Assistant Manager Internal Audit
Index Exchange LLC
Total years of experience :17 years, 11 Months
1. Successfully completed internal audit assignments at various clients which were belonging to Car rental industry, Hospitality Industry, Automotive Industry etc.
2. Prepared Risk based Annual Audit Plan
3. Managed the team and timely completed the projects
4. In less time, got accustomed with Firm Audit Methodology
1) Perform internal audits of processes e.g Sales & collections, Fixed assets, General Ledger & Accounting etc as per approved risk based internal audit plan. The audits included travelling to different locations (Egypt, Bahrain, Pakistan)
2) Draft internal audit reports and discuss audit observations with appropriate levels of management (including Country manager) and work with management to develop reasonable and sufficient corrective actions;
3) Provide timely and valuable suggestions to management on their requests for improving internal controls and making processes more effective & efficient. Also review various SOPs & policies before they were being approved and rolled out for implementation.
4) Perform quarterly follow-ups of audit recommendations & reporting results to Senior IA Manager - Corporate Internal Audit & Compliance for onward submission to Executive Committee/BOD.
5) Prepare Internal Audit Scorecard for Pakistan Market detailing the quarterly performance of the department.
6) Assist Manager Internal Audit in preparing risk based annual audit plan
1) Prepared Risk based Annual Audit Plan including risk assessment of entity’s activities / processes.
2) Assisted Head of Internal Audit in annual review and implementation of Audit Committee & Internal Audit Charters.
3) Prepared detailed audit programs explaining audit objectives, audit risks and audit procedures to be performed. Conducted several departmental / processes audit including Payroll function, Revenue Business Cycle, Market Surveillance Department Audit, Assets & Liabilities etc.
4) Performed Regulatory Audits in which reviewed entity’s compliance with prevailing Rules & Regulations and also benchmarking existing rules & Regulations with International Stock Exchanges.
5) Drafting and finalizing internal audit reports including suggesting value adding recommendations. Provided valuable assistance in various audits by using automated audit tool Audit Command Language \[ACL\]. This resulted in effectively reducing audit hours & performing efficient audits.
6) Assisted Head of Internal Audit in the management of Brokerage House Audits. Reviewed and involved in drafting Regulations for broker audits.
7) Appointed as an Investigating Officer by SECP and KSE for fraud investigation of expelled brokerage houses.
8) Conducted special assignments including review of KSE financial statements, pre-audits of Capital Expenditures, assisted Head of Internal Audit in reviewing rules, policies & procedures, evaluating proposals, preparing guidance papers etc.
1) Performed internal audits of various Mutual funds, manufacturing companies, Karachi Stock Exchange etc.
2) Assisted Manager ERS in preparing various client proposals.
3) Assigned at special assignment of UIN verification where non-compliances by brokerage houses were highlighted resulting in penalty by stock exchange
4) Developed polices & procedures manual for brokerage related services at Investment Bank.
5) Involved in due diligence of Industrial Development Bank of Pakistan
I have completed ACCA in almost 1st Attempt.