Auditor – Treasury & Financial Markets
Bahrain
Full Time
Experienced
Bank ABC seeks to recruit an Auditor – Treasury & Financial Markets in the Group Audit Department based in our Head Office, in Bahrain.
The Auditor – Treasury & Financial Markets will be responsible to support Group Audit in providing an opinion to Senior Management and the Audit Committee on the adequacy and effectiveness of internal controls. It includes:
- 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
- Applying the Audit tools and methodology
Responsibilities of the role:
Reporting to the Audit Head – Corporate Treasury & Financial Markets and Group Risk Management, the job holder will:
5. Support the Head of Audit to oversee the activities of overseas Internal Audit teams:
Areas of Knowledge, Qualification and Experience
The Auditor – Treasury & Financial Markets will be responsible to support Group Audit in providing an opinion to Senior Management and the Audit Committee on the adequacy and effectiveness of internal controls. It includes:
- 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
- Applying the Audit tools and methodology
Responsibilities of the role:
Reporting to the Audit Head – Corporate Treasury & Financial Markets and Group Risk Management, the job holder will:
- Support Comprehensive Annual Risk Assessment process:
- Provide support towards the Audit Universe for Treasury & Financial Markets, Finance and Risk Management reviewed annually and updated to reflect changes in the organization.
- Ensure a risk-based definition of the audit cycle and prioritization for the Audit Universe for any assigned risk assessments.
- Conduct the planning of the scope of individual assignments.
- Deliver the assignment in terms of skill-set and numbers.
- Ensure the completion of own and others work.
- Ensure work is captured within B-wise and the audit files are completed before issuing audit reports.
- Ensure no failed tests on audit files as part of the Quality Assurance programme of Group Audit by the Head of QA & IP.
- Produce and discuss issue sheets on findings, agree action plans and dates for implementation.
- Perform audits within the scope of area of expertise.
- Perform audits in a wide range of fields, not limited to area of expertise, such as Compliance and Risk.
5. Support the Head of Audit to oversee the activities of overseas Internal Audit teams:
- Maintain awareness of the overseas unit (businesses, customers, products, etc.)
- Regular meetings/conversations with Head of Audits.
- Review draft Term of Reference, Issue Sheets for all local audits.
- Provide guidance on updates to Group Audit Methodology.
- Support the relationship with the local external auditors or regulators as and when required.
- Conduct regular relationship management meetings with delegated Business Unit 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.
- Remain aware of ongoing and emerging risks within ABC Group.
- Maintain awareness of developments in the Internal Audit profession.
- Develop proposals for discussion with Group Chief Auditor and other Head of Audits.
- Implement agreed initiative of self and others.
- Act as a champion for the audit tools within Group Audit.
- Provide assurance over coverage of all areas stated within the scope section of the Terms of Reference.
- Deliver the assigned audits on time and within budget. Any deviations agreed with the Lead Auditor.
- Support the timely delivery of audit reports; within 125 calendar days after start of fieldwork for each audit.
- Support adherence to the man-day and travel cost budgets (where applicable) included in the annual plans.
- Identify risk issues that are relevant and drafted at a high quality.
- Issues identified need to be agreed with the auditee during fieldwork in order to agree actions as part of reporting.
- Perform timely review of issue closure requests and validate that agreed actions have been completed (within 30 calendar days after
- receiving them).
- Support quarterly reporting of audit issues that are becoming overdue as per CBB HC - 6.5.51.
- Support quarterly reporting of audit issues where the actions require more time than as per CBB HC - 6.5.51 upon issuance of the audit report.
- Undertake at least one external development activity and complete the bank's mandatory training.
- Monitor regulatory developments and attend regulatory briefings and/or complete mandatory training hours required by the professional body.
Areas of Knowledge, Qualification and Experience
- Subject matter expert on the Corporate Treasury and Financial Markets, Market Risk Management, Operational Risk Management, Regulatory Risk Management, Finance and Balance Sheet Management framework processes.
- Strong understanding of corporate governance and accounting.
- Excellent spoken and written English and Arabic language skills.
- Risk based auditing techniques.
- Understanding of banking products and services. An understanding of risks and controls related to Treasury, Finance and Balance Sheet Management
- Regulatory environment under which banks are operating
- University Degree and Professional Qualification in accounting, banking, finance, audit or risk management
- Minimum 4 years internal or external audit experience.
- Proven experience in the identification of risks and controls related to Finance.
- 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.
- Excellent organizational skills and ability to work proactively with minimal supervision
- Ability to speak confidently to senior stakeholders
- Excellent attention to detail and analytical skills
- Sound judgment and decision making skills
- Ability to work with individuals from diverse backgrounds
- Ability to manage conflict and work under pressure
- Strong time management and results orientation
- Strong interpersonal skills to ensure effective interactions with all levels in the business
- Flexible and positive approach to work, ‘can do’ attitude
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