Associate Vice President - Group Internal Audit

At RAKBANK, we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank – we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance.

About the role:

This role requires an experienced internal auditor with a solid background in banking and financial services, and hands-on expertise in finance, risk, or treasury. You will be reporting to Executive Vice President & Head of Internal Audit - Finance, Compliance & ERM.

What You’ll Be Doing:

• Conduct end-to-end audits of key functions including Finance, Risk, Treasury, and Compliance in accordance with the approved audit plan.
• Perform detailed reviews of processes, controls, and systems to identify risks, control gaps, and improvement opportunities.
• Lead or support thematic and regulatory audits, including ICAAP, stress testing, Pillar 3 disclosures, and AML/CFT frameworks.
• Develop clear, concise audit reports and present findings to senior management with practical recommendations.
• Follow up on outstanding audit issues to ensure timely resolution and implementation of agreed actions.
• Collaborate with risk and compliance teams to maintain awareness of regulatory developments and emerging risks.
• Ensure documentation standards and audit methodologies align with professional standards (IIA, ISO, etc.)

What We’re Looking For:

• Education - Bachelor’s degree in accounting, finance, or a similar field
• Minimum experience - At least 8 years of internal audit experience (part of it could be met by a work experience with a top accounting/ advisory firm)
• Industry exposure - Experience with at least 2 of the following areas: Finance, Risk and Treasury

What’s In It For You:

• Competitive, performance-linked compensation
• Medical coverage for you and your family
• Comprehensive life insurance
• Inclusive and diverse workplace culture
• Career development and fast-track growth opportunities

• Ability to assess and prioritize risks to plan and execute audits effectively across different business units.
• Strong understanding of banking regulations, including ICAAP, AML/CFT, and Central Bank requirements.
• Competence in reviewing financial processes, treasury functions, and operational controls.
• Skill in data interpretation, root cause analysis, and identifying control weaknesses or inefficiencies.
• Proficiency in drafting clear audit reports, presenting findings to senior management, and influencing action plans.
• Capable of leading audit engagements, coordinating with cross-functional teams, and managing timelines effectively.