Lead Credit Auditor
Arab bank for investment and foreign trade
Total years of experience :18 years, 2 Months
Assist in the implementation of Audit Department strategy by executing short and long term initiatives across methodology, people and strategy.
• Lead and manage the execution of individual audits in line with the department approved methodology, IIA standards &guidelines and best practice in that
regards
• Manage individual audit planning and prepare key audit planning deliverables including Audit programs, Audit planning memorandum, test sheets to en-
sure audit coverage evaluation of the controls, risk management and governance activities.
• Evaluates appropriateness of credit policies, review credit processes, evaluate compliance with credit policies, evaluate appropriateness and effectiveness of
credit risk analytics, participate in evaluation of credit aspects of capital planning processes, review credit related model processes.
• Evaluates the Portfolio Quality(PQ) and associated Credit risk Management Process(CRMP) in terms of the standards established in the credit policy.
Assessment of CRMP includes review of the adequacy and effectiveness of Portfolio planning, Organization& Staffing, Risk Recognition, Credit ap-
plications, Credit approval, Account management, Loan Documentation, On-going Loan Admin&MIS.
• Identifies Credits having potential Weakness so that timely actions can be taken,
• Assesses the adequacy of the provision of impaired advances.
• Covering the audit of the whole corporate credit area ( from End to End), including the corporate banking, CRM, CAD, remedial and credit monitoring,
collection and recovery, trade finance depts. Also the audits for treasury front office, legal depts., as well.
• Audit of the Regulatory reporting( BRFs, CAR, Stress testing, etc.) by the central bank of UAE.
• Audit of the Pillar 3 market disclosures requirements.
• Conduct exit meeting with the unit to discuss all the issues and remove factual inaccuracies.
• Audit Report drafting and making recommendations to improve the control environment,
Following up on audit recommendations and supporting the business lines to implement findings appropriately, Advising business management on en-
hancements and efficiencies to their operating and control environment.
• Monitor the action plan with the unit till final resolution.
• Participates in the review of Credit policy, the related procedures and provide practical suggestions for revision.
• Review the accuracy of the IFRS9 Model implementation in the bank on quarterly basis.
• Conducting audit investigations for various tasks, as requested by the BOD/bank management.
Credit Audit
• Understands risks of the business and determines control objectives, ensuring audit programs are executed appropriately to test those objectives.
• Demonstrates sufficient knowledge of required auditing standards, accounting policies, applicable laws and regulations, etc.
• Develops audit programs that clearly and accurately indicate method to achieve all desired objectives.
• Evaluates appropriateness of credit policies, review credit processes, evaluate compliance with credit policies, evaluate appropriateness and effectiveness of
credit risk analytics, participate in evaluation of credit aspects of capital planning processes, review credit related model processes.
• Evaluates the Portfolio Quality(PQ) and associated Credit risk Management Process(CRMP) in terms of the standards established in the credit policy.
Assessment of CRMP includes review of the adequacy and effectiveness of Portfolio planning, Organization& Staffing, Risk Recognition, Credit ap-
plications, Credit approval, Account management, Loan Documentation, On-going Loan Admin&MIS.
• Identifies Credits having potential Weakness so that timely actions can be taken,
• Assesses the adequacy of the provision of impaired advances.
• Covering the audit of the whole corporate credit area ( from End to End), including the corporate banking, CRM, CAD, remedial and credit monitoring,
collection and recovery, trade finance depts. Also the audits for treasury front office, legal depts., as well.
• Audit of the Regulatory reporting( BRFs, CAR, Stress testing, etc.) by the central bank of UAE.
• Audit of the Pillar 3 market disclosures requirements.
• Conduct exit meeting with the unit to discuss all the issues and remove factual inaccuracies.
• Audit Report drafting and making recommendations to improve the control environment,
Following up on audit recommendations and supporting the business lines to implement findings appropriately, Advising business management on en-
hancements and efficiencies to their operating and control environment.
• Monitor the action plan with the unit till final resolution.
• Participates in the review of Credit policy, the related procedures and provide practical suggestions for revision.
• Review the accuracy of the IFRS9 Model implementation in the bank on quarterly basis.
• Conducting audit investigations for various tasks, as requested by the BOD/bank management.
Arab bank for investment and foreign trade (Al Masraf
Credit
• Understands risks of the business and determines control objectives, ensuring audit programs are executed appropriately to test those objectives.
• Demonstrates sufficient knowledge of required auditing standards, accounting policies, applicable laws and regulations, etc.
• Develops audit programs that clearly and accurately indicate method to achieve all desired objectives.
• Evaluates appropriateness of credit policies, review credit processes, evaluate compliance with credit policies, evaluate appropriateness and effectiveness of
credit risk analytics, participate in evaluation of credit aspects of capital planning processes, review credit related model processes.
• Evaluates the Portfolio Quality(PQ) and associated Credit risk Management Process(CRMP) in terms of the standards established in the credit policy.
Assessment of CRMP includes review of the adequacy and effectiveness of Portfolio planning, Organization& Staffing, Risk Recognition, Credit ap-
plications, Credit approval, Account management, Loan Documentation, On-going Loan Admin&MIS.
• Identifies Credits having potential Weakness so that timely actions can be taken,
• Assesses the adequacy of the provision of impaired advances.
• Conduct exit meeting with the unit to discuss all the issues and remove factual inaccuracies.
• Audit Report drafting and making recommendations to improve the control environment,
Following up on audit recommendations and supporting the business lines to implement findings appropriately, Advising business management on en-
hancements and efficiencies to their operating and control environment.
• Monitor the action plan with the unit till final resolution.
• Participates in the review of Credit policy, the related procedures and provide practical suggestions for revision.
• Perform other internal audit assignments in the bank.(legal dept. Audit)
Understanding client business and the accounting process.
• Perform preliminary analytical procedures & consider preliminary engagement materiality.
• Preparing audit planning and strategies & discussing audit plan with the audit manager.
• Assess Engagement risk & obtain understanding of Internal Control environment.
• Conducted financial statement audit of clients in different types of business activities, employee benefit plans and non-for-profit organizations in accor-
dance with the respective audit standards.
• Undertake audit assignments from initial contact with client and continuously manage the relationship with the client to perform audit work efficiently and
promote client relations.
• Directed and allocated work to audit staff and provided them guidance throughout the audit and appropriate feedback after each engagement.
• Discussed audit findings, recommendations and suggested solutions as appropriate with clients.
• Prepared draft of audit reports and subsequently final audit reports in accordance with IFRS standards.
• Functional Knowledge and application of GAAP & PCOAB &Sarbanes-Oxley standards
Perform risk assessments, audit plan development and programs, and testing and evaluation of records.
• Plan and conduct internal audits and writing reports.
• Provide recommendations for improved controls and enhanced business efficiency.
• Coach, supervise, and conduct performance review and contribute to performance feedback for staff.
Understanding client business and the accounting process.
• Perform preliminary analytical procedures & consider preliminary engagement materiality.
• Preparing audit planning and strategies & discussing audit plan with the audit manager.
• Assess Engagement risk & obtain understanding of Internal Control environment
• Conducted financial statement audit of clients in different industries(conducting the financial statements audit for the largest oil& Gas construction compa-
nies in the world), employee benefit plans and non-for-profit organizations in accordance with the respective audit standards.
• Discussed audit findings, recommendations and suggested solutions as appropriate with clients.
• Prepared draft of audit reports and subsequently final audit reports in accordance with IFRS standards.
Studying and made volunteering service at USA
Understanding client business and the accounting process.
• Perform preliminary analytical procedures & consider preliminary engagement materiality.
• Preparing audit planning and strategies & discussing audit plan with the audit manager.
• Assess Engagement risk & obtain understanding of Internal Control environment.
• Conducting audit tests which are sufficient in scope to support professional opinions as to the true and fair representation of client financial statements.
• Performing analytical reviews of audit documents and preparing the work paper documentation supporting the firm's audit opinion.
• Assist in Preparing financial statements and relative financial analysis report
Develop an understanding of the Deloitte audit approach, methodology & tools.
• Establish working relationships with client personnel.
• Perform analytical review of audit documents.
• Review client accounting and operating procedures and systems of internal control.
• Identify accounting and auditing issues, perform research to solve that arise .
• Prepare financial statement reports and documentation supporting Deloitte's audit opinions.
• Apply concepts of risk assessment.
• Design and perform tests of internal controls.
• Provide recommendations for improved controls and enhanced business efficiency.
English section)– Grade : good
