Head of Internal Audit
Dubai Bank
Total years of experience :36 years, 10 Months
Overseeing the Audit function in the bank. Reporting to CEO and Board.
Overseeing the audit function in the bank. Reporting to CEO and Board.
Internal audit, compliance function, Regularity & KYC requirements, enforcing compliance and Anti Money Laundering Policies in UAE, USA, UK, Egypt, Doha, Bangladesh, Pakistan and India. Five Internal Audit and Compliance Officers are placed at foreign branches reporting to me.
Internal Audit, compliance function, compliance with Central Regulations, policies and procedures.
Retail branches audit, credits audit, operational audit, investigative audit, Head Office audits and treasury audits.
·Developed and implemented strategic business plans at Kenya Duty Free Complex resulting in net profit per year of US $1 million (from a previous net loss of US $2.5 million).
·Saving of US $ 100k per year on bank interest, commission, and other bank charges by fine structuring of bank facilities, negotiating competitive bank rates and suppliers credits.
·Preparation and implementation of strategic business plans, financial and treasury management, budgets, cash flows, financial statements; dealing with banks for credit limits, expenditure control, human resource requirements; and overall management of business entity.
·Providence of reasonable assurance that organization’s assets are protected from exposure to losses and risks, ·Report on major investments in syndicated loans, major project financing, and investment in International Portfolio Managed Funds, investment in US Equities, Bonds, Treasury bills and Bank Placements.
·Was second in charge. Accounts Division had staff strength of 45 members.
·Responsible for accounts and financial control division of the bank. Bank’s major activities were to borrow funds from World Bank, Asian Development Bank and International Financial Markets and re-lend it to major industrial concerns in Pakistan.
·Primarily responsible for adequacy and accuracy of accounting system; preparation of bank’s annual report, Central Bank reports, shareholders’ report, World Bank reports, cash flow reports, budgets and achievements; meeting with external auditors for audit of financial statements and World Bank report.
·Preparation of financial reports on each borrower (in World Bank format) and performance of the borrower in terms of profitability, repayments and future growth. Such reports submitted to World Bank annually.
CCSA Certified Control Self Assessment
CPA Certified Public Accountant
CIA Certified Internal Auditor
AIB Associate Institute of Bankers
CA Chartered Accountant
B.Com Bachelor of Commerce