing its overall energy consumption.We are a diverse team comprising of over 3,000 employees from across 58 countries. We make conscious efforts to build talented and diversified teams and encourage people to develop their full potential. We are committed to providing a working environment that promotes work-life balance, career development, recognition and security for the future.In line with our strategy, a major part of our transformation journey is to future proof our bank and establish ourselves as a ‘Digital bank with human touch’, for our customers.So join us in co-creating the future of RAKBANK!What You Will Be DoingContribute to the delivery of the annual audit plan by independently leading and participating in the execution of risk based audits, performing ongoing business monitoring and risk assessments of assigned business areas.Assist Audit Management in the annual audit planning process by performing effective risk assessments to identify high risk auditable entities for inclusion in the annual audit planIndependently lead / perform audits of allocated business and risk areas using advanced auditing techniques and data analyticsLead / perform effective risk based planning of audits to identify and scope in high risk areas and de-scope lower risk areasDirect / perform / complete high quality, well-documented audit fieldwork in accordance with Internal Audit methodology and IIA standards within strict timelinesProduce factually accurate, insightful audit recommendations in a clear and concise manner, communicate them with stakeholders and agree robust management action plans that address the root causesDraft audit report to the Board and senior management, summarizing audit recommendations and providing valuable insight using perspective gained during the audit processContinuously engage with stakeholders at various levels to understand changes to the business, perform periodic risk assessment, identify audit opportunities, recommend changes to the annual audit plan, define appropriate audit scopes, and execute audit deliveryWhat You Should HaveTechnical (specialist knowledge of Banking products and processes, Basel requirements, Central Bank of UAE’s regulations and risk based audits)Commercial Effectiveness (quick grasp of organization structure, processes & systems, “connecting the dots”, cost & resource allocation, adherence to strict timelines)Excellent time management, multi-tasking, organizational skills and attention to detail coupled with an ability to quickly grasp the bigger pictureStays abreast of applicable laws and regulations, understands relevant industry trends and events, reviews management reporting and performs continuous risk assessment of allocated areasStrong interpersonal skills for interfacing and building effective working relationships with all levels of audit and business personnel and managementHighly developed communication skills, both oral and written, and an energetic, charismatic and approachable styleEffective negotiation skillsWhat We Are Looking ForAt least 8 years senior level Audit experience in areas not limited to Retail and Commercial Banking, Corporate Banking and Financial InstitutionsIn-depth understanding of the end-to-end trade lifecycle including policy & product development, sourcing & onboarding, underwriting (credit assessments and approvals), operations, monitoring (transaction, account and portfolio level) and remedialExcellent understanding of regulatory requirements expected by CBUAE and other areas such as Basel requirements, credit risk, AML risk, operational risk, IT controls etc.Experience of core banking applications like Finacle and other surround systems like Moody’s Rating, Data analytic tools, etc.Proficient with Microsoft Office applications (Word, Excel, PowerPoint, Visio)Knowledge of IIA standards, audit principles, practices, and methodologiesExperience of liaising, and building strong, credible & effective working relationships, with very senior stakeholdersExperience of leading audits / projects / initiatives and supervising and reviewing work of junior team membersWhat’s In It For YouPay for performance culture (Competitive and performance-linked compensation)Provision of medical care plan for your family and youComprehensive Life insurance planDiverse workforce and inclusive cultureCareer development and growth opportunities by designWork with the best minds in the fieldGet opportunities to bring your whole-self to the organization and perform to your best.