As an Internal Auditor, you will be responsible for overseeing and enhancing the internal audit function across Thndr and its subsidiaries. This role is crucial in ensuring compliance with ADGM regulations, international industry standards, and internal governance frameworks. You will lead a team to develop and operate a risk-based internal audit program that proactively identifies deviations from policies and standards, minimizes disruption to the business, and helps functional leaders implement corrective actions to strengthen governance.
This role encompasses three core areas of responsibility:
Establish and maintain standard operating procedures (SOPs) for the internal audit program, aligned with ADGM and other relevant regulatory standards.
Collaborate with internal functions to ensure key processes are well-documented and compliant with regulatory and industry standards.
Embed internal control processes within each department’s standard operations and facilitate governance improvements where needed.
Implement ongoing monitoring systems to detect any deviations from internal policies or regulatory requirements.
Stay updated on regulatory changes and best practices, ensuring governance processes are agile and responsive to emerging threats.
Lead investigations into incidents, producing detailed reports with actionable recommendations for corrective measures.
Oversee the evaluation and approval of periodic financial statements, ensuring they align with regulatory requirements and internal accuracy standards.
Ensure capital adequacy and monitor liquidity through regular reviews of financial reports.
Implement robust processes to detect inconsistencies in financial operations, conducting root-cause analysis and ensuring timely resolutions.
Work with both internal and external auditors to ensure smooth execution of statutory audits, and act on findings and recommendations promptly.
Collaborate with external auditors on mandatory audits, addressing any concerns, findings, and recommendations from a strategic perspective.
Lead strategic initiatives to continuously improve the internal audit function, including automation and IT integrations.
Develop and maintain performance metrics (KPIs) to track the effectiveness of the audit program, and present findings to senior management and the board.
Prepare detailed reports for the board summarizing audit outcomes, long-term issues, and regulatory compliance statuses.
Bachelor’s Degree in Accounting, Finance, Business Administration, or a related field.
Proven experience in internal auditing within the financial services industry, preferably within ADGM-regulated entities.
Strong knowledge of financial products, services, and their regulatory frameworks, including securities, funds, and commodities.
Intimate familiarity with UAE financial regulations, particularly in relation to brokerage and asset management.
Strong organizational and project management skills to lead audit projects across multiple departments.
Critical risk evaluator with the ability to prioritize issues without over-escalating or underestimating risks.
Ability to stay updated on regulatory developments, fostering a proactive approach to changes in laws and standards.
Exceptional communication skills, with the ability to build relationships across all levels of the organization and with external stakeholders.
Expertise in leveraging technology to enhance audit processes, including automation tools.
Attention to detail, ensuring that processes and reports are meticulously accurate and transparent.
Strong conflict resolution and negotiation skills, promoting collaborative problem-solving.
Professional certifications such as Certified Internal Auditor (CIA), Certified Financial Services Auditor (CFSA), or similar credentials are highly desirable.