Amjad Elbayaydah
Senior Internal Audit Expert
Riyadh
Summary
A professional Internal Auditor with more than 23 years of experience in planning, directing, and executing operational, financial, compliance, and information system audits.
Seasoned auditing professional knowledgeable about risk aversion strategies, cost reduction options and financial processes. Decisive and persuasive communicator with proven problem-solving, leadership and planning abilities. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Overview
24
24
years of professional experience
2
2
Languages (Arabic & English)
Work History
Senior Internal Audit Expert
STC
Riyadh
06.2021 - Current
- Draft the Board Audit Committee's agenda (quarterly/annually) and prepare the Internal Audit's materials
- Identify and analyze the major risks surrounding the company's major business units, functions, and update the Risk Taxonomy
- Develop an Assurance Map and Risk-Based Audit Plan and monitor execution
- Communicate the Internal Audit conclusion on Risk, Governance, and Control to the Audit Committee
- Develop internal audit strategy, policies, procedures, and methodology according to the best practices and business needs
- Develop the Internal Audit Competency Framework and train auditors
- Review other assurance activities to ensure efficiency and effectiveness
- Assess the requirements of each audit engagement and determine essential resources.
- Provided valuable insights on business operations through detailed data analysis and risk assessments.
- Assisted senior management in developing risk management strategies by presenting findings from internal audits and recommending corrective actions.
Internal Auditor Expert
STC
11.2018 - 06.2021
- Bolstered confidence among stakeholders by maintaining open lines of communication regarding audit progress and results.
- Mentored junior auditors, cultivating a high-performing team capable of delivering exceptional results under tight deadlines.
- Improved corporate governance by thoroughly reviewing existing policies and offering actionable recommendations for enhancements.
- Ensured timely completion of all assigned projects by effectively prioritizing tasks and managing available resources.
- Evaluated company policies and procedures, identifying opportunities for enhancing compliance with regulatory requirements.
- Implemented best practices in audit methodologies, boosting the effectiveness of internal audit programs.
- Streamlined audit processes for increased efficiency, leading to reduced time and resources spent on audits.
- Identified critical business risks through in-depth analyses, providing valuable insights to executive leadership.
Senior Internal Auditor Advisor
STC
02.2014 - 11.2018
- Ensured compliance with regulatory requirements and company policies through meticulous audits and effective communication with management.
- Participated in the development of the company''s enterprise risk management framework, assisting with the identification and prioritization of key risks.
- Presented clear, concise audit findings to senior management, offering actionable recommendations for improvements.
- Supported continuous improvement initiatives by collaborating with cross-functional teams to identify opportunities for process optimization.
- Enhanced operational efficiency through the development and implementation of risk-based audit plans.
- Mentored junior auditors, providing guidance on best practices in internal auditing and encouraging professional development.
- Streamlined audit documentation processes by implementing new software solutions that increased efficiency without sacrificing quality or accuracy.
Internal Audit Advisor
STC
02.2010 - 02.2014
- Provided valuable insights to management by presenting clear and concise audit findings, contributing to informed decision-making processes.
- Participated in special projects as requested by senior leadership, providing subject matter expertise on internal controls and risk management practices.
- Performed detailed reviews of business processes to identify opportunities for cost reduction and process optimization.
- Conducted training sessions for staff members on best practices in internal auditing, fostering a culture of continuous improvement.
- Developed strong working relationships with external auditors, facilitating efficient communication during annual audits.
Internal Audit Manager
Al Othaim Holding
02.2009 - 02.2010
- Manage, direct, and coordinate the activities of the Internal Audit Department (14 staff).
- Ensured adherence to professional standards in all aspects of the audit process, upholding the integrity of audit work performed.
- Reduced financial discrepancies by conducting thorough internal audits and identifying areas for improvement.
- Participated in industry conferences and professional development opportunities to stay current with emerging trends and best practices within the field of internal auditing.
- Managed cross-functional teams in conducting complex audits across various departments, ensuring accurate results and recommendations.
- Developed comprehensive audit plans to address identified risks, ensuring timely and effective execution.
- Evaluated the effectiveness of implemented internal controls by regularly reviewing policies and procedures for compliance with regulatory requirements.
- Enhanced audit efficiency by implementing risk-based audit strategies and streamlining processes.
- Improved team performance by providing ongoing training, guidance, and mentorship to junior auditors.
Internal Audit Department Manager
Safeway - Jordan, Owned by The Sultan Center ''TSC''
06.2007 - 01.2009
- Manages audit staff (5 staff) and coordinates day-by-day auditing activities.
- Ensured adherence to professional standards in all aspects of the audit process, upholding the integrity of audit work performed.
- Reduced financial discrepancies by conducting thorough internal audits and identifying areas for improvement.
- Participated in industry conferences and professional development opportunities to stay current with emerging trends and best practices within the field of internal auditing.
- Managed cross-functional teams in conducting complex audits across various departments, ensuring accurate results and recommendations.
- Developed comprehensive audit plans to address identified risks, ensuring timely and effective execution.
- Evaluated the effectiveness of implemented internal controls by regularly reviewing policies and procedures for compliance with regulatory requirements.
- Enhanced audit efficiency by implementing risk-based audit strategies and streamlining processes.
- Improved team performance by providing ongoing training, guidance, and mentorship to junior auditors.
Senior Internal Auditor
General Authority for Health Services (GAHS)
03.2003 - 02.2007
- Develop a strong understanding of the various business environments in which the organization operates
- Assist internal audit management in the annual audit planning process.
- Work collaboratively with GAHS management to ensure audit results (i.e., report) clearly communicate the identified business risks/exposures and their identified root cause(s) to business unit and executive-level management
- Participate in special assignments required from the managements to support their decisions.
- Ensured compliance with regulatory requirements and company policies through meticulous audits and effective communication with management.
Senior External Auditor
New Business Systems for Auditing
08.2000 - 03.2003
- Evaluate the adequacy and effectiveness of the management's controls over financial activities.
- Preparing financial statements, balance sheets, income statements & cash flow.
- Effectively communicated audit findings with various stakeholders, presenting clear and concise reports tailored to different audiences.
- Participated in ongoing professional development opportunities, staying current with industry best practices and emerging trends in external auditing.
- Maintained up-to-date knowledge of relevant accounting principles, ensuring accurate application throughout all audits conducted.
- Provided valuable insights and recommendations to clients, leading to significant process improvements.
- Managed successful completion of complex audits within tight deadlines, maintaining high-quality results.
- Mentored junior auditors, contributing to their professional growth and development in the field.
External Auditor
Orbit Firm For Audit
09.1999 - 08.2000
- Visit various types of companies; study and test their accounts
- Evaluate the adequacy and effectiveness of the management's controls over financial activities
- Testing controls and performing substantive tests
- Prepare audit files and execute work assignments and tasks
- Preparing financial statements, balance sheets, income statements & cash flow.
- Conducted thorough reviews of financial statements, ensuring compliance with standards.
- Presented clear, concise audit findings reports to management, detailing observations and recommended corrective actions for identified issues.
Education
Bachelor of Accountancy - Accounting
Hashemite University
JordanSkills
Internal Controls
Corporate Governance
Business Process Analysis
Audit Strategy & Planning
Risk Management
Audit management
Financial Acumen
Internal Audit Quality
Continuous Learning
Agile Auditing
Lead Transformation
Personal Skills And Interests
- Professional instructor with the Saudi Institute of Internal Audit.
- Professional instructor with Morgan International.
- Professional speaker in the Global Internal Auditor Forum, Dubai, 2011.
- Member of the Advocacy Committee of the Institute of Internal Auditors – Jordan.
Professional Certificates
CPA ''Certified Public Accountants'' AICPA-USA
CIA ''Certified Internal Auditor'' IIA-USA
CCSA ''Certificate of Control Self-Assessment'' IIA-USA
CRMA ''Certificate of Risk Management Assurance” IIA-USA
CISA ''Certificate of Information System Auditor” IIA-USA
DipIFR ''Diploma in International Financial Reporting” ACCA-UK
Personal Information
- Date of Birth: 09/27/78
- Nationality: Jordanian
- Marital Status: Married (Three Kids)
Timeline
Senior Internal Audit Expert
STC
06.2021 - Current
Internal Auditor Expert
STC
11.2018 - 06.2021
Senior Internal Auditor Advisor
STC
02.2014 - 11.2018
Internal Audit Advisor
STC
02.2010 - 02.2014
Internal Audit Manager
Al Othaim Holding
02.2009 - 02.2010
Internal Audit Department Manager
Safeway - Jordan, Owned by The Sultan Center ''TSC''
06.2007 - 01.2009
Senior Internal Auditor
General Authority for Health Services (GAHS)
03.2003 - 02.2007
Senior External Auditor
New Business Systems for Auditing
08.2000 - 03.2003
External Auditor
Orbit Firm For Audit
09.1999 - 08.2000
Bachelor of Accountancy - Accounting
Hashemite University