QNB1388 - Head of Internal Audit

Business Unit: -
Division: -
Department: -
Country: Qatar
Closing Date: 31-Dec-2015
About QNB

Established in 1964 as the country’s first Qatari-owned commercial bank, QNB Group has steadily grown to become the largest bank in the Middle East and Africa (MEA) region.

QNB Group’s presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 28,000 serving up to 20 million customers operating through 1,000 locations, with an ATM network of 4,300 machines.

QNB has maintained its position as one of the highest rated regional banks from leading credit rating agencies including Standard & Poor’s (A), Moody’s (Aa3) and Fitch (A+). The Bank has also been the recipient of many awards from leading international specialised financial publications.

Based on the Group’s consistent strong financial performance and its expanding international presence, QNB currently ranks as the most valuable bank brand in the Middle East and Africa, according to Brand Finance Magazine.

QNB Group has an active community support program and sponsors various social, educational and sporting events.

Role Summary:

To manage the internal audit function for Trading and report to the Risk & Compliance Committee and QNB Group Internal Audit. You will be overall responsible for ensuring timely completion/ execution of the approved annual audit plan and conduct of individual audit assignments in line with applicable best practices, including but not limited to the Standards for the Professional Practice of Internal Auditing (SPPIA). 

Role Description:

Responsibilities to include:

Add value to the functions being audited by identifying instances/ risks that entail probable financial loss or regulatory non-compliance that could result in monetary penalties/ reputation damage through the audit process.

Provide reasonable assurance to: senior management, shareholders, and audit committee in relation with business activities, risk assessment and controls by issuance of timely audit reports.

Ensure adequate coverage of the operations, support and control functions in the annual audit plan to provide assurance to the relevant auditee management, executive management, Audit, Risk & Compliance Committee and the Board on the adequacy and effectiveness of the internal controls in place within the respective units/ areas and add value to improve the functioning of the various activities performed by the respective departments/ units, as and where applicable.

Provide timely feedback/ information to the Audit, Risk & Compliance Committee on queries/ reports/ other correspondence received from the external auditors, Qatar Central Bank (QCB), Qatar Financial Markets Authority (QFMA), Qatar Exchange (QE) and other external regulators to enable Company to respond to the same in a timely and efficient manner, which pertain to the incumbent’s area of responsibility.

Manage the relationship with the senior executive management and the various other related divisional/ departmental heads to obtain their inputs/ concerns on the various functions/ areas within the concerned divisions/ departments including significant developments therein, which could have an impact on the annual audit plan.

Prepare an annual audit plan (encompassing operational risks) for submission to the Audit, Risk & Compliance Committee for review, based on the risk assessment conducted for the incumbent’s area of responsibility.

Qualifications:

The successful candidate will hold a Bachelor degree in finance, economics, accounting, banking or other related subjects.

Professional qualifications such as CIA/ CMA/ CPA/ CA/ ACCA are advantageous

Minimum of 5 years experience in a major brokerage or leading audit firm

Note: you will be required to attach the following:
1. Resume / CV