Head of Internal Control

Job Purpose:To ensure continuous and effective oversight of all operational activities in line with the Bank’s strategy, by providing recommendations and consultations that add value to the Bank’s operations, contribute to improving risk management, enhance governance efficiency, and support the Bank in achieving its objectives.Responsibilities:1. Planning and StrategyDevelop the annual plan for the sector and ensure its alignment with the Bank’s overall strategy.Coordinate with relevant stakeholders in developing the strategic plan and defining the sector’s annual objectives.Develop detailed annual objectives at the level of the sector’s general departments and communicate them to subordinates.Ensure that sector staff clearly understand their assigned tasks and responsibilities in accordance with the approved plan.2. Oversight and Risk ManagementMonitor the execution of tasks assigned to the sector to ensure achievement of annual objectives through the following:Supervising the development, updating, and implementation of policies and procedures related to internal control over operational activities, ensuring effective management of banking operational risks and achievement of objectives efficiently and in compliance with regulatory requirements.Overseeing the continuous development and updating of the internal control framework matrix for all operational activities based on risk analysis and the relative importance of banking activities.Supervising the evaluation of the internal audit system and measurement of operational risks, and assessing the effectiveness and adequacy of control procedures, with continuous improvement.Exercising professional judgment in assessing the causes and relative significance of observations and classifying risks identified in internal control reports, and preparing recommendations to reduce the likelihood of risk recurrence.Reviewing and approving periodic internal control reports (monthly / quarterly / semi-annual / annual), presenting recommendations, and escalating them to relevant stakeholders, while following up on corrective actions and ensuring sound governance practices.Supervising coordination with inspection entities and other control sectors regarding high-impact observations, high-risk issues, and recommendations arising from root-cause analysis and remediation plans.Reviewing reports received from other regulatory bodies, issuing necessary circulars and instructions to address regulatory observations, and following up on implementation by relevant departments.Providing advisory support to senior management (as a standing member of operational committees) to add value and enhance the effectiveness of control systems over banking operations.Reviewing incident reports, including detailed analysis of significant observations, and determining escalation to senior management and relevant control sectors (Internal Audit, Risk Management, Compliance, and Corporate Governance).3. Performance and Quality AssuranceEnsure quality of work and continuous improvement of sector performance.Direct subordinates and provide technical support to ensure effective execution of responsibilities.Resolve obstacles and conduct continuous follow-up to ensure achievement of the sector’s annual objectives.Develop appropriate methods, procedures, and work processes to ensure effective performance and achievement of defined goals.Establish periodic reporting frameworks to monitor sector performance and provide necessary data to senior management.4. Capability DevelopmentCoordinate with Human Capital to ensure availability and training of required competencies in accordance with operational needs.Maintain continuous communication with sector employees to clarify objectives and provide necessary guidance.Review and approve employee performance evaluations, identifying training needs required for performance improvement.Prepare second-line leadership and develop human capital within the sector as part of succession planning.Job Requirements:Academic Qualifications:Appropriate university degree; preferably a Bachelor of Commerce with a major in Accounting or Economics.Preferably holds an international professional certification in operational auditing.Preferably holds accredited certifications from recognized institutes in:Banking governance and financial institutionsOperational risk auditing for banking activitiesInspection, review, and specialized financial analysisExperience:Minimum of 18 years of experience in the banking sector, including at least 10 years in internal audit/internal control.