Risk Management Expert

3 days ago


Manama, Manama, Bahrain Bank ABC Full time

Job Description

Overview

Bank ABC seeks to recruit a Senior Auditor – Retail Banking in the Group Audit Department based in our Head Office, in Bahrain. This role involves planning and executing audits and reviews of ila bank and Group Retail to provide Senior Management with independent, objective feedback on the control framework's design adequacy and operating effectiveness.

Key Responsibilities
  • Performing risk assessments, audit planning, and adhering to local regulatory requirements across various risk domains, such as business conduct, credit risk, and financial crime.
  • Closing liaison with all organizational levels, Senior Management, External Auditors, and the Central Bank of Bahrain.
  • Aiding in producing an annual audit plan based on risk assessment, aligning with Group Audit methodology and local regulations.
  • Collaborating with peers to ensure proper assessment of risks related to intragroup outsourcing.
  • Thorough monitoring of Group Policies, Standards, and staying updated on regulatory developments and emerging risks like cybersecurity and fraud.
Reporting Requirements

As a Third Line role, the individual has responsibility for risk, compliance, and control only insofar as they are relevant to the Internal Audit function. To preserve independence of the Internal Audit function, the individual may not make decisions on or undertake risk management or control activities that are the responsibility of the First and Second Lines of Defense.

Requirements
  • At least 10 years' Internal Audit experience within the Banking / Financial Services industry, preferably with retail & digital banking products and services (multi-national experience preferred).
  • Bachelor's degree preferably in finance, economics, accounting, banking, auditing, management, or related subjects.
  • Professional certification (preferable) such as CIA or working towards this.


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