Senior Director
AL Rajhi Bank
Total years of experience :19 years, 11 Months
As Regulatory Compliance Senior Director reported directly to the Group CCO, I am ultimately responsible to establish and implement an effective compliance monitoring program within
Forensic, Accounting Advisory Services
Forensic, I have developed an extensive managerial experience through involvement in several consulting engagements that require proficiency in, forensic, compliance, fraud, anti bribery, risk management, internal audit, risk management and accounting advisory services. Moreover, I have contributed to the team responsible for developing a forensic unit in KPMG KSA, by delivering forensic services to clients and preparing multi-forensic services proposals the market is looking to.
•Lead all regulatory compliance assessment engagements by way of reviewing auditee policies, procedures, methodology, operations, forms and conduct the required substantive testing to ensure the fulfilment of various regulatory bodies including but are not limited to SAMA, CMA, Ministry of Labour, Ministry of Finance, Ministry of health, Ministry of education, … etc.
•Lead Anti-bribery and corruption (ABC) compliance review /investigations on multi-national corporations in line with the FCPA and UK bribery act.
•lead forensic accounting audit; that is collating, organizing and reviewing the pertinent financial records in response to whistle-blower allegations and assisting findings with supportive evidence.
•Fraud and Financial Misconduct Investigations: assisted clients to quickly respond to incidents by securing documentary evidence, interviewing witnesses and suspects and using technology to extract relevant information.
•Dispute Advisory Services: provided evidential data to the legal forum in order to address commercial or other legal actions.
•Anti-Bribery and Corruption Compliance and Investigations.
•Design Anti-Fraud Program: to determine the status and maturity of the anti-fraud management within financial institutions and commercial entities - this includes the three main components of fraud management which are Prevention, Detection and Management (incl. investigation and reporting).
•Develop Fraud Training Material: which include international best practices and in accordance with the requirements of SAMA, CMA or other sources; training sessions are classified for four categories of recipients, being Board of Directors, Senior Management, Antifraud Unit and all staff.
•Performing a jointly inspection with Saudi Arabian Monitoring Agency inspection team for annual banks review, catering for the areas of Compliance, AML and Antifraud Unit, in 2011, 2012 and 2013.
•Design processes, policies and procedures to identify and manage threats to the achievement of organizational or business objectives, mainly in terms of risk assessment, compliance and AML/CTF, and operational processes.
•Review and design the procedures to Review all type of policies and procedures that related to entities or banks products, services and operations to ensure compliance with the regulations and best practices.
•Advise financial institutions on the establishment of an Internal Audit Department, based on the company’s structure and complexity of operations, thereby setting the internal audit charter and internal audit manual.
•Undertake risk assessment which involves analyzing organizational risks as well as identifying, describing and estimating the quantitative and qualitative risks affecting the business at both operational and systems levels.
•Undertake company-wide risk assessment, identifying major risks, their impact and likelihood, in order to establish a risk register that captures the major company risks and therefore establish the internal audit plan.
•Perform risk evaluation which involves comparing estimated risks with risk criteria established by the organization such as compliance, legal and regulatory requirements, and financial and operational factors.
•At a strategic level, contribute to process mapping in order to understand business processes and linkage to areas of risk. In this respect, engagements performed involved banking account life cycle mapping, compliance review with local laws and regulations, gap analysis and risk assessment, process enhancement and control matrix setup.
•Perform process reviews in order to identify areas of non-compliance, excess / lack in controls, and comment on effectiveness and efficiency.
Team leader for Reconciliation of the banks accounts (local and foreign).
•Coordinator between Nostro and Vostro accounts.
•Authentication of the derivatives transactions.
•Systems and ledger matching.
•Preparing daily income statement and establishing analysis of variances.
•Preparing (daily, weekly and monthly) statistics for
Book keeping for some firms which have different activities and audit accounts for various firms’ activities.
•Preparing entries, posting accounts and trial balance control.
•Preparing the financial statements as balance sheet and reconcile the banks statements and credits.