مصطفى Abd ElMonem

Responsible for and managing the Internal Audit function of the company.
Planning, executing and reporting the internal audit engagements and other special assignments.

- Establish Policies & Procedures.
- Overseeing performance of the group's subsidiaries.
- Improved financial reporting.
- Establishing internal controls.
- Business Planning & Analysis.
- Assessment of New Investments.

Providing clients with professional services in the following areas:

- Enterprise Risk Management.
- Development of Policies & Procedures.
- Internal Control Systems, Analysis & Design.
- Internal Audit Service.
- Regulatory Compliance.

Sample Clients:

1- Abu Dhabi Government.
2- Rotana Hotels Group.

• Full responsibility of the finance function, including planning, budgeting & reporting.
• Improve management reporting to meet operational & strategic requirements.
• Compliance with local & regional reporting requirements.
• Improve internal processes and controls.
• Revenue assurance & collection management.
• Cost management & leadership.
• Profitability enhancement.
• Participate in the formulation of operational & strategic plans for the business to ensure growth & profitability targets.
• Support the Management Team to drive change as required to execute agreed upon business strategy.
• Drive the budgeting process with the department heads.
• Complete monthly, quarterly, annual financial reporting & financial analysis in line with the local, regional & international requirements.
• Effective cash flow management.
• As required, liaise with the internal and external stakeholders including business heads, government agencies, suppliers, lawyers, insurance companies, consultants & advisors, internal auditors and external auditors.
• Identify financial and business risk areas and leading actions to mitigate those risks.
• Supervising the accounting and finance team, ensure the team is geared towards providing the necessary support; actively mentor and develop the team members.
• Manage all matters pertaining to any applicable taxation including planning, payment, legal matters & arbitration.
• Certified Finance Trainer for Nielsen offices in the North Africa region.

• Setting new policies & procedures to implement an efficient compliance function within the company.
• Identifying changes in regulations and standards and assess the impact on business operations.
• Ensuring that all applicable laws & regulations are communicated & adhered to by all relevant business functions.
• Provide a proactive and consultative advisory service to staff on compliance related issues.
• Conduct compliance monitoring and reporting activities in coordination with the business units.
• Recommend the design of the operational framework that ensures regulatory compliance requirements are fulfilled.
• Review marketing, advertising & communication plans in addition to reviewing new products programs.
• Observe Corporate Governance: Compliance with Capital Market Authority (CMA) laws & regulations.
• Ensure that the anti-money laundry guidelines are strictly applied in accordance with the applicable laws & regulations.
• Ensure the adherence of the company staff to the policies set by the business code of ethics.
• Responsible for the staff awareness of compliance role and scope.
• Preparing an automated system with the help of the I.T. function to monitor the company’s operations.
• Develop / deliver adequate appropriate training programs to enhance Compliance awareness for new and existing staff.

Duties & Responsibilities:

1. Work closely with the business in setting and implementing business strategy, assessing the viability of new products and analyzing current product performance with the objective on improving business profitability.

2. Coordinate and manage the planning/ forecasting process for the Consumer Bank. This requires an ability to communicate and negotiate effectively with business and department heads on their growth plans and proposed budgets.
3. Supervise the preparation of monthly financial reporting package analyzing performance across revenue and expenses lines and discuss results with management.

4. Analyze variances versus prior periods/ budget and suggest corrective action in case of deviations.

5. Analyze and manage expenses. Analyze trend data and identify cost savings opportunities to ensure meeting the expense budget.
6. Manage the month end reporting process and any regional reporting requirements.


7. Ensure compliance with local & regional budgetary reporting requirements.
8. Establish and maintain appropriate internal control safeguards.
9. Interact with other managers to provide consultative support to planning initiatives through financial and management information analyses, reports, and recommendations.
10. Develop and direct the implementation of strategic business and/or operational plans, projects, programs, and systems.
11. Serve on planning and policy-making committees.
12. Other duties as assigned.

Duties & Responsibilities:
Sales/Relationship Management:
1. Provides leadership to the branch with a strong focus on sales, sales management and people management.
2. Effective building of the business, deepening relationship and increasing targeted customer base through the execution of an effective sales process.
3. Ensures implementation of Citibanking strategy through action plans aimed at acquiring, servicing and building targeted customers through relationship with Citibank.
4. Develops and implements branch sales plan.
5. Optimizes branch trade area opportunities to develop target market potential and area profitability.
6. Provides feedback to Citibank senior management to enable them to develop marketplace products and programs.
7. Provides immediate feedback to all branch Citibankers to ensure superior customer experience.
8. Gives major inputs/insights in more complex credit extension cases of the branch and for other branches.
9. Networks within the community in order to acquire new and enhance existing customer relationships and meet corporate objectives.

Compliance & Control:
1. Designated as overall in-charge of the branch’s operating policies and procedures, compliance and control. Ensures proper implementations, reviews, recommends changes/improvements.
2. Reviews/performs branch audits: ensures operational and cash control, contingency plans etc. are maintained and exceeds audit standards.

Service and Productivity:
1. Works towards Cycle time reduction, continuous process improvement programs, customer satisfaction initiatives and empowerment activities related to service.
2. Reviews relevance of all service indicators and recommends changes/improvements. Updates everyone on the changes.
3. Ensures that service standards are achieved.
4. Reviews data on usage of each type of access channel and thinks of ways to restructure the set-up to encourage customers to go to the desired channels.

Duties & Responsibilities:

• Build and maintain a strong and robust Controls unit.
• Ensure a strong risk-control assessment process is in place that helps the business a) provide a better service to existing customers through better process control and b) identify and manage the risks associated with new product initiatives.
• Ensure a strong Control environment is in place through training and communication within the organization.
• Ensure adequate knowledge of the Risk & Control Self-Assessment (RCSA) process across organizational units.
• Identify any possible control deficiencies by performing periodic audits as per the approved QA plan.
• Ensure timely and accurate escalation and reporting of exceptions.
• Ensure adequate resolution of exceptions by validating issue closures.
• Achieve satisfactory ratings for the QA unit in the ARR (Audit & Risk Review).
• Achieve an effective RCSA rating in the ARR.
• Participate in conducting periodic RCSA training for key members of the organization
• Lead the monthly Business Risk, Control & Compliance Committee (BRCC) meetings where issues are raised and discussed. Ensure adequate coverage. Adequately follow up on issues raised.
• Perform periodic audits as per the approved QA plan.
• Guide the organization on improving their RCSA process through training and RCSA reviews

Duties & Responsibilities Include:

• Overall responsibility for financial and accounting functions
• Day to day financial management overseeing the operations. Providing financial controls for the organization.
• Maintain the company’s system of accounts and keep books and records on all company transactions.
• Ensuring security and safekeeping of the company’s assets.
• Treasury management, cost control and review of all expense/revenue analysis.
• Design and implementation of financial processes, systems and business controls.
• Interpreting and communicating financial analysis and business information.
• Prepare periodic financial statements and reports outlining the company’s financial position.
• Coordination with sales, marketing and operations & HR departments to achieve the business objectives.
• Managing the company’s cash flows to secure optimum utilization of resources.
• Preparation of detailed budgets, forecasts and funding requirements.
• Ensure that all local regulatory requirements for financial and taxation matters are properly met.
• Identifying significant economic and fiscal risks to the operations and proposing alternative and preferred options.
• Identifying and developing proposals to promote the business and propose new business opportunities.
• Monitoring and analyzing operations with a particular emphasis on their financial impact on strategic growth.
• Design, establish & maintain a departmental structure for staffing to effectively accomplish the department’s goals and objectives.

- Overall responsibility for accounting, financial reporting & control functions for the group.

Perform audit services for the audit clients.