Audit Director
Obeikan Investment Group
Total years of experience :24 years, 1 Months
Manage operations of Internal Audit providing assurance services such as Financial, Operations, IT Systems Review, Compliance, Fraud Investigation & Special Projects/Reviews requested by management. Further, provide consultancy services on business processes improvement, policies & procedures and other advisory services to continuously improve company governance, risk management and control processes.
Develop flexible risk-based annual audit plan detailing the budget, audit scope, nature, timing and resources requirement of audit activities adequately covering all key activities of the organization prioritizing high risk areas including risks and concerns identified by management that are significantly affecting the achievement of the company strategic and operational objectives.
Implement approved annual audit plan and ensure the completion of audit engagements, audit objectives, scope, procedures, resources, on-going client communication and reporting of results are efficiently and effectively carried out.
Implement and maintain Quality Assurance & Improvement Program (QAIP) that covers all aspects of the internal audit activity and ensure the operation of internal audit activities are in accordance with the Internal Audit Charter and International Standards for Professional Practice of Internal Auditing.
Review and evaluate the compliance and effectiveness of company’s policies, systems, processes, procedures and internal control system in accordance with best practices, applicable laws and regulations.
Implement Enterprise Risks Management programs across the organization to ensure that risks that matter are properly identified, assessed, managed and monitored (Consultancy Services).
Manage the automation of the audit processes, working papers documentation, reporting and audit issue tracking & monitoring through CCH TeamMate Audit Management Software. This includes scheduling of audit assignments, assigning of auditors, timesheet, monitoring of audit projects milestones and actual status, various reports and dashboards.
Manage the implementation of data analytics (i.e. ACL Robotics/HighBond) automating the assurance, compliance, fraud detection and other similar audit services. Dramatically increased audit coverage, efficiency and effectiveness through continuous audit checking 100% transactions based on pre-defined criteria & frequency, automatically identify audit issues and trigger alerts to concerned personnel to immediately take actions and resolve the audit issues.
Provide consultancy services to various departments and business units in the successful implementation of various Robotic Process Automation (RPA) projects and live management dashboards and reporting system through Power BI that dramatically improve management actions and decision-making processes.
Prepare quarterly reports and audit updates to the Audit Committee and senior management.
Continuously develop audit team through recruitment, training, performance management and continuous coaching & promoting positive working relationships by effectively communicating and regularly sharing information, learning and knowledge with the team.
Interact with senior management & key personnel & maintain effective ongoing relationship to keep abreast with business developments & initiatives for proper alignment of Group Internal Audit services & priorities.
Maintain proper coordination with other assurance providers.
Develop flexible risk-based annual audit plan that adequately covers both assurance and consulting services consistent and aligned with company overall strategies and directions.
Provide assurance services such as Financial, Operations, IT systems, Compliance, Fraud Investigation and Special Audit/Projects requested by management.
Provide consultancy services on business processes improvement, risk management, policies & procedures and other advisory services to continuously improve company governance, risk management and control processes. .
Oversee and manage the completion of audit projects including determining the audit objectives, scope, resources, on-going client communication and reporting. This includes regular audit issues tracking and follow-up to ensure agreed action plans are effectively implemented to mitigate the risks highlighted.
Review and evaluate the compliance and effectiveness of company’s policies, systems, processes, procedures and internal control system in accordance with best practices, applicable laws and regulations.
Conduct fraud investigation and promptly highlight the results and recommendations to appropriate management.
Continuously develop audit team through recruitment, training, performance management and continuous coaching & promoting positive working relationships by effectively communicating and regularly sharing information, learning and knowledge with the team.
Interact with senior management and key personnel and maintain effective ongoing relationship to keep abreast with business developments and initiatives for proper alignment of Internal Audit activities & priorities.
Lead the successful implementation of ERP systems and manage its continuous improvements to meet company current and future operational and financial reporting requirements.
Coordinate with external auditors and other assurance providers.
Certified Public Accountant - CPA Certified Internal Auditor - CIA Certification on Control Self-Assessment - CCSA