Head of Operation and Financial Audit
Dubai Islamic Bank
Total des années d'expérience :22 years, 5 Mois
I am currently working as Head of Operations and Financial Audit Unit, Investment & Treasury audit unit and Forensic & Quality Assurance Unit within Group Internal Audit (GIA) and responsible for providing assurance and risk advisory services to different subsidiaries, operations and financial departments of DIB to ensure compliance with policies and procedures, external regulatory / statutory requirements. I am managing 3 separate teams comprising of 15 staff while directly reporting to the Chief of Group Internal Audit.
- Preparing annual Audit Plan for the department, Annual Budget, Various reports submitted to Board of Directors (BOD) and Board Audit Committee (BAC), preparing Executive Summaries of audit findings for Audit Committee, preparing and reviewing of audit programs for all areas of the Bank including Corporate Loans, Personal Loans, Operations, Retail Banking, Finance and Treasury Front, Middle and Back Office, preparing audit planning and executing strategies of each individual audit assignment.
- Reviewing of treasury products i.e. Profit Rate Swap, Currency Options, Wakala Placements, Forex Promises forward, futures and money market deals, reviewing of motives of treasury transaction i.e. business need or speculative and preparing special reports, reviewing of counter party risk in treasury deals, reviewing of treasury limits and investigating the breaches in limits, review of deal tickets generated by our system and matching with third party confirmation, reviewing of Accounting treatment for treasury product as per IFRS, reviewing of corporate Customer portfolio ie. 250+ facilities and assessment of adequacy of securities/collaterals against the exposure.
- Reviewing of Risk Management function and risk assurance, Basel II Statements and Central Bank returns, ICAAP Basel II Statement and commenting on capital adequacy to address all the Risks.
- Reviewing of Annual and quarterly Financial statement to ascertain its compliance with IFRS and Local Laws, preparing Industrial Analysis for over all banking industry in UAE and positioning banks’ performance.
- Reviewing controls and risk factors of new products/systems before implementation;
- Investigating special assignments as required by the management i.e. money laundering, profit calculations, Forensic investigations; and inter departmental disputes;
- Liaison with department heads at planning, execution and the conclusion stages of internal audit.
- Responsible for leading the team of five to seven auditors and assigning, delegating and reviewing their day to day work; and coordinating with them to resolve the issues including the tracking of timeline for each assignment;
- Make oral or written presentations to management during and at the conclusion of the audit, discussing observations and recommending corrective action to improve operations. Providing financial and other advisory services to various departments.
Some of the special assignments at the bank where I participated and made significant value addition through my professional input included:
- Participated in preparation of Treasury procedure and Group Compliance manuals, Authority Matrix for various levels of Management
- Actively participated in the implementation of Code of Corporate Governance and new Policies and Procedures.
Planning audit assignments, managing a team of upto 3 persons, finalising financial statements etc.
Planning and execution of internal and external audit assignments, agreed upon procedures, preparong system flows and feasibilities etc.
CPA - Qualified