Internal Audit Specialist (Assistant Manager)
Emirates Flight Catering
Total des années d'expérience :17 years, 5 Mois
Recruited to perform financial, operations and compliance review of the relevant business processes of the Company with focus on process improvement, maximization of revenue through cost control and adherence to policies and procedures, and relevant laws and regulations such as labor law, health & safety, and food safety.
• Identified and reported key issues on food safety, health, hygiene and occupational safety.
• Highlighted instances of revenue leakage arising from process inefficiencies, inaccurate billing to customers, incorrect and outdated information in the system, and food cost variance.
• Performed root-cause analysis related to material weaknesses in the processes that have direct impact to the company’s profitability and market competitiveness.
• Prepared analytical procedures to detect unusual financial and non-financial relationships.
• Recommended SMART action plans to address key issues and findings.
Actively involved in the conduct of audit in different country offices in Asia and Africa (approximate 60% international travel), which covered Control Framework Audit, Grants Audit, Project & Expense Verification, and reviews related to Financial Reporting, Budgets, and Procurement activities.
• Interacted with different key stakeholders of the organization from the Country Office team down to the grassroots (i.e., local partners, community leaders, volunteers, teachers, parents, children) to have reasonable assurance that projects are implemented and grassroots are aware and informed of the thematic program (e.g., Child Protection, WASH, Education) of the organization through its evidenced-based programming.
• Discovered and reported unallowable expenditures as per agreement with different grantors, donors and global policy and procedures, which have direct impact on the company’s reputation and cost recovery.
• Reviewed financial reports and budgets and discussed with management their action plans for meeting their targets.
• Identified control gaps and weaknesses in the processes and recommended corrective actions related to finance, budgets, projects, grants, procurement, partnership, I.T. system, child protection, legal, security, and sponsorship.
Served as a team leader who was involved in planning, risk assessment, fieldwork & audit examination, review & mentoring of junior audit members and reporting. Had covered critical areas of the bank and wide-array of products such as Branch Banking, Treasury Operations, Trading (Fixed Income, Foreign Exchange, Equities, and Derivatives), Trust & Investments, Compliance, Risk Management, Anti-Money Laundering, Legal, Private Banking and Financial Reporting.
• Collaborated with relevant units of the bank for effective conduct of the audit and avoidance of duplication of functions.
• Designed audit procedures and strategy based on the risk evaluation and assessment.
• Researched on applicable regulations and best practices affecting the operations of the bank and consulted experts such as compliance and legal for their opinion and assessment of impact to the bank.
• Reviewed financial statement of the bank in accordance with the International Financial Reporting Standards and Central Bank of Philippines requirements.
• Reviewed accuracy and completeness of the consolidated financial statements of the bank.
• Coordinated with regulators such as the Central Bank of the Philippines regarding the result of their periodic audit of the bank.
• Reviewed risk management tools used by the bank such as Risk and Control Self-Assessment (RCSA), Key Risk Indicator (KRI), Business Continuity Plan, Value-at-Risk, Counterparty Limit, and other exposure limits.
• Reviewed pricing model of fixed income securities in accordance with IFRS and the Central Bank of the Philippines.
• Identified and highlighted key weaknesses and areas for improvement to the Bank, which have financial, compliance and reputational risk impact (e.g., incorrect pricing of underlying assets/ securities, non-compliance to Anti-Money Laundering regulations, non-compliance to fiduciary duties as Trustor and Agent, un-documented breaches in risk management tools and limits)
Hired to serve external corporate and multinational clients to assist in their statutory financial reporting and other special requests such as their periodic financial reporting package with their parent companies located in other countries, as well as their tax reporting requirements.
• Managed the audit engagement as a lead senior of a listed company in the Philippines covering multi-location audit from planning to report.
• Prepared and reviewed client’s financial statements in accordance with the International Financial Reporting Standards/ International Accounting Standards/ US GAAP and location statutory requirements.
• Assisted in the preparation of tax returns for the client.
• Assigned for an international audit engagement in Shenzhen, China.
• Prepared consultation memorandum for key accounting issues on Leases and recognition of an asset as either Investment Property, Inventory or Property, Plant and Equipment.
• Identified material variances in management accounting estimates such as accruals and depreciation
Graduated with Distinction. Ranked 18th in a class of 146 students
Graduated Cum laude