Risk Management Internal Audit

Mostafa Abd El-Monem, CIA

E-mail: ********@*****.***

Mobile Phone: Egypt: +2-010*-***-****

Sample Achievements:

*- ********* ********** ******** ***** into a well-structured and successful profit centers. 2- Provided Risk Management Consultancy to Abu Dhabi Government, including establishing the Enterprise Risk Management Framework, training and implementation. 3- Revenue Assurance & Enhancement. Improved collections, reduced A/R cycle & efficient credit policy. 4- Cost Management & Leadership across many firms & business environments and enhanced bottom line results. 5- Effective planning, budgeting and performance monitoring process. 6- Established and Managed a robust Internal Audit function in Citibank Egypt and enhanced the overall control environment that helped achieve the business objectives. Successfully implemented and managed the RCSA System. 7- Contributed to the launch of new products aiming to grow the business and improve profitability & portfolio. 8- Contributed to business expansion strategy and implementation plans. 9- Setup Greenfield operations in Finance, Internal Audit, Risk Management & Compliance. Professional Certification:

Certified Internal Auditor (CIA) – The Institute of Internal Auditors, Florida - USA Professional History

Group CFO – Maritime & Oil Services Group (EMEA)

June 2022 - Present

Group CFO - Educational Consultancy & Management Group – Egypt February 2021 – August 2021

Head of Internal Audit – Acrow Formwork Technology – Egypt June 2019 to April 2020

Group Finance Director – H. Abdul Latif Jameel Group - KSA June 2015 to January 2017

- HALJ Group is a group of companies, with headquarters in Jeddah, KSA and businesses around Europe, Africa, Middle East & Far East. The Group comprises 35 legal entities across these locations.

- Main activities are: Investments, Property Development & Management of specialized and mixed-use developments, including residential, commercial, retail and hospitality activities.

- Main achievements during my assignment includes, but not limited to: Introduction of new policies & procedures for Finance, Construction & Property Management functions. Improved internal controls and cost management. Advanced financial reporting & MIS. Financial Statements clean-up and loss recovery. Assessing the feasibility of new investments & acquisitions. New ERP search, selection and implementation. Compliance to all regulatory & statutory requirements, including audits and tax reporting. Profile

A highly motivated professional with extensive experience in Finance & Audit with reputable multinational and regional firms. Exposure to diverse industries including Banking & Financial Services, Constructions & Property Development & Management, Media, Manufacturing, Education, Maritime Services, Research & Consulting.

Strong emphasis on business growth and profitability with a long track record of improving the operations, controls, growth and financial results. Significant achievements in various business functions including Finance Management & Control, Planning & Analysis, Cost Management, Internal Audit, Compliance and Risk Management. Career Objectives

To join a professional management team and participate into adding real value to the business, utilizing my knowledge & experience.

Business Risk Consultant, Grant Thornton UAE (Dubai). January 2014 till June 2015

Duties & Responsibilities:

Providing clients with professional services in the following areas: 1- Internal Audit Services.

2- Enterprise Risk Management.

3- Development of Policies & Procedures.

4- Internal Control Systems, Analysis & Design.

5- Regulatory Compliance Services.

Sample Clients: Abu Dhabi Government, Rotana Hotels Group, Bukhatir Group (Constructions). Finance Director, Nielsen, Egypt

August 2011 to January 2013

Duties & Responsibilities:

• Full responsibility of the finance function, including planning, budgeting, control & reporting.

• Improve management reporting to meet operational & strategic requirements.

• Compliance with local & regional reporting requirements.

• Improve internal processes and controls.

• Revenue assurance & collection management.

• Cost management & leadership.

• Profitability enhancement.

• Support the Management Team to drive change to achieve the business targets and the growth plans.

• Drive the planning & budgeting process with the department heads.

• Effective cash flow management.

• Additional Role: Certified Finance Trainer for Nielsen offices in the MENA Region. Head of Compliance, Global Investment House, Egypt January 2009 to July 2011

Global Investment House Egypt is a subsidiary of the Kuwaiti-based “Global Investment House”. Egypt operations include Investment Banking, Asset Management, Wealth Management, & Securities Brokerage. Duties & Responsibilities:

• Setting new policies & procedures to implement an efficient compliance function within the company.

• Identifying changes in regulations and standards and assess the impact on business operations.

• Ensuring that all applicable laws & regulations are communicated & adhered to by all relevant business functions.

• Provide a proactive and consultative advisory service to staff on compliance related issues.

• Conduct compliance monitoring and reporting activities in coordination with the business units.

• Designed operational framework that ensures regulatory compliance requirements are fulfilled.

• Review marketing, advertising & communication plans in addition to reviewing new products programs.

• Observe Corporate Governance: Compliance with Capital Market Authority (CMA) laws & regulations.

• Application of AML guideline.

Vice President, Business Planning & Analysis

Citibank N.A. – Global Consumer Bank, Egypt.

January 2007 till January 2009

Duties & Responsibilities:

- Work closely with the business in setting and implementing business strategy, assessing the viability of new products and analyzing current product performance with the objective on improving business profitability.

- Coordinate and manage the planning/ forecasting process for the Consumer Bank.

- Analyze and manage expenses. Analyze trend data and identify cost savings opportunities to ensure meeting the expense budget.

- Leading the Cost Management Committee of the Consumer Bank to identify opportunities, manage implementation and report results.

- Establish and maintain appropriate internal controls.

- Develop and direct the implementation of strategic business and operational plans, projects, programs, and systems.

- Serve on planning and policy-making committees.

- Restructure of the Assets selling function of the Consumer Bank and present a new business model with an on-going monitoring and evaluation mechanism.

- Other duties as assigned.

Vice President, Branch Network

Citibank N.A. – Global Consumer Bank, Egypt.

November 2005 until December 2006

Duties & Responsibilities:

1- Sales and Relationship Management: New acquisition of Assets, Liabilities & Investments relationships. Introduction of new products and improve the branch portfolio.

2- Compliance & Control: Ensuring that all new relationships and transactions adhere to Citibank, local, US & international regulations and standards. This includes AML and other monitoring & reporting activities. 3- Service and Productivity: Ensure that operations and service activities are performed up to Citibank SOP’s and best practices, adding value to the clients and attracting new business. 4- Business Development: Planning of expanding the bank’s locations country wide. Introducing new products and services to improve the bank’s portfolio (qualitative & quantitative). Internal Audit Manager

Citibank N.A. – Global Consumer Bank, Egypt.

December 2004 until October 2005

Duties, Responsibilities & Achievements:

- Built and maintained a strong and robust Controls unit.

- Ensured a strong Risk & Control Self-Assessment process is in place that helps the business: a) provides a better service to existing customers through better process control, and: b) identifies and manages the risks associated with new product initiatives.

- Ensured a strong control environment is in place through training and communication within the organization.

- Ensured adequate knowledge of the Risk & Control Self-Assessment (RCSA) process across all organizational units.

- Identified possible control deficiencies by performing periodic audits as per the approved QA plan.

- Ensured timely and accurate escalation and reporting of all exceptions.

- Ensured adequate resolution of exceptions by validating issue closures with the concerned business units.

- Achieved satisfactory ratings for the QA unit in the annual ARR (Audit & Risk Review).

- Achieved an effective RCSA rating in the annual ARR.

- Participated in conducting periodic RCSA training for key members of the organization.

- Lead the monthly Business Risk, Control & Compliance Committee (BRCC) meetings where issues are raised and discussed with the business leaders.

- Ensured adequate coverage and follow up on all issues raised.

- Performed periodic risk-based audits as per the approved QA plan.

- Guided the organization on improving their RCSA process through training and RCSA reviews. Country Financial Controller

Showtime, Egypt

May 1999 to November 2004

Duties & Responsibilities Include:

- Overall responsibility for financial and accounting functions

- Day to day financial management overseeing the operations. Providing financial controls for the organization.

- Treasury management, cost control and review of all expense/revenue analysis.

- Design and implementation of financial processes, systems and business controls.

- Interpreting and communicating financial analysis and business information.

- Prepare periodic financial statements and reports outlining the company’s financial position.

- Coordination with sales, marketing and operations & HR departments to achieve the business objectives.

- Managing the company’s cash flows to secure optimum utilization of resources.

- Preparation of detailed budgets, forecasts and funding requirements.

- Identifying and developing proposals to promote the business and propose new business opportunities.

- Monitoring and analyzing operations with a particular emphasis on their financial impact on strategic growth. Chief Accountant, Kharafi Holdings Group - South Africa January 1995 to October 1998

Lines of Business: Constructions, Property Development, Manufacturing, Tourism & Hospitality. Responsibilities: Financial & management reporting, Internal Controls, tax, statutory & regulatory compliance, setting up new ventures & representing the group in Joint-venture committees. December 1992 to December 1994:

Auditor

Deloitte & Touche, Kuwait

Sample Clients: Kuwait Oil Company, Bank of Kuwait & Middle East, Rolls-Royce Agency. May 1991 to December 1992:

Auditor

Deloitte & Touche, Egypt

Sample Clients: Kuwait Airways, ZAS Airlines, Banque Misr, SAIB Bank, Repsol. Training Courses Attended:

• Certified Investment Consultant Program– Citibank N.A. – Cairo, January 2006.

• Risk & Control Self-Assessment – Citibank N.A. – Istanbul, Turkey - February 2005.

• Strategic Planning – American University in Cairo (AUC) – 2003.

• Project Management – Dubai, UAE - February 2002.

• Tax Planning - Price Waterhouse Coopers - Cairo – 2001.

• Deloitte & Touch: Audit Approach – Kuwait - 1993/1994.

• Arthur Andersen: Firm-wide Audit Staff Training School (Spain) & Industry Specific Audit Courses – 1991/1992.

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