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Head of Internal Audit – Bank & Money Exchange

Company Name Confidential

Keywords / Skills : Head of Internal Audit, Bank & Money Exchange , Internal Audit Head, Banking, exchange Banking, Financial services, internal audit Charter

10 - 15 years
Posted: 2018-07-01

Banking/ Financial Services
Finance & Accounts
Internal Auditor
Bachelor's Degree
Master's Degree
Posted On
1st Jul 2018
Job Description
Position : Head of Internal Audit – Bank and Money Exchange

Company : Confidential

Dimensions : 30 branches, total 200 plus employees

Reporting to : Board of Directors

Administrative reporting to Business Head

Reportees : 2 to 3 Audit executives 
Job Description

Design and implement a comprehensive internal audit Charter / regime in the company, in line with the latest standards and requirements of Central Bank of UAE and strengthen the internal controls environment in the business

• Liaise with Audit Committee and Board of Directors, making presentations on Audit Charter, Audit plans, programs and updates, making recommendations on action plans to Board / Audit Committee and report on implementation status of audit observations from time to time

• Conducting audits in Branches and Central Office on a perpetual basis for compliance with Central Bank regulations, AML / CFT regulations and other statutory requirements

• Liaise with Compliance, Risk and Anti-Fraud departments within the company for design and implementation of common programs

• Update Standard Operating procedures(SOPs) from time to time, and report on implementation status of SOPs

• Liaise with Central Bank Auditors for annual audit of the business, answering queries and preparing reports for central bank in prescribed formats

• Imparting training to branch staff and central team in internal audit related compliances and requirements


• Qualified Internal Auditor from Banking / Exchange back ground, with 10 to 15 years work experience, out of which 3 to 5 years are in UAE in a senior position.

• Well versed with the Central Bank compliance requirements in the UAE, and AML / CFT compliance requirements, risk and anti-fraud frameworks, codes and ethics related to the banking / exchange industry

• Has the relevant experience of working with Audit Committee (as a member) and Board of Directors, and the ability to work independently and maintain objectivity

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