In line with Warba’s commitment to develop the professional performance of the its executive management, The Bank announced that the Chartered Institute of Internal Auditors, UK and Ireland has awarded the CMIIA certification to Mr. Mahmoud Mohamed Yousef, Chief Internal Auditor of Warba Bank, after successfully passing an assessment stage to evaluate his professional qualifications and subsequently attending a panel interview with the CIIA assessors who are Chartered Internal Auditors, on 25th June 2014 at head office in the UK to evaluate his vast experience in internal auditing.
As a Chartered Internal Auditor holding CMIIA Certification, Mr. Yousef has gained international recognition of his professional excellence in the field of internal audit, risk management, control and corporate governance. He has become a full voting member of the Chartered Institute of Internal Auditors, UK and Ireland.
The Chartered Institute of Internal Auditors has affirmed that Mr. Yousef is the only professional currently holding this prestigious certificate in the State of Kuwait and this will enable him to provide independent consulting services that add value and improve operations and internal control systems applied at banks.
The Chartered Institute of Internal Auditors is the United Kingdom and Ireland chapter of the Institute of Internal Auditors and is a member of the European Confederation of Institutes of Internal Auditors. It was founded in 1948 and is the only professional association for internal auditors in Ireland and the UK. The Institute received its Royal Charter in October 2010.
Mr. Yousef has been holding the position of Chief of Internal Auditor at Warba Bank since 2011 when he set up the Internal Audit Group and contributed in developing the Group’s policies and procedures manual as well as training all necessary technical staff. He has also contributed in laying down functional rules applied at the internal Audit Group, enhanced the internal control systems and the implementation of the corporate governance rules and the Bank’s compliance with instructions of external regulators.
Mr. Yousef’s experience extends for more than 30 years in the field of internal audit at both local and international banks. He promoted his professional experience in internal audit and executive management through training courses, workshops and benchmarking visits for exchanging experience with several American and European banks and universities such as Chase Manhattan Bank (New York), HSBC (London), Harvard University and the American University of Beirut. Before joining Warba, Mr. Yousef had worked at renowned financial institutions.
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