Associate, Audit Support and Oversight for International Subsidiaries

Job Purpose Summary:

• The incumbent is required to assist the AVP
• Audit Support & Oversight for International Subsidiaries in providing the required support & oversight for QNB international subsidiaries, under the leadership of the Vice President
• International Support & Oversight for Global Audit Activity and contribute to the building of effective internal audit capabilities in QNB international subsidiaries. The incumbent should have a high degree of responsibility and accountability towards assurance and advisory activities for branches, representative offices, subsidiaries, and other business ventures operating in international jurisdictions. The incumbent will assist the AVP
• Audit Support & Oversight for International subsidiaries in the oversight & monitoring of the local internal audit functions in QNB international subsidiaries. He will provide his input to ensure a proper & timely preparation of the audit universe, annual audit plans, risk assessments prepared by the local internal audit functions. Further, the incumbent will assist in reviewing the appropriateness of the local internal audit organizational chart and staffing, and assist in ensuring that effective quality assurance (QA) processes are in place. He will also assist in ensuring the quality of local internal audit coordination and communication with its major stakeholders. The above role will also extend to the secondary responsibilities assigned to the incumbent in terms of specific activities/ functions/ departments and special projects as assigned by his superiors pertaining to his area.

Essential Duties & Responsibilities by Dimensions:

A. Shareholder & Financial:

• Ensure effectiveness of adopted policies/ procedures and related controls in all areas pertaining to the incumbent's area of responsibility.

• Add value to the functions/ activities performed by the local internal audit functions in QNB international subsidiaries by identifying and reporting any instances/ risks that could result in financial losses, regulatory non-compliance, and reputation damage through the audit and risk review processes.

• Assist in identifying potential cost saving opportunities by highlighting process inefficiencies through the above mentioned processes.

• Implements KPI's and best practices for the role.

• 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 to the incumbent.

B. Customer (Internal & External):

• Assist the AVP- Audit Support & Oversight for International subsidiaries in managing the relationship with the Management of the local audit functions in QNB international subsidiaries, and obtain their inputs on the significant developments in these entities that could have an impact on their annual audit plans.

• Provide timely feedback/ information to the AVP

• Audit Support & Oversight for International subsidiaries and in his absence, to the Vice President

• International Support & Oversight for Global Audit Activity on queries/ reports/ other correspondence received by GIAD Management either directly from the external auditors of the international subsidiary or the applicable regulators in the respective jurisdictions or through the respective local internal audit Management, to enable the latter to respond to the same in a timely and efficient manner, that pertain to the incumbent's area of responsibility.

C. Internal (Processes, Products, Regulatory):

• Assist the AVP- Audit Support & Oversight for International subsidiaries in reviewing the adequacy of the local internal audit organizational chart as well as the quality and sufficiency of its manpower.

• Assist the AVP- Audit Support & Oversight for International subsidiaries in ensuring the comprehensiveness and relevance of audit universe and annual audit plan prepared by each local internal audit function and its consistency with the international subsidiary goals and objectives.

• Assist the AVP

• Audit Support & Oversight for International subsidiaries in ascertaining whether the coverage of the local internal audit activities is sufficient to provide assurance on the adequacy and effectiveness of the internal controls in place within the respective function/ area and add value to improve the functioning of the various activities performed by the concerned division/ department, as and where applicable.

• Participate in reviewing and developing appropriate risk assessment methodology/ parameters and criteria for the LIA function in International Subsidiaries to facilitate their evaluation of the individual functions/ processes/ products and related procedures based on the risk involved in the referenced activity/ function/ area.

• Participate in the review of quality of the QA processes (for both external and internal) as implemented by the LIA in international subsidiaries. Also, participate in the independent QA reviews of the local internal audit functions performed by GIAD to ensure that the audit planning, fieldwork and reporting are conducted in consonance with the procedures/ guidelines contained in the Group internal audit manual, best practices for internal auditing, including but not limited to SPPIA recommendations/ guidelines.

• Assist in developing the relevant tools to support an effective oversight and monitoring of QNB international subsidiaries.

• Assist in ensuring that a proper coordination is maintained by the local internal audit functions with local regulators and external auditors as well as the quality and effectiveness of their communication with other stakeholders.

• Assist in monitoring information on status of significant issues raised by local internal audit, external auditor and regulator, and ensure that adequate follow-up process is in place.

• Participate in the high-level review of international subsidiaries as per the GIAD audit policy, and also review of subsidiaries' Audit Committee packs, in order to prepare a summary of key significant issues including any significant issues related to special assignment/ investigation reports raised by the local internal audit of international subsidiaries for further escalations.

• Participate and provide advisory services with respect of any major new subsidiary integration project.

• Submit performance appraisals on timely basis as per the laid down policy in this regard to the AVP.

• Audit Support & Oversight for International Subsidiaries. - Contribute in imparting training/ guidance to the relevant trainees and staff.

D. Learning & Knowledge:

• Identify related areas for professional development of himself and ensure these are reflected in the Division's training plans.

• Proactively identify areas for professional development of self and undertake development activities.

• Seek out opportunities to remain current with all developments in professional field.

E. Legal, Regulatory, and Risk Framework Responsibilities:

• Comply with all applicable legal, regulatory and internal compliance requirements including, but not limited to, Group Compliance Policies and Procedures (AML & CTF, Sanctions Policy, Data Protection Policy, Fraud Control Policy, Whistle Blowing Policy, Conflict of Interest and Insider Dealing Policy).

• Understand and effectively perform your role under the Three Lines of Defence principle to identify measure, monitor, manage and report risks.

• Ensure systematic good outcomes for clients in accordance with Conduct Risk policy.

• Support the framework of RCSA, KRI, Incident reporting and remediation, as appropriate, in accordance with the Operational Risk Management requirements.

• Maintain appropriate knowledge to ensure full qualification to undertake the role.

• Complete all mandatory training provided by the Bank, attain, and maintain the required levels of competence.

• Attend mandatory (internal and external) seminars as instructed by the Bank.

F. Other:

• Unrestricted access at any time to all information, records, personnel and property at international subsidiaries as well as within Qatar (as and when applicable) that is required for the effective discharge of his responsibilities.

• Maintain utmost confidentiality with respect to the information obtained during the discharge of day-to-day responsibilities.

Education/Experience Requirements:

• Bachelor degree preferably in finance, economics, accounting, banking, Management or related subjects.
• Professional certification or designation such as CIA, CPA, CA, ACCA, CBA or equivalent is required.
• Fresh graduate with no experience required.

Required Special Skills:

• Excellent oral and written communication skills in English and Arabic (preferable).
• Adequate legal and documentation background.
• Proficiency in corporate governance, risk concepts, international banking operations/ practices including credit, operations, treasury and investments, and pertinent regulatory requirements.
• Knowledge of Basel Committee best practices pertaining to the area of responsibility.
• Well-developed analytical and interpersonal skills.
• Self-motivated, eye for detail.
• Problem solver.
• Ability to persuade others.
• Flexible team player and able to work and deliver under pressure.
• Knowledge of applicable International Accounting Standards and related pronouncements.
• Strong Microsoft Office skills (e.g., Word, Excel, PowerPoint, Outlook).