Jassim Zaid

• Articulates clear expectations and business goals while linking these to organizational strategy taking into consideration future risk changes (i.e. political, economic, social, environmental, legal or technological factors).
• Leads the implementation of the IPPF in the internal audit function.
• Leads on the development, implementation and review of the internal audit charter and receives approval from the Board.
• Adopts a risk-based approach in accordance with the IPPF for annual audit plan, makes adjustments when needed.
• Evaluates the appropriateness of the organization’s frameworks for governance, risk and control.
• Ensures internal audit activities are aligned with and enhances the organization’s enterprise risk management strategy and risk profile.
• Ensures that proposals for improvements to internal controls are balanced with organizational objectives and capabilities.
• Nurtures and builds effective strategic partnerships with key internal and external stakeholder individuals and groups to achieve results.
• Manages and supports a quality assurance and improvement program.
• Monitors staff performance & workload to provide constructive and timely feedback to help others achieve their goals.

• Conducts engagements and special assignments aimed at facilitating the achievement of organizational objectives in a wide range of areas, including but not limited to operations, financial reporting and regulatory compliance.
• Creates audit engagement plans based on the risk and its impact on the organization.
• Exemplifies and monitors due professional care when conducting audit assignments.
• Assesses and accounts for the potential for fraud risk and identifies common types of fraud associated with the organization.
• Maintains a current understanding of the latest global developments, regulatory and legal requirements and assesses the relevance to the audit engagements.
• Contributes to the development of risk oriented culture within the organization.

• Provide independent and objective assurance to the Board of Directors on the system of internal control within the Bank.
• Review, evaluate and report whether laid down policies and procedures are adequate to safeguard the assets of the Bank and to protect the interests of the shareholders.
• Review and report whether the Bank’s operations are conducted in accordance with the Bank’s statutes and in compliance with the policies and procedures approved by the Board of Directors and the Management.
• Evaluate the effectiveness of the Bank’s Risk Management and Governance processes.
• Review whether the bank’s process of monitoring the compliance with the requirement of the Laws of the Kingdom of Bahrain and other agencies to which it is subject, is adequate.
• Conduct ad-hoc reviews and investigations as required by senior management and/or the Board.

• Monitoring settlement of trades (i.e. stock ownership, booking, processing, options assignment, calculation of charges and commission) through various brokerage houses.
• Handling Custody and Cash reconciliation along with Cash flow analysis to ensure required funds are available for settlement of trade.
• Monitoring and processing cash and bonus dividends to clients (i.e. Rights issue, Mergers & Acquisitions, stock splits etc.).
• Keeping track of clients’ subscription during the booking period.
• Arranging for subscription and redemption of Bonds on behalf of clients through fund house.

Jul 2006 - Sept 2006 Trainee
Projects Department - Ministry of Finance