As part of its commitment to promoting national talents and empowering local hires in leadership positions

 

Kuwait, 13 June 2022: Gulf Bank has announced the appointment of Mr. Ali Al Faras as General Manager of Internal Audit, effective June 16, 2022, following the approval obtained from the Central Bank of Kuwait.

 

Gulf Bank’s latest appointment falls in line with the Bank's policy of promoting national talents and empowering local hires in leadership positions, which is an essential part of the Bank’s ongoing strategy for the year 2025.

 

Al Faras has over 19 years’ worth of experience in the banking sector, predominantly at Gulf Bank. He is well-versed in Internal Controls, Compliance, Policies/Procedures, as well as risk management and complex auditing techniques.

 

Al Faras started his career as an assistant auditor, quickly rising up the ranks to lead the Consumer & Retail Credit Audit and Investigations Unit. During this time, Al Faras also spearheaded the oversight of other Internal Audit teams, including the Financial Audit, Credit Risk Audit and IT-Audit units.

 

His extensive range of experience eventually led to his appointment to General Manager of Internal Audit, with Al Faras managing the Internal Audit team and adopting a risk-based approach to assess the risks and effectiveness of the organization’s internal controls, and recommending measures to improve the efficiency of operations in alignment with the direction of the Board Audit Committee and Internal Audit standards.

 

Al Faras is a Certified Risk Based Auditor (CRBA) and Certified Compliance Officer (CCO). He obtained the General Management Program (GMP27) from Harvard Business School, and attained the Emerging Leaders Program from London Business School.

 

Al Faras holds a Bachelor’s degree in English from Kuwait University.

 

Gulf Bank's vision is to be the leading Kuwaiti Bank of the Future. The Bank is constantly engaging and empowering its employees as part of an inclusive and diversified workplace in recognition of every employee’s role in delivering customer excellence and serving the community at large. With its extensive network of branches and innovative digital services, Gulf Bank is able to give its customers the choice of how and where to conduct their banking transactions, all while ensuring a simple and seamless banking experience.

 

Gulf Bank is committed to maintaining a robust sustainability program at the community, economic, and environmental levels through sustainability initiatives that are strategically selected to benefit both the country and the Bank. Gulf Bank supports Kuwait Vision 2035 “New Kuwait” and works with various parties to achieve it.