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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:
To perform risk-based internal audits across key areas such as Risk, Finance, and Treasury, ensuring the adequacy and effectiveness of internal controls, and compliance with applicable laws, regulations, and standards. The role supports sound governance by delivering high-quality assurance and value-adding insights. You will be reporting to Executive Vice President & Head of Internal Audit - Finance, Compliance & ERM.
What You’ll Be Doing:
- Execute internal audit engagements in line with the annual audit plan, focusing on Risk, Finance, and Treasury functions.
- Perform regulatory reviews including ICAAP, stress testing, Pillar 3 disclosures, and Recovery Planning, in accordance with Central Bank and Basel requirements.
- Evaluate the effectiveness of internal controls, risk management, and governance processes across assigned business areas.
- Draft comprehensive audit reports with practical recommendations to enhance controls and operational efficiency.
- Collaborate with business units to obtain, review, and assess supporting documentation and address audit findings.
- Monitor and follow up on the implementation of corrective actions.
- Maintain a strong understanding of emerging risks, regulatory changes, and industry best practices.
- Support the Audit Manager in planning and scoping audits and developing risk assessments.
What We’re Looking For:
- Education - Bachelor’s degree in accounting, finance, or a similar field; Relevant Professional certification (ACCA/ CPA, CIA, FRM ; etc.)
- Minimum experience - At least 5 years of internal audit experience (part of it could be met by a work experience with a top accounting/ advisory firm)
- Industry exposure - Banking/ financial services experience
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
- Risk analysis and control evaluation
- Strong written and verbal communication
- Stakeholder engagement and cross-functional collaboration
- Time management and audit documentation
- Knowledge of audit tools and regulatory frameworks
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