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Risk Management and Governance Specialist

3 weeks ago


Manama, Manama, Bahrain beBee Careers Full time

**Job Description:**

We are seeking a highly experienced Risk Management and Governance Specialist to join our team in the Group Audit Department. As a Senior Auditor – Retail Banking, you will be responsible for 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.

The role involves:

  • Performing risk assessments, audit planning, and adhering to local regulatory requirements across various risk domains, such as business conduct, credit risk, and financial crime;
  • Liaising closely 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 the proper assessment of risks related to intragroup outsourcing;
  • Monitoring Group Policies, Standards, and staying updated on regulatory developments and emerging risks like cybersecurity and fraud.

Responsibilities:

  • Reporting to the Audit Head – ila Bank and Group Retail;
  • Performing continuous business monitoring over ila bank's strategy, performance, new products & services and risk profile;
  • Supporting the preparation of ila bank's risk-based Annual Internal Audit Plan;
  • Supporting the delivery of the approved Annual Internal Audit Plan which entails developing risk & control Matrix and testing strategy & Programs;
  • Planning the scope of individual assignments, ensuring work is captured within the GRC tool;
  • Producing and discussing audit issues;
  • Communicating the result of Internal Audit assignments to Senior Management;
  • Maintaining adequate records and evidence of the assignments performed, including the evaluations made during assignments, in accordance with professional Internal Audit standards;
  • Liaising with the ila bank's External Audit firm as and when required;
  • Monitoring the resolution of Internal Audit issues by the Bank's Senior Management;
  • Maintaining ongoing communication and partnership with peers and the wider Group Audit team as required;
  • Conducting ad-hoc reviews and assignments as requested by the Group Chief Auditor, Senior management, or Board Audit Committee.

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;
  • Post graduate degree and/or professional qualifications are desirable;
  • Strong understanding of Information & Cyber Security, Personal Data Protection and Operational Resilience;
  • Advanced knowledge & application of audit methodology;
  • Solid knowledge of banking, corporate governance, and the 3 lines model;
  • Excellent spoken and written English language skills;
  • Proficiency in at least one other ABC business language (Arabic, French) would be desirable;
  • Theoretical & practical knowledge and understanding of the operations, structure and supporting Information Technologies of a retail digital bank, the underlying eco-system, including associated risks & regulatory requirements, gained from significant time working within the Banking / Financial Services industry;
  • Familiar with the regulatory environment under which banks are operating;
  • Familiar with industry best practices and control frameworks;
  • Strong communication skills (listening, oral, written and presenting) to enable the explanation and presentation of information in a structured, clear, and concise way;
  • Ability to communicate and influence colleagues at all levels;
  • Strong project management skills, using project planning techniques to plan and coordinate work effectively;
  • Ability to work under pressure to tight timescales whilst paying attention to detail;
  • Strong team player skills and ability to work in a multicultural environment;
  • Inquisitive personality whilst being pragmatic and objective;
  • Maintain and demonstrate the highest standards of integrity and resilience.