Senior Manager - Credit Audit
Ajman Bank
مجموع سنوات الخبرة :20 years, 4 أشهر
Highlights:
• Successfully initiated the credit risk awareness culture within the bank's department inclusive of retail or corporate finance departments for smooth functioning.
• Played a vital role in recommending the audit opinion/feedback for all the bank's policies/process flows related to credit to ensure that the applied policy is justified in terms of risks and process.
• Played an instrumental role in conducting the investigations of various documents with the staff, drafting the study report and submitted the same to Chief Internal Auditor for inspection.
Key Responsibilities:
• Planning audit objectives and strategies to address risk in compliance with professional standards.
• Reviewing audit reports, performing quality checks, acquiring evidence for deficiencies in controls, duplication of effort, fraud, or lack of compliance with the applicable laws, government regulations and ensuring findings are clear and concise.
• Collating audit results and significant developments for presentation to the senior management/statutory auditor/audit committee.
• Conducting audit review for the corporate/SME and retail credit appraisal departments, monitoring the bank’s corporate and retail portfolios by performing regular data analysis.
• Examining/analyzing internal control systems and financial statements to ensure financial recording accuracy and compliance with established accounting standards, procedures/internal controls and applicable regulations.
• Monitoring audit assignments progress and providing guidance/inputs to ensure the whole depth/breadth of the process is covered with specific focus on key risks/concerns.
• Reviewing outputs inclusive of financial statements represented by audit work papers detailing tests performed, results and conclusions, using analytical tools such as ratio analysis, variance analysis in view of organizational commitments, long-term solvency and possible market variances.
Key Responsibilities:
• Monitoring and proffering training to credit audit team during audit assignments, evaluating the highlighted outputs and providing guidance to ensure that the risk is appropriately addressed and mitigated.
• Assisting the Chief Internal Auditor in preparing an extensive and long-range audit plan covering all the operational and financial activities of the bank, prioritizing the audit assignments based on a risk assessment.
• Identifying the activities related to operational and financial audit, evaluating their significance and evaluating the risk inherent.
• Directing the planning of individual audit assignments to ensure that professional standards are maintained, recommending the upper management on new developments that affect control and providing solution in a proactive manner.
• Preparing monthly report and coordinating with audit personnel to keep them updated on the audit progress, liaising with other stakeholders to ensure smooth closure of the audit process within the stipulated timeline.
Key Responsibilities:
• Assisted in the audit assignments planning, objectives and scope of work in accordance with the departmental and international audit standards and provided support in overall execution of audit programs and final report delivery to the credit audit manager.
• Prepared and maintained risk profiles for retail and corporate credit portfolios and other support departments for ongoing supervision.
• Identified the bank’s facilities possessing potential credit and operational weakness and informed the concerned parties regarding the same to take the corrective actions.
• Reviewed audit report, performed quality check, ensured findings are clear and concise. Collated audit results and significant developments for presentation to senior management/statutory auditor/audit committee.
• Oversaw and conducted audits, coordinated and prescribed for evaluation of risk, assessment of internal controls and determination of audit approach.
• Tracked the audit progress and provided inputs to ensure holistic coverage of all audit aspects with specific thrust on key risks/concerns.
• Supervised the overall activities of the audit team, conducted periodic performance reviews and accordingly recommended modular training/ promotions.
• Prepared detailed reports on audit findings and made recommendations to improve organizational accounting / management practices and internal control systems
Crafted an impressive growth path rising from the position of Operations Officer to Senior Credit Audit Officer-Audit Review and Compliance Group within a short span of time.
Designation Chronology:
• November 2005-August 2007:Senior Credit Audit Officer- Audit Review and Compliance Group
• February 2004-October 2005:Operations Officer
Key Responsibilities:
• Formulated credit policies/procedures, evaluated permissible credit limit for clients and sanctioned the same, post examination of all related documentation/agreements, monitored the implementation process for them.
• Analyzed credit policy feasibility in view of revenue generated and profits. Initiated recovery processes, incremented, decremented or terminated credit limits in view of credit history.
• Conducted audit reviews for the retail products’ portfolio, performed data analysis reviews on the products’ portfolio for various departments to assure the adherence to the bank policies
• Liable for conducting audits for the bank’s Islamic Section (Badr), reviewed the related policies/procedures for the successful completion of audits and assessed relevant reports to ensure that audit risks are documented
• Supervised projects, assessed audit risks of clients, formulated audit plans, objectives and scope of work for the reviewed parties as per the required standards on auditing for clients across various industries, followed up with them for ratifications within the planned period
• Established risk management programs/scope of work in alignment with organizational goals, scrutinized the bank’s products promotion programs, undertook responsibility for the overall execution of the organization policies/procedures, identified divergence, executed corrective measures
• Conducted reviews on data quality units to spot out the quality level of processed applications, designed and planned training plans for various credit unit to implement the adherence to the bank’s SOP for smooth functioning
Highlights:
• Successfully handled all operations for the 4 branches in Dubai Region.
Key Responsibilities:
• Effectively managed the day-to-day operations for achieving growth objectives ensuring compliance with appropriate bank, regulatory and legal requirements.
• Liable for the monthly inspection of the ATMs, pin numbers, credit cards and cheque books registers and ensured that they meet SOPs standards and Bank policies for smooth functioning.
• Assisted in designing and implementing plans for different departments of the branch, recommended improvements in existent setups and quantified achievements in terms of tangible financial benefits of the bank.
• Resolved audit observations, managed to discuss critical findings of various inspection/audit reports, to identify underlying causes of losses/ discrepancies and implemented controls to mitigate them.
• Accountable for the branch filing process for the account opening forms, customer service files and all branch files, examined and made available the required bank’s stationary, inspected branch GL and rectified any differences and reviewed branch management reports on daily basis for smooth functioning.
• Undertook numerous daily activities including cash transfer and clearance, investigated accounts having suspicious activities to minimize the risk of money laundering and oversaw bank reconciliations and settlements between each of the group and bank account balance.
• Assisted in implementing the anti money laundering procedures in the various branch departments like the teller area and the customer service area particularly during the opening of new accounts.
Previous Professional Experience:
• February 2000 - January 2004: Senior Cashier, Egyptian American Bank
• May 1999 - January 2000: Auditor, Price Water House
Courses Attended: • Anti-Money Laundering (5 sessions) • Forensic Audit Seminars (2) • Forensic Audit Workshop (1) • Fraud Detection Workshop • Basics in Islamic Finance • Sharia Compliance Training • Operational Control in Banks • Basel II Fundamentals • Audit Role in Basel II • Corporate Islamic Finance • Effective Performance Management • Risk Management in Banks