Fraud Risk Manager
Dubai Islamic Bank
Total years of experience :22 years, 7 Months
2013 until date: Fraud Risk Manager_Risk Management Group_ Dubai Islamic Bank
a) Fraud Risk Management
Participating in the fraud investigations assignments.
Conducting lessons learned sessions across all Banks’ units to mitigate the future occurrence of frauds.
Enhancement the quality of Fraud Risk assessments conducted by all bank's departments and ensure timely implementation of the proposed fraud prevention/mitigations actions plans.
Gaining extensive understanding of the operational risks pertinent to major Islamic Bank’s products structures and services.
Conduct independent review of the Bank’s policies and procedures and ensure that the designed controls are mitigating the operational risks.
Review the internal audit investigations reports and identify the potential financial losses that are covered by the insurance policies.
Ensure that the bank has appropriate insurance policies to cover the identified risks scenarios generated from the Bank’s activities.
b) Insurance Management
Ensure that the bank appropriate insurance policies (terms&conditions of insurance contracts, deductibles and limits) that covers all risks scenarios.
Ensure that risks pertinent to Bank’s activities have been assessed while identifying the insurance policies coverage.
Ensure timely identifying of incidents that required to be notified to the insurance company.
Coordinate with internal stakeholders for timely submission of insurance company’s requirements.
Ensure best management and continuous monitoring of the insurance claims.
c) Operational Risk Management
Ensure timely and accurate reporting of operational incidents in Bank's system.
Conduct independent review of the Bank’s policies and procedures and ensure that the operational risk is mitigated by appropriate controls.
Ensure Back-up responsibilities’ for the implementation of ORMS tools such RCSA and KRI.
Leading/Supervising the planning, fieldwork, communication and reporting stages of individual corporate credit, Private banking and related operational and business areas (Front to Back processes).
July 2011 until February 2013: Internal Audit department_Doha Bank Qatar -Team Leader
Planning, directing and supervising the conduct of audits missions pertinent to Retail Banking functions, Remedial loan management and operations (Trade Finance, cards, Finance, HR...).
Independent review of the process in place for the identification of impaired loans.
Review the risk classification provisioning policy and check its compliance with central bank requirements and applicable accounting standards.
Review the credit post sanction process (frequency of review of credit lines/facilities, methods for early identification of credit problems, effectiveness of proposed remedial actions plans, review the collection and remedial efforts including the review of rescheduled credits.).
Assess whether the level of loan’s provisions reflects the credit risk.
Participate in the annual formulation and implementation of a comprehensive Risk Based Audit Plan and prioritizing the audit assignments based on the results of the risk assessment.
Extensive experience in preparation of executive audit reports in Arabic and English.
Perform and control the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.
Ensure appropriate staff training plan in place and implemented to align staff skills with the Audit coverage requirement resulting from the Bank's strategy.
Ensure that internal auditors are properly managed, and perform audit/investigatory work properly as per the audit plan and in accordance to the internal audit manual.
Monitoring the implementation of audit recommendations and reporting progress to management.
Conduct independent review of several Bank’s policies&procedures.
Participate in the choice of a computer assisted audit technique solution.
Achievements:
Ensuring that the audit reports are of high quality and issued on a timely basis.
Expert understanding of the risk and controls pertinent to Trade Finance, remedial loan management and financial control functions.
Extensive understanding of regulatory environment under which GCC banks are operating.
Enhance the accountability across the Bank by identifying responsibilities’ for wrongdoing acts.
Formulating and implementing a comprehensive Risk Based Audit Plan, annually, covering all the functions and activities of the Bank, prioritizing the audit assignments based on risk assessment.
Ensure full back-up of internal audit Head responsibilities (interacting with senior management, participate in management’s committee, coaching and work supervising).
Directing and supervising the conduct of all phases of assurance audit assignments.
Conduct all phases of assurance audit assignments pertinent to several banking processes.
Conduct several special investigation assignments.
Ensure that internal auditors are properly managed, and perform audit/investigatory work properly as per the audit plan and in accordance to the internal audit manual.
Participate in conducting special audits for investigation of deficiencies as requested by senior management or Group Internal audit.
Participate in the overall audit assignment initiated by the group internal audit.
Achievements:
Resolution of Senior Management’s acceptance of audit recommendations
Communicating with audit committee’s members on the audit findings and recommendations.
Divulgate a culture across the Bank that auditing is an objective and independent assurance and advisory activity that assists other departments in achieving the Bank’s objectives.
Managing the implementation and execution of the annual audit plan as per defined timelines.
Gaining significant skills in the conduct of assurance and investigation assignment.
Review/update of Internal Audit charter and manual to ensure continuous alignment with International Audit standards.
Full application of International Audit standards to audit assignments.
Conducting audit assignments through using risk based audit approach.
Communicate in a concise and clear manner periodic report of the results of audit assignments to senior Management and audit committee members.
Efficient use of computer Assisted Audit tools (CCH Teammate Audit management system -PWC Teammate) and electronic working paper.
Protect the Bank against regulatory fines through providing recommendations to improve compliance with labour law, tax regulations and AML requirements.
Senior Accountant_Accounting policies and procedures unit and Member of Project Team for the selection of ERP BANKING software’s
Responsibilities’
Coordinate with relevant departments (Business units, IT department) for the elaboration/update of accounting procedures’ of new/revised Bank’s products.
Participate in the preparation and update of the Bank accounting manual.
In depth analysis of the Bank’s compliance with Taxation regulation.
Participate in the financial period-end financial reporting.
Participate in the workshops, meetings and discussion between the Bank’s project team and ERP software providers.
Achievements:
Gaining expert knowledge of ERP banking software’s selection process by comparing business and technical proposals of well-known firms (SAP, Temenos, I-flex, Delta...) with the Bank’s requirements.
Support project team decision/ advice to Senior Management and IT steering committee on ERP banking software’s coverage of BIAT requirements
Planning and directing the conduct of audits of individual and consolidated financial statements of Banks and insurance companies.
Review the quality of the significant credit exposures (Both on&off balance sheet).
Verify if the calculation of provisions is adequate and in line with central bank and applicable accounting standards.
Audit of the credit risk management process of significant corporate credit exposures (completeness of loan’s and security documentations, fulfillment of credit approval conditions, review the reasonableness of the projected Cash Flow analysis, accuracy and quality of financial analysis).
Verify compliance of audited Bank’s policies and regulatory compliance with regard to credit approval process.
Identifying areas known to be particularly vulnerable to financial reporting fraud.
Supervises and coaches staff throughout the audit/review with the view to ensuring conformity with financial audit standards in all phases of the audit process.
Achievements:
Identify the control deficiencies in connection with the credit problems and collateral management.
Identity the assets with insufficient level of provisions.
Provide timely and relevant recommendations to improve the assets portfolio quality of the audited Banks.
Effective application of the risk based audit approach (Top down Risk assessment approach) to provide an independent opinion on the effectiveness of the internal control over financial reporting process.
Communicating to client’s senior management major internal control deficiencies on financial reporting as well as appropriate recommendations to address these issues.
Gaining extensive knowledge of International Financial Reporting Standards.
Empowers and challenging junior staff to actively participate in the audit review.
the CRMA is designed for internal auditors and risk management professionals with responsibility for and experience in providing risk assurance, governance processes, quality assurance, or control self-assessment (CSA). It demonstrates an individual’s ability to evaluate the dynamic components that comprise an organization’s governance and enterprise risk management program and provide advice and assurance around these issues. The CRMA is one more mark of professional distinction for internal audit practitioners. Earning the CRMA will assist you in demonstrating your ability to: Provide assurance on core business processes in risk management and governance. Educate management and the audit committee on risk and risk management concepts. Focus on strategic organizational risks. Add value for your organization.
Certified Financial Service Auditor (Banking). he CFSA is a valued specialty certification for audit professionals working in banking institutions, thrift/savings and loan organizations, credit unions, insurance companies, security and commodity services, holding and investment companies, credit agencies, financial services regulatory agencies, and other financial services organizations.
This degree has been obatined as a recogintion of my CIA certification.
Certified Internal Auditor
International Certificate in Financial English
Diploma of Chartered accountant obtained after completion of 3 years’ experience in audit firms and presentation of a thesis