Experience

Khalifa Juma Al Nabooda Group of Companies

• United Arab Emirates
• Retail
• 1 - 100 Employee

• Head of Group Internal Audit

  • Apr 2008 - Present

  DESCRIPTION - Set-up and manage the Internal Audit Department for Al Nabooda Group. - Establish and realize goals, objectives and budgets for the Internal Audit Department. - Design and implement Internal audit plans and programs (operational and financial). - Plan and conduct reviews of internal controls of the Company and its subsidiaries. - Determine whether processes, procedures and internal controls exist, are adequate, documented, understood and adhered to by all relevant parties. - Evaluate audit findings; prepare and present the results of audit work and recommendations to the Chairman, Managing Director and Senior Management in the form of oral and written communications. - Recommend changes in policies or procedures to increase efficiency of operations or to improve safeguards over assets. - Ensure that the audit team is briefed, trained and competent. - Pro actively advise the Chairman and Managing Director and other key Senior Management on any risks / opportunities for the groups’ businesses. - Follow-up to determine adequacy of corrective actions. - Keep abreast of relevant professional developments for providing optimal client support and subordinate development. - Conduct special studies and/or assignments. - Undertake such other duties as may from time to time be agreed with the Chairman and Managing Director to accomplish specific projects. ACHIEVEMENTS - Carried out a high level risk assessment for the entire group & developed risk based IA plan. - Developed IA Manual. - All auditee companies were extremely satisfied & IA reports were highly appreciated. - Measured value additions in monetary terms coming out of audit recommendations (to the extent possible) & compared them to IA cost. Value additions were manifold of audit cost. Show less



Emirates Bank Group

• Manager - Quality Assurance, Group Internal Audit

  • Jul 2005 - Mar 2008

  DESCRIPTION - Maintain up-to-date audit universe. - Developing and maintaining resource and financial budget. - Developing standards for assessment of quality of audit work. - Undertaking quality reviews of audits carried out by the department. - Reviewing department policies, standards and procedures for alignment with best practice. - Identifying process efficiencies/improvements and revising methodologies to reduce time spent on audit. - Review, improve and monitor department’s key performance indicators. - Developing and organising training and career development programme for staff. - Developing and maintaining risk based audit plan. - Implementing ongoing use of audit support software applications. - Assisting in recruitment process by interviewing professional candidates. ACHIEVEMENTS - Revised guidelines for planning an audit and introduced a standard Audit Planning Memoranda. - Developed new guidelines for carrying out detailed risk assessment for an audit assignment. - Developed and introduced a new set of Key Performance Indicators for the department. - Revised ‘Internal Audit Charter’ and ‘Terms of Reference’ of Audit Committee in line with best practices. - Developed Quality Assurance Guide for the department and carried out number of QA reviews. - Revised Internal Audit Manual in line with best practices and segregated the policies and procedures. - Made presentations to auditees on internal audit process and importance of controls. - Introduced the concept of ‘Methodology Working Group’. Show less



PricewaterhouseCoopers, Dubai, UAE

• Senior Manager

  • Apr 2002 - Jun 2005

  DESCRIPTION - Providing professional services to a portfolio of external and internal audits clients. - Managing entire internal audit related services of the firm in the UAE. - Developing internal audit practice in UAE and within the Middle East region. - Managing, motivating and developing professional staff. - Exploring opportunities of cross selling of services provided by the firm. - Managing strong client relationships. - Assisting in recruitment process by interviewing professional candidates. - Maximising fee opportunities from portfolio of clients. ACHIEVEMENTS - Managed portfolio of internal and external audit clients, which included banks, construction companies, trading and manufacturing companies, energy and utility companies, etc. - Participated and carried out inter-firm Quality Review of PwC Kuwait office. - Carried out detailed risk assessment for the State owned steel-manufacturing company of Qatar and for a plastic manufacturing company in Dubai; developed a detailed risk based internal audit plan for them. - Carried out Quality Assurance Review of two Internal Audit Departments of Dubai Holdings Group. - Made presentations and held discussions with BOD / “C” level executives on completion of audits. - Provided recruitment services to a number of clients by short listing and interviewing candidates for finance/accounts and internal audit positions. - Provided trainings to professional staff of the firm and also to clients on accounting/audit related matters. Show less



KPMG, Kuwait

• Kuwait
• Financial Services
• 100 - 200 Employee

• Manager Audit

  • Oct 1997 - Mar 2002

  DESCRIPTION - Providing professional services to a portfolio of external/ internal audits clients and also to tax clients - Managing multiple engagements with challenging deadlines - Managing, motivating and developing professional staff - Exploring opportunities of cross selling of services provided by the firm - Managing strong client relationships - Fee recoverability from portfolio of clients - Maximising fee opportunities from portfolio of clients. ACHIEVEMENTS - Functioned as Risk Manager and Quality Performance Review Manager for Kuwait office. - Managed portfolio of internal and external audit clients, which included banks, financial institutions, insurance company, petrochemical company, trading companies, etc. - Managed tax related matters for foreign companies (preparation and submission of tax declaration, corresponding with the tax authorities, assisting tax officers in carrying out inspection of books and records, meetings with tax authorities). - Carried out detailed internal controls evaluation of banks; prepared reports in accordance with requirements of Central Bank of Kuwait. - Made presentations and held discussions with BOD / “C” level executives on completion of audits. Show less



Price Waterhouse, New Delhi

• Asistant Manager - Audit

  • May 1995 - Sep 1997

  DESCRIPTION - Providing professional services to a portfolio of external/ internal audits clients and also to tax clients. - Managing multiple engagements with challenging deadlines - Managing, motivating and developing professional staff. - Managing strong client relationships. ACHIEVEMENTS - Managed a portfolio of internal and external audit clients. - While on deputation to Price Waterhouse Llp, Houston, USA from Jan to Feb 1997, worked for companies engaged in the business of extraction of oil and gas and related activities. - Conducted statutory audits, tax audits, and certification jobs for various multinational companies, large Indian industrial houses and public sector undertakings. - Carried out Share Valuation and Due Diligence work for multinational companies and large Indian industrial houses. - While on deputation to Smith Kline Beecham, managed entire accounting work. Show less



AF Ferguson & Co. New Delhi (KPMG Affliliate)

• Assistant Consultant

  • Feb 1993 - Apr 1995

  Similar to the job with Price Waterhouse, New Delhi. Similar to the job with Price Waterhouse, New Delhi.



C S Bhatnagar and A R & Associates

• Articled Clerk / Audit Trainee

  • Aug 1988 - Jan 1993

  Three years of Articled Clerk training with practising auditing firm as required by Institute of Chartered Accountans of India. Subsequently worked as Audit Trainee until qualified as Chartered Accountant in January 1993... Three years of Articled Clerk training with practising auditing firm as required by Institute of Chartered Accountans of India. Subsequently worked as Audit Trainee until qualified as Chartered Accountant in January 1993...