Head of Internal Audit
National Center for Privatization & PPP
Total des années d'expérience :14 years, 1 Mois
Highlights:
Established the Internal Audit Department by ensuring compliance with International Professional Practices Framework (IPPF).
Developed policies and procedures for Internal Audit Department to manage risk and exposure for the company.
Successfully revised risk assessment methodology with process driven approach.
Key Responsibilities:
Report functionally to the Audit Committee and administratively to the CEO.
Appointed as the secretary of the Audit Committee.
Establish department strategy, objectives and standards of performance and monitor accomplishments while maintaining continuous process improvement.
Strategically prepare Audit Charters, Audit Universe, Audit Plan & liaising with the Audit Committee to remain abreast with their requirements; addressing their concerns to the level of their satisfaction for the assured realization of seamless flow of audit operations.
Facilitate the formulation of new procedures and organizational changes resulting from assurance/consulting engagements and discuss changes in related policies, rules, procedures, and methods.
Advise on the alignment of the long term and short-term strategy of audit with internal business priorities and market best practice.
Oversee enterprise risk management (ERM) to ensure proper identification and analysis of potential risks and ensuring adequate risk assessment models or methodologies are followed as well.
Highlights:
Expert at this level is responsible for advising and providing technical expertise in the area of audit. Also, responsible for advising on the operational & strategic mandates to minimize operational, financial and business risks and leverage potential opportunities.
Key Responsibilities:
Quantify the impact of all the identified risks and non - conformance activities and advises on the development of a risk mitigation framework as well as guidelines, to be cascaded to each sector.
Guide the development and implementation of the company’s risk management strategy including identification of business risks from internal and external factors affecting the company’s business model.
Act as an advisor providing expertise on work processes, performance philosophy and standards to sectors pertaining to audit.
Guide in defining the auditing approach for a defined work unit, so that non - compliance and irregularities are recognized and audit protocols are adopted.
Provide expertise on operational work processes, policies and compliance guidelines pertaining to audit.
Provide informed independent opinion on Information systems, Finance, Investments and other New Business effectiveness.
Develop and promote high standards of control and risk management for focus areas in Information systems, Finance, Investments and new Business.
Recommend training requirements pertaining to audit and regulatory laws and provides subject matter expertise towards design and delivery of the training content.
Advise on remedial actions and measures for course correction upon escalations.
Analyze reports and metrics to identify potential issues and undertakes preventive measures to mitigate relevant operational, financial and business risks.
Highlights:
Established the Internal Audit Department & developed policies and procedures for Internal Audit Department.
Conducted risk assessment for the company.
Key Responsibilities:
Drove department quality standards to ensure adherence to the International Professional Practices Framework as promulgated by the Institute of Internal Auditors (IIA).
Identifying and reporting on all significant control weaknesses, through the application of a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, processes, controls and decision-making.
Played a key role in providing value addition to the business by identifying opportunities to improve and drive positive change in governance, risk management and internal controls.
Facilitated the formulation of new procedures and organizational changes resulting from assurance/consulting engagements and discuss changes in related policies, rules, procedures, and methods.
Performed financial statement analysis to gauge liquidity, profitability and solvency position of clients; identifying key areas of concern and sharing these with the Management Teams with practical recommendations to add value and to maintain long-term working relations.
Key Responsibilities:
Performed and controlled the full audit cycle including risk management and control management over operations’ effectiveness, financial reliability and compliance with all applicable directives and regulations.
Led client audit engagements, which include planning executing, directing, and completing financial, operational and compliance audits.
Led closing meetings with management, presenting findings, conclusions and recommended improvements.
Developed audit reports, which clearly articulated risk, noted exceptions, impact and provided clear solution, based recommendations.
On-going collaboration with the Management Teams of clients to develop a better understanding of the key pressing issues that they are facing; analyzing these issues from multiple perspectives and recommending most appropriate solutions that are sustainable in the long run.
Performed required analysis of the business model prior to audit planning to assess key macroeconomic and unique risks; assured that the audit plan properly accounted for the risks identified in the initial assessment for the assured realization of an effective audit.
Proactively interacted with key client’s management to gather information, resolve problems, and make recommendations for business and process improvements.
Ensured audit conclusions are based on a complete understanding of the process, circumstances, and risk.
Developed Audit Programs and testing procedures relevant to risk and test objectives.
Ensured appropriate adherence to all applicable department and professional standards.
Diligently monitored remediation plans to confirm proper corrective actions.
*Passed the first part of CIA from The Institute of Internal Auditors (IIA) *Completed VITA (Volunteer Income Tax Assistance) *TCE (Tax Counseling for the Elderly) programme from Internal Revenue Service Continuous Professional Development: • Teammate software course – Riyadh • Internal Audit and Quality Assurance – London • Hyperion software course – Riyadh • IFRS standards – Riyadh • 3 Days MBA mining course – Dubai • New strategies and best practices in internal auditing – Riyadh • Incorporating Corporate Governance & Financial Risk Management by (ECOMAN) - Dubai • Audit Command Language (ACL) Software by (ACL) – Riyadh • Incorporating Corporate Governance & Financial Risk Management - Riyadh