Manager Internal Audit - Credit and Operations
MASRAF AL RAYAN
مجموع سنوات الخبرة :27 years, 8 أشهر
Preparing and executing audit plans for bank and its subsidiaries based on the risk assessment of each unit and entity
Analyzing financial and non-financial data with the budgeted targets and identifying root causes of variations
Conducting operational audit of all departments, support functions, business units and branches
Auditing banks credit portfolio and relationship management of business groups
Conducting end-to-end credit audits of financing portfolio, from origination to remedial management, with special emphasis on credit approval and disbursement process, adequacy of securities and collaterals, deferrals and waivers, repayments and collection of finances
Conducting regulatory compliance audits of retail & private banking branches and units to ensure branches and business units are in compliance with the regulatory requirements, AML and CFT Rules and internal policies & procedures
Checking the new account opening process with an emphasis on customer KYC and CDD aspect in the light of AML & CFT policies and highlighting non-compliance of AML and CTF regulations to the bank's senior management
Conducting audit of private banking (priority banking) to ensure the relationship management has appropriately been done to attain the objective of private banking
Audit of investment banking group (IBG) to ensure that the investment projects of IBG are carried out as per the timelines, without compromising the quality
Audit of asset management services to the IBG customers, to ensure growth in customers funds is intact
Adding values to the operations of branches, units and departments through recommending corrective actions for control lapses and gaps
Tracking outstanding audit issues with all the branches, units, departments and subsidiaries till the resolution of the issues
Monthly and quarterly reporting to Chief Internal Auditor and Board Audit Committee, which includes executive summaries, major business issues and corrective action plans and status of implementation of audit recommendations
SELECTED ACCOMPLISHMENTS
Full scope of audit of Corporate Business Group - corporate & SME lending, which was appreciated by the Audit Committee
Audit of Investment Banking Group - a subsidiary of the bank and was presented to the regulator(QFCRA)
Conducted audit of centralized operations division, which included treasury back office, trade finance, credit operations, funds transfer & remittances, clearing functions, reconciliation of general ledgers
Audited Credit Card Center, which is back office operations for processing & issuance of credit cards
Conducted GAP analysis of operational risk, business continuity planning, IT security and SWIFT departments
Conducted audit of Sharia compliance
Developed and implemented risk-based compliance annual compliance testing & monitoring programme to identify, assess, monitor and report all material compliance risks
Ensured timely implementation of approved compliance testing review plans and executed process, operational, financial and system reviews of all the branches, units & departments
Scheduled and assigned reviews to compliance team and ensured effective utilization of resources
Rolled out compliance procedures, systems and controls in the bank
Provided advices and guidance regarding regulatory requirements to the managers, enabling them to implement compliant policies and procedures
Imparted bank wide regular trainings on compliance matters, internal policies and procedures, the application of standards and guidelines, and relevant laws and regulatory requirements, to promote and enhance a strong bank-wide compliance culture.
Implemented EastNets SafeWatch for transactions filtering and trained other staff
Monthly and Ad-hoc reporting to senior country management about fraud cases, AML and Compliance exceptions
Performed enhanced due diligence (EDD) of high risk accounts
SELECTED ACCOMPLISHMENTS
Investigated Mortgage Fraud and identified root causes, which helped the management to take corrective actions across the Middle East Region
Successfully implemented EastNets SafeWatch solution for SWIFT transactions filtering and conducted trained other staff members
Streamlined fraud investigation process and handled various disciplinary actions in the light of investigations
Executed internal control quality assurance plan
Carried out reviews of various units across Kingdom of Saudi Arabia
Provided independent assurance to the senior management regarding compliance of directives of Saudi Arabian Monetary Agency (SAMA) and bank’s own internal policies and procedures
Reviewed and prepared banking policies and procedures for all the units, branches and products across the bank
Established and maintained relationship with business management and key stakeholders to proactively understand control issues
Investigated various operational incidents and performed root cause analysis of the operational risk incidents, along with constructive suggestion for improvement and remedial action.
Undertook initiatives to identify control gaps and find out solutions for process improvements
SELECTED ACCOMPLISHMENTS
Conducted root cause analysis of a huge difference in Nostro accounts and recommended corrective actions to avoid such incidents in future.
Streamlined the operational activities and processes of Cash Centers across Saudi Arabia, which helped the management to reduce the continual cash shortages in cash centers
Set up a quality assurance (QA) unit and conducted QA reviews across the bank
Reviewed and rolled out policies and procedures in the bank
Conducted trainings for new recruited staff in units and branches on operations
Involved in investigations and analysis
Prepared and updated Quality Assurance Manual on annual basis
Conducted monthly cash counts in various branches and identified the cash shortages in many branches, which resulted disciplinary actions against the staff
SELECTED ACCOMPLISHMENTS
Appreciated by the senior management for carrying out the audit of corporate and consumer finances
Conducted number of frauds investigations, dealt with customers, law enforcement agencies and regulator
Reported frauds & forgeries cases to board audit committee, management committee, group & local regulators
Delivered presentations to senior management regarding trends of frauds and forgeries in the country
Audited staff home finances
Assisted and worked closely with the country legal head and provided him feedback on various outsourcing and agency agreements, credit agreements and memorandums
Conducted reviews of various branches / distribution channels as a team leader across the Pakistan
Identification of frauds during branches’ audit
Developed a methodology to conduct branch reviews
Conducted reviews of various units in head office as a team leader
Conducted reviews of various consumer & credit operations as a team leader
SELECTED ACCOMPLISHMENTS
Established Quality Assurance unit in Standard Chartered bank within a short span of 1 year
Set up the Frauds, Complaints & Investigations Unit
Conducted B.R.R and audit of Corporate) and Commercial finances of various regions
Audited consumer and commercial mortgages of Karachi region
Audited credit documentation, operations in accounts for seasonal financing in entire Pakistan.
Audited staff home finances
Audited branches/ distribution channels across the Pakistan
Audited Trade Processing Centre (TPC)
Identified and investigated number of fraud cases during branch audits
Conducted scrutiny of fraud and forgery cases, frauds claims to quantify actual amount of claims
Handled disciplinary action cases
Conducted various special assignments, in compliance of bank’s policies and S.B.P guidelines
Prepared credit audit manual for Audit & Inspection Group
SELECTED ACCOMPLISHMENTS
Prepared Internal Audit Manual - Corporate Audit
Unearthed fake documentation fraud while conducting Corporate Credit audit
Audit In-charge, BDO Chartered Accountants, (Jun1996 - Sep 2000)
Passed CAFoundation Examination from Institute of Chartered Accountants of Pakistan
Bachelor of Commerce