Muhammad Bilal S.

Experience

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  KPMG

  Sept 2006 - May 2011

  Audit Senior

  • Engagement Planning and Supervision• Managing Client Relationships• Coordinating with professionals of various fields like, legal, actuarial and IT experts and decision making for resolution of critical reportable matters.• Assist clients in preparation of financial statements in accordance with the financial reporting frameworks .• Drafting of Reports and management letters highlighting internal control weaknesses and risk involved.• Business improvement points and suggestions.• Supervising, coordinating and appraising work of support staff and ensuring that audit objectives are efficiently achieved within the agreed time scale.• Executing audit procedures {including analytical review procedures} in accordance with the International Standard on Auditing.• Evaluating internal control systems, identifying control weaknesses and making appropriate recommendations to the management. Show less

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  Deloitte UAE

  Mar 2014 - Aug 2019

  Assistant Manager

  Played a significant role as an assistant manager at audit & assurance services group of Deloitte, involved in engagement management, deliverables review, team leadership, and client relationship building. Acted as a team leader at internal control assignment for Abu Dhabi National Oil Company (ADNOC).Directed various assignments of varying aspects, such as audit and assurance, agreed-upon procedures, and leading special investigative and compliance audits. Reviewed and prepared financial statements containing significant information about a company's financial health as well as designed and documented business processes for creating a new process from scratch. Presented firm in audit committee and other executive committees of clients to provide oversight of the financial reporting process, the audit process, the company's system of internal controls, and compliance with laws and regulations. Created and offered an interactive presentation on firm audit methodology and International Financial Reporting Standards.Key Contributions:- Took part in management consultancy projects to offer expert advice and opinion on the clarification and application of corporate laws and international financial reporting standards.- Managed a wide portfolio of clients in construction, manufacturing, retail, and service industries for determining a client's appropriate level of risk based on the client's time horizon, risk preferences, return expectations, and market conditions.- Accomplished various end-to-end financial audit and assurance projects within a defined timeframe and allocated budget at leading companies in Saudi Arabia.- Supervised firm internal quality assurance reviews to enhance the effectiveness, quality, and value received from an internal audit.- Received letter of appreciation from the client and firm due to hard work and exceptional client services. Show less

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  Memaar Building Systems FZC (Wholly owned by Emaar Industries and Investment)

  Aug 2019 - now

  Internal Audit & Risk Manager

  Formulate an effective risk-based internal audit plan with the collaboration of senior management staff that links an organization's overall risk management framework and provides an assurance to the board of directors and the senior management on the quality and effectiveness of the organization's internal controls, risk management, and governance. Implement internal audit plan within approved timeline after obtaining approval from the board for dealing with business understanding, risk assessment procedures, and planned audit procedures. Create a detailed and accurate internal audit report with the formal results of an audit and delivered to the management and board. Hold accountable for the monthly reporting to the Emaar group, quarterly to the board, and audit committee about scope creep, risks to the schedule, budget, or resources, and other issues. Evaluate internal controls deficiencies, read field audit results, and conduct root cause for determining issues. Compose audit working papers in line with departmental standards and manual to successfully complete the audit work and facilitate the audit finding and suggestions to managementKey Contributions:- Devised an overall risk management framework for the company for protecting against potential losses of competitive advantage, business opportunities, and even legal risks.- Recognized the tops risks and reported to the board and management team for the assessment and mitigation of risk by producing appropriate solutions.- Built functional risk registers for identifying potential risks in a project or an organization a to fulfill regulatory compliance.- Offered value-added recommendations to management regarding process controls and business practices for operational and quality effectiveness, business risks management, and effective corporate governance. Show less

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  EII Capital

  Jul 2022 - now

  Head of Internal Audit

  I am the Head of Internal Audit at Emaar Industries and Investments (EII Capital), located in Dubai, UAE. EII Capital is an affiliated Private Joint Stock Company of Emaar Properties. Emaar Properties is renowned as one of the largest real estate developers in the UAE, recognized for monumental projects like the iconic "Burj Khalifa," the world's tallest building, and the expansive "Dubai Mall," the world's largest mall. Additionally, I was tasked with establishing and overseeing the risk departments of two subsidiaries within the holding company. Show less