Implementing the ICOFR Framework across QNB Group’s which will include but is not limited to:
Determining Materiality
Selection of significant financial statement line items and accounts
Mapping of significant accounts and disclosure to the related internal processes
Applying Risk-based approach for determining key processes and related internal controls to be in-scope for Management Assessment on ICOFR
Updating documents for related Processes, Systems and Controls
Perform and document walkthroughs for all Key Controls
Test the design of the Key Controls
Test the implementation of the Key Controls
Test the Operating Effectiveness of Key Controls
Remediate any design deficiencies prior to proceeding with operating effectiveness testing
Updating Risk and Control Matrix (RCM) for all Internal Controls over Financial Reporting
Documenting critical information related to the controls e.g. Process Owner, Inherent Risk Rating, Frequency, etc.
Sample testing based on the QNB Group Sampling methodology
Creating and updating the test plans to document the results of the Operating Effectiveness testing
Evaluating the results of the Design & Operating Effectiveness testing
Agreeing the results with the Process Owners
Developing a remediation plan to address the observations
Enter Details:
Bachelor Degree with a Major in Marketing, Banking, Finance, Accounting, Economics, Business Administration or Information Technology with professional qualifications such as CFE / CIA / CRMA / CAMS.
A minimum of 2 years of experience in a major financial institution or Big 4 audit firm
Excellent oral and written communication skills (including report writing) in English and Arabic.
Good interpersonal and presentation skills.
Understanding of the relevant laws, regulations, and practices.
Ability to make decisions and follow through with initiatives.
Personal integrity and self-management.
Planning, organising, and analytical ability.
Results oriented.
Strong analytical skills and the ability to communicate both verbally and in writing with all levels of management.