Manager Internal Audit
International Accountants
Total years of experience :32 years, 9 Months
International Accountants, Riyadh, KSA: January 2013 till date
Designation: Internal Audit Manager
Significant Accomplishments:
Instrumental in setting up internal audit departments and developing internal audit services for clients.
Managing Internal Audit projects.
Handling Risk assessment projects.
Organizing training sessions for team members pertaining to internal audit.
Streamlined documentation updating processes, making documentation accurate and in compliance with necessary procedures.
Key Responsibilities:
Leading a team of 1-7 members; conducting an internal risk assessment of departments and functional areas in compliance with organizational policies and audit standards.
Interacting with the managing partner, Audit Committee, internal auditors, and due diligence team pertaining to fraud investigations and other issues.
Planning, organizing and controlling all projects
Managing activities related to risk assessment of departments and functional areas including internal control testing of potential risk areas.
Adding values, and solving problems, where possible.
Review the implementation of best practices across areas of financial control weaknesses.
Evaluating responses from clients related to internal audit management letter.
Issue draft Reports for discussion, then the final Reports.
1. Reporting to Board Audit Committee
2.Managing the Internal Audit Department
3. Establishing a sophisticated Internal Audit methodology.
4. Adding values to the Group.
5. Solving problems.
Internal Audit Manager at Insurance Company Saudi Arabia - from April 2017 to Aug 2017
Reporting to the Board Audit Committee.
Established a sophisticated internal Audit Department and Risk management Department with a very strong methodology (COSO).
Participated in Governance policy.
Trained internal Audit staff.
Many others adding values and solving problems.
Highlights
• Set up internal Audit department based on Risk Based Audit (RBA) to improve the effectiveness of risk management, control and governance processes.
• Established Audit Chart and developed a comprehensive Audit Manual.
• Established Anti-Fraud policy that facilitated prevention and detection of frauds with effective deterrents in place.
Responsibilities
• Finalized and presented various reports to the Board Audit Committee; participated in other internal audit regulatory reporting reviews.
• Defined and implemented new governance policies including monitoring of internal controls; served as Advisor for various cases.
• Involved in validation of effectiveness of remediation or resolution plans; evaluated regulatory reports to ensure accuracy and completeness of information.
• Managed routine documents based on business requirements.
Highlights
• Successfully customized and implemented “Teammate” to assist in automation project customization, implementation, training, administration including development/improvement of system, and internal audit processes as project manager.
• Instrumental in initiating Enterprise Risk Management (ERM) across the company in coordination with an international firm.
Responsibilities
• Spearheaded activities related to completion of various types of audits.
• Rendered support to the management in implementation of risk management modules.
• Mentored internal audit staff; conducted training sessions for team members based on performance evaluation.
• Updated the Board Audit Committee and Management Directors with results of previous year’s annual plans alongside the annual plan for next year.
• Provided results of audit to auditees.
• Collaborated with various support teams in implementation of internal audit recommendations.
• Designed annual budget for the Internal Audit department, including development of KPIs for audit department to measure department performance.
• Involved in implementation of various process improvement initiatives such as systems automation.
• Developed audit programs, reviewed scope of programs, and optimized resource utilization through task allocation to team members.
• Assessed internal control systems and procedures; drafted audit reports to highlight shortcomings in existing plans and implementation of necessary recommendations.
• Drafted documentation for audit observations; rendered recommendations on internal control and process improvement.
• Rendered consultancy on issues related to safeguarding of assets, implementation of internal control, cost and performance optimization.
• Conducted verification of books of accounts; ensured preparation of accounts in compliance to international and local standards.
• Collaborated with the risk management team and assigned exposure limits.
• Designed various planning activities, streamlined implementation of various audit types, and assisted the management in implementation of various risk management modules.
Highlights
• Involved in development and implementation of organizational policies and procedures including recommendation of restructuring strategies.
• Coordinated activities related to implementation of procedural changes, and change management initiatives.
• Implemented systematic changes to enhance organizational productivity and cost savings.
Responsibilities
• Monitored day to day activities for finance, human resources, administration, procurement, and warehousing functions.
• Assisted the senior leadership in various aspects of decision making; formulated strategic plans based on various corporate objectives
• Ensured prompt resolution of issues; developed diversified improvement and optimization strategies.
Highlightsu**
• Played key role in development of the Group's diversified financial regulations, policies and procedures.
• Instrumental in liquidation of the Group.
Responsibilitiesu**
• Led accounting functions such as preparation of consolidated financial statements; managed audits including other financial activities based on requirements.
• Illustrated diversified financial information to ensure accurate business forecasts including monitoring of performance and efficiency of various financial models.
• Managed diversified accounting functions including finalization of consolidated year-end statements for submission to regulatory authorities.
• Involved in compilation of diversified MIS Reports and evaluated monthly results of those reports.
• Set up stringent financial control framework in collaboration with respective department heads to eliminate chances of fraud or misappropriation.
• Organized quarterly review meetings of respective Group Companies in compliance to statutory regulations.
• Monitored existing systems, and recommended infrastructure updates.
Highlightsu**
• Successfully implemented ERP solutions as a project manager.
• Played key role in designing internal audit manuals based on last definition of IIA.
• Rated high for setting up and efficient management of the audit department.
• Managed MIS department as temporary assignment, in addition to other routine duties and various management reporting functions.
Responsibilitiesu**
• Involved in development of annual risk assessment, strategic plan including planning of nature, scope and timing of audits.
• Coordinated activities related to recruitment, development and management of the audit team to support audit plan requirements.
• Evaluated work of others; mentored staff and senior auditors based on requirements.
• Assessed policies, procedures and management controls to ensure efficient management of activities at optimized costs throughout each audit.
• Collaborated with business units in development of effective and practical solutions.
• Drafted and presented audit reports, memorandums or other presentations to communicate results and recommendations based on audits findings.
Previous Assignment
• August 2003 to June 2004, Consultant, Training Medical Center
• April 2001 to April 2003, Finance and Administration Manager, ALJAZWA
• February 1999 to March 2001, Supervisor of Internal Audit Department, Al-Faisaliah Group
• October 1992 to February 1999, Auditor, Ernst & Young (Big 4)
Finance and Administration Manager, ALJAZWA: April 2001 to April 2003
o Played key role in implementation of system for finance and admin department.
o Coordinated day to day business operations including interaction with banks, management of collections, payments etc.
o Involved in issuing financial statements and supporting the company in conducting financial studies.
Reason of leave
Company liquidated.
Supervisor of Internal Audit Department, AL-FAISALIAH GROUP: February 1999 to March 2001
o Conducted audits of various entities from operational (such as human resources) and financial sides.
o Participated in implementation of SAP in the MM (Material Management) module and Y2K compliance program.
o Worked as a Director for internal audit department in the absence of the director.
Reason of leave
New challenge
Auditor, Ernst & Young (Big 4): October 1992 to February 1999
o Conducted audits of Banks, Trading, Manufacturing, Contracting, Medical and IT companies etc.
o Key clients included: SAMA.ABB, NCB, SAMBA, Aljeresy Group, AlDress Group, Al Rajhi for industrial group, ALRajhi Bank, among many others. Also participated in several liquidation assignments
Reason of leave
Good offer and new challenge
Researcher, Ministry of Health: January 1991 to October 1992
Master Degree in Business Administration
CRMA)
Cleared 4 subjects of SO-CPA (Saudi Organization Certificate Public Accountant).
Professional Development Training * Attended CIA courses, and planning for exam • Audit Reporting & Advance Audit Skills, IIR, 2009 • Teammate, International Audit Software, Jubail PwC, 2008 • Teammate, International Audit Software, Jubail, 2008 • Course in CIA (4 parts in Certified Internal Audit), PRC, Dammam • Risk Management, Risk based Audit, Name of the Institute, Dubai, December 2008 • Risk Management & Risk Based Audit, IIR, January 2008 • Leadership Style & Management, Name of the Institute, Jubail, September 2007 • Motivation & Management, Name of the Institute, Jubail, August 2007 • Team Work Course, Name of the Institute, Jubail, April 2007 • Project Management, Name of the Institute, Jubail, March 2007 • Employee Performance Appraisal, Name of the Institute, Jubail, February 2007 • Business Plan, Budget and Cost, Name of the Institute, Jubail, July 2006 • In-house Course - SAP Overview & Auditing SAP, Ernst & Young, 2000 • SAP Courses (Overview, HR, MM, FI and Co.), [Name of the Institute], Riyadh, Alfaisaliah, 2000 • Accounting in SOCPA, [Name of the Institute], Riyadh, 1999 • Internal Audit, E&Y, Riyadh, 1998 • ISA, E&Y, Kuwait, 1998 • Modern Accounting, E&Y, Riyadh, 1997 • Auditing and Accounting 1, 2, and 3, E&Y, Riyadh, 1994, 1995 and 1996 Certifications • Certificate in Developing Fraud Prevention & Investigation Strategy, Name of the Institute, July 2011 • Certificate in Operation Risk Management, IIR, July 2010
