Auditor - Treasury & Financial Markets

3 months ago


Manama, Bahrain Bank ABC Full time

Auditor - Treasury & Financial Markets

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

**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.

2. Delivery of internal audits in accordance with the annual audit plan/ Co-lead an audit assignment:

- 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.

3. Conduct assignments in the area of expertise (Treasury & Financial Markets, Market Risk and Finance):

- 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.

4. Conduct Ad hoc reviews and assignments as requested by the Group Chief Auditor, Senior Management or Audit Committee.

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.

6. Manage relationships with Bahrain-based business units:

- 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.

7. Provide input to the annual audit planning process:

- Remain aware of ongoing and emerging risks within ABC Group.

8. Contribute to ongoing development of Group Audit Methodology:

- 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.

9. Deliver Audit assignments in accordance with the agreed scope, timescales and budgets:

- 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.

10. Ensure timely and accurate Issue Tracking & MIT:

- 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.

11. Ensure Team development and personal objectives:

- 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 F



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