Manager Group Internal Audit
Maersk
Total years of experience :18 years, 2 Months
Global Audit and Assurance services across Maersk group companies
Key responsibilities:
- Enterprise risk management: Proficient in application of the leading practices/methodologies for conducting entity-wide risk assessments at inherent and residual risk levels including validation of financial risk exposures in Forex transactions, interest rates and product pricing etc. Facilitation team member for implementation of enterprise risk management framework in line with ISO 31000 guidance.
- Specialized audits and one-off consulting projects: Team leader for all special audits and consulting engagements pertaining to financial, operation, compliance, capital projects. This includes validation of wide array of data and underlying information used in management reports to facilitate strategic decisions, control gaps analysis for new systems implementations, pre-implementation review of policy and procedures, investigation of gathering facts in relates to whistle blowers complaints, consultation to management for rational interpretation of policy, procedures and related regulations etc.
- End to end audit process, internal controls effectiveness, audit recommendations and audit reporting:
o Competent and have considerable exposure in developing annual audit plans in line with the risk assessments results, preparing detailed audit scopes and audit engagement level plans to define team responsibilities, deliverables time frame and quality expectations, information and work-flow arrangements during audit fieldwork, identification of subject matter information pertinent to audit scope.
o Documenting process flows, identifying control gaps and developing or updating audit programs, conducting test of controls and other review procedures to identify control deficiencies, mapping control deficiencies with risks registers and assignment of risk ratings.
o Preparing list of findings for factual confirmation with process owners, developing complete audit recommendations using policy and procedures, regulations as a baseline, and aligning further with management approach to eliminate redundancies or differences in management responses, compilation of draft and final audit reports, periodic follow-ups with process owners to ensure timely implementation of corrective actions.
- Diverse team exposure: Considerable exposure to work with or lead audit teams with diverse skills, cultural perspective and background. This include diversity of in-house workforce as well as working on joint audits with global audit teams of joint venture partners for past 7 years (Alcoa, Mosaic, SABIC).
- Providing auditors’ performance feedbacks to audit management, identifying skills gaps and training needs etc.
Major achievements:
- Improved Corporate Governance reporting, in line with Saudi Capital Market Regulations and Global benchmarks.
- Updated policies and procedures of internal audit, in line with the latest professional practices framework of IIA.
Key responsibilities:
- Prepared financial statements, management/cost reporting packages of the segment for the group management,
- Profitability analysis and feasibility studies for Capital projects,
- Controlled project costs and related revenues streams.
- Coordinated with external auditors for annual statutory audits.
Major achievements:
- Received appreciation award from the Company's COO in recognition of maintaining effective project cost and revenue controls.
- Reconciled significant variances in receivables (PKR +50M) that facilitated negotiation and settlement with the clients.
Certified Internal Auditor
- Advanced accounting - Auditing & Taxation - Management