Manager - Internal Controls
Kuwait Financial Centre
Total des années d'expérience :12 years, 2 Mois
Registered as the Internal Audit Officer with Capital Markets Authority.
Plan and manage the activities of the Risk and Compliance department to strength the organizational capabilities through assessing business procedures, adopting leading practices and ensure compliance with applicable regulations and internal guidelines.
Effective implementation of the Compliance management system to ensure compliance with all regulatory requirements
Follow up with departments on timely resolution of Compliance gaps
Perform AML, KYC reviews and other adhoc reviews
Assist in developing and reviewing all the Corporate polices
Identification of opportunities for continuous improvement of systems, processes, reports, and practices.
Perform RCSA exercises for the departments
Coordinate with external auditors for e.g., IA, ICR, ISAE 3402 and discuss the requirements from the departments
Coordinate for all regulatory audits and inspections, review findings for modifications and improvement of systems and procedures and following up on any clarifications received.
Reporting to Board Audit Committee
Carrying Internal Audit of private companies, which include reviewing internal controls, document standard operating procedures, presenting Audit findings to top management and finalizing audit report.
Conduct Internal audits in accordance with set organizational guidelines to ensure effective controls.
Identify gaps, provide effective recommendations to enhance process controls and ensure adherence to regulatory requirements
In-depth ability to gather, analyze, evaluate facts, prepare and present concise written reports, responsibilities including planning, fieldwork execution and reporting.
Exceptional knowledge of audit procedures, including planning, techniques, test and sampling methods involved in conducting audits.
Perform pre-audit risk assessment to identify high-risk areas, and then propose an approach to execute testing of internal controls as implemented by management.
Conduct compliance, operational audits in accordance with accepted internal audit standards established by Institute of Internal Auditors.
Execution of various Risk Based Internal Audit engagements involving review of controls & processes.
Evaluate the adequacy and effectiveness of internal controls of business functions and processes.
Execute detailed audit procedures, including reviewing transactions, documents, records, reports, and policies and procedures for accuracy and effectiveness.
Prepare working papers record and summarize field work in detailed audit programs and ensure that audit reports are created within the agreed timeframe.
Preparing Internal Audit reports and Presentations to Audit Committees with detailed recommendations, and follow up on the implementation of action plans.
Follow-up on issued reports to insure timely and adequate corrective actions based on agreed action plan.
Internal control review - Banks and Investment Companies
Internal Control Review mandated by Central Bank of Kuwait: Executed internal control reviews in major banks and investment companies covering areas like Anti Money laundering, Operations and Corporate Governance
Regular follow up of CMA, CBK circulars, regulations and Companies, Labour Laws.
RSM Al bazie Consulting W.L.L December 2013 to date.
Internal Auditor
• Carry out the vision and mission of Internal Audit to implement a systematic and disciplined approach to evaluate and improve governance, risk management, and control processes.
• Review and evaluate compliance with corporate policies and procedures, and applicable laws and regulations.
• Identify and clearly define audit issues and root causes, recommend improved internal controls and business
• Reviewing Company’s internal controls and procedures, and judging its actual implementation when planning the audit. Designing and conducting audit procedures to respond to the risk that management could face overriding internal controls, procedures, and processes and advice corrective action plans are developed and implemented.
• Identify audit findings to the Internal Audit leadership to the business management team.
• Prepare working papers and adequately document audit work performed to support conclusions reached.
• Prepare reports and audit findings
• Able to develop and perform audit with minimum supervision and is able to independently deal with issue resulting from audit assignments.
• Conduct compliance and operational audits in accordance with accepted internal audit standards established by Institute of Internal Auditors.
• Evaluate the adequacy and effectiveness of internal controls of business functions and processes.
• Execute detailed audit procedures, including reviewing transactions, documents, records, reports, policies procedures for accuracy and effectiveness.
• Prepare working papers, records and summary for executed audit programs.
• Participate in preparing comprehensive reports need to be presented to the client.
• Follow-up on the issued reports to ensure timely and adequate corrective actions based on agreed action plan.
• Assist the management in setting up the process and procedures in place that is required for activity or each personnel, in line with CMA, CBK and other requirements.
• Specialties: Internal Audit for areas such as Corporate Governance, CMA compliance, Risk and Compliance, Investments, Asset Management, Finance and Accounts, Treasury, Fund and Portfolio management, Project departments, Public Relations, Investment Banking, Lending, Real Estate Management, Payment and Cash Management, Custody and Clearing, HR and Admin
Responsibilities:
• Audit the organisation's balance sheet, profit and loss statements and ledger accounts.
• Verify the accuracy and legality within the documents and approve them with a signature.
Review the financial documents to judge the liquidity, solvency and credibility of the organisation.
•Request the organisation heads and collect the requisite documents for performing the audit.
•Compare and inspect the departmental accounts, supporting documents against ledger accounts.
Internship Details
Completed internship with Ernst & Young Auditing Firm
The internship gave me an opportunity to become proficient with the audit procedures, accounting principles and develop my analytical skills that help read and understand the financial data.
• Worked as an Associate at Chinta Krishna Rao & Co, India from 10-03-2009
to 31-07-2010 a period of 1year 5 months.
Responsibilities:
• Audit the organisation's balance sheet, profit and loss statements and ledger
accounts.
• Verify the accuracy and legality within the documents and approve them with a signature.
• Review the financial documents to judge the liquidity, solvency and credibility of the organisation.
• Request the organisation heads and collect the requisite documents for performing the audit.
• Compare and inspect the departmental accounts, supporting documents against ledger accounts.
Internship Details
Completed internship with Ernst & Young Auditing Firm
The internship gave me an opportunity to become proficient with the audit procedures, accounting principles and develop my analytical skills that help read and understand the financial data.
Technical Skills
Efficient in using Windows, MS Office Suite, FoxPro, Sage line 50 Accounting Package.
Qualified as Certified Public Accountant
• Completed Bachelor's Degree in Accounting from University of Madras
•Qualified as ACCA