Manager
Oman Insurance
Total years of experience :16 years, 4 Months
Key responsibilities are:
Reporting to the Head of Internal Audit.
Data Analytics:
• Implement Data Analytics (Alteryx) and Visual Analytics (SAS) Software’s in the OIC Internal Audit Dept.
by integrating the Overall Database of the OIC.
• Designing queries, connections with databases, testing of data and implementing the tests into Audit.
• Set out the parameters of regular monitoring and moving ahead towards continuous monitoring instead
of Periodic Auditing.
• Provide Exceptions to the Auditor to be incorporate into Audit exceptions.
Risk management:
• Identifying risks involved with the functioning of enterprises and providing advice regarding risk mitigation,
best practices, operations cost reduction, and business development.
• Risk Universe creation for audit purpose by assessing Fraud risk, Operational risk and financial risk
assessments i.e. ERM, along with Anti Money Laundering, corporate governance & legal compliance
testing’s promulgated by SCA, Insurance Authority & per SOX 404.
• Conducting Risk Self Assessments (RSAs), Identifying Key Risk Indicators (KRIs), and Establishing Risk and
Controls matrix for Risk Management perspective.
• Assist the head of Internal Audit in preparing annual audit plan according to the risks identified, by
reviewing the strategic priorities and activities to assess and identify potential risks to the organization.
• Prepare/update the risk registers for each auditable entity and assist in preparing the internal audit
strategic plan & rate risks accordingly to the rating criteria and materiality levels as per Group
methodology i.e. GRAM.
Audit execution & Reporting:
Saad Jawaid Page 3
• Review and Identify Key risks in assigned audits at planning stage by Planning memorandum & Risk &
Control Matrix and at testing stage by Testing matrix & Audit Testing Program.
• Reviews and develop the Audit Testing programs to ensure adequate and comprehensive coverage of
the audit objectives and standards as governed and identify the risk areas to ensure all sub processes are
covered.
• Test the existing controls in place, identify control gaps and recommend action plan to address the risks
where controls are weak and conduct exit meetings with process owners to ensure accuracy of
observations.
• Prepare the audit reports along with action plan and timelines by following the approved rating criteria.
• Assist HOD in Writing Audit Committee Quarterly Pack.
• Perform Data Analysis and identifying Outlier during the audit.
• Review and follow-up with management on the closure of Audit issues and maintain the criteria of closure.
Others:
• Liaise with the Fraud Unit to carry out investigations at different levels.
• Liaising with Vendor for the updation of Audit Software i.e. Auto Audit.
• Ensure compliance with the Quality Assurance checklists and perform Internal Quality Assessments on
defined audits.
• Attend various meetings/discussions in the organization in order to understand systems and methodologies
well.
• Coach and trained Staff in the Internal Audit department.
• Other ad-hoc responsibilities as assigned by the Head of Internal Audit
Key responsibilities are:
Reporting to the Manager Internal Audit
• Prioritize the risks and perform risk assessment at different levels.
• Assist Manager in preparing annual audit plan according to the risks identified in NGI
projects/units/functions.
• Reviews the Audit programs along with Manager to ensure adequate and comprehensive coverage of
the audit objectives and standards
• Review the controls and perform testing of controls on audit assigned by manager by developing Testing
Matrix and Methodologies.
• Advise management on systems and procedures requiring improvement
• Follow-up on management actions on audit findings, recommendations and how audit issues are
concluded.
• Anti- fraud policy and whistleblowing policy creation.
• Undertake investigations on frauds and irregularities at management requests.
• Apprises the external auditors about the key findings of internal Audit in order to support the external audit
with complementary advice and in the process to evaluate the performance of external audit
• Trained Staff in the Audit department.
• Follow the group methodology in Writing BAC Quarterly Audit reports and management audit reports
along with Manager and rate the risks accordingly to the rating criteria.
• Successfully implemented the ACL software in the NGI and have hands on experience in it.
• Other ad-hoc responsibilities as assigned by the Manager-Internal Audit
Engagement planning based on the understanding of the client’s business processes and assessment of
business and audit risks, supervision of the engagement, review and finalization, including close liaison with
management
• Coordinating with various professionals such as lawyers, actuaries, independent valuators and information
technology experts and decision-making in respect of critical reportable matters
• Assisting clients in preparation of financial statements in accordance with the applicable financial
reporting framework including compliance with International Financial Reporting Standards (IFRS), local
corporate laws and directives of regulatory authorities
• Providing ongoing assurance and advisory services to clients regarding compliance with corporate
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