The Head of Audit (HoA) for Kuwait will have responsibility for the Internal Audit function in Kuwait as per the local regulatory requirements, in particular the CBK Instructions to Banks Concerning Internal Control System. The HoA will be working in close co-ordination with the bank’s Internal Audit (IA) teams in accordance with the matrix responsibility and execution model and leverage the product/functional expertise of the Global IA team. The candidate may also participate in other regional audits outside Kuwait and will be expected to travel.

Job Description

-Ensures the CCO, in-country Management and local governance committees receive prompt, timely and complete information relating to the activities of Internal Audit. This includes the standard quarterly reporting, in the prescribed format.

-Develops Internal Audit Plan for Kuwait ensuring that the governance, risk management and control concerns of country management are considered in the planning, and plan updates, and that Internal Audit provides a suitable, prompt assurance in respect of the areas of concern identified.

-Ensures Internal Audit promptly identifies and escalates control issues raised by regulators in respect of the banks activities in the country. Additionally, ensure that Internal Audit works constructively with management and Compliance to identify corrective action plans to remediate the governance, risk management or internal control issue, and that Internal Audit validates the issue promptly.

-Ensures appropriate communication channels are maintained with regulators and interactions are logged into the Regulatory Interaction Management System (RIMS) or other system as needed.

-As a seasoned professional applies solid understanding of internal audit standards, policies, and local regulations to provide timely audit assurance.

-Manages the Branch Examination program for Kuwait.

-Contributes to the development of audit processes improvements.

-Applies solid understanding of how internal audit collectively integrates with line management and control functions to accomplish the objectives of the function and overall business.

-Performs moderately complex audits related to Corporate Banking, technology management; project/program management; or supplier management in accordance with corporate methodologies and professional standards, including drafting of audit reports, presenting issues to the business and discussing practical solutions.

-Completes assigned audits within budgeted timeframes, and budgeted costs.

-Provides coaching to team members in all phases of the audit process.

-Monitors the risk environment and assesses the emerging risks through the Business Monitoring process.

-Recommends appropriate and pragmatic solutions to risk and control issues.

-Applies knowledge of key regulations to influence audit scope.

-Develops effective line management relationships to ensure strong understanding of the business.

-Pro-actively develops automated routines to help focus audit testing.

Job Details

Date Posted:	2014-10-12
Job Location:	Al Kuwait, Kuwait
Job Role:	Accounting/Banking/Finance
Company Industry:	Banking

Preferred Candidate

Career Level:	Mid Career
Nationality:	United Arab Emirates; Bahrain; Djibouti; Algeria; Egypt; Iraq; Jordan; Comoros; Kuwait; Lebanon; Libya; Morocco; Mauritania; Oman; Palestine; Qatar; Saudi Arabia; Sudan; Somalia; Syria; Tunisia; Yemen
Degree:	Bachelor's degree / higher diploma

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