Country Head of Audit, Kuwait

Responsibilities

• Perform annual Risk Assessment of the entire Audit Universe for Mashreq Kuwait

• Preparing the Annual Audit Plan for the Branch and obtain Group Chief of Internal Audit approval for the plan.

• Ensuring that the Bank is in Compliance with the various requirements of the relevant Regulator and their guidelines on various types of audits required to be done in the Country and keep the Country Management Committee (MANCO) updated of the status of the same.

• Providing complete and timely information to the Country Head/Branch Management to ensure proper oversight of the audit processes e.g. audit planning/audit plan progress update/status of open-overdue issues

• Managing (where applicable) a team of specialist Resident Internal auditor(s) in delivering fulfillment of 100% of the Annual Audit Plan for Mashreq Kuwait, ensuring adherence with all applicable IIA professional standards and Divisional Quality standards.

• Interfacing with the Regulators to represent the Internal Audit function. Ensure that regulatory requirements pertaining to Internal Audit are met in effective and timely manner.

• Planning and carrying out audits, reviews, analyzing and risk ranking gaps according to various risk and value implications. Discussing and helping to develop action plans as a remedial measure to mitigate composite risks.

• Determining areas of risk and appraising their significance in relation to operational factor of cost and quality.

• Accurately dimensioning and assigning ratings and communicating the impact of recommended actions.

• Providing consultative support and guidance to Country Management, where requested, by providing expert professional opinion in product development, process improvement in a seamless manner as processes run through various areas.

Experience

• Degree Educated with further education to include an ACCA/ACA/CPA/MBA/CIA
• 15+ years of experience (mainly in audit) and demonstrated abilities in a banking environment in areas of increasing responsibility; with a minimum of 5 years spent at supervisory/managerial level.
• Specialized knowledge, comprehension and understanding of products and composite risks within Wholesale (IBG/TGM) Business Segments as well as Operations, Technology & Risk Management (preferably), ability to project and assess risk end to end, and those not seen by specialists in each business areas is a must.
• Thorough understanding of various Regulatory guidelines,
• Proven track record of managing and interacting with regulators
• High caliber person with proven track record.
• 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
• Ability to command respect by demonstration of skills and presenting and offering practical and effective solutions is a key success factor.