Head Of Internal Audit
Mawarid Finance PJSC
Total years of experience :14 years, 8 Months
I maintain open communication with the Board of Audit Committee and management, leading the planning and monitoring of the internal audit function to ensure compliance with relevant policies, laws, auditing standards, and CBUAE requirements. I develop strategies in response to Central Bank feedback and advise on compliance and risk mitigation.
I ensure audit processes adhere to corporate governance requirements and spearhead strategic discussions on business development in response to Central Bank feedback. I am responsible for developing and implementing policies and procedures that align with regulatory guidelines, including Consumer Protection, and conducting bank-wide regulatory exercises.
I lead risk assessments and approve detailed audit programs using Risk & Control Matrix (RCM) methodologies, focusing on evolving risk management practices and safeguarding organizational assets.
I actively participate in and lead risk assessments to generate data-driven audit plans and projects. I meticulously review and approve detailed audit programs crafted through Risk & Control Matrix methodologies, continuously evolving our risk management practices staying ahead of emerging threats and seize opportunities. Through my efforts, I ensure the vigilant safeguarding of the organization's assets and reputation.
I oversee a variety of audit activities across multiple departments and subsidiaries, ensuring compliance and assessing risks in various operational areas.
I incorporate international best practices into audit processes and use business environmental changes to drive continuous improvement. I identify potential audit issues and implement corrective actions to enhance the risk management framework and organizational efficiency.
I collaborated with the Head of Audit to develop the annual audit plan and prepare the internal audit budget for Board of Directors approval. I managed a team of Internal Auditors to achieve the audit plan, ensuring the independence and objectivity of internal audit activity.
I planned, performed, and managed compliance and risk-based audits for various departments, including Islamic Finance subsidiaries, retail branches, and various internal departments like AML & Compliance and Risk Management. I reviewed product manuals and procedure controls for compliance with CBUAE Regulations and bank policies.
I conducted IT audits, assessing the security and performance of banking applications and platforms, and ensured the implementation of IT audit recommendations. I formulated audit programs and risk assessments.
I provided senior management and the Board with an opinion on the internal controls' adequacy and efficiency.
I drafted KPIs during audit engagements, verified compliance to audit recommendations, and ensured the organization's compliance with regulatory requirements.
I Managed fraud investigations, utilizing various investigative methods to identify fraud patterns and internal control gaps. I integrated Health, Safety, and Environment (HSE) considerations into audits, participated in fire drills, and tested the bank's Business Continuity Management System.
I made significant audit recommendations that led to updates in operating procedures, improving internal controls and compliance. I achieved the annual audit plan and enhanced operational efficiency.
Accounting Section
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