Head of Business and Risk Audit.Injaz-IAG-Head of Audit.Internal Audit Group

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Mashreq’s Internal Audit Group seeks a Head of Business and Risk Audit to lead IAG’s risk priorities across domains including Corporate & Investment Banking, Retail Banking, Treasury, Credit Risk, Special Assets, Risk Management, Governance and Finance, with oversight of risk culture in the UAE. You will lead end‑to‑end audits, oversee thematic engagements, and mentor a team while ensuring regulatory alignment with the Central Bank of the UAE. Requirements: Chartered Accountant or CPA, 15+ years in internal banking audit, at least 7 in leadership, Big 4 preferred. To apply, emphasize cross‑domain risk leadership, risk improvements, stakeholder engagement and regulatory exposure, with outcomes showing practical controls and improved risk culture; tailor CV and cover letter to Mashreq’s UAE focus and global footprint.

•    A member of IAG’s senior leadership team responsible to contribute and participate in leading the development and implementation of IAG’s strategic priorities, in his/her independent capacity, for a set of complex risk domains assigned of the growing Audit Universe of Mashreq.
•    Responsible for identifying and providing resolutions to composite risks, including technique of measuring and quantifying risks, recommending methodology and process changes in line with best practices aimed at enhancing the effectiveness and efficiency of the enterprise risk culture, with specific focus on the following domains:
-    Business: Corporate & Investment Banking, Retail Banking, and Treasury
-    Credit Risk and Management
-    Special Assets and Collections
-    Risk Management (Enterprise Risk, Corporate & Retail Risk, Market Risk, Models Management & Validation, and Regulatory Risk Reporting)
-    Corporate Governance
-    Finance (Financial Management, Control & Reporting, Central Accounts and Taxation) 
-    Group subsidiaries / entities relevant to the above domains.
•    Maintain an enterprise-wide oversight over the risk culture (considering existing and emerging risks) across Mashreq Group, particularly in the domains designated to him/her, with focus on the UAE and a broader perspective on Mashreq’s global operations.
•    Provide insights and proactive guidance to IAG’s leadership team on emerging risks across Mashreq’s global operations, and recommend strategic, agile and practical approaches to provide assurance and advice about these risks.
•    Well-versed in assessing business risks and controls in the digital domain and is expected to add value with practical, business-focused solutions to improve risk management practices and play an advisory role as a subject matter expert.
•    Interface with Central Bank of the UAE for Internal Audit related matters and ensure that all regulatory requirements and expectations are met.
•    Hire, lead and influence teams of highly skilled auditors to ensure that all audits, reviews and other assignments are carried out as per laid down priorities and standards for the matters of identifying composite risks end to end and provide reasonable assurance.
•    Oversee and direct the planning, execution and closure of comprehensive and complex Internal Audit engagements, including thematic, integrated and end-to-end engagements. 
•    Promote a culture of collaboration by actively engaging with the cross-functional IAG teams and offering expert guidance throughout the planning and execution of Internal Audit engagements to ensure that optimal risk coverage is achieved.
•    Provide value adding consultancy support and guidance to business by providing expert professional opinion in product development and process re-engineering in a seamless manner as processes run through various areas.
•    Issue audit reports with prioritized risks, accuracy, precision and completeness to senior management.
 

•    Contribute and participate in leading the development and implementation of IAG’s strategic priorities, in his/her independent capacity, for a set of complex risk domains assigned of the growing Audit Universe of Mashreq Group.
•    Lead and provide end-to-end audit oversight over the business risk domains of Mashreq UAE including; Corporate & Investment Banking, Retail Banking and Treasury.
•    Lead and provide end-to-end audit oversight over a set complex risk management domains of Mashreq UAE including; Credit Risk and Management, Special Assets and Collections, Risk Management (Enterprise Risk, Corporate & Retail Risk, Market Risk, Models Management & Validation, and Regulatory Risk Reporting), Corporate Governance, Finance (Financial Management, Control & Reporting, Central Accounts and Taxation).
•    Maintain an enterprise-wide oversight over the risk culture (considering existing and emerging risks) across Mashreq’s global operations, particularly in the domains designated to him/her, with focus on the UAE and a broader perspective on Mashreq’s global operations.
•    Contribute in leading the planning, development and implementation of the risk-based Internal Audit Plan and lead the development of strategies to achieve optimal coverage and effective assurance of the Audit Universe, via comprehensive and complex Internal Audit engagements, including thematic, integrated and end-to-end engagements.
•    Oversee and direct the planning, execution and closure of comprehensive and technical Internal Audit engagements, ensuring that effective coverage and analysis of the risk implications is achieved and adequate risk mitigating action plans are committed by the management.
•    Participate and collaborate with IAG leadership team members in cross-functional Internal Audit engagements by offering expert guidance throughout the planning and execution.
•    Ensure timely follow-up and closure of all audit action plan items with underlying risks being addressed effectively.
•    Provide insights and proactive guidance to the Internal Audit leadership team on emerging risks across Mashreq’s global banking network and recommend strategic, agile and proactive approaches to provide assurance and advice.
•    Interface, proactively communicate and directly engage with the Bank’s senior leadership as a primary point of contact for the designated risk domains (including the Group Heads of Corporate & Investment Banking, Retail Banking, Treasury, Credit Management, Risk Management, Corporate Affairs and Company Secretary) to influence the implementation of the Internal Audit strategic priorities and secure buy in for closing control gaps.
•    As an expert in the identification of risks and control matters, provide value adding consultancy support and guidance to business by providing expert professional opinion in product development and process re-engineering in a seamless manner for bank-wide and cross-functional processes.
•    Effectively call meetings and oversee plans and results for intricate and complex risk matters and processes that run across and relate to various areas.
•    Represent Internal Audit in various management and steering committees and provide advice and direction on matters related to Governance and Controls. 
•    Interface and engage with Regulators, Consultants and Assurance Providers and ensure that all regulatory requirements / expectations pertaining to Internal Audit are met in an effective and timely manner.
•    Provide active leadership and guidance to a team of highly skilled Internal Audit professionals in fulfilling complex mandatory regulatory reviews and validations. 
•    Ensure adherence to the approved Internal Audit procedures, Internal Audit Standards and best industry practices.
•    Ensure adherence with all Balanced Score Card (BSC) targets / thresholds applicable for the team.
•    Lead, coach and train the audit staff to improve overall effectiveness and improvement of skills in a dynamic regulatory landscape and a constantly evolving control environment.
 

•    Chartered Accountant / CPA from a renowned university with a minimum of 15 years of internal audit experience and demonstrated abilities in a banking environment in areas of increasing responsibility; with a minimum of 7 years spent at supervisory / managerial level preferably with exposure to multiple locations/regulators. 
•    Big 4 Audit Experience would be preferred. 
•    High caliber person with proven track record.
•    Specialized knowledge, expertise and thorough understanding of various risks and implications.
•    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 skills.