Internal Audit Manager
Government of Dubai
Total years of experience :17 years, 1 Months
• Develop audit objectives, plans and scope consistent with the Internal Audit Activity’s Charter.
• Lead on scheduling and coordinating audits, meetings and determining necessary budgets.
• Lead on communicating with departments and interface with personnel to coordinate department audits, resolve audit issues and achieve desired corrective actions.
• Lead on performing audits and reviewing the work performed to ensure adequacy of audit scope, adequacy of testing performed and the accuracy of conclusions reached.
• Review audit works for compliance with Internal Audit Activity procedures and the Standards for the Professional Practice of Internal Auditing.
• Write, prepare and edit audit reports, with recommendations for ways forward.
Key Achievements
Prepared audit plan for budgets of over AED 91m.
Introduced and implementing audit plans across organisation departments, training key staff to understand audit requirements, 2014.
Afro Arabian Gulf General Construct Company is led under the supervision of Sheikh Hamdan bin Zayed. The company delivers a portfolio of projects across the developing world including non-profit humanitarian projects, with many projects delivered in partnership with the United Nations.
Lead, manage and coordinate the auditing of all company projects ranging from a value of $3m to $36m.
Lead and conduct the economic and financial feasibility study for all project concepts within the company, prepare and present findings reports to company chairman and audit committee for approval.
Lead and coordinate the auditing of the company portfolio of projects, with projects ranging from $3m to $36m, coordinate and prepare monthly audit reports for all projects.
Direct and coordinate 5 audit teams of a total of 150 employees across Somalia, Sudan, Kenya, Rwanda and Oman, ensuring that employees follow Generally Accepted Auditing Standards (GAAP) when reviewing operating controls, policies and processes.
Coordinated and developed the medium term (3 year, 2011-2014) and long term (5 year, 2011-2016) financial forecasts for the company, this includes valuation of basic inventory and assets at $10m and projected projects valued at $36m-$120m 2011-2016.
Coordinate the daily reconciliation of company financial accounts.
Coordinate and create the end of year company audit reports, present to chairman and audit committee.
Key Achievements
Awarded company certificate for employee of the year, 2011, in recognition of increasing company profile and profits from $2.5m to $23m, by procuring new projects.
Conducted and developed a financial feasibility study for a United Nations project to develop 3 hospitals in Kenya, each hospital was budgeted at $12m, managed to achieve savings of $4m per hospital a total of 33% of the budget through diligent financial feasibility.
NBAD is the number one bank in the United Arab Emirates and is listed in the Abu Dhabi Securities Exchange (ADX). NBAD has one of the largest networks in the UAE with an expanding network of 124 branches across the UAE.
Led and coordinated the internal audit for 36 branches in Abu Dhabi and Al Ain, auditing the general ledger and internal and external transfers.
Daily auditing of 6 ATM points to the average value of AED18m, 2010-2011.
Administration auditing, including the audit of 12 CCTV per department, HR including staff time sheets, and vault key holders.
Managed the audit of the general ledger for the vault.
Coordinated and managed a team of 10 employees.
Prepared audit reports and presented to the Chief Operating Officer, Audit Manager and senior management.
Led the audit of customer service teams and performance assessment of their dealing and interactions with customers.
Prepared and created weekly audit reports for operations and finances, presented to management.
Coordinated the banks’ year end audit with external auditors, D&T for submission of financial statements to the relevant authorities.
Key Achievements
Designed and created a HR system (HR Access) in partnership with the IT department, to minimize fraudulent activities, ensuring that employees can only access their own desktop, employee data and create an audit trail of accounts/information viewed. The online system consolidated all HR records and created a robust auditable system, whereby submission of requests for annual leave, special leave and other leave could only be made via the online system, therefore consolidating all HR matters electronically.
Developed a feasibility study for an internal control system to consolidate the auditing procedures of NBAD, this was presented to senior management for implementation across NBAD.
Responsible for O/W clearing cheques and inward cheques for all branches of NBAD across UAE with authorization for AED 4m for O/W cheques and AED 8m for I/W cheques.
Led the financial analysis for the general ledger accounts and funds for O/W and I/W clearing, created and presented reports to senior management.
Lead liaison for overseas treasury funds and investment group
Led the investigations and reconciliations for inquiries related to discrepancies, including the general ledger and automated systems for UAE NBAD branches and overseas banks.
Authorized SWIFT transactions up to the value of AED 20m, arranged between UAE and international accounts.
Responsible for managing the funds transfer for UAE and overseas, including Europe and USA, up to a value $20m.
Responsible for Image Clearing Cheques System (ICCS), including the general ledger, O/W, I/W clearing and authorization of AED 1m cheques.
Led, coordinated and developed the financial end of month reports for all NBAD branches, submitted and presented to the Chief Operating Officer of NBAD head office.
Led the recommendation of operating improvements and provided advisory type services to senior management to augment control of NBAD operations.
Conducted Process Risk Management (PRM) to achieve effective, efficient as well as value added reviews, including identifying and assessing the risk in financial statements.
Key Achievements
Developed the Image Clearing Cheques System (ICCS) for NBAD, created multiple functions within the system to accommodate the general ledger, O/W, I/W clearing.
Created a new system ‘NTELEMATCH’ a reconciliation system which highlighted any discrepancies within the general ledger for immediate remedial action.
Managed the debit and credit general ledger for the UTF (UAE Trade Funds), UIF (UAE Islamic Funds) and UGF (UAE General Funds) valued at $45m.
Financial controller for the UTF, UIF and UGF funds, in partnership with Friends Provident in London, brokering shares and bonds on behalf of customers of NBAD.
Developed financial investment plans to improve profits and fund values
Led the analysis of marketing funds and developed reports to improve related NBAD funds.
Coordinated and developed weekly market analyst reports, submitted and presented to senior management.
Created business development plans to attract new customers and customer retention.
Key Achievements
Through robust investment planning including market analysis, increased the company funds by 65% 2007-2008.
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