وليد حمد

- Develop and update compliance framework to mitigate compliance risk and capture all internal & external compliance requirements of the company.
- Promote internal & external compliance culture within the company.
- Identify the rules and regulations that the organization has to comply with.
- Follow up on any emerging compliance requirements and reflect them in company’s compliance framework.
- Coordinate with process owners to ensure that policies and procedures reflect related regulatory requirements set in applicable rules and regulations.
- Respond and address compliance related queries raised by all departments and business units.
- Distribute of pertinent and relevant compliance news and updates whenever needed to all departments / employees.
- Act as a contact person with regulatory authorities to address any queries or provide any required input, information or data.
- Review communications (of any type) sent/received to or from Regulators.
- Ensure that required disclosures of the Company and its subsidiaries are performed in a timely manner in accordance to related regulatory requirements and taking into consideration the best interest of the Company.

- Performing audit assignments as per Russell Bedford risk based audit methodology.
- Evaluating relevant risks pertinent to various functions e.g. governance, operational, regulatory, etc.
- Planning and execution of the audit including the review of adequacy and compliance with policies and procedures.
- Reviewing of internal control systems in comparison with available best practices.
- Mapping the processes using MS - Visio to ensure the adequacy of controls that address the relevant risks.
- Preparing & maintaining audit working papers and other documents and correspondence.
- Providing reports to management on the effectiveness of internal control environment, along with practical recommendations to improve the efficiency and economic value of the process.
- Verifying compliance with the CMA regulations associated with Corporate Governance module, and disclosure module.
- Develop audit program related to compliance with CMA.
- Follow up on updates of new regulations, circular, laws, and executive bylaw issued from MOIC / CMA / CBK.
- Internal Audit Clients: -
* Aqar International Trading - for Procurement, and Maintenance & Administration
* First Dubai Real Estate Co. - for Legal & Compliance
* First Investment Co. - Direct Investment, Human resources & Administration, Operations, Asset Management, Compliance, Legal, AML & CFT, Risk Management, Public relations, Investor relations, Finance & Accounts, Corporate Governance
* Kuwait Syrian Holding - for Direct Investment, Human resources & Administration, Legal, Compliance, Corporate Governance.
* Mazaya Holding Co. - Legal & Compliance
* Privatization Holding Company - for Direct Investments, Asset Management, Human Resource & Administration, Finance & Account,
- Internal Control Review (ICR) Clients:-
* Combined Group Co.
* Dimah Capital Investment Co.
* KIC Financial Brokerage Co.
* Wafra International Investment Co.
- Assignments related to Module 7 and 16 of CMA executive bylaw:-
* Kuwait Finance & Investment Company - for AML Review, and Clients’ Funds & Clients’ Assets
- Corporate Governance Assignments:-
* Amwal International Investment Company - Deliverable for Corporate Governance including Charters, and policies & procedures
* AREF Investment Group - Deliverable for Corporate Governance including Charters, and policies & procedures

- Complying with ministry of Commerce & Industry regulations.
- Complying with corporate governance regulations issued by Capital Market Authority (CMA).
- Conducting gap assessment to identify the pending documentations which include, but not limited to, charters, policies, and job descriptions.
- Revising policies and procedures mentioned below to comply with corporate governance regulations:
* Board of directors charter
* Audit committee charter
* Risk management committee charter
* Nomination & Remuneration charter
* Remuneration policy
* Shareholders protection policy
* Stakeholders protection Policy
* Disclosure policy
* Code of Professional & Ethics policy
* Conflict of Interest policy
* Corporate Social Responsibility Policy
* Whistle blowing Policy
* Related Parties Policy
* Investors Affairs Policy
* Governance Framework

- Monitoring and reporting results of the compliance operations to the head of risk & compliance and providing guidance on matters related to compliance issues.
- Developing initiates, maintaining, and revising policies and procedures of the general operation of the Compliance program and its related activities to prevent illegal, unethical, or improper violations.
- Managing day-to-day operations of the Program, auditing client’s files and verifying whether the granted loans are in line with CBK’s regulations.
- Complying with Central Bank of Kuwait regulations by ensuring the validity of client documents and their Ci-Net reports whether they are violating CBK’s regulations. Checking if individual loans were granted according to internal authorities’ grid.
- Maintaining an updated black list for individuals in accordance with CBK’s regulations.
- Following up with rectification.

The internship is related to a Retail Loan Review Assignment at Kuwait International Bank as required by CBK (Certificate is available).