Mohamed Hamouda
Chief Internal Audit
Cairo
Summary
Seasoned auditing professional with over 30 years of extensive experience knowledgeable about risk aversion strategies, cost reduction options and financial processes. Decisive and persuasive communicator with proven problem-solving, leadership and planning abilities.
Overview
30
30
years of professional experience
68
68
years of post-secondary education
1
1
Certification
Work History
Head of Operations Process Implementation
Tanmeyah Micro Enterprise Services
01.2024 - Current
- Collaborated with executive leadership on strategic planning initiatives to drive business growth.
- Implemented risk assessment procedures to minimize potential disruptions across all areas of operation.
- Leading establishment of a robust internal control framework, fostering a culture of continuous improvement and adherence to best practices in internal control methodologies.
- Ensure implementation of internal control measures to ensure that operations processes meet established standards and compliance requirements.
- Streamlined operational processes by identifying inefficiencies and implementing best practices.
- Automated manual processes using technology solutions, increasing accuracy and efficiency within operations.
- Maintains, update 100% of current knowledge of organizational and departmental policies and procedures.
Internal Audit & Internal Control Senior Director
Tanmeyah Micro Enterprise Services
12.2019 - 01.2024
- Follow-up implementation of internal audits over 350 branches and departments yearly, developing risk assessments and conducting process walkthrough for compliance with documented processes.
- Created an agile working environment, enabling rapid response to changing business needs without sacrificing quality or performance standards.
- Ensured timely completion of audits as per set deadlines while maintaining high-quality documentation supporting observations made during process.
- Safeguarded company assets by identifying areas of potential loss or misappropriation during audits, recommending corrective actions as necessary.
- Enhanced internal audit efficiency by implementing risk-based auditing methodologies and data analytics tools.
- Participated in cross-functional projects with other departments, providing expert advice on internal controls and risk mitigation strategies.
- Identified opportunities for cost savings by analyzing expense reports from different business units, leading to implementation of more efficient financial management practices within organization.
- Supported decision-making processes by presenting relevant audit findings to senior management in clear and concise manner.
- Streamlined audit processes by developing comprehensive audit programs and guidelines for various business units.
- Assisted external auditors in their work as needed; collaborating closely with them helped maintain cooperative relationships between both parties involved in auditing process.
- Conducted thorough investigations into fraud allegations, leading to swift resolution of incidents while minimizing financial losses.
- Reduced operational risks through regular audits, identification of process gaps, and providing actionable recommendations.
- Improved internal control systems by collaborating with management to design and implement robust policies and procedures.
- Increased transparency in financial reporting through meticulous examination of financial statements and ensuring adherence to GAAP standards.
- Helped establish robust internal audit function by developing policies and procedures that met regulatory requirements, fulfilled stakeholder expectations, and aligned with industry best practices.
- Structured annual audit plans taking into account organization's strategic objectives, risk factors, regulatory requirements, as well as input from various stakeholders including management teams at all levels within company hierarchy.
- Provided valuable insights into effectiveness of internal controls by performing detailed evaluations of business processes and systems.
- Developed strong relationships with key stakeholders across organization to facilitate open communication channels for addressing concerns related to governance, risk, and control issues.
- Promoted strong culture of compliance within organization by conducting training sessions on internal controls and ethical standards.
- Optimized resource allocation in audit projects through effective planning, scheduling, and prioritization of tasks based on risk assessments.
- Prepared working papers, reports and supporting documentation for Audit Committee.
- Cooperated with senior leaders to create operating budgets and initiate financial planning.
- Led creation of annual audit plan prioritizing high-risk areas, ensuring robust audit coverage across organization. This included management of large-scale audit projects, such as enterprise-wide risk assessments and audits of critical operational areas, ensuring timely and effective execution.
- Managing Internal Audit's annual risk assessment and enterprise risk planning process, ensuring alignment with organizational objectives and responsiveness to evolving risk landscape. Directly conducted audits in adherence to Audit Plan and professional auditing standards, maintaining proactive stance towards risk management.
- Led establishment of robust internal control framework, fostering culture of continuous improvement and adherence to best practices in internal control methodologies.
- Supervising production of all Internal Audit reports, emphasizing clarity, conciseness, and identification of root causes along with practical, actionable recommendations that add tangible value to management decision-making processes.
AVP& Principal Auditor – Internal Audit
Union National Bank - United Arab Emirates
04.2011 - 07.2019
- Follow-up implementation of internal audits over 350 branches and departments yearly, developing risk assessments and conducting process walkthrough for compliance with documented processes.
- Documented recommendations to improve internal controls.
- Identified and reported audit issues.
- Participated in special projects as requested by audit committee, providing subject matter expertise on internal controls and risk management practices.
- Investigated discrepancies discovered during auditing process.
- Provided valuable insights to Senior Management by presenting clear and concise audit findings, contributing to informed decision-making processes.
- Supported management in developing action plans to address identified issues, promoting timely resolution of audit findings.
- Assisted in preparation of audit reports that clearly communicated findings and recommendations to key stakeholders.
- Reviewed and identified risks, analyzed controls and tested compliance.
- Evaluated compliance with regulatory requirements, mitigating potential risks and protecting organizational reputation.
- Guided departments in developing remediation plans based on audit findings and recommendations.
- Developed strong working relationships with external auditors, facilitating efficient communication during annual audits.
- Evaluated company's policies to determine how well standards adhered to best practices.
- Assisted in development of company policies and procedures, promoting strong internal control environment.
- Enhanced internal control systems by conducting thorough risk assessments and implementing effective audit recommendations.
- Prepared and distributed risk and audit reports to appropriate personnel.
- Collaborated with cross-functional teams to design and execute comprehensive audit plans, ensuring alignment with company objectives.
- Improved operational efficiency by identifying and addressing financial discrepancies through meticulous examination of financial records.
- Conducted training sessions for staff members on best practices in internal auditing, fostering culture of continuous improvement.
- Improved compliance with regulatory standards through meticulous internal policy reviews and updates.
- Supported strategic decision-making by providing senior management with actionable insights from audit findings.
- Improved operational effectiveness, analyzing and recommending optimizations for processes.
Senior Officer-Internal Control, Compliance Office
Union National Bank - Egypt
11.2002 - 04.2011
- Optimized resource allocation for audit activities through careful prioritization based on risk exposure levels, maximizing return on investment from internal audit functions.
- Led the development of a comprehensive risk assessment framework that enabled proactive identification of emerging threats to the organization''s objectives.
- Coordinated cross-functional teams to identify opportunities for streamlining processes, thereby reducing costs and improving productivity.
- Advised management on potential improvements to company-wide policies and procedures, driving continuous improvement within the organization.
- Supported fraud investigations through meticulous analysis of financial records and documentation, ultimately leading to swift resolution of cases where misconduct was detected.
- Coordinated with external partners such as banks and law enforcement agencies to address money laundering issues in a collaborative manner.
- Leveraged data analytics tools for identifying patterns indicative of suspicious activities or transactions requiring further investigation.
- Delivered targeted AML compliance training sessions, increasing employee awareness and understanding of key requirements.
General Accounts Officer
Alexandria Commercial & Maritime Bank
06.1994 - 11.2002
- Updated general ledger of accounts with current, accurate and industry-compliant data to meet all internal and external audit requirements.
- Overhauled process for year-end inventory audits to improve accuracy.
- Developed strong relationships with external partners such as banks and vendors to facilitate smooth transaction processing on behalf of the company.
- Communicated and resolved disputes with clients.
- Supported bank management with insightful data analysis, facilitating informed decision-making on key strategic initiatives.
Education
Bachelor of Commerce - Accounting
Alexandria University
Alexandria 05.1993 - 12.2060
Skills
Languages
Arabic
Native language
French
Proficient
C2
English
Proficient
C2
Software
Microsoft
Teammate
Oracal
CRM
Certification
Certified Financial Crime Specialist
Timeline
Head of Operations Process Implementation
Tanmeyah Micro Enterprise Services
01.2024 - Current
Internal Audit & Internal Control Senior Director
Tanmeyah Micro Enterprise Services
12.2019 - 01.2024
Certified Financial Crime Specialist
05-2019
AVP& Principal Auditor – Internal Audit
Union National Bank - United Arab Emirates
04.2011 - 07.2019
Senior Officer-Internal Control, Compliance Office
Union National Bank - Egypt
11.2002 - 04.2011
General Accounts Officer
Alexandria Commercial & Maritime Bank
06.1994 - 11.2002
Bachelor of Commerce - Accounting
Alexandria University
05.1993 - 12.2060
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