Rami Sharobeem, GFC

Experience

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  BDO Burgan International Accountants

  Dec 2002 - Mar 2008

  Sr. Auditor

  Mainly the job was focused on issuing financial statements. Worked on more than 15 clients. Mainly the companies that were audited by myself were medium sized companies with revenue more than KD100,000 and less than KD250,000. The job also involved advising management on improvements to its systems, and procedures.

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  KPTC - Kuwait Public Transport Company

  Mar 2008 - Sept 2008

  Internal Auditor

  Provide both management and the audit committee with an opinion on the internal controls in the Company. Conducted management, operational and financial audit projects according to the yearly audit plans in all areas of the Company. Prepared recommendations for all levels of management, considering materiality, pertinence and documentary evidence. Presented to management the results, recommendations and conclusions of audit reviews.

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  Deloitte

  Sept 2008 - Feb 2009

  Internal Audit

  Develop Audit Committee, Board of Directors and Executive Committee charters. Preparation of audit planning documents. Evaluation of the process system to determine efficiency & effectiveness including gathering information on process under review, assessing and analyzing risks.

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  KPMG Advisory

  Aug 2009 - Aug 2011

  Internal Auditor

  Establishment of risk based audit programs.Conducting kick off and exit meetings with process owners and client management.Conducting interviews with process owners and collection of significant client information to obtain process understanding.Scope development for operational and financial audit projects along with selection and development of appropriate audit steps necessary to promote effective audit coverage subject to manger approval. Analyzing, testing and reviewing of systems, policies, procedures, and transactions implemented / followed by the auditee to ensure compliance with management set policies and procedures and ensure that an adequate internal control system is in place. Review internal controls to identify weaknesses.Analyzing risks pertaining to the process under review Provide both management and the audit committee with an opinion regarding the adequacy, efficiency and effectiveness of the internal controls throughout the Company in general and in the departments specifically, through the preparation of reports that include the findings / deficiency and providing recommendations and monitor management's response and implementation. Preparation of audit reports in line with KPMG standards for internal audit reports Updating and informing the Audit Committee of internal audit clients through the preparation and utilization of presentations on the status of the internal audit work, including final reports issued and pending reports, difficulties encountered during the fieldwork etc. Performed and contributed to an independent Strategic Performance Review of internal audit department of a well reputed Company in Kuwait, which is necessary in fulfilling the International Standards for the Professional Practice of Internal Auditing which requires an external quality assessment review to be conducted at least once in every 5 years Show less

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  Commercial Facilities Company

  Aug 2011 - Sept 2013

  Head of Compliance & Risk Management

  Identify business key risks and mitigating factors and controls by developing an organization-wide Risk & Control Matrix (RCM) and conducting regular updates to reflect technical and market developments.Review, revise and amend department policies and procedures manuals of all processes to ensure that the same is in-line and in accordance to regulatory requirement, laws and the approved business strategy.Preparing regulatory and procedural GAP analysis reports comparing current practices & policies & procedures with regulations and laws to determine & identify process inefficiencies & ineffectiveness.Recommend mitigating action plans & timeframes to close process and regulatory gaps.Drafting Compliance, AML/CFT and Corporate Governance policies & procedures manuals in-line & in accordance to internal mandates, local & international laws & regulations and best practices.Preparing training programs and materials to Company staff regarding compliance, AML & corporate governance issues to raise staff awareness and knowledge and the development of AML risk assessment frameworks.Establish the Organization-wide Corporate Governance framework including the development of C-Level charters, policies for the Code of Ethics & Conduct, internal audit and client confidentiality.Advise Senior Management on regulatory issues prior to launching new products.Prepare and develop risk - based compliance audit programs incorporating regulatory requirements, AML measures, and extent of internal control sufficiency and the likelihood of business and non-compliance risks. Conduct comprehensive quarterly compliance risk based audits on client files ensuring compliance with both regulatory requirements and internal mandates. Perform investigations and special projects at the request of senior management and the Audit Committee  Advising business units & departments on AML regulations and general AML/CFT queries.  Monitoring and investigation of escalated alerts Show less

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  First Securities Brokerage Company (Oula Wasata)

  May 2014 - Sept 2015

  Head of Compliance & Risk Management & MLRO

  Founded & established the fundamental activities and functions of the department, defining the scope of work and department authorities along with determining its roles & responsibilities towards the strategic, operational & business processes of the Company; Incorporated an ERM program identifying and assessing inherent and emerging, regulatory and operational risks creating sufficient controls for all business units.Defined the long & short term compliance objectives and provided on-going feedback to the Board & Senior Management Formulated the risk management methodology outlining risk identification, assessment, analysis, grading and mitigation, in addition to determining the risk appetite. Formulated the compliance methodology determining compliance risks, preparing compliance programs, self-assessment processes, and establishing roles & responsibilities of department staff. Established the Corporate Governance framework including the preparation of all C-Level charters along with other corporate governance documentsCreated various risk management & assessment matrices in-line with regulatory requirements contributing to the facilitation of the compliance program of the Company. Established & developed a tailored risk based monitoring system including the development of red flags' criteria, transaction tracking and reporting formats. Created various risk based compliance audit programs addressing the various areas of regulatory compliance along with conducting quarterly audits for verification & assurance. Formulated & introduced new periodic reports such as; financial measuring of employee achievements, budget variance analysis, investment performance, implementation time-frames & completion ratios to close gaps. Periodic reporting to Board on status of recommended corrective actions. Developed & provided various in-house training materials and sessions for staff addressing AML/CFT, regulatory compliance & risk management Show less

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  Amwal International Investment Company

  May 2016 - Dec 2021

  Compliance Manager and Board Secretary

  Positioned compliance as the fundamental center of excellence, defining objectives, and operations through: Developing and deploying a comprehensive multi-jurisdictional, group-wide risk-based compliance monitoring program and plan encompassing compliance with internal, regulatory and legal mandates; Evaluation and communication of new regulatory changes and/or mandates to leadership (“Senior Management and Board of Directors”), collaborating with department heads facilitating adoption and implementation plans, ensuring an effective compliance status across group companies; Monitor and review business operations identifying areas of compliance vulnerability and risks along with interacting, collaborating and partnering with cross-functional teams at all levels of management and geographies to communicate and formulate appropriate actions; Influencing leadership and business heads implementing remedial corrective action plans that align and support the long-term objectives and strategy of the company. Oversight of implementation for on-going regulatory and legal mandates & obligations across group companies in various jurisdictions Manage regulatory relationships and work with internal stakeholders to lead the development of regulatory responses to regulatory inquiriesLead discussions around internal control with leadership and various stakeholders bringing structure, understanding, and clarity from a regulatory and internal control perspective. Providing practical insights to leadership on regulatory and legal mandates including mandated public disclosures, along with delivering on-going compliance support advice to affiliate entities’ leadership. Show less

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  Noor Financial Investment Company KSCP (Official)

  Dec 2021 - now

  Head of Compliance and AML