Country Head of Audit, Kuwait at Mashreq Careers

Kuwait City, Capital Governorate, Kuwait -

Full Time

Start Date

Immediate

Expiry Date

29 Jul, 26

Salary

0.0

Posted On

30 Apr, 26

Experience

10 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Internal Audit, Risk Assessment, Regulatory Compliance, Banking Regulations, Team Leadership, Wholesale Banking, Operational Risk, Technology Risk, Audit Planning, Stakeholder Management, Financial Analysis, Process Improvement, Regulatory Reporting, Quality Standards, Strategic Planning

Industry

Banking

Description

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. The leading financial institution in MENA While more than half a century old, we proudly think like a challenger, startup, and innovator in banking and finance, powered by a diverse and dynamic team who put customers first. Together, we pioneer key innovations and developments in banking and financial services. Our mandate? To help customers find their way to Rise Every Day, partnering with them through the highs and lows to help them reach their goals and unlock their unique vision of success. Delivering superior service to clients by leading with innovation, treating colleagues with dignity and fairness while pursuing opportunities that grow shareholders value. We actively contribute to the community through responsible banking in our mission to inspire more people to Rise.

Responsibilities

The Country Head of Audit is responsible for performing annual risk assessments and managing the internal audit function for Mashreq Kuwait. This role involves ensuring regulatory compliance, leading audit teams, and providing consultative guidance to branch management.