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Senior Audit Manager

Date: Sep 4, 2021

Location: Al Asimah, Kuwait

Company: AL AHLI BANK OF KUWAIT

Reports To

Assistant General Manager, IAD

Job Purpose

As a member of IAD's leadership team assist the Assistant General Manager /Executive Manager/CIA in achieving the IAD vision and strategy.

Generic Accountabilities

1. People Management Manage, motivate and develop individual employees and the team in line with people policies & practices. Communicate operational procedures.
2. Corporate Governance and Compliance Work fully within risk policies and procedures and compliance regulations and ensure all divisional activities comply with corporate governance & regulatory/legal frameworks

Specific Accountabilities

  1. Quality Assurance: Ensure quality assurance compliance with audit charters, operating manual, methodology and processes.
  2. Deliverables: Ensure the timely delivery of assigned engagements from the annual audit plan and/or ad hoc assignments in line with BAC approved audit methodology and operating manual.
  3. Assignment Coverage: Ensure the coverage of audit and other engagements is comprehensive and in line with terms of reference.
  4. Business Process Risk Assessments: Develop business process risk assessments through an in-depth understanding of the business.
  5. Compliance issues: Identify and report compliance issues, assess implications and raise issues/recommendations.
  6. Audit Strategy: In line with audit strategy identify processes that can be subjected to continuous auditing.
  7. Data Analytics: Identify and document the business requirements to meet specific engagement and continuous auditing objectives.  In addition test the outputs to ensure it accurately meets the requirements
  8. Continuous Auditing: Analyze and evaluate the results of the data analytics and agree a schedule and format with business areas for providing continuous auditing reports in a format understandable by the business and executive management.
  9. Audit documentation: Ensure the documentation is completed in line with internally communicated methodology and audit operating manual.
  10. Fraud Risk Assessment: Assist the AGM in developing the annual fraud risk assessments.
  11. Assignment Reports: Prepare draft reports for review of EM/AGM that requires minimum re-write and is factually correct and adequately supported.
  12. Risk awareness: Provide input for line management on risk awareness, identification, assessments and reporting to minimize the unknown  risk
  13. Projects: Participate in ad-hoc projects, review policies & guidelines and other tasks assigned by AGM/CIA.
  14. Coordination: Work with other assurance providers such as Risk and Compliance to enhance the control framework and minimize duplication of efforts.
  15. Research: Provide support to the AGM/CIA on research of technical subjects as assigned.
  16. Advisory: Provide technical and methodology support to internal audit functions in overseas branches and subsidiaries.

Education

Bachelor's Degree or Equivalent Certification/Experience in Commerce Finance or a degree relevant to Internal Audit of Banking/Financial services
Additional Professional Qualification & Certification in either CA, ACCA, CPA or studying for CIA

Experience

•    Minimum 5-7 years banking and/or audit experience
•    Broad exposure to financial services industry
•    Demonstrable track record in identification and resolution of problems
•    Exposure to working in large teams or on your own

 

Any deviation to Education & Experience requirements requires BAC prior approval. 

Skills

•    Extensive knowledge of auditing theory and practice
•    Knowledge of CBK regulations and Banking Activities together with working knowledge of Information Technology

Work Contact

Internal: Contacts are with all Senior Management of all business and support units for information management as needed

 

External: Deals with external auditors, regulatory bodies and consultants as required

Competencies

Building Partnerships
Continuous Improvement
Quality Orientation
Initiating Action
Decision Making
Technical/Professional Knowledge and Skills
Communication
Managing Work

JD Code

IAD 4