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

Chief Financial Officer – Manufacturing

April 2025 till Present

Group CFO – Maridive & Oil Services Group (EMEA)

June 2022 till January 2025

Group CFO - Educational Consultancy & Management Group – Egypt

February 2021 till August 2021

Head of Internal Audit – Acrow Formwork Technology – Egypt

June 2019 till April 2020

Group Finance Director – Hadia Abdul Latif Jameel Group (HALJ) - KSA

June 2015 till 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.

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 till 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 till 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 till 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 till 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 till 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 till 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 till December 1994:

Auditor

Deloitte & Touche, Kuwait

Sample Clients: Kuwait Oil Company, Bank of Kuwait & Middle East, Rolls-Royce Agency.

May 1991 till 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.

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.

Contact this candidate