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.
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.
Principle Accountabilities
- Deliver audits across the Sharia Unit and 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 the Internal Shariah Supervisory Committee (ISSC), 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, the ISSC.
- 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.
- The job holder will be guided by the Head of Audit, Shariah and the ISSC.
- Management of day-to-day work delivery is carried out independently by the incumbent based on the authority cascaded to him/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.
Requirements:
Experience And Qualifications
- 3+ years experience in external or internal audit
- 2+ years experience in Shariah and Islamic Banking, ideally audit related
- Good Regulatory knowledge
- A good understanding of Shariah and Islamic Banking regulations is a pre-requisite
- 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
