Compliance and Risk Manager
Pharonia Pharmaceutical
Total years of experience :18 years, 1 Months
• Lead, develop, implement, monitor, and maintain the Enterprise Risk Management (ERM) process
within the company.
• Evaluate the company’s risk and control frameworks.
• Ensure risk management priorities are reflected in strategic plans and initiatives
• Advise and collaborate with risk owners on identifying, assessing, and mitigating risks and control
weaknesses
• Act as an advisory capacity/2nd line of defence supporting first-line business management by
providing the required support to various business functions to ensure business objectives are
delivered within an effective risk and compliance framework.
• Develop, implement and lead integrated governance, risk and compliance "GRC" strategies.
• Measure and report on the effectiveness of strategies, policies, and procedures for managing risks
and supporting strategic decision-making
• Foster accurate and timely communication of risks, issues, and opportunities that affect/could affect
the company's mission
• Maintain the company's policies and procedures.
• Incorporate standards, frameworks, and best practices from industry-recognized sources (e.g.,
Committee of Sponsoring Organizations of the Treadway Commission (COSO)
• Monitor, test, and report on compliance with laws, regulations, policies, procedures, contracts, and
corrective action plans (CAPs); monitor and follow up with the implementation of CAPs and
recommendations.
• Conducting training & Awareness to embed Risk MGMT Methodology and compliance role within the
company culture.
Job Purpose:-
Assess the internal control, risk management, Governance processes and the degree of risk within the Group accordingly develop an risk-based internal audit plan and to ensure conformance of audits activities with acceptable standards, budgets and annual audit plan approved by the board of directors hence propose proper recommendations improving the company’s operations.
Duties & Responsibilities:-
• Develop a flexible audit plan using an appropriate risk- based methodology including any risk or control concerns identified by management and submit that plan to the board for review and approval.
• Implement the annual audit plan, including as appropriate any special tasks or projects requested by management and by the board.
• Monitoring company's financial and operational performance of a given area of activity versus budgets providing the proper actions.
• Examine and evaluate the adequacy and effectiveness of the internal controls.
• Evaluate the quality of performance in carrying out the assigned responsibilities.
• Design and schedule work programs to ensure adequate audit coverage of the identified audit risks.
• Plans and conducts compliance reviews for the purpose of ensuring compliance with the Group policies and procedures, plans, objectives, laws and regulations and contracts.
• Review operations to provide a reasonable assurance on whether results are consistent with established objectives and goals and whether these are being carried out as planned.
• Review and approve of audit reports "draft, final" and working papers before presentation.
• Discuss the audit findings and recommendations with the process owners.
• Prepare quarterly progress reports of activities and results for presentation to the board ensuring continuous update and feedback on progress.
• Maintain a high and continuous profession development.
• Organize and supervise the activities and work of subordinates.
• Participating in the investigation of significant suspected fraudulent activities within the organization and notify management and the board of directors of the results.
• Outsourcing and contracting with audit firms to performed internal audit activities within organization when recommended " agree about scope, work programs, status, deliverables, follow up with them and facilitate their work".
Job Purpose:-
To participate in planning audits, performing audit field work, supervise the activities of staff auditors assigned to the review, ensure conformance of audits activities with acceptable standards, budgets and annual audit plan as well as assisting with other audit projects.
Duties & Responsibilities:-
• Conducts audits within the established timeline, and established risk-based audit programs or ad hoc assignments.
• Design of audit program routines to assess the effectiveness and efficiency of internal controls.
• Planning appropriate qualitative / quantitative tests to be carried out during audits.
• Develop and supervise staff auditors engaged in the reviews (Setting goals Schedule projects and staff assignments so as to comply with internal audit activity’s overall schedule/Design the purpose, scope and approach of each engagement/Develop risk-based work programs/Monitoring performance during execution of the assigned engagements/Providing feedback and documenting performance).
• Conducts opening meetings with related process owner to explain the scope and objectives of the audit engagement and provide an overview of all steps in the audit process.
• Conducts closing meetings with related process owner to discuss audit findings and briefings on outcomes of audits.
• Preparation of a concise and informative audit report to effectively communicate the findings and recommendations to senior management.
• Conducts regular follow-up exercises to review status of agreed actions to provide assurance or an updated status on the implementation of the agreed actions.
Job Purpose:-
Examine and evaluate the adequacy and effectiveness of the organization's internal control systems, procedures, recommend actions to improve operations, enhance internal controls and reduce costs where possible.
Duties & Responsibilities:-
• Develop and document a thorough understanding of business processes.
• Identify and document inherent risks and controls within the business processes.
• Conducts audits within the established timeline, and established risk-based audit programs or ad hoc assignments.
• Evaluate the adequacy and the effectiveness of internal control.
• Propose practical and value added recommendations to address control weaknesses and/or process inefficiencies.
• Develop and maintain ongoing reporting on findings and recommendations.
• Perform audit tests in accordance with professional IIA standards.
• Contributes to the safeguarding of company's assets.
• Conducts investigations of suspected fraud.
Job Purpose:-
Review, Release and Book keeping of all Foreign branches financial documents prepared by branches accountants from head office (Assets, Banks - Clients - Inventory - Suppliers - letter of credit - petty cash - accounts payable - accounts Receivable, revenues recognition, costing, budget monitoring ……) using an accounting ERP system (Orion10-Oracle Data base) .
Duties & Responsibilities:-
• Costing the Inventory, Review & Release of daily inventory transactions.
• Develop and implement Customers Evaluation & Customers Credit over limit policies and provide recommendation to management.
• Keep proper records of accounts payable and accounts receivable, Review Confirmations with clients - suppliers.
• Supervising collections from clients.
• Review cash flow on monthly basis and prepare cash flow report.
• Review daily cash payments operation including vouchers and checks issuance.
• Review the completeness and accuracy of procurement process and ensure timely payment.
• Review & Release branches monthly payroll.
• Review & Release daily general accounts Journals entries.
• Review and prepare bank reconciliation statements & the necessary adjustment entries.
• Follow up all Accruals & provisions and prepare the needed adjustments.
• Budget Preparation, review, variance investigation and reporting.
• Prepare Monthly and yearend entries for closing.
• Update the Chart of account.
• Preparing financial statements and all needed financial reports and analyses and discuss the financial statements file with external auditors.
• Provide Training to branches Accountants including ERP finance module and monthly closing.
Job Purpose: -
Our mission was to get a reasonable assurance that the financial statements are prepared in conformity with International Financial Reporting Standards "IFRs" & presented fairly in all material repeats.
Duties &Responsibilities: -
• Examination & Auditing of client's financial statements.
• Analyzing financial data, records, reports and statements.
• Think strategically about client needs by understanding their business and key risks.
• Providing additional help and guidance to clients on a consultancy basis.
• Identifying ways to maximize the relationship with clients and deliver added value.
• Monitor and control auditing staff (planning, execution and reporting).
Pass