Internal Auditor
Al Falah Holding
مجموع سنوات الخبرة :12 years, 9 أشهر
Planning, performing and reporting on perpetual and periodic audit of various business cycles of various Group Companies engaged in construction, transportation, Ready mix manufacturing and supplying, health care, contracting, academies etc.,
Business Advisory and Assurance Services:
Proactively assist in the management of a portfolio of clients, while reporting to Directors and Partners
Involved in the financial management of clients
Actively involved in business development activities to help identify and research opportunities on new/existing clients
Contribute to the development of own and team's technical acumen
Develop strategies to solve complex technical challenges
Assist in the management and delivering of large projects
Train, coach, and supervise staff
Keep up to date with local and national business and economic issues
Continue to develop internal relationships and firm’s brand
Understanding and documenting the existing operations and flow of transactions / processes
Analyzing the existing structures for deficiencies and ineffectiveness
Recommending the revised processes/flow of transactions/ structures
Getting approval of client management by explaining and presenting the difference between old and new business processes/structures
Documenting the new business processes/ structures in form of flowcharts as an input for preparing Sop Manuals
Preparing the Sop Manuals
Planning and performing operational and financial audits of clients
Identifying business process risks for clients
Developing testing methodologies to evaluate the adequacy of controls
Documenting the results of the evaluations along with preparation of soft copy and hard copy audit files.
Developing risks and recommendations based on audit findings and presenting internal audit reports to senior management of clients
Planning and allocating resources and individuals in accordance with skills and schedules.
Reviewing the work of team members and ensuring that the audit observations pointed out are genuine and supported by sufficient appropriate audit evidence.
Formulating professional development and educational plans for junior staff members
Ensuring that working papers files are prepared and archived as per firm’s quality control procedures.
Have worked in Europe (Italy) also for 2 months on deputation at a reputed client of firm.
Accounting Services:
Prepare and present management reporting, business plans, feasibility studies, financial plans, annual budgets, forecasts and other financial or business documents to Senior and Executive Management of clients
Responsible for reviewing all commercial contracts and contract modifications and confirm financial acceptability in line with clients’ policies
Be the ‘eyes and ears’ of the Finance department; ensure awareness of the latest operational and commercial developments within the business of clients and at the same time be up to date about all external developments affecting the clients.
Prepare and timely submit weekly cash forecast, monthly financial reports and other corporate reporting requirements with the highest level of quality standards.
Demonstrate understanding of the financial systems, operations, plans, accounting, audits, and budgets of the clients
Oversee the payroll function and ensure 100% accurate and timely payroll processing
Coordinate all business financial planning processes ensuring input and commitment from the Senior Management team of clients towards driving increased revenue and profitability
Oversee the continuous improvement of financial processes and the development of the finance team with the goal to achieve best practices and optimal output for clients
Deliver the external audit, review and analyze results and recommend for approval the audited financial statements (under IFRSs)
Team Leadership
Internal Audit reviews and assessments, reporting to the Deputy Head and Head of Internal Audit
Review and evaluation of controls, policies and systems
Draft potential recommendations for improvement
Help in the planning, execution and reporting of internal audit procedures
Review of the effectiveness of internal control structure
Ensuring that annual audit plan is achieved on timely basis.
Risk assessment and planning for internal audit of branches to be carried out on risk-based approach.
Participating in branch internal audit opening meetings to explain to branch management the scope of assignments.
Area allocation among team members and ensuring that the total work of assignment has been distributed among team members according to the expertise of each team member.
Ensuring that work on assignment is carried out effectively and efficiently.
Consolidating and reviewing the work of team members and getting the review points resolved on timely basis.
Participating in concluding meetings with branches to discuss internal audit observations.
Guiding branches for proper implementation of Bank’s Operations Manual and Standard Operating Procedures. `
Preparing internal audit reports for obtaining management comments against pointed out internal audit observations.
Liaising with branch management and following up for branch management comments.
Reviewing management comments against internal audit observations.
Preparing Branch Audit Rating model.
Submitting the draft internal audit report along with branch management comments and Branch Audit Rating Model.
Ensuring that internal audit working papers files are prepared in accordance with the Bank’s quality control procedures and archived on timely basis.
Investigations / Forensic Audits of Incidents of Fraud, Embezzlements and Corruption
Receive, record, and review the case file and all attached documents including staff history to gain a thorough understanding of the case
Identify chain of offenses, legal necessities, required number of interviews, necessary evidences, and methods of evidence collection for Investigation plan preparation and outline the legal framework under which the case is being created and investigated
Document investigation plan by specifying the concerned parties involved, scope of investigation, preparing the interview questions, tentative dates, time, location, and legal necessities for the interview and forward it to General Manager Internal Audit for approval
Leading team of investigation officers comprising 2 to 3 members and conducting investigations as per approved plan.
Internal Audit of Loans and Advances
Safeguarding against potential loss and contributing to the branch’s systems and procedures, by reporting whether Credit/Operational controls of Bank standards are effectively carried out and are efficient in the branch audited
Reviewing the CIB & relevant credit functions of the bank end to end and identifying areas of correction / improvement
Analyze, evaluate and report the quality of assets and their classification and provisioning
Examine and comment on the process for the early recognition of the problem and their remedial management to minimize the loss
Preparation / Review of Audit MIS/ dash Boards including audit committee presentation slides relating to CIB & Credit
Internal Audit of General Banking Cycles
Planning to deliver the annual Internal Audit program
Identify clear recommendations for control improvements
Build and maintain effective working relationships with the branch management
Work closely with the Risk and Compliance functions to achieve mutual goals
Carrying out control testing on sample basis of various general banking cycles e.g. Account Opening, KYC & AML policies, Chequeen Book Issuance, Withdrawal / transfer of funds through Chequeens, Zakat deduction, ATM Cards issuance, amendments in status of accounts from active to dormant and vice versa, Account Closure, Profit on Saving Deposits, Issuance, Encashment, Rollover and profit calculation of Term Deposits, Deceased Accounts, Lockers, Stop payment Requests, Issuance and Encashment of Demand Drafts, Pay Orders and Rupee Traveler Chequeens, Cash Deposits and withdrawals.
Pointing out leakage of income (if any) of the Bank while verifying control testing of above mentioned procedures.
Completing assigned work efficiently and effectively to ensure that internal audit assignments are concluded for their purpose and on timely basis.
Conducting external audits of listed, public and private companies in diverse industries including financial institutions, manufacturing companies and service industry.
Ensuring that financial statements to be audited are prepared in accordance with International Financial Reporting Standards (IFRS) and local law.
Ensuring that all the disclosures are incorporated in the financial statements in the light of IFRS.
Ensuring that auditee has recognized all business transactions, measured them according to IFRS, and disclosed.
Ensuring that proper books of accounts are maintained by the auditee in support of financial statements provided to us for audit.
Ensuring that assignments are carried out effectively and efficiently.
Ensuring that working papers files are prepared and archived as per firm’s quality control procedures.
Ensuring that audit has been carried out in accordance with International Standards on Auditing (ISAs).
B.Com (Bachelor of Commerce)