Raed Khatib

Corporate Governance, Risk Management & Internal Audit
• Managing the Internal Audit function across 20+ companies in the group, setting Risk-based audit plan and presenting to the audit committee periodic feedback.
• Presenting findings to the relevant management and audit committee, recommending feasible solutions and action plans.
• Advising the management and the board on the Risk Appetite after aiding in setting the financial and operational parameters for all risks and treatment plans.
• Responsible of Corporate Governance effectiveness by delivering awareness sessions, reviewing segregation of duties in all processes and enforce anti-fraud management control environment.
• Reporting directly to the board on the compliance function status updates.
• Launched preliminary Risk Management function by reviewing the embedded controls across the group and evaluating their treatment plans.
• Process Mapping and reviewing all the policies and procedures, advising on applicable changes in regards the updated processes.
• Conducting Risk Awareness Sessions and Internal Audit basics to several managers across the group.

Internal Audit & Corporate Governance
• Led several teams in conducting Internal Audit for various sectors and industries in the UAE, i.e. Government, Retail & Trading, Real Estate, Manufacturing, Construction and many others.
• Managing Clients relations and presenting the Final Audit reports to the Board and Audit Committees.
• Managed Audit and Cash Count services for more than 80 branches for federal entities in UAE.
• Responsible of preparing Corporate Governance frameworks, manual and charters for the Board and related committees for various organizations.
• Responsible of improving team members’ Internal Audit & Risk analysis Skills.
• Led a team in a process management engagement for Dubai biggest theme park, developing process maps and customizing process automation.


Enterprise Risk Management
• Led large number of Risk Assessments for various public and private entities that operating in Financial Services, Manufacturing and Real Estate industries.
• Assisted in designing the ERM and COSO internal control frameworks for financial authorities in UAE.
• Led a compliance audit over ISO 31000 Risk management standards in coordination with the assurance service line.

Internal Audit & Enterprise Risk Management
• Led a team as Manager in charge covering an Oil & Gas Special Internal Audit Engagement.
• Led a team of 8 staff in conducting integrity audit for retail chain of more than 20 outlets.
• Led a team in conducting Risk Assessment & Internal Audit for various Semi-Government Entities.
• Reviewing and Recommending Business plan for Marketing and Business Development processes.
• Transferring knowledge to new joiners of Internal Audit & Risk Management teams.

Internal Audit & Risk Management Services
• Responsible for conducting risk-based internal audit engagements for clients operating in various industries i.e. Oil&Gas, Financial Services, Retail.
• Led a project in setting Risk Appetite financial and operational parameters for financial services corporations in addition to developing ERM framework.
• Assisted a team in establishment of Internal Audit Function in the General Authority of Civil Aviation in KSA and preparing their Internal Audit Manual and forms.
• Responsible for conducting Compliance reviews for Government Entities.
• Reviewing and assessing various business processes covering Financial Services, Industrial product manufacturers, Insurance companies and Government institutions.
• Involved in the development of corporate governance frameworks and conducting enterprise risk assessments for organizations in Kuwait & Bahrain.
• Conducted special assignment; assisted C-Level in determining strategic, financial and operational risk parameters and preparation of risk appetite statements.
• Reviewing and improving of policies and procedures for various financial, and family business companies.

Performance Improvement (4months Project)
• Participated in Process Re-engineering engagement for Government entity, led the HR stream line for re-designing the flowcharts and preparing the new manuals through identifying the gaps against as is processes.

Fraud Management
• Delivering Fraud Awareness and Business Code of Ethics and Compliance Requirements training courses for the employees of various companies in Saudi Arabia.
• Assisted a team in conducting special financial audits.
• Working in investigation and reporting of fraudulent activities in diversified large companies in Saudi Arabia.

Credit Risk:
• Reported estimated credit losses in the bank loan portfolio by using internal credit scoring tools.
• Assisted in AML procedures implantation in coordination with the Compliance Dept.
• Determined loans loss provisions in a timely manner.
• Participated in financial control activities for Banks liquidity status.

Operational Risk:
• Participated in providing risk awareness sessions for all bank entities in coordination with Compliance Dept.
• Interviewed all bank process owners and prepared risk and control matrices.