QNB3623 - Vice President - Internal Audit (Kuwaitization)

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. Job Purpose Summary The incumbent will be responsible for leading the Country Audit team, and managing the provision of internal audit and related advisory services for the Branch’s activities. In this regard, the incumbent will develop the annual internal audit plan for the Branch for review by Group Internal Audit Division and subsequently ensure the timely implementation/ execution of the plan in line with applicable best practices, including but not limited to the Standards for the Professional Practice of Internal Auditing (SPPIA). The responsibility includes also the follow-up of issues raised by Group Internal Audit Division and preparation of status reports, review of Policies and Procedures and conduct investigations/special assignments as and when requested. The role will also extend to the secondary responsibilities assigned to the incumbent in terms of specific audit activities/ functions/ departments and special projects, as assigned by his superiors, in addition to his primary responsibility. The position requires sufficient expertise and knowledge to focus/ monitor a wide range of risks in their countries business. Essential Duties & Responsibilities By Dimensions • Shareholder & Financial: • Ensure effectiveness of adopted policies/ procedures adherence to regulatory and statutory requirements, and safeguarding of the Branch’s assets. • Add value to the functions/ activities performed by the Branch by identifying instances/ risks that could result in financial losses or regulatory non-compliance, monetary penalties/ reputation damage through the audit and risk review process. • Identify potential cost saving opportunities by highlighting process inefficiencies through the above processes. • Implements KPI’s and best practices for the internal audit function and its roles. • Promote cost consciousness and efficiency and enhance productivity, to minimise cost, avoid waste, and optimise benefits for the bank. • Act within the limits of the powers delegated by the GIAD to the incumbent and delegate authority to the respective staff and monitor exercise of the same. • Demonstrate clear understanding of the important factors behind the bank's financial & non-financial performance. • Customer (Internal & External): • Ensure adequate coverage of the Branch’s activities in the annual audit plan to provide assurance to the relevant executive management on the adequacy and effectiveness of the internal controls in place within the respective department/ function and add value to improve the functioning of the various activities performed by the referenced department/ function, as and where applicable. • Act as primary Internal Audit subject matter expert in country, in order to ensure adherence to the full range of regulatory requirements (both local and Qatar regulators) including QNB Country Compliance manual; Group Compliance Policies and Procedures Financial Crime Risk, ESG, Fraud Risk Management, Regulatory reporting and Information Security etc. • Provide timely feedback/ information to the VP - International Support & Oversight for Global Audit Activity on queries, reports and other correspondence received by Branch Management either directly from the external auditors or the applicable regulators in the respective jurisdictions, to enable the latter to respond to the same in a timely and efficient manner, that pertain to the incumbent’s area of responsibility. • Execute and/or support in completion of any requirement, tasks or requests from local regulator or GIAD’s office specifically related to Internal Audit, including reviews of regulatory returns, and periodic certifications. • Liaise with the relevant officials from Country Regulators as and when required and provide clarifications/ responses to queries/ reports/ other correspondence received. • Liaise with the external auditors of the branch to ensure that they complement the efforts of the Internal Audit and avoid duplication of effort. This will involve meetings with the external auditors to discuss the planned audit work, the exchange of working papers, audit reports and management letters, and to ensure common understanding of audit techniques, methods and terminology. • Manage the relationships with the Branch’s executive management and obtain their inputs/ concerns on the various functions/ activities pertaining to the Branch including significant developments therein, which could have an impact on the annual audit plan for the Branch. • Support Internal Audit teams of other QNB international entities, as and where requested by GIAD. • Maintain activities in accordance with Service Level Agreements (SLAs) with internal departments/units to achieve improvements in turn-around time. • Build and maintain strong/effective relationships with related departments/units to achieve the Group’s objectives. • Internal (Processes, Products, Regulatory): • Conduct a risk assessment for branch individual functions/ processes/ products and related procedures on at least annual basis as an input to annual audit planning exercise. • Prepare an annual audit for submission to the VP – International Support & Oversight for Global Audit Activity for review/comments and approval, based on the risk assessment conducted for the Branch and in line with its overall strategy. • Ensure timely implementation and execution of the approved annual audit plan. Also responsible for submitting periodic status reports on the progress to VP – International Support & Oversight for Global Audit Activity and explaining the reasons for the delay in completion of individual assignments, if applicable. • Ensure the continued adherence to internal auditing best practices including but not limited to the Standards for the Professional Practice of Internal Auditing (SPPIA) recommendations/guidelines. Ensure that the audit planning, fieldwork and reporting stages are conducted in consonance with the procedures/ guidelines contained in the internal audit manual. Also, make recommendations to the VP - International Support & Oversight for Global Audit Activity on any improvements to the approved internal audit manual, in line with best practices. • Escalate promptly (on inter

Lead and manage the Country Audit team, developing and executing the annual internal audit plan for the Branch in alignment with Group Internal Audit. Ensure timely implementation of the plan, review and update of Policies and Procedures, and conduct investigations or special assignments as requested. Maintain relationships with regulators, external auditors, and Branch management; ensure adherence to regulatory and internal standards; provide timely feedback to Global Audit Activity; monitor SLAs; and support Internal Audit teams of other QNB international entities as needed. Conduct risk assessments for branch processes/products, prepare annual audit plans, monitor progress, and escalate issues. Ensure compliance with SPPIA standards and internal audit manuals, and recommend improvements to internal audit practices.