Internal Control Officer / Senior Officer

Role Overview

The Internal Control Officer/Senior Officer role at Qatar Insurance Group focuses on establishing and maintaining a robust control environment tailored to preventing fraud, minimizing financial or resource losses, and driving operational efficiency.

Key Duties and Responsibilities

• Develop and sustain an internal control framework that safeguards against fraud, resource loss, and encourages productivity throughout the organization.
• Create and continuously update a comprehensive internal control library, incorporating controls into IT systems.
• Design department-specific policies and procedures ensuring alignment with regulatory standards and organizational business needs, in collaboration with department leaders.
• Link policies and procedures directly to the internal control catalogue and regulatory mandates.
• Oversee systems for policy and control documentation management including creation, updates, dissemination, and obtaining periodic user reviews and approval.
• Secure agreement from department heads on the internal control registers to ensure ownership and accountability.
• Identify and document principal risk areas across operations using both quantitative and qualitative methods, developing controls to mitigate these risks and enhance the overall control environment.
• Manage and develop a performance dashboard tracking critical controls in real time, highlighting control failures or deviations promptly.
• Produce detailed monthly and quarterly internal control effectiveness reports, focusing on areas that require attention and recognizing strengths.
• Lead coordination and management of internal, external, and regulatory audits aiming for clean audit outcomes, and integrate audit recommendations into future control enhancements.
• Engage regularly with heads of departments to assess and reinforce control measures specific to their areas and ensure organizational coherence.
• Gather feedback on control processes, applying improvements in a continuous development cycle.
• Use data analytics to inform and prioritize control upgrades that improve business results and risk management.
• Review manual controls for potential automation to deliver financial benefits and operational efficiencies.
• Supervise the implementation of automated controls ensuring improved data integrity and workflow efficiency with minimal disruption.

Experience and Qualifications

The ideal candidate must possess 3 to 5 years of experience in the insurance and reinsurance sector or in IT/Analytics pertaining to insurance. Candidates with a background in Risk Management will be preferred. Qualification requirements include being a Chartered Accountant or an MBA graduate from Tier-1 or Tier-2 business schools.