Monday, 1 July 2013

Required Manager Fraud Investigations / Operations Audit - Gulf Bank

Gulf Bank was established in 1960 and has since progressed to becoming an industry-leading financial services provider complemented by a large network of 55 branches strategically positioned in key locations across Kuwait.

The main groups of the Bank are Consumer Banking, Corporate Banking, International Banking and Treasury.

To manage the Fraud & Investigation function, and to meet audit and regulatory requirements.

Education / Qualifications:
        Bachelors in Commerce and/or in Banking/Finance
   
Knowledge:
        Extensive knowledge of investigation, interrogation techniques, audit  practices in Financial Institutions

Experience:
        At least 12 years in Senior positions in an International bank

Accountabilities::
   
Policy & processes
        Develop and implement internal policies and processes related to conduct of investigations and monitoring of frauds
   
Investigations
        Conduct audit investigations and ensure comprehensive root-cause analysis and reporting
    
Fraud Monitoring:
        Identification of possible fraudulent indicators and warning signals (red flags) and monitor the same
   
Reporting
        Report on investigations completed, and propose corrective actions.
   
Audit / Fraud committee
        Prepare reports for the Audit Committee and ensure committee members are briefed quarterly. Update the Fraud Committee (FCRC) of the investigations and follow-up on the action advised by the Committee.
   
Pending issues
        Follow up on agreed management actions and ensure action plans are implemented
   
Advice on Fraud Monitoring
        Issue alerts to Group / Business Heads on issues related to fraud and fraud preventive control mechanism.
   
External authorities
        Coordinate with Regulatory authorities, external auditors, etc, pertaining to the investigations. Attending court cases and providing evidence related to fraud charges.
   
Leadership & People Management:
        Exhibit strong leadership by managing performance, developing and motivating staff
   
Policies & Procedures:
        Recommend improvements to departmental policy and direct the implementation of procedures
   
Corporate Governance:
        Ensure compliance with all CBK, GB operational procedures, Risk and AML policies and procedures

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