Internal Audit Assistant Manager

ASAD MAHMOOD

(ACCA, CICA, BS - UK)

Phone +*** - 33104187

Email ****.*********@*******.***

Resident: Building Grand Venice, Amwaj

Island, Bahrain.

BACKGROUND

Qualified, experienced, and result oriented Internal audit professional holding a bachelor’s degree in applied accounting from Oxford Brookes University - UK, and Member of a professional Accountancy body Association of Chartered Certified Accountants

(ACCA-UK), with 10 years of relevant professional experience in the field of Internal auditing with multinational audit firms EY, RSM, GT and currently working as Assistant Manager Risk Advisory Services at Grant Thornton – Bahrain Office.

Experience in the risk assessment of Enterprise risk management processes including Strategic Planning & Corporate Governance, Sales & Receivables, Procurement to Payment, Capital Expenditure, Warehouse & Inventory process, Marketing, HR & Payroll, Finance & Accounting, Information Technology Credit & Collection Operations, Compliance and Anti – Money Laundering audit.

Internal Audit Engagement lead for managing team, maintaining client relationships, and presenting audit findings

purpose.

Hand-on experience of presenting Internal audit reports at the Audit committee level.

Completed Professional Studies from Kaplan Financial UK – Brough High Street – London. ACADEMIC BACKGROUND & PROFESSIONAL QUALIFICATION

Course Institutes / University Status Year

Bachelors Applied

Accounting - UK

Oxford Brookes University

United Kingdom

Passed

2012

ACCA – UK

Chartered Certified

Accountant

Qualified Member 2016

(Membership #

1932641)

PROFESSIONAL EXPERIENCE

KEY RESPONSIBILITIES

Assistant Manager (Risk Advisory Services)

January 2022 till present.

Performed Internal auditing engagements for wide sectors of clients including both Financial and non-financial sector clients.

Managed team of consultants and supervised them to meet audit committee expectations, to ensure quality in deliverables.

Performed risk assessments and prepared Internal audit plans.

Drafted and finalized audit programs across all functions (Sales & Receivables, Procurement, HR, Operations, Compliance, Marketing, Warehouse, Inventory, Legal & Admin process, Finance & Information technology, and money Laundering reviews).

Reviewed work papers and performed necessary procedures to improve audit quality and add value to the stakeholders.

Drafted and finalized Internal audit reports for Partner’s review.

Prepared resource budget and performed optimal resource planning to achieve targets such as timely completion of audit within budget.

Lead exit meetings to present audit findings to client’s management & agreed on action plans & timelines for implementation.

Presented Internal audit final report at the Audit Committee Level.

Provided training to junior staff on internal audit execution and methodology.

Achieved annual business development target for the service line. Supervisor to Assistant Manager (Risk Advisory Services) January 2018 till December 2021

KEY RESPONSIBILITIES

Engagement lead of Internal audit clients and responsible for the complete internal audit cycle of audit deliverables.

Performed risk assessment for Internal Audit plans for different sector clients.

Prepared and finalized Internal Audit Plan for Partner’s review and onward submission to audit committees.

Identified control weaknesses and recommended better control practices against Financial, operational, and compliance risks.

Drafted and finalized report for Partner review and onward submission to client’s audit committee.

Discussed the audit findings with the client’s management & agreed on action plans & timelines for implementation.

INTERNAL AUDIT ENGAGEMENTS

Performed and supervised the Internal Audit engagements of the following Business processes:

Sales & Receivables process

Procurement to Payment

Marketing (Media Audit)

Warehouse and Inventory Management

Variation Order Audit

Human Resources and Payroll

Capital Expenditure

Financial Statement Process

Compliance Process

Performed Regulatory - AML Audits & Operational reviews

Information technology

Review Implementation.

PERFORMANCE IMPROVEMENT/ GAP ANALYSIS

GAP Analysis: Benchmarking current processes with best practices across different industries and recommending improvement ideas to streamline business processes for efficiencies and better control environment to avoid errors and mitigate frauds.

POLICIES AND PROCEDURES ENGAGEMENTS

Reviewed policies and procedures for different sector clients against best practices and compliance requirements.

Using VISIO for As - Is process understanding, Identifying GAPs, and recommending better controls, across entity-wide business processes for To-Be-process.

Reviewed Policy and Procedures for different business processes against best practices of Industry.

Performed Anti – Money Laundering – AML Audits for Financial institutions as per Central Bank of Bahrain’s- Financial Crime Module. Advisory Associate to Supervising Consultant (Risk Advisory) December 2013 – November 2017

KEY RESPONSIBILITIES

Documentation of internal control system in the form of process narrative and flowcharts.

Performing risk assessments and preparation of risk control evaluation document by considering both entity and industry specific – Risk and Control Matrix (RACM).

Identified gaps and recommending controls against Financial, operational and compliance risks.

Prepared audit plans by incorporating audit tests, test objectives, test results and conclusion drawn.

Prepared audit working papers in accordance with the audit plans and with EY Global methodology.

Drafted and finalized Internal Audit reports for Senior management.

Engagement lead of audit and review assignments, lead team of 6-8 staff and provided necessary training to them.

SECTORS CLIENTS NAME

Travel and Aviation

Gulf Air Group – Bahrain – Internal Audit (Government Entity) AlMoayyed

International Group

- AIG

Seconded for Internal Audit Services at AIG Group. Financial

Service Banks,

Insurance,

FinTech.

EBDAA Microfinance Bank – Internal Audit

Travelex – Bahrain – Regulatory review

(STCPay) FINTECH Internal Audit

SADAD Payment Services - FINTECH – Internal Audit

United Insurance – Bahrain’s Premium Vehicle Insurance company – Internal Audit

Esterad Investments BSC – Internal Audit

NEC Bahrain – Money Exchange – Internal Audit

BFC Payments Bahrain – Internal Audit

Capital Growth Management Bahrain– Regulatory review Hospitality Sector

Rotana Hotel – Bahrain – Internal audit.

The British Club – Bahrain – Review of policies & procedures. Fast Moving

Consumer

Goods (FMCG)

Maskati Brothers – Bahrain – Internal Audit

English Biscuits Manufacturers - Internal Audit.

Unilever PLC – Internal Audit

Pharmaceutical GSK - GlaxoSmithKline Ltd – Internal Audit. Textile GulAhmed Textile Limited – Internal audit

Feroz1888 Limited – Internal Audit

Oil and Gas Bakri Oil Trading Company. Internal Audit

Helmerich & Payne Rasco-Foreign Branch of USA Company Internal Audit. KEY ACHIEVEMENTS

Consecutive 4 Promotions at Ernst & Young.

Pivotal in business development and referred clients to the firm and contributed in the firm’s growth objective.

Seconded to AL-Moyed International Group - AIG Bahrain for performing Internal Audit.

Potential savings recommended to the client during an internal audit of the Procurement process.

PERSONAL TRAITS

Confident, Enthusiastic, Friendly and Helpful.

Committed to delivering an unparalleled level of client service.

Respectful and courteous to clients and colleagues.

Honest with high levels of integrity.

Adaptable to working in a multicultural environment.

Self-reliant.

Meticulous.

Actively takes part in social charity projects and is currently a member of Child Life Foundation

(CLF) & Patient Aid Foundation.

Likes to play Table Tennis, Swimming, and listen to music.

Achieved all the KPIs such as Resource utilization, Business Development, Quality deliverables, and High Margin on audit engagements, Completed all engagements within budgeted time.

Identified Money laundering during Anti Money Laundering Audit.

Identified spots of advertisement not aired on TV during an internal audit of the Media process, which resulted significant savings to the client.

Identified significant overconsumption of raw material in the Production process, resulting in significant savings to the client.

Identified machine inefficiencies in the Internal audit of the Production process resulting in savings to the client.

Identified Fraud during internal audit engagements.

Identified key observations in the Collection Cycle of a bank, resulting in the timely collection of receivables

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