Internal Audit Manager - Egypt

The internal audit manager will take responsibility to evaluate operational processes related to all relevant to business segments (Wholesale/Retail/TCM), regulatory compliance and financial Crime and other functional areas to identify risks and recommend corrective action/process changes aimed at enhancing effectiveness and efficiency of operations and risk management processes, while providing consultative support and guidance to Management, where requested, by providing expert professional opinion in product development, process improvement in a seamless manner as processes run through various areas.The very nature of this position is to provide assurance on adherence and compliance to the Bank’s and Local Regulatory control standards, procedures and processes; Performing annual Risk Assessment of the entire Audit Universe for the IBG business and preparing the Annual Audit Plan and obtain Head of Audit/Head of International Audit approval for the plan.Adhering to the various local regulatory guidelines on Internal Audit function Ensuring that the Bank is in Compliance with the various requirements of the relevant Regulator and their guidelines on various types of audits required to be done in the overseas locations. Providing complete and timely information to the Head of International Audit to ensure proper oversight of the audit processes e.g. audit planning/audit plan progress update/status of open-overdue issues/etc.Managing (where applicable) a team of specialist Internal auditor(s) and concurrent audit team in delivering fulfillment of 100% of the Annual Audit Plan for the assigned Branch, ensuring adherence with all applicable IIA professional standards and Divisional Quality standards.Ensure that regulatory requirements pertaining to Internal Audit in the overseas locations are met in effective and timely manner.Planning and carrying out audits, reviews, analyzing and risk ranking gaps according to various risk and value implications. Discussing and helping to develop action plans as a remedial measure to mitigate composite risks. Determining areas of risk and appraising their significance in relation to operational factor of cost and quality.Accurately dimensioning and assigning ratings and communicating the impact of recommended actions.Based on the independent professional judgement, initiate, prepone, postpone, prioritize audits / reviews / investigations of any areas in the bank by consulting with the IBG/Overseas Country Management and seeking approval by the Head of Audit/Head of International Audit.Independently developing and preparing all reports in a professional manner for the MANCO/ Board Audit Committee/HO Senior Management/Country Management as required, with minimal intervention or guidance from the HO Internal Audit Leading and providing support to IAG Audit teams as necessary during the scheduled Country Audits conducted by the HO or overseas resident Internal Audit team(s)Chartered Accountant / CPA/ MBA from a renowned university with 10+ years of experience (mainly in audit) and demonstrated abilities in a banking environment in areas of increasing responsibility; with a minimum of 5 years spent at supervisory/managerial level. Added CIA qualification will be given preference. Specialized knowledge, comprehension and understanding of products and composite risks within Wholesale (IBG/FI/TCM), Retail Business Segments as well as Operations, Technology & Risk Management, ability to project and assess risk end to end, and those not seen by specialists in each business areas is a must.Thorough understanding of various Regulatory guidelines, Proven track record of managing and interacting with regulatorsHigh caliber person with proven track record.Team leadership qualities (confident, clarity of thoughts, etc.) and excellent oral and written communication skills. Result and business oriented disciplined thinker, a self-starter with strong analytical organization