Internal Auditor

Overview

Regulatory Review & Basel Compliance

• Conduct audits of Basel III regulatory requirements, including Pillar I, Pillar II (ICAAP), and Pillar III.
• Review the Bank's compliance with capital adequacy, liquidity, and regulatory reporting requirements.
• Assess the effectiveness of Basel implementation and governance frameworks.
• Review regulatory disclosures to ensure compliance with applicable banking regulations.
• Evaluate the impact of new regulatory requirements on the Bank's capital and risk profile.

Stress Testing & Risk Assessment

• Review and evaluate enterprise-wide stress testing methodologies and frameworks.
• Assess stress testing scenarios covering macroeconomic, market, liquidity, and credit risk factors.
• Analyze the impact of stress testing results on capital adequacy and portfolio quality.
• Validate stress testing assumptions, models, methodologies, and supporting data.
• Review risk mitigation measures based on stress testing outcomes.

Audit & Internal Controls

• Plan and execute risk-based audits covering regulatory compliance and risk management functions.
• Evaluate the effectiveness of internal controls related to regulatory reporting and capital management.
• Identify control gaps, audit findings, and areas requiring improvement.
• Prepare detailed audit reports with practical recommendations.
• Monitor implementation of audit recommendations and corrective actions.

Data Analytics & Regulatory Reporting

• Perform data analysis to support audit reviews and regulatory assessments.
• Review the accuracy and completeness of regulatory reports and disclosures.
• Support validation of data used for Basel calculations and regulatory submissions.
• Ensure integrity of data used for capital adequacy and liquidity reporting.

Stakeholder Management

• Liaise with Risk Management, Finance, Credit Risk, Regulatory Compliance, Treasury, and Business teams.
• Support management during regulatory inspections and internal reviews.
• Provide independent recommendations to strengthen regulatory governance.
• Present audit findings and recommendations to senior management where required.

Policy & Process Improvement

• Assess new regulatory developments and recommend process enhancements.
• Contribute to strengthening internal audit methodologies and regulatory review frameworks.
• Participate in strategic regulatory and compliance-related projects.
• Support continuous improvement initiatives across audit and risk management functions.

Qualifications

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, Banking, or a related discipline.
• Professional qualifications such as CA, CMA, CIA, ACCA, CPA, or equivalent are preferred.
• Professional certifications in Risk Management, Basel, or Banking will be an advantage.

Experience

• Minimum 5 years of experience in Internal Audit, Regulatory Review, Risk Management, or Basel Compliance within the banking sector.
• Hands-on experience reviewing Basel III Pillar I, Pillar II (ICAAP), and Pillar III frameworks.
• Experience in capital adequacy, liquidity management, and stress testing.
• Experience reviewing regulatory disclosures and capital planning frameworks.
• UAE banking experience is highly preferred.
• Experience with multinational or large banking institutions is an advantage.