Chief Internal Auditor
Saudi Arabian Cooperative Insurance Co.
Total des années d'expérience :12 years, 9 Mois
Development of key documents such as Internal Audit manual and Internal Audit charter.
Execution of audit plan and reporting audit findings to Audit Committee periodically.
Leading the internal audit department staff and evaluating their performance.
Development of audit programs and audit reports.
Evaluation of internal controls in place and ensuring adherence with the approved policies/procedures.
Identification of non-compliances with the applicable laws and regulation, and reporting the identified
non-compliances to the senior management and audit committee.
Performance of follow-up audits to ensure that risk associated with reported audit findings are managed
and agreed upon corrective actions are implemented within the set target date.
Performance of special investigations or assignments directed by Board Audit Committee, regulators, or
upon request of senior management.
Performing role of audit committee secretary and preparation of audit committee materials.
Develop the strategy and prepare the budget and KPIs for the Internal Audit Function.
• Prepare and update the policies and procedures for the Internal Audit activity.
• Perform the organization risk assessment and develop the risk based Internal Audit Plan including
reviews over Operations. Governance and Compliance with regulations, Finance.
• Prepare the Audit Committee pack, conduct the meetings, present the status of the audit plan, and
discuss the reports and track the implementation progress of action plans.
• Present and discuss the internal audit activity with the regulators.
• Manage the internal audit reviews and coordinating with consultants and external auditors.
• Supervise, coach, and mentor the department staff and conducting awareness workshops for the
organization’s management on Internal Controls, Risk and Fraud.
• Plan, assign and supervise the daily activity and work of other auditors.
• Develop procedures, schedules, priorities and programs for achieving audit objectives and goals.
• Preparing the risk based annual audit plan.
• Manage (14-20) individual internal audit assignments per year.
• Undertake comprehensive planning and risk assessments relating to each assignment to ensure that the engagement identifies potential business risks.
• Ensure that recommendations are clearly presented to and agreed to by management and that a subsequent audit report is issued promptly.
• Ensure that all agreed upon recommendations are subsequently implemented.
• Be a role model for the company’s values and demonstrate the highest ethical standards.
• Deliver presentations to the audit committee.
1- Internal Audit
2- Preparing and monitoring risk based audit plan for internal audit and concurrent audit of branches.
3- Reviewing and monitoring processes, internal controls, risk and performances of Underwriting, Claims, Reinsurance.
4- Identify and reporting the issues observed during the audit to the management and Audit Committee.
5- Streamlining the audit process, addition of new audit areas and establishing new approaches for audit
6- Secretary of the audit committee and member of the risk committee.
7- Key Activities Handled:
• Internal Audit.
• Auditing and consultancy work.
• Developing policies.
8- Project Manager
a. The Development of Wataniya’s strategy with Boston Consulting Group.
b. Developing a claims manual for the Claims Department with Earnest and Young.
9- Co-coordinating with external auditors.
a- Conduct financial audits in accordance with Generally Accepted Auditing Standards (GAAS) to ensure the accuracy and reasonableness of the financial records,
b- Conduct audit tests to determine compliance with applicable policies and internal controls set by the management,
c- Perform analytical reviews and alternative procedures for those tests that due to some circumstances cannot be conducted,
d- Prepare working papers to support reached conclusions in accordance with audit standards,
e- Assist in the preparation of an objective draft of audit reports for audit management review and discussions, and
f- Communicate audit findings to management in writing and discuss these findings.
• Position held (Salary) Handled cash salaries and bonuses
• Including reviewing receipts and travel expenses of employees
• Position held (Stock) reviewed and overlooked car arrivals from Japan
• Position (Accounts) working under pressure checking accounts are balanced consolidation)
The University of Nottingham Finance & Accounting Management: (Courses include, Financial Management, Law and Economics, Auditing & Scandals, Financial Reporting, Foundation Certificate in Business). BA 3rd honours.