Manager Internal Audit
Kuwait Finance House
Total years of experience :25 years, 0 Months
Contribution to Internal Audit Strategy and Planning: Actively contributed to the development of the internal audit strategy, budget, and planning process. Implemented a risk-based audit plan aligned with overall audit objectives. Ensured the transformation of audit strategy into operational plans and monitor performance against the approved plan.
Rigorous Risk Assessment and Mitigation: Conducted thorough risk assessments, prioritizing operational, financial, and compliance risks. Collaborated with management to formulate strategies for mitigating identified risks. Recommended robust risk mitigation strategies to enhance organizational resilience.
Comprehensive Fraud Detection and Prevention: Evaluated and enhanced comprehensive fraud detection and prevention measures. Developed detailed investigation protocols for effective fraud management. Recommended the design and enforcement of fraud prevention programs and policies to uphold organizational integrity.
Intricate Financial Analyses and Strategic Insights: Undertook detailed financial analyses, uncovering nuanced trends, anomalies, and strategic insights. Provided in-depth insights into financial data to inform decision-making processes.
Effective Governance and Control Environment: Reviewed policies, procedures, processes, and governance documents to ensure an effective control environment. Performed special reviews and ad hoc projects to strengthen governance.
Clear Communication of Audit Findings: Effectively communicated audit findings and recommendations to senior management and the audit committee. Collaborated with cross-functional teams to address audit-related concerns and implement corrective actions.
Leadership and Mentorship in Audit Teams: Led high-performing audit teams, fostering a culture of continuous improvement and professional growth. Conducted targeted training sessions to develop a team of skilled and adaptive audit professionals.
• Managing engagements of various natures including risk based audits, internal control, diagnostic, investments, credit, risk management and corporate governance reviews.
✓ Conducting the Internal Audit & Internal Control reviews to assess the compliance with laws and regulations of Kuwait and GCC states, verifying efficiency of operations (process, procedures); determining the reliability of financial and other operations; ensuring that legal & regulatory requirements are met; identifying the effectiveness of risk management activities; and deterring fraud.
✓ Developing RCMs (Risk Control Matrix) and Audit Programs for the business areas.
✓ Conducting reviews of Investments.
✓ Conducting retail and corporate Credit reviews to assess compliance with internal policies & procedures manual, credit limits and regulatory requirements.
✓ Conducting the Risk Management reviews covering aspects of the credit, market, liquidity, investment and operational risk processes including adequacy of and adherence to risk policies and procedures, accuracy of internal models, and quality of market data and risk data.
✓ Reviewing Policies & Procedures manuals of various business functions
• Planning and monitoring engagements with a result oriented approach so that the projects yield maximum profitability and client satisfaction
• Preparing proposals and capturing business expansion opportunities
• Maintaining strong client relationships and ensuring that the client deliverables are of the highest quality and client needs are timely met
• Reviewing work papers to ensure compliance with audit standards, ensures adherence to deadlines, and stays abreast of status of assignments
• Preparation and attendance of meetings e.g. Board Audit Committee, Executive Committees/management.
• Staying abreast of best practices both internally and externally and providing conduit for introducing those practices to the company
Reporting to: Manager / Head, Internal Audit
• Conducted departments and branch audits in accordance with the generally accepted auditing standards and State Bank of Pakistan guidelines.
• Conducted special audits / investigations e.g. misappropriation / embezzlement of funds, staff collusions and HR issues.
• Developed comprehensive risk rating model, audit compliance system, and audit test programs.
• Prepared audit reports, risk ratings and executive summaries for the Audit Committee/Executive Management
• Reviewed policies & procedures manuals of the bank and suggests improvement thereto.
• Planed, supervised and oversaw various audit activities being carried out by the assigned Auditors and ensures audits are conducted using risk based assessment methods
• Assisted in establishing policies and procedures of the Internal Audit, annual audit plan and recruitment process
Jul 2000 - Dec 2002 (2 - ½ Years) M.H. Challenge Ind. (Pvt) Limited Manufacturers, Importers, & Exporters Sialkot, Pakistan
Manager Finance & Accounts
Reporting to: CEO
• Monitored day to day functioning of the finance & accounts functions and ensured adherence to accounting standards
• Prepared Financial Statements on monthly, quarterly and annual basis, along with analytical reviews and recommendations
• Working Capital Management: Cash budget, Production budget, Purchase budget, Inventory Planning & Control etc.
• Interacted with banks for short-term and long-term credit
• Advised on financial accountancy issues to staff as required
Feb 1999 - Jun 2000 (1 - ½ Years) Ghazanfar Mahmood & Company Chartered Accountants Firm Gujranwala, Pakistan
Assistant Manager Audit
Reporting to: Manager / Partner
• Conducted external / internal audits of various reputed organizations.
• Provided consultancy regarding bookkeeping, accounts management, taxation, financial planning & management etc.
• Prepared deliverables in accordance with the firm's policies and accounting and auditing pronouncements.
• Supervised and reviewed the audit field works of the support staff.
• Reported on weaknesses and provided recommendations for improvement in internal controls.