Fred Monsour

*** *** ******** ****, **** Lee, NJ

201-***-****

Education:

B. S. in International Business

Certification:

(PMP) Project Management Professional

Profile: (US Citizen):

Established outsourced Internal Audit function for Arthur Andersen, prior to joining Ernst & Young. Moved to the Middle East in 2010 to establish outsourced risk consulting and internal audit function for PricewaterhouseCoopers.

Joined EDIC in 2017 to set up a Compliance, risk, internal audit and Quality Assurance function prior to joining Eltizam Asset Management Group as the Group Compliance & internal audit Director.

Managed diverse teams of IT systems designers, end users and satisfied all aspects of the UAT (user acceptance testing) for the PROP-EZY APP that was designed and created for Eltizam.

Submitted weekly status reports after creating a resource loaded master program schedule by work stream.

Ensured that the PROP-EZY app was linked to the SAP system and monitored implementation of the accounting module to allow on line payments.

Representative Projects that have been audited for more than USD 1 Billion

Supervised acquisitions of entities while at EDIC and Eltizam.

Managed Quality Audits at each of AMMROC’s fixed-wing repair facilities located at operating military bases across UAE; (31 platforms with planned & unplanned maintenance including back shops.

Evaluated all aspects of AMMROC’s Aircraft maintenance facility located in Al Ain, UAE, and GAL’s rotary wing aircraft maintenance facility within the UAE.

Audited Abu Dhabi Ship Building’s manufacturing boat yard located in Musaffah, UAE.

Developed process improvements, and quality enhancements at Emirates Precision

Industries’ aircraft parts manufacturing facility located in the UAE and at NIMR Automotive’s manufacturing facility.

Facilitated the small arms manufacturing of Caracal pistols in the USA.

Established the Risk management function and audited projects across the

Middle East on behalf of CCC and acted as DEPA’s outsourced Internal Audit

Managed projects in Africa, India, Morocco, Saudi Arabia, and the UAE.

Performed Risk Assessments and project audits for ADCO’s onshore oil.

extraction program, ADMA OPCO’s offshore oil extraction program, and Zadco

Well Head retrofit project in Abu Dhabi.

Evaluated 100% of Kuwait’s oil extraction program including early production.

facilities, gathering stations, and the installation of main oil lines across Kuwait.

Performed the risk assessment and acted as the Manager of the Internal Audit for the decommissioning of the Yankee Atomic Nuclear Power Program in the United States.

Executed the project management function for Seabrook Nuclear Power Plant in Seabrook, New Hampshire.

Audited the operational & financial aspects of Global Crossing’s underwater fiber optic internet installation program including regional offices in Bermuda, Los Angeles & Miami.

Professional Experience:

Eltizam Asset Management Group, Abu Dhabi, UAE Apr 2020 to Present

Group Director of Compliance, Internal Audit & Risk Management

The Group Director of Compliance and Governance established the compliance, risk, and internal audit functions. Tasks included risk assessments, investigations, audits, and UAE Central Bank AML screening of clients.

Established the Compliance, Risk Management, and Internal Audit functions before formalizing the QMS management system across the Group of companies/corporate departments at Eltizam.

Reviewed/established policies & procedures across functions including Facility Management, Property Management, Engineering, Regulatory Compliance, and Risk Management, and implemented a risk-based Contract Audit function.

Implemented the SCA’s Board of Directors’ Decision 7/Chairman of 2016 Institutional Discipline and Governance of Public Joint Stock Companies which was considered.

Establish ESG reporting for all companies within the group and manage the ICV Certification for selected group companies.

Manage the AML/FACTA risk assessment, and execute ESR & OFAC reporting via the

MOF Portal and create the Group Wide Code of Conduct & Ethics Policy.

Manage all company and corporate department monthly management performance reviews.

Act as the Program Manager on all Acquisitions, Joint Ventures, and Partnerships.

Perform independent investigations requested by the GCEO, Audit Committee, and Board of Directors.

Produce annual governance report.

Produce annual ESG report per ADX requirements & ensure compliance with ADAA.

Chairman Resolution 89 for 2021 & SAAR Regulations for External Audit.

Train all employees with a focus on Emirati Nationals working within the Group.

Emirates Defense Industries Company (EDIC), Abu Dhabi, UAE May 2017 to Dec 2019

Manager of Internal Audit & Quality Assurance and Compliance

Established the Internal Audit Function including all of the source documents required to satisfy an ADAA audit including a residual risk assessment of EDIC’s Group of Companies, a three-year Internal Audit Plan, and executing audits/Ad Hoc Investigations along with managing the Quality function at each company.

Executed audits of military manufacturing companies including NIMR Automotive’s heavy vehicle & light vehicle manufacturing program, precision-guided missiles, sub-machine guns, pistols, armored troop vehicles and ambulances, ammunition, and mechanized assault vehicles.

Audited all operational and financial aspects of two Maintenance, Repair, and overhaul facilities (Rotary wing including Sikorsky Blackhawk, Boing Apache, and Boing Chinook helicopters and fixed-wing aircraft including but not limited to 15 platforms such as Lockheed F-15 Block 60 fighter jets and Dassault Mirage jets, Archangel air tractors, A330 in flight fuel tankers, etc.

We verified delivery obligations on all military manufacturing contracts in terms of quality, factory acceptance, client satisfaction, etc.

We implemented ISO-9001-2015 certification across the group.

Managed the QMS system for NIMR Automotive located in Abu Reviewed process flow related to the manufacturing of heavy armored vehicles, jeeps, and troop carriers including traceability requirements, and communications upgrade program, and reviewed Quality verification of armored vehicles before delivery to the UAE Armed Forces.

Established an electronic database of specifications linked to contracts and manufacturing programs.

We reviewed and enhanced the General Motors Capital Appropriations Program which included shifting aspects of manufacturing from humans to automated robots.

Establish audit programs to ensure internal controls are functioning as intended, compliance with laws & regulations are being followed, etc.

Managing integrated teams to conduct IT & process audits at client sites including evaluation of internal controls.

Managed due diligence audits of acquisition targets across the Middle East including electronic data security, loan compliance/covenants, transaction banking, and financial crimes compliance.

Internal Auditors Association Standards & documentation within the Pentana risk software application.

COSO-2015 Internal Control Framework.

OFAC and FACTA, AML reporting

PricewaterhouseCoopers, Abu Dhabi, UAE Jul 2011 to May 2017

Director of Compliance & Risk Management

Sold, managed & executed engagements across Saudi Arabia & the Middle East, executed Enterprise-Wide Risk Assessments before developing one to three-year Internal Audit Programs based on residual risks in a variety of industries including.

Upstream and downstream Oil Extraction/Processing, Aerospace, Avionics, Manufacturing, Real Estate Development/Construction, and military ordinance manufacturing in addition to evaluating oil extraction programs in Turkmenistan.

Ernst & Young, LLP, USA Jun 2002 to Oct 2008

Senior Manager

Managed a team within the Real Estate Advisory Group and was responsible for global engagements which included outsourced project management, financial & contract administration functions related to Electrolux’s manufacturing plant expansion program in Juarez, Mexico, 3 luxury condominium hotel projects in New York City, and Johnson & Johnson’s biopharmaceutical manufacturing plant expansion program in Leiden, the Netherlands and in Pennsylvania

Arthur Andersen, LLP, Chicago, IL May 1998 to Jun 2002

Principal

Led a construction audit & outsourced project management function across the United States with the responsibility for all engagements within the real estate and construction industry including the outsourced project management, financial administration, and project control function for the Newark Airport expansion and the Houston Airport along with power plant audits for Alstom Power, Southern Company & Tampa Electric.

George B. H. Macomber Company, Boston, MA May 1980 to May 1998

Contract Administrator

Managed all financial & operational aspects of each active construction project and managed the facilities when the projects were owned by the Macomber family.

Representative projects included hospitals, schools, high-rise office towers, sports stadiums, roads, tunnels canals, etc. Drafted and signed all construction contracts.

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