Head Of Internal Audit
Qatar first Bank
Total years of experience :25 years, 8 Months
Current & Previous positions held with QFB include: Head of Internal Audit Department, Head of Internal Audit & Compliance Department and Head of Compliance Department.
Reporting to : Chairman - Audit, Risk & Compliance Committee
I Joined QFB in Jan 2015 in order to establish & manage Internal Audit Department in line with International Standards for Internal Audit and best practices. Currently, managing both Internal Audit and the Compliance Departments.
Responsibilities:
Internal Audit
To Establish the Internal Audit Department within QFB; and
To establish the Internal Audit Framework, documentation, budgets & resource requirements in line with Board of Directors (Audit Committee) expectations, International Standards for Internal Audit and Best Practices. This includes but not limited to the following:
• Audit Committee Charter
• Internal Audit Charter
• Internal Audit Manual (Standard Operating Policies & procedures)
• Internal Audit Budget, Templates resources requirements
Managing and building communications/relationships with external parties including Regulators, External auditors and Internal Audit vendors (outsourced assignments)
Compliance
To provide assurance to The Board and Audit, Risk and Compliance Committee that all significant business, financial, operational compliance risks are effectively controlled by Management;
Coordinate with the CEO to develop functional strategies for the QFB’s Compliance and AML functions;
Identifying and assessing compliance with regulators rules and regulations to ensure compliance and that compliance risk is properly mitigated through establishing and implementing necessary controls;
Provide independent appraisal of the Bank’s compliance with laws, regulations, policies, procedures and set standards in order to ensure that business is conducted in accordance within the framework of the applicable laws and regulations;
Act as the MLRO for the bank; and
Establishment, implementation and maintenance of adequate policies and procedures sufficient to ensure compliance with regulators rules and regulations pertaining to Compliance, AML and FATCA
Detailed Job Responsibilities
Internal Audit
Performing detailed Internal Audit - Risk Assessment of all QFB’s auditable entities based on Internal Audit standards and best practices;
Develop and execute Risk Based - Annual Audit Plan covering QFB auditable entities;
Build professional, experienced and well trained audit team capable of adding value to the Internal Audit Department and QFB;
Provide Guidance and on job training to Internal Audit Staff enabling them to perform tasks as expected and enhance overall performance; and
Preparing periodic reports to the Audit Committee and Board of Directors of major audit observations during the period and management corrective actions.
Compliance
Identifying and assessing compliance with regulators rules and regulations to ensure that full compliance and that compliance risk is mitigated through establishing and implementing necessary controls;
Lead the identification and diagnosis of compliance requirement across QFB;
Develops the compliance, FATCA and AML framework, policies, procedures and plans for QFB in alignment with the strategic business requirements;
Provide all the necessary support to QFB departments/divisions to full compliance with regulatory requirements as and when required; and
Provided training to staff on Audit, Compliance, AML, risk management, corporate governance and internal controls.
Money Laundering Reporting Officer (MLRO)
To ensure that QFB has effective systems & controls for compliance with requirements & standards under the regulatory systems;
QFB ability to identify, assess, monitor & manage money laundering risk;
To ensure that QFB’s AML framework, policies, procedures, systems & controls are comprehensive & appropriate.
I Joined SIB in 2006 in order to establish and manage Credit and Investment Audit Department as a separate function/department within the Internal Audit Division. During this period I had actively participated in audit assignments and projects covering multiple business areas from the planning through to the report writing phase reviewing the effectiveness of risk management, Sharia’a risk, and financial, operational & regulatory controls.
Job Duties
Develop/Assist in developing annual audit plan based on risk assessment.
Assist in developing internal audit budget and resource requirements.
Assist in preparing policies and manual for the audit activities and executing its technical and administrative functions.
Conduct risk assessments, identify and evaluate risks and controls for credit/investment related activities, operation departments and processes.
Carrying out detailed/thorough and ongoing Risk and Compliance review of the following areas and functions:
• Investment Group.
• Corporate Banking Group (CBG).
• Retail Banking Group (RBG) - credit related activities/functions.
• Credit Risk Management Division (CRMD).
• Recovery and collection Department.
• Credit Administration Department (CAD).
• Operation Departments related to above mentioned Groups and Divisions.
• Financial Control Division (FCD)
• Compliance with UAECB guidelines/rules and regulations as well as Sharia’a Standards
• Review completeness and accuracy of reports prepared according to Basel II accord.
• Adequacy and accuracy of Provisions.
Review Investment Group, CBG and RBG activities, accounts and portfolio as well as their related operation departments to evaluate and assess:
• Adequacy and efficiency of controls and risk management procedures over the credit granting/investment processes & its related activities
• Compliance with the established credit SOPs, official laws & regulations & Sha
Detailed job duties included in the attached CV
Preparing Credit Proposals for commercial and corporate customers (Realestate financing, Istisna'a, Ijara, Murabaha, Shares Murabaha…etc) that includes reviewing the subject Financial statements and preparing spreadsheet analysis and risk rating and mitigation and forwards the credit proposal to the CRM for final approval.
Reviewing and Approving retail credit applications (Istisna'a, Ijara, Cars, Shares & Goods Murabaha…etc.
To insure full compliance with the Bank's policies and procedures regarding Retail Credit proposals and approvals.
Marketing the Bank's different products to the potential customers.
(-) Carrying out day-to-day customer cash checks
services, i.e. deposits, withdrawals …etc.
(-) For the period of Dec.99 and thereafter as
Customer Service Officer (CSO), Duties include
opening accounts, fixed deposits, personal
loans, small business loans and overdrafts…etc.
Level 2
Certified Internal Auditor.
Certified Credit Analyst
CPA (Certified Public Accountant) preparation course (Allredy passed Financial Accounting and Reporting Section).