Manager Risk Advisory Services
Deloitte - United Arab Emirates
Total des années d'expérience :17 years, 10 Mois
I am specialized in Risk Advisory Services (Internal Audit, Risk Management, Corporate Governance, and Compliance) with variety of sectors exposure including Investments, FMCG, Customer Products, Industrial, Healthcare, Retail, Energy, and Government sectors, with a major focus on the requirements of Publicly Listed Companies including Sarbanes Oxley, Corporate Governance, and Anti-Bribery acts.
At Deloitte Middle East, I contribute to the firm strategy, annual plan, commercial and operational objectives. I am also handling a portfolio of clients and projects and being responsible for the overall delivery of services, including but not limited to; engagements planning, scoping, objective setting, developing the methodology and approach, budgeting and staffing, work in progress monitoring, and invoicing, as well as, managing the communications with the clients’ executives and supervisory bodies, and building the manpower capabilities of our team and our clients.
At Ernst & Young, Tareq is responsible to manage and deliver a portfolio of projects in the fields of risk advisory (Internal Audit, Risk Management, Compliance and Governance) services.
On a macro level, he is responsible for the overall delivery of services, starting of assessing the clients’ needs and expectations, developing the engagement methodology and approach, engagement planning, staffing requirements, budgeting and costing needs, as well as managing the communications with the clients’ executive management and supervisory bodies.
On an operational level, Tareq is responsible for the day to day activities of the engagements he manages from a technical, operational, financial, manpower, quality and regulatory aspects.
Tareq is also mandated to contribute to EY strategy, develop innovative service delivery methods, build the professional capacity and manpower capabilities internally within EY and beyond, with his clients.
Beside his professional thrive, Tareq has been privileged to be a member of various social and non-profit committees that aims to support children education, youth development and entrepreneurship.
Internal Audit (IA):
• Establishing / transforming IA functions, IA charters, manuals, policies & procedures, methodologies, approaches, working templates, etc.
• Risk assessments, IA plans, IA operations, IA Quality Assurance Program (QAP) with strategic clients.
• Regulatory audits, such as: Sarbanes Oxley (SOX) audits.
• Periodic interaction, presentations and reports to Audit Committees
Risk Management:
• Enterprise Risk Management (ERM): ERM functions, Risk Strategy, charters, Risk appetite, ERM manuals, Risk Registers, Risk monitoring tools and mitigation plans.
• Financial Risk Management (FRM): FRM framework: Operational Risk, Credit Risk, Liquidity and Market Risks.
• BASEL II and III framework, risk modeling and rating scorecards, credit risk portfolio management, stress testing, provisioning and disclosures.
Regulatory Compliance (Non-FS):
• Compliance frameworks, compliance manuals, regulatory monitoring plans, reporting templates and action plans.
• Securities listing rules, and commercial laws.
Regulatory Compliance (FS):
• Anti-money laundering (AML) and terrorist financing (CFT) framework, Know Your Customer (KYC) arrangements, suspicious transactions templates and reports.
• Internal Capital Adequacy Requirements.
• Regulatory requirements of their license activities: “arranging, dealing, custody and advising”.
Board of Directors (BoD) Assistance / Governance:
• Governance framework, BoD Terms of Reference (TORs), Corporate Governance manual, policies & procedures, code of ethics and delegation of authority matrix (DOA).
• Audit Committee and Risk Committee charters, Asset and Liability Committee (ALCO) and Nomination and Remuneration Committee (NRC).
• The required process and controls for Governance implementation on operational level.
Sarbanes Oxley (SOX) Audits & Publically listed companies services:
• Oil & Gas: Internal Controls and SOX readiness assessments.
• Technology: Channel Partner Reviews and other SOX reviews in sales, warehousing, inventory management and finance.
• Other sectors: Control design reviews and operational effectiveness reviews on: H2R, B2D, OTC and R2P.
• IPO services: Publically listed company rules and the mandatory laws and regulations.
Finance & Accounting reviews:
• Financial closing and reporting.
• Accounting standards and regulatory requirements.
• Restructuring and asset financing.
• Treasury processes.
• Assets reevaluation.
• Transactions, and IPOs assistance.
Information Technology (IT) reviews:
• IT General Controls (ITGC)
• IT Governance
• Cybersecurity
• Systems and Applications Audits
• To assist the management in the delivery of the engagements by handling the operational duties my engagements, which may include:, performing risk assessments, developing audit plans and programs, testing and reporting, etc.
Roles & Responsibilities Summary
• Establish Internal Audit Charters, methodologies, P&Ps, risk based internal audit plan, etc.
• Develop Enterprise Risk Management (ERM) strategy, define risk appetite and develop risk response decisions, and / or develop internal controls according to COSO Framework.
• Develop Financial Risk management (FRM) framework, for operational and credit risks.
• Establish Corporate Governance framework, and its related components, charters P&Ps.
• Manage Audit Routines: conduct risk assessments, walkthroughs, develop audit plans, audit programs, manage audit testing execution and reporting.
• Assist in developing the Governance, Internal Controls Framework & Enterprise Risk Management (ERM) Framework.
• Perform audit routines, audit planning, risk assessments, walkthroughs, audit programs and testing, reporting & follow up.
• Example of audits; “Accounting & Finance, Merchandise, Branches, Sales, Marketing, HR & Supply Chain cycles”
• Review transactions in accordance with the approved policies, strategies, trading limits, laws and regulations.
• Assist the management to identify risk exposure per transaction, risk tolerance and total portfolio risk exposure.
• Perform financial risk analysis including: risk and return analysis, VAR analysis, market risk analysis, liquidity risk analysis, stress analysis, price validation, trading positions and stop limits, and portfolio risk structure calculation.
Bachelor Degree in Finance and Accounting