Sr Manager/ Director - Internal Audit (Financial Services)

Phenom Placement
  • Bahrain-Other
  • Confidential
  • 9-14 years
  • Views
  • 26 Dec 2016

  • Audit and Assurance, Finance/ Accounts

  • Banking - Retail, Financial Services/ Capital Markets, Banking - Corporate
Job Description

Job Responsibilities:

1.Implementing the corporate governance standards in banks and investment banks - board focused initiatives aligning to regulatory best-practices
2. Implementing Solvency 2/Basel 2 (Pillar 1, Pillar 2 requirements)/Basel 3
3. Developing/validating risk parameters (PD, LGD, EAD, VAR)
4. Establishing a governance structure with clear roles and responsibilities
5. Setting risk tolerances and limit structures - cascading of appetites, asset allocations
6. Developing risk policies/IA policy and processes in credit, market, operational risks, ALM tailored to the specific business line
7. Deep understanding of credit life cycle (underwriting & approvals), and experience in credit rating & analysis + approvals
8. Solid understanding of investment life-cycle and its link to appetite setting, pre and post investment due-diligence
9. Implementing operational risk frameworks with solid understanding of process maps, risks and controls - deep product knowledge is essential
10. Conducting Fraud Scenario Assessments in FS clients - banks and investment banks
11. Implementing Enterprise Risk Management frameworks across multiple FS clients (stock exchanges, investment companies)
12. Solid understanding of Internal Audit practices (audit planning, execution, and presentation to Audit Committees)

Travelling : Approx 40-50% Travelling

Qualification : CA/ MBA/CIA with 9 yrs+ of relevant experience

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