Internal Audit Manager

  • Salary: See description
  • Location: Riyadh, Saudi Arabia
  • Job Type: Full time
  • Company: Qatar National Bank (QNB)
  • Updated on: 13 Mar 19

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Role Description

    • Ensure effectiveness of adopted policies/ procedures and related controls in all areas pertaining to the UK.

    • Add value to the functions performed by the Audit Tasks Section by identifying risks that entail financial loss or regulatory non-compliance that could result in monetary damage through the audit and risk review processes.

    • Identify potential cost saving opportunities by highlighting process inefficiencies.

    • Follow-up status of all outstanding and pending issues related to reports issued, on a regular basis.

    • Attend periodical meetings with auditees, Head of Divisions to discuss pending audit issues, in consultation with the GIAD - International.

    • Assist in submitting quarterly report of follow-up to GCAE for placing before the Group Audit and Compliance Committee.

    • Be a point of contact on behalf of GCAE/GIAD for policies, procedures, referrals within / from QNB Group.
    • Where necessary and in consultation with the GIAD-International, liaise with relevant business heads and other stakeholders to consider business strategy / priorities, nature of risk to determine audit priorities and coverage; audit cycle and frequency.
    • Assist in escalating issues needing the attention of auditee, auditors and or GCAE where necessary to resolve pending issues. Actively pursue complex issues where auditee is not in accord with the outstanding point.
    • Assist in preparing an annual audit/ risk review and other audit tasks plan for submission to the Chief Internal Auditor – International for their review, based on the risk assessment conducted for the incumbent’s area of responsibility.
    • Implement and execute the plan approved by the GACC and ensure completion of the same within the assigned period.

    • Ensure that the audit planning, fieldwork and reporting stages are conducted in consonance with the procedures/ guidelines contained in the internal audit manual, including but not limited to communications to relevant auditee management on audit commencement, presentation of draft reports to auditee management and obtaining their responses and holding of closing meetings in consultation with GIAD-International.

    • Utilize appropriate audit software procured by Group Internal Audit

    • Submit their own performance appraisal to the GIAD-International on timely basis in accordance with the laid down policy in this regard.

Qualifications

    • Bachelor degree in finance, economics, accounting, banking or other related subjects.

    • Professional qualifications such as CIA / CMA / CPA / CA/ ACCA / CISA

    • Minimum of 5-7 years experience in a major bank or leading audit firm.