Basil Loutfi Echhade Basil Loutfi Echhade

Internal Audit Team Leader في Banque Saudi Fransi

• المملكة العربية السعودية - الرياض
• أشغل هذه الوظيفة منذ يناير 2020

 Leading internal audit credit team and providing rigorous independent assessments of the bank's credit risk and control by adopting a risk-based audit methodology in line with the BSF’s internal audit framework, providing value added recommendations to the auditees to guide them to strengthen the respective divisions’ related controls and processes, and actively following up on corrective action plans to mitigate control weaknesses. Other responsibilities are elaborated as follows: -
 Preparing the audit planning memorandum and control risk assessment prior to each audit assignment.
 Modifying and customizing the audit work program, whenever is required, to be in line with the audit objectives and scope.
 Assessing risks and identifying mitigating controls of the audit entity and raise findings with the root cause to the audit entity.
 Providing value recommendations to guide the audit entity to achieve its organization’s control objectives by improving their control operations more effectively and efficiently.
 Providing direct assistance to the credit audit team members and guidance in order to strengthen their audit capabilities and maintaining close relations and support with audit units as well.
 Preparing and providing audit reports, after being reviewed and approved by the Chief Audit Executive (CAE), to the key stakeholders and risk owners in order to address the identified high-risk controls and poor control designs. The report also includes the overall risk rating of the audit entity depending on the weight of the risks and the management awareness of the control issues.
 Coordinating with the auditees’ key representatives in respect to the provided audit findings in order validate the corrective actions taken by them to enhance the respective control functions. This also includes SAMA validation over audit control observations.
 Actively ensuring that the bank’s credit related activities and processes are in line with the bank’s policies and procedures and in line with regulations instructed by Saudi Central Bank (SAMA).
 Audit divisions covered includes: - (1) Risk Management Group (RMG) (2) Corporate Banking Group (CBG) (3) Micro, Small, and Medium Size Enterprises (MSME), (4) Special Asset Management (SAM), etc.