Denson Calag, CPA, CIA, CRMA

Yas Holding is holding company having 60+ businesses catering mainly to the defence and military sector of the UAE with diversed investments and businesses such as Aerospace Logistics, Air Navigation Services, Research & Technology, Firefighting, Healthcare & logistics, ICT, Agriculture, Manpower, Training, Design & Engineering, Travel, etc.

 Assist the Chief Corporate Governance Officer in the initiation, implementation and monitoring of Corporate Governance Framework at the group level.
 Prepare the Delegation of Authorities, General Corporate Policy Manuals and Bank Authorization Mandates for all the subsidiaries and coordinate with the respective management for the review and finalization process.
 Review Group Policies & Procedures (e.g. HR, Procurement, Operations) and its amendments to provide recommendations especially in the areas of risks, internal controls and corporate governance.

Perform operational, financial and compliance audit of the Parent Company’s departments and subsidiaries based on risk-based audit plan:
 Assist the Internal Audit Director / Audit Manager in planning the objectives, scope, resource allocation and scheduling of audit and consulting engagements in line with the Risk Based Internal Audit Plan.
 Document (narrative or flowchart) the processes/ sub-processes of the activity/ function relevant to the engagement’s objective and scope.
 Prepare Risk Assessment and Control (RAC) sheet which documents the associated risk within the process/ sub-process, inherent risk rating based on impact & likelihood matrix, corresponding internal controls, control rating and the residual risk rating.
 Develop a comprehensive audit program based on the detailed process understanding and RAC, and execute the same with limited supervision from the Audit Manager/ Audit Director and in line with the IAD’s charter, policies & procedures and international internal audit standards (ISPPIA).
 Conduct presentation to process owners during and at the conclusion of the engagement regarding the control deficiencies noted, deviations to policies, procedures, laws and regulations and recommends corrective actions & process improvements.
 Draft formal audit reports, expressing overall opinion on the adequacy and effectiveness of the governance, risk management and control processes.
 Lead, direct, counsel, and instruct Junior Internal Auditor/s assigned to the audit, and review the work as per the IAD policies & procedures; leading the audit team to optimal performance.
 Conduct follow up audit on the implementation of immediate corrective actions agreed with the process owners.
 Review Group policies & procedures (e.g. HR, Procurement, Operations) and amendments to provide recommendations especially in the areas of risks and internal controls.
 Perform review of quarterly and annual Financial Statements in compliance with IFRS/IAS and coordinate with External Auditors and Finance Department in finalizing the FS.
 Execute special assignments, ad-hoc assignments or fraud investigations as directed by the Internal Audit Director.

DI is a holding company listed with DFM (w/ paid-up capital of AED 4 Billion) having 40+ businesses and investments in Property Development, Real Estate, Glass Manufacturing & Processing, Steel Fabrication, Pharmaceutical, Dairy Farming, Production & Distribution, Construction & Engineering, Financial Investments, etc.

 Assist Audit Manager/ Assistant Audit Manager in the preparation of the annual Risk-based Internal Audit Plan i.e. update Value Chain Map & Risk Register and conduct meeting with Audit Clients for the annual Risk Assessment.
 Assist Audit Manager/ Assistant Audit Manager in planning the objectives, scope, resource allocation and scheduling of audit and consulting engagements in line with the Risk Based Internal Audit Plan.
 Discuss with process owners and documents (narrative or flowchart) the processes/ sub-processes of the activity/ function relevant to the engagement’s objective and scope.
 Prepare Risk Assessment and Control Matrix which details the risks associated with the process/ sub-process, the corresponding controls that address risk to tolerable level, the impact & likelihood and risk rating.
 Identify, obtain, analyze, synthesize and appraise evidentiary data as a basis for an informed, objective opinion on the adequacy and effectiveness of the governance, risk management and control processes.
 Conduct presentation to process owners during and at the conclusion of the engagement regarding the control deficiencies noted, deviations to policies, procedures, laws and regulations and recommends corrective action & process improvements.
 Draft formal audit reports, expressing overall opinion on the adequacy and effectiveness of the governance, risk management and control processes.
 Lead, direct, counsel, and instruct Junior Internal Auditor/s assigned to the audit, and review their work for sufficiency of scope and for accuracy; leading the audit team to optimal performance.
 Conduct follow up audit on the implementation of immediate corrective actions agreed with Client.

Performs statutory audit to clients based in Dubai and other Emirates

Performs compliance and operations audit of the bank's various branches all over the country. Further, assists in fraud investigations and other consulting activities as and when required.