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Description
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
Skills
- 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.
Opportunity Details
RAKBANK
RAKBANK, the trading name of the National Bank of Ras Al-Khaimah, is a public joint stock company, headquartered in the emirate of Ras Al-Khaimah, in the UAE. The Head Office of the bank is situated in RAKBANK Building, Emirates Rd, Ras Al-Khaimah. The bank is 52.75% owned by the Government of Ras Al-Khaimah.
Shares are publicly traded. Board consists of several members of the ruling family of the emirate of Ras-Al Khaimah and businessmen from UAE and Kuwait. The bank is engaged in providing retail and corporate banking services through a network of thirty three branches in the United Arab Emirates, but all the transactions are handled on a strictly commercial basis.
Board of Directors
H.E. Shaikh Omar bin Saqr Al-Qasimi Chairman U.A.E
H.E. Shaikh Salim bin Sultan Al-Qasimi Member U.A.E
Mr. Hamad Abdulaziz Al Sagar Member Kuwait
Mr. Abdul Aziz Abdulla Al Zaabi Member U.A.E
Mr. Yousuf Obaid Essa Al Nuaimi Member U.A.E
Mr. Ahmed Essa Al Naeem Member U.A.E
Mr. Salem Ali Abdulla Saeed Al Sharhan Al Nuaimi Member U.A.E