Job Purpose
To independently appraise the credit assessments and levels of provisioning pertaining to lending provided to the Bank’s customers (from commercial to corporate and financial institutions) by reviewing various associated credit risks. Thereafter to make suitable recommendations thereon for consideration of the appropriate approval authorities.
This is a key assurance service for the Board of Directors and management of the Bank to ensure that credit risk and provisioning are accurately stated. Furthermore it is role upon which the UAE Central Bank places significant reliance.
Key Accountabilities
Define and Develop Credit Risk Audit Plan
Independently assess the adequacy of credit-related controls across the bank that could cause credit losses to NBF. Develop the long-term and medium-term Credit Audit Plans using risk assessment criteria and ensuring compliance with all applicable laws and regulations. Continuously monitor changes to the credit risk profile of the bank and adjust plans according to changes. To draw any weaknesses or shortcomings noted to the attention of management.
Plan & Conduct Audit Assignments
Plan assignments by performing risk and control assessment to develop a Risk Control Matrix, detailing the tests required to analyse credit control effectiveness.
Ensure the findings of audit reviews are discussed with management on a constructive basis in order to develop the most appropriate, proportionate solutions to issues arising.
Report the results of audit reviews and conduct follow up to ensure management complete actions, escalating failure to progress actions as appropriate.
Education
Graduate in Commerce or Finance
CA/CPA/CIA/Other relevant auditing qualification
Experience and Skills
Work Experience
10 years’ experience in auditing and/or credit risk in banking/financial services environment.
Skills
Sound capability of understanding and performing critical analysis of corporate credit cases and credit processes, evaluating risks/controls, and making risk mitigation and value adding recommendations.
Ability to make sound decisions in a timely manner.
Sound knowledge of UAE Central Bank and other regulatory body rules include anti money laundering controls.
An expert in Corporate Credit with ability to improve controls surrounding Operational and Business processes.
Excellent Business English verbal and written communication skills, including experience of presenting to and communicating with management.
Can critically evaluate new procedures and products and highlight unidentified conventional and emerging risks.
Self-starter and results oriented.
High degree of professional scepticism, natural curiosity and a keen eye for detail.