. Internal Audit . Regulatory Compliance . AML Compliance . IFRS . IT Audits . Process Improvement
PROFILE An accomplished executive with over 18 years of experience in leading successful internal audit, SOX reviews, risk management, anti-money launderingand regulatory compliance initiatives and functions combined with 6 years of credit experience. Expertise includes working with different and international organizations in Canada, USA, UK and UAE utilizing a positive, collaborative and pro-active style, working with audit committee members and senior management to monitor risk, governance and internal controls. KEY STRENGTHS Strong knowledge in regulatory compliance requirements in the Canadian and US financial sector (OSFI, FINTRAC, FCAC, OCC and FFIEC). Highly effective in coaching, directing, supervising and inspiring team members in achieving business and personal goals. Effective at building internal audit department with professional multi-disciplinary teams that delivered quality work on time & within budget. Excellent and effective report writing skills to stakeholders and the regulators.
Independent Risk and Regulatory ConsultantApril 2013- Now Working with different organizations to manage risks, improve control environment and comply with regulatory authorities, projects include the following:
Global Banking and Markets AML Consultant Scotia Bank (Contract)Dec 2018- May 2019 Achievements: Led a team of 12 AML analysts to remediate, review, complete KYC and assess clients’ risk for in GBM UK remediation project. Review and recommend process improvements for the implementation of same project in Canada. Assist in AML oversight initiatives such as developing procedures, global AML training assessment needs, off-boarding and alignment and improvements for the screening process at an enterprise level. Develop a road map for projects and initiatives led and assisted by the AML oversight including the required implementation actions, the expected implementation effort as well as FTE’s and timelines.
Internal Audit SME- Protiviti Consultancy(Contract)July 2018- Sep 2018 Achievements: Led a Corporate Governance Audit Review for a government agency. Met with Senior Directors to review the current structure and composition of the Board and Senior Executives Management. Assess management roles & responsibilities and the reporting mechanism to the Committees and Board. Developed risk and control assessment and identifying any gaps in accordance with the organization’s Corporate Governance Policy. Developed audit report with findings and recommendations to the Chief Internal Auditor.
Regulatory Risk Compliance Consultant Laurentian Bank (Contract)Sep 2018- Apr2018 Achievements: Developed process risk and control assessments for retail credit, investment and securitization processes. This includes identifying and evaluating risks and controls, assisting business lines in developing sound action plans to remediate identified deficiencies, and preparing executive summaries. Reviewed SOX reviews to identify some of the control gaps and align them with process risk and control assessment. Developed data loss collection and scenario analysis procedures in compliance with OSFI E-21.
AML & Compliance Consultant Shinhan Bank Canada (Contract)May 2017- Sept2017 Assisted the bank as an SME for anti-money launderingand regulatory compliance regulations.
Developed AML/ATF framework and methodology in compliance with OSFI B-8 guidelines “Deterring andDetecting Money Laundering and Terrorist Financing Developed procedures to assess inherent risks, control effectiveness and residual risk. Createdcontrol self-assessment procedure for the CAMLO Office. Developed the Annual CAMLO Report procedures, contents and templates to ensure full disclosure to theBoard and Regulators. Developed the Bank RCM policy and procedures in accordance with OSFI E13 “Regulatory Compliance Management”. Reviewed modules provided by Ethidex to ensure that the bank has subscribed to all the required modules; Created control testing procedures for the Compliance Unit to ensure that business units are complying with E-13.
Regulatory Compliance Consultant Royal Bank of Canada (Contract)May 2016- Mar2017 I led a team of eight financial analysts on a Basel II compliance project to collect historical data on commercial credit files to assess and determine the bank’s capital adequacy ratio. Achievements: Determined default dates, recoveries and losses to the bank to calculate both LGD and UGD. Developed data integrity and verification process to ensure accuracy and completeness of all files. Liaised with data management team and other related projects to validate attributes to develop the bank risk model. Performed data analytics to identify any inconsistency in the flow of information between different systems. Developed and ran training sessions on project changes for a team of 45 analysts and 20 quality assurance officers.
Senior Manager, AML Risk Methodology and FrameworkMay 2015 – Apr2016 BMO Financial Group Enterprise (Contract) Led and drove the successful development, maintenance and implementation of the AML/ATF risk framework and methodology which is used across all BMO entities. The framework includes inherent risk assessment, control effectiveness, residual risk and trend analysis. Achievements: Developed and drafted the framework and procedures for horizontal risk assessment methodology as required by OCC. Reviewed and updated Canada AML framework in compliance with the regulators (OSFI and FINTRAC). Reviewed and updated the AML/ATF Enterprise Risk Universe quarterly to identify all areas which are susceptible to AML risk. Communicated results of risk assessment to stakeholders and appropriate committees. Led an AML risk committee to align the risk scoring methodology and criteria between Canada and USA.
Assistant Vice President Operational Infrastructure and GovernanceApr 2013- Jan 2015 Home Trust- Toronto Led and developed framework and procedures for the Risk and Controls Self-assessment (E21) and Key Supplier’s Risk Management B10 as required by OSFI.
Achievements: Conducted workshops to assist and challenge Senior Management to complete and implement RCSA’s framework. Reported on RCSAs’ findings and action plans to the Risk Committee, President and CEO. Reviewed all NIRAP’s to ensure that risks were identified and assessed properly by the Accountable Executives. Developed procedure and conducted an assessment of HTC Key Supplier’s Risk Management and compliance with OSFI Guideline B-10. Assisted operational business units to ensure that all SOX review findings have been remediated as planned and on time. Developed and measured proactive indicators (KRIs and KPIs) and implemented across operations to develop a framework to enable efficient growth.
Head of Internal Audit Division and Audit Committee Secretary BML Subsidiary of BanqueMisrFeb 2008- Dec 2012 Successfully established and managed the Internal Audit Division. Developed and managed comprehensive operational, financially, IT, fraud and regulatory compliance audits. Achievements: Developed the internal audit charter and the internal audit policy manual. Led the identification and evaluation of risk assessment for the development of the Annual Audit Plan. Communicated observations and recommendations of audit reports to Senior Management, Audit Committee and Board to ensure effective implementation of recommendations. Directed the planning of individual audit assignments to ensure that professional standards were maintained. Guided auditors to ensure that the approved audit objectives were met and adequate coverage was achieved. Prepared staffing plans and financial budgets to ensure an adequate number of auditors with the knowledge, skills and disciplines required to achieve the approved plan. Participated and advised as a non-voting member on a few Committees such as AML/Compliance; IT Security Management, IT Development and Credit Risk Management.
Manager Business Risk and Internal Audit Ernst & Young Canada LLP- TorontoNov 2004- Dec 2007 Managed internal audit and SOX review projects for clients to improve performance and manage risks more effectively and efficiently. Projects were in different industries for major companies in Canada, Europe and USA. Achievements: Developed internal audit work programs for financial/operational and treasury processes to assess effectiveness of controls, accuracy of financial records and efficiency of operations. Advised and managed Sarbanes-Oxley reviews for clients and assisted in the certification process. Process included documentation of existing procedures, performing walkthroughs, testing controls and IT General Controls and making recommendations. (Great West Life, Canada Life(UK and Ireland) and MDC Partner Companies (Canada and USA) Teamed with clients on a project basis to offer insights on risks and controls related to business processes and application systems. Participated in performing audit procedures focusing on complex and/or specialized issues. Collaborated to plan engagement objectives and an audit strategy to comply with professional standards and appropriately address risk.
EDUCATION ICA Specialist Certificate in Money Laundering Risk- Capital Markets- 2015 Certificate of Internal Control Auditor (CICA), Institute of Internal Control- 2010 Certificate of Risk Management Assurance (CRMA), Institute of Internal Audit- 2012 Bachelor of Business Administration- York University (Toronto, Canada) - 1999
Training and Workshops- Toronto, Canada The New Imperative Risk Management Process Risk Services Methodology Overview Corporate Security and Fraud AssessmentFraud Risk Assessment AML/ATF Emerging RisksCOSO and COBIT Framework Planning Integrated AuditsVarious IAS, IFRS and IIA seminars and training Building a Better Internal Auditor Key CompetenciesBusiness Risk Services Core Skills Building and Maintaining a Robust FCPA Compliance Teammate and ACL audit application