VP - Head of Internal Audit
Watani Investment Company (NBK Capital)
مجموع سنوات الخبرة :23 years, 8 أشهر
- Currently heading the internal audit function of NBK Capital.
- Liaising with NBK Group Internal Audit in planning audit assignments of NBK Capital.
- Follow-up on the closure of issues that were raised during previous audits.
- Conducting an annual company-wide risk assessment as a prerequisite to the audit plan.
- Developing and executing the annual internal audit plan by conducting audits of several departments within the Company.
- Discuss audit issues with management and ultimately issue the IA reports.
- Established the Audit Committee and currently arranging and presenting the quarterly reports to the AC.
- Developed the company-wide Delegation of Authority Matrix.
- Established the company's Committee By-Laws, which included the charters of the Board Investment, Audit, and Management Investment & Credit committees.
- Assessment of overall company-wide risks including operational risk, credit exposures, Asset/Liability mismatch, legal and regulatory risk.
- A member as well as the secretary of the Management Investment & Credit Committee.
- Followed up with a consultancy firm on the establishment of policies and procedures for all the departments and divisions of the Company.
- Developed a standard Business Case Checklists to be followed by every department bringing in a new investment proposal.
- Developed the Asset Allocation policy for the company to be presented to the Board of Directors for approval.
- Assessment of overall company-wide risks including operational risk, credit exposures, Asset/Liability mismatch, legal and regulatory risk.
- Developed standard Business Case Checklists to be followed by every department bringing in a new investment proposal.
- Ensured that CBK reporting requirements were dispatched on schedule.
- A voting member as well as the secretary of the Investment & Credit
Committee and the Asset Management Committee.
- Liaised with several audit firms and established the Internal Audit Department.
- Coordinated with a consultancy firm and established policies and procedures for all the departments and divisions within the Company.
- Established the Anti-Money Laundering and Terrorist Financing procedure, including KYC questionnaires, in accordance to the FATF recommendations.
Senior Internal Auditor -July 2006 - April 2007
- Managed a “business area” audit team and supervising their audits.
- Conducted a full audit over the Corporate Banking and the Retail Banking Departments.
- Conducting high profile fraud investigations.
- Assisting other Bank departments in drafting/improving their documented procedures with respect to risk & control.
- Prepared and presented the quarterly audit review to the Internal Audit Committee.
Internal Auditor -April 2005
- Managed two audit teams and supervising their audits.
- Conducting high profile investigations.
- Assisted in drafting the annual audit plan for both retail and business area audits, including setting timelines and deadlines for each audit.
- Presented the quarterly audit review to the Internal Audit Committee.
- Involved in revamping the on-line banking structure with respect to risk/security.
Assistant Internal Auditor -September 2003
- Participated in the development of the Business Process Analysis of all departments and areas of the bank.
- Trained and coordinated new audit recruits.
- Conducted over twenty investigations including fraud, embezzlement and money laundering cases and issued the relevant reports.
Management Associate -October 2000
- Carried out full and risk-based audits for branches and business areas and issued the relevant findings reports.
- A member in the Money Laundering Prevention Taskforce.
- Reviewed the specifications of bank products prior to launch.