Mohammed Tahir Ameer
Group Risk Manager and Group Compliance Officer
Durban,KwaZulu-Natal
Summary
Senior Risk and Compliance Executive with over 25 years of experience in Enterprise Risk Management (ERM), Compliance Risk Management Programs (CRMP), and various auditing functions within the financial services industry. Expertise in developing and managing comprehensive assurance strategies, implementing robust ERM frameworks, and enhancing compliance measures to mitigate risks effectively. Proven track record in preparing in-depth reports for executive leadership and board committees, along with a strong ability to lead cross-functional teams across multiple locations. Committed to driving organizational success by fostering a culture of compliance and aligning risk management strategies with business objectives.
Overview
26
26
years of professional experience
4
4
Certifications
1
1
Language
Work History
Group Risk, Compliance Officer, Fraud Prevention and MLCO
Ithala Development Finance Corporation Limited (IDFC)
Durban
11.2017 - Current
- Formulated the Group's Risk Strategy to enhance organisational resilience to increase management’s responsiveness and influence business decisions.
- Devised annual 1 year and 3 - 5-year operating plans in alignment with corporate objectives.
- Executed regulatory statutory reporting to ensure compliance with legal requirements.
- Liaised with regulators and industry bodies to maintain transparent communication to stay informed about regulatory changes and industry best practices and address compliance inquiries.
- Developed the Enterprise Risk Management (ERM) framework to support the Group's Risk Strategy identify and manage risks.
- Established the Risk Coverage plan to articulate risk mitigation strategies, measuring, monitoring and reporting to contribute as part of the execution of the Risk Strategy.
- Architected the Risk and Compliance business processes including identification, assessment, monitoring, management and reporting on key risks facing the organisation and the implemented controls and management actions to mitigate potential threats.
- Fostered a risk aware culture where Risk and Compliance is paramount to the organisation.
- Spearheaded the management of the Group Risk and Compliance department to optimise performance.
- Created the Compliance Coverage plan to ensure adherence to applicable regulations.
- Engineered the Anti-Fraud and Ethics Coverage plan to bolster ethical standards.
- Designed the Business Continuity Coverage plan to prepare for unexpected disruptions.
- Developed Operational Risk coverage plans to enhance risk management processes.
- Oversaw the implementation of the Compliance annual coverage plan to streamline compliance efforts.
- Managed the development, execution, and reporting of Compliance Risk Management Plans (CRMPs) to internal stakeholders.
- Monitored regulatory compliance and generate reports to track adherence levels.
- Performed quarterly BBBEE spend monitoring and reporting to maintain compliance with local legislation.
- Conducted Group risk identification, assessment, monitoring, management and reporting on key risks that may have an impact on the ability of the organisation to meet its objectives.
- Facilitated SBU Operational Risk coverage plans to support strategic business units.
- Established and maintained Group Strategic Risk register.
- Established and maintained Group Fraud Risk register.
- Established and maintained Group Risk Appetite monitoring and reporting.
- Established and maintained and Group Repositioning Risk register.
- Compiled risk management procedure recommendations for senior management review.
- Crafted the Anti-Fraud and Ethics Policy, Strategy, and Terms of Reference for the relevant committee.
- Prepared anti-fraud and ethics reports detailing losses, fraud cases, etc.
- Formulated the Group BCM Policy, Plan, and Framework to ensure business continuity.
- Developed the Group Crisis Management Plan to guide response during crises.
- Facilitated the implementation of the Group BCM initiatives to ensure readiness.
- Contributed to Business Continuity Committee reporting to highlight system resilience.
- Execute the Group Risk management plan to proactively address risk exposures.
- Monitor and report on the Group Strategic and Repositioning Risk registers to update stakeholders on risk status and remaining within its risk appetite levels.
- Conducted ERM maturity assessments to evaluate the effectiveness of risk management practices.
- Developed ERM maturity implementation road maps to enhance risk management capabilities.
- Led ethics risk assessments to identify and mitigate ethical vulnerabilities.
- Implemented ethics training and awareness programmes to foster a culture of integrity.
- Created comprehensive reports on Group Risk and Compliance metrics within the Annual Financial Statements (AFS).
- Engineered the combined assurance model to optimise risk oversight and assurance processes where risk and compliance activities are integrated and embedded in business assurance practices.
- Oversaw department budget development, monitoring, and reporting to ensure fiscal accountability, including the authorisation of expenditures.
- Managed staff and supply chain management functions to support departmental efficiency.
- Ensured combined assurance to verify the effectiveness of organisational processes.
- Defined risk appetite and tolerance policies and monitored adherence to these standards.
- Developed and reported on risk appetite matrixes to senior management.
- Coordinated efforts for the IDFC BBBEE certification and accreditation to enhance socio- economic compliance.
- Strategized staff planning to ensure effective resource allocation and the appointment of risk champions across the organisation to facilitate, manage and mitigate risks across the various departments of the business, resulting in an integrated risk management effort.
- Directed department and staff management initiatives to cultivate employee engagement and productivity.
- Conceived departmental strategies and established key performance indicators (KPIs) to measure success.
- Monitored staff performance and conducted appraisals identify employee growth and development needs and schedule targeted interventions to ensure the team possesses the requisite expertise for ongoing development, training, and personal growth and to support professional development, and maximise productivity.
- Mentored staff to bolster their skills and career progression, creating a positive work climate and culture to energise and empower employees.
- Managed all GoAML reporting to the Financial Intelligence Centre (FIC), including daily cash threshold reporting (CTR) and suspicious transaction reports (STR).
- Coordinated FIC regulatory visits to ensure compliance.
- Prepared for and ensured readiness for regulatory audits to uphold operational standards.
- Compiled the annual compliance training plan to promote a risk and compliance awareness culture where risk and compliance activities are integrated and embedded in business practices through ongoing training and broadcast communication.
- Facilitated the execution of compliance training plans in partnership with the HCM department to continuously train, develop and up-skill the Risk and Compliance Department, cross-functional teams, and risk champions.
- Led ERM maturity assessment and improvement programmes to enhance resilience strategies, change, agility and alignment with industry best practices.
- Developed and monitored the BBBEE implementation plan to ensure compliance with local regulations.
- Manage Group Insurance Cel captive and general insurance affairs to protect organisational assets to the value of R10 billion rands.
- Report to the Board of Directors, Audit and Risk Committee, Human Resources Social and Ethics Committee (HRSec), Executive management (EXCO), and Business Departments on the Enterprise Risk Management Framework, Risk Appetite statement, Risk and Regulatory compliance coverage, emerging risks, affecting the business, strategic initiatives, and corporate governance.
- Provide business with advice and support on operational risks in their departments business activities, and provide assurance support to assess, prioritise and mitigate potential risks at an operational level.
- Report to the Anti- Fraud and Ethics Committee, Business Continuity Committee and the Management Committee, on the adequacy and efficiency of the Business Continuity Framework, Anti – Fraud and Ethics strategy and Anti – Fraud Framework, to drive the implementation of measures to enhance Ethics, Fraud reported and investigations of wilful acts of non-compliance to organisations policies and practices, reporting on findings and Business Continuity to ensure continuous integration, collaboration and alignment of risk and compliance practices across the group.
- Group Risk and Compliance Department from 2011 to present, driving strategic initiatives and promoting compliance.
- Collaborated with cross-functional teams to enhance compliance training and awareness initiatives.
- Developed and implemented compliance programs to ensure adherence to regulations and company policies.
- Reviewed and analyzed regulatory changes, updating policies and procedures to maintain compliance.
- Assisted with internal and external audits to confirm compliance with applicable laws and regulations.
- Developed comprehensive training programs to increase employee awareness of compliance requirements and expectations.
- Managed relationships with regulators, maintaining open lines of communication to ensure transparent operations.
- Evaluated new regulations for potential impact on business operations, taking proactive measures to ensure readiness for implementation.
- Assisted in negotiating contracts with external partners, ensuring adherence to relevant regulatory requirements throughout the partnership lifecycle.
- Collaborated with cross-functional teams to address compliance concerns, fostering a culture of shared responsibility.
- Demonstrated adaptability in response to evolving industry standards, maintaining best practices in a dynamic regulatory environment.
- Enhanced regulatory compliance by developing and implementing comprehensive policies and procedures.
- Mitigated legal risks by proactively identifying gaps in existing policies and recommending improvements.
- Championed ethical business practices, instilling a sense of corporate social responsibility across all departments.
- Reduced the risk of financial penalties by conducting thorough internal audits on a regular basis.
- Promoted a culture of continuous improvement through ongoing evaluation and refinement of compliance program elements.
- Spearheaded investigations into potential violations, promptly addressing issues to maintain company reputation and avoid sanctions.
- Provided expert guidance on complex regulatory matters, enabling informed decision-making within the organization.
- Designed risk assessment frameworks to evaluate organizational vulnerabilities and prioritize areas requiring attention.
- Streamlined reporting processes for improved efficiency in submitting data to regulatory agencies.
- Implemented successful remediation efforts following audit findings, minimizing adverse consequences for the organization.
- Advised senior management on strategic planning initiatives, incorporating compliance considerations into decision-making processes.
- Leveraged technology solutions for efficient tracking and reporting of compliance-related activities and metrics.
- Reduced incident rates by implementing robust compliance monitoring and enforcement mechanism.
- Strengthened company reputation with development and implementation of effective compliance training program for all employees.
- Reduced legal risks, conducting regular compliance audits and ensuring all departments adhered to laws and regulations.
- Achieved significant improvements in compliance metrics by leading targeted internal review and action plan.
- Mitigated potential financial penalties by proactively identifying and addressing compliance issues before regulatory reviews.
- Optimized resource allocation for compliance activities by analyzing data trends and focusing on high-risk areas.
- Oversaw implementation of compliance software solution, enhancing tracking and reporting of compliance data.
- Improved operational efficiency by streamlining compliance processes and reducing redundancies.
- Coordinated with external regulators to clarify compliance expectations and ensure company practices were fully aligned.
- Developed comprehensive compliance manual, significantly improving staff understanding of regulatory requirements.
- Enhanced regulatory compliance by auditing and revising company policies and procedures.
- Facilitated communication between departments, ensuring timely updates on compliance changes and their impact on operations.
- Led cross-departmental collaboration to ensure seamless adherence to new regulatory requirements.
- Ensured continuous improvement in compliance practices by setting up feedback loop with key stakeholders.
- Conducted thorough risk assessments for identifying potential compliance vulnerabilities and formulated mitigation strategies.
- Enhanced decision-making, providing senior management with detailed compliance risk assessments and recommendations.
- Created and maintained compliant work environment.
- Developed risk assessment models to identify potential compliance risks.
- Warned violators of infractions or penalties.
- Maintained up-to-date knowledge of applicable laws and regulations.
- Advised clients on compliance fraud and investigations, as well as potential remedies and required actions.
- Assisted with development of compliance objectives and strategies.
- Kept informed regarding pending industry changes, trends or best practices.
- Conducted periodic compliance audits and reviews to identify areas of improvement.
- Developed and implemented corrective action plans for non-compliance issues.
- Identified gaps in existing compliance processes and recommended updates.
- Investigated locations to confirm license data, conducted background checked and assessed premises for compliance with licensing requirements.
- Directed activities of workers searching records and provided technical guidance as necessary.
- Evaluated and monitored supplier and partner relationships to support compliance.
- Conducted thorough audits and risk assessments to identify compliance gaps and recommend corrective actions.
- Completed field checks to verify licenses and permits for various business.
- Confirmed data and licensing information through investigations and notified violators of required changes to bring operations into compliance.
Group Risk and Compliance Divisional Manager
Ithala Development Finance Corporation Limited (IDFC)
Durban
04.2016 - Current
- Formulated the Group’s Risk Strategy to secure risk mitigation across corporate channels.
- Developed comprehensive annual and 3–5-year operating plans aligned with corporate goals.
- Executed regulatory statutory reporting to ensure adherence to compliance standards.
- Facilitated correspondence with regulators to address compliance queries effectively.
- Expanded the Risk and Compliance Strategy to encompass overarching risk management frameworks.
- Directed the management of the Group Risk and Compliance department to optimise operational performance.
- Established the Enterprise Risk Management (ERM) framework to reinforce risk governance.
- Formulated detailed Risk Coverage plans to clarify risk exposure approaches.
- Orchestrated the Compliance Coverage plans to enhance regulatory adherence.
- Crafted the Anti-Fraud and Ethics Coverage plan to uphold organisational integrity.
- Constructed the Business Continuity Coverage plan to safeguard against interruptions.
- Engineered Operational Risk coverage plans to bolster risk mitigation efforts.
- Supervised the implementation of the Compliance annual coverage plan to standardise compliance activities.
- Led the development, execution, and reporting of Compliance Risk Management Plans (CRMPs) to facilitate stakeholder engagement.
- Reviewed regulatory compliance and generated reports to monitor compliance levels.
- Maintained quarterly BBBEE spend monitoring and reporting to support compliance with South African legislation.
- Conducted Group risk identification, assessment, monitoring, and reporting for proactive risk oversight.
- Facilitated the development of SBU Operational Risk coverage plans to support discrete business units.
- Established and managed vital registers such as the Group Strategic Risk register, Group Fraud Risk register, Group Risk Appetite monitoring, and Group Repositioning Risk register.
- Recommended risk management procedures to senior management in support of strategic initiatives.
- Formulated the Anti-Fraud and Ethics Policy and Strategy to enhance governance frameworks.
- Compiled anti-fraud and ethics reports to provide transparency on losses and fraud incidents.
- Designed the Group BCM Policy, Plan, and Framework to outline business continuity practices.
- Implemented the Group Crisis Management Plan to enhance crisis preparedness.
- Oversaw the facilitation of Group BCM initiatives to enhance organisational resilience.
- Presented findings in EXCO meetings and to Audit and Risk Management Committee stakeholders.
- Reported outcomes related to Human Resources, Social and Ethics initiatives, and Anti- Fraud and Ethics actions.
- Contributed to Business Continuity Committee reporting to highlight resilience achievements.
- Executed the Group Risk management plan to manage potential risk exposures effectively.
- Monitored and reported data on the Group Strategic and Repositioning Risk registers for stakeholder awareness.
- Conducted ERM maturity assessments to continually improve risk management practices.
- Drafted ERM maturity implementation road maps to enhance the ERM framework.
- Led ethics risk assessments to identify and mitigate vulnerabilities within the organisation.
- Developed ethics training and awareness programmes to reinforce a culture of compliance.
- Produced detailed reports on Group Risk and Compliance metrics within the Annual Financial Statements (AFS).
- Engineered a combined assurance model to ensure risk oversight is comprehensive.
- Oversaw department budget development, monitoring, and reporting to ensure effective financial management.
- Contributed to human resource management and supply chain initiatives to enhance department efficacy.
- Managed combined assurance to ensure risk management processes are robust and effective.
- Defined risk appetite and tolerance policies to reinforce governance.
- Monitored the organisation’s risk appetite with comprehensive reporting to management.
- Coordinated efforts for IDFC BBBEE certification and accreditation to uphold socio- economic compliance standards.
- Strategised staff planning initiatives to enhance workforce productivity.
- Led the management of departmental initiatives and staff performance.
- Conceived strategic directives for the department and established key performance indicators (KPIs) to measure outcomes.
- Oversaw staff performance appraisals to facilitate development and enhancement. Mentored team members to support professional growth and capability.
- Managed comprehensive reporting of all GoAML documentation to the FIC, including daily cash threshold reporting (CTR) and suspicious transaction reports (STR).
- Coordinated FIC regulatory audits to ensure thorough compliance evaluations.
- Prepared for and ensured all regulatory audits are conducted in line with expectations and requirements.
- Compiled the annual compliance training plan to promote a compliant organisational culture.
- Created compliance training execution plans in collaboration with HR departments to embed compliance learning.
- Led the assessment and improvement initiatives surrounding ERM maturity to streamline organisational resilience.
- Drafted and monitored BBBEE implementation plans to comply with regulatory standards.
- Developed the BBBEE policy framework.
- Oversaw Group Insurance functions to safeguard corporate interests.
- Group Risk and Compliance Department from 2011 to present, driving strategic initiatives and promoting compliance.
- Led cross-functional teams to enhance operational efficiency and drive strategic initiatives.
- Developed and implemented comprehensive financial strategies to support organizational growth objectives.
- Oversaw project management efforts, ensuring timely delivery of services and adherence to quality standards.
- Managed stakeholder relationships, ensuring alignment with corporate goals and enhancing collaboration.
Group Operational Risk Manager
Ithala Development Finance Corporation Limited (IDFC)
Durban
03.2011 - 03.2016
- Managed operational risk efforts within the Group Risk and Compliance Department from 2011 to 2016, implementing strategic risk initiatives.
- Formulated the Group's Risk Strategy to bolster risk mitigation and organisational stability.
- Devised annual and 3–5-year operating plans to support organisational objectives.
- Executed regulatory statutory reporting to comply with legal frameworks effectively.
- Facilitated communication with regulators to address compliance inquiries efficiently.
- Expanded the Risk and Compliance Strategy to tackle overarching risk challenges.
- Spearheaded the management of the Group Risk and Compliance department to enhance operational effectiveness.
- Instituted the Enterprise Risk Management (ERM) framework to articulate systematic risk management protocols.
- Established various Risk Coverage plans to detail methods for addressing risk exposure.
- Engineered the Compliance Coverage plans to support adherence to regulations.
- Developed comprehensive Anti-Fraud and Ethics Coverage plans to promote a culture of integrity.
- Constructed detailed Business Continuity Coverage plans for preparedness against disruptions.
- Designed Operational Risk coverage plans to mitigate potential risks effectively through proactive measures.
- Oversaw the execution of the Compliance annual coverage plan to assure compliance standards.
- Managed the formulation, implementation, and reporting of Compliance Risk Management Plans (CRMPs) to ensure legal compliance and mitigate risks.
- Performed thorough regulatory compliance monitoring and reporting to assess adherence levels.
- Conducted quarterly BBBEE spend monitoring and reporting to assure compliance with relevant standards.
- Facilitated Group risk identification, assessment, monitoring, and reporting to ensure timely risk management.
- Prepared comprehensive SBU Operational Risk coverage plans to support distinct business units effectively.
- Managed the establishment and upkeep of critical registers such as the Group Strategic Risk register, Group Fraud Risk register, Group Risk Appetite monitoring, and Group Repositioning Risk register.
- Recommended enhancements to risk management procedures to senior management.
- Formulated the Anti-Fraud and Ethics Policy, Strategy, and Terms of Reference for committees to enforce governance.
- Provided insights through anti-fraud and ethics reports to foster transparency on incidents.
- Designed the Group BCM Policy, Plan, and Framework to ensure continuity of operations during interruptions.
- Developed a robust Group Crisis Management Plan to guide crisis responses effectively.
- Facilitated the implementation of Group BCM initiatives to enhance resilience.
- Delivered presentations to the Executive Committee (EXCO) and Audit and Risk Management Committee regarding key findings.
- Reported on Human Resources, Social and Ethics committee activities to inform governance.
- Contributed data and insights for Business Continuity Committee reports for stakeholder awareness.
- Executed the organisational Group Risk management plan to effectively address risks. Monitored and reported insights from the Group Strategic and Repositioning Risk registers to senior stakeholders.
- Conducted ERM maturity assessments to evaluate the progress of risk management initiatives.
- Developed ERM maturity implementation road maps to catalyse improvements in risk capabilities.
- Conducted ethics risk assessments to evaluate potential vulnerabilities.
- Provided ethics training and awareness initiatives to instil a culture of compliance.
- Developed comprehensive reports pertaining to Group Risk and Compliance in Annual Financial Statements (AFS).
- Engineered the combined assurance model to enhance oversight and accountability in risk management.
- Engineered department budget development, monitoring, and reporting for fiscal responsibility.
- Managed human resources and supply chain functions to support efficient department operations.
- Oversaw combined assurance to ensure thorough risk management processes are in place.
- Defined risk appetite and tolerance policies, monitoring their implementation.
- Managed the development and reporting on risk appetite metrics to senior management.
- Coordinated initiatives for IDFC BBBEE certification and accreditation to uphold compliance standards.
- Strategised staffing plans to optimise operational effectiveness.
- Directed departmental and staffing policies to enhance performance and engagement.
- Conceived and developed departmental strategies, including key performance indicators (KPIs) for measuring success.
- Oversaw the performance monitoring and appraisals of staff to facilitate their growth. Mentored staff as part of professional development initiatives.
- Managed the reporting of all GoAML documentation to the FIC, including daily CTR and STR submissions.
- Coordinated FIC regulatory visits for compliance evaluations and engagement.
- Prepared for and ensured readiness for regulatory audits to demonstrate compliance standards.
- Compiled the annual compliance training plan to reinforce a culture of compliance.
- Facilitated the implementation of the compliance training plan with HR to ensure comprehensive understanding.
- Executed ERM maturity assessments and improvement programmes to elevate organisational preparedness.
- Drafted and monitored the BBBEE implementation plan to ensure compliance and monitor progress.
- Managed Group Insurance affairs to protect and secure corporate organisational assets.
- Set – up the Group Risk and Compliance Department, overseeing Ethics, Fraud, Risk management and Compliance.
- Developed and implemented operational risk frameworks to enhance risk management processes.
- Led training sessions to educate staff on risk management policies and procedures.
- Conducted risk assessments to identify vulnerabilities and recommend mitigation strategies.
- Collaborated with cross-functional teams to ensure compliance with regulatory standards.
Technical Special Projects Manager
Ithala Development Finance Corporation Limited (IDFC)
Durban
04.2007 - Current
- Designed and prepared the internal audit programme to effectively assess risk management and control systems within the Group.
- Executed an internal audit programme to systematically manage risk and effectiveness in control measures throughout the Group.
- Ensured completion of the approved internal audit plan to adhere to timeline commitments.
- Managed an internal audit function that included both in-sourced and outsourced teams to ensure comprehensive coverage.
- Planned resource allocation to optimise audit function capacity and efficiency.
- Engaged and managed third-party specialist skills (co-source/outsource) to support audit objectives.
- Oversaw engagement management with external and statutory auditors to ensure compliance with auditing standards.
- Planned staffing for audit assignments to ensure adequate coverage and expertise during engagements.
- Developed comprehensive audit assignment scoping documents to outline audit objectives and methodologies.
- Managed and executed audit engagements with diligence and professional rigor.
- Directed and executed special projects pertaining to operational enhancement.
- Conducted Quality Assurance file reviews to assess service provider effectiveness.
- Managed staff timesheet submissions and conducted work-in-progress (WIP) analysis to monitor project progress and resource allocation.
- Led department and staff management initiatives to foster constructive engagement.
- Conducted fraud investigations while monitoring reporting mechanisms and compliance standards.
- Compiled Anti-Fraud and Ethics Committee submission packs to provide transparency on ongoing investigations.
- Prepared Group Audit and Risk Committee submission packs including key findings and recommendations.
- Prepared Group BCM Committee submission packs to assure continuity planning considerations are reinforced.
- Reported findings to the Audit Committee on audit completeness and adherence to plan objectives.
- Presented findings to the Group Enterprise Risk Committee for risk mitigation considerations.
- Reported to the BCM Committee to enhance organisational preparedness during disruptions.
- Participated as a member of the IT Steering Committee to oversee IT governance.
- Conducted SAS 70 Peer reviews of service providers to uphold auditing standards.
- Prepared Audit Control issue logs for monitoring previously reported items and their status.
- Developed accepted risk reports where audit issues were accepted and discussed with executive management.
- Conducted Quality Assurance Reviews related to General Audit and Forensic investigations and other audits.
- Liaised with external audits regarding planning, scope, peer reviews, and addressing queries.
- Conducted a range of review types including forensic investigations, system development life cycle reviews, application control audits, and network security assessments.
- Oversaw the preparation of Special Project reports and submissions, such as group risk reports and control issues logs, to ensure clear and accessible reporting.
- Formulated the ICT audit plan outlining strategic auditing initiatives.
- Established a Financial audit plan to outline financial health and compliance indicators.
- Led forensic investigation reviews to address inquiries into suspicious activities.
- Developed and maintained an Audit issues log for clarity and managerial follow-up.
- Monitored and reported on audit issues consistently to promote accountability and address deficiencies.
- Prepared Anti-Fraud and Ethics reports to provide an overview of compliance with ethical standards.
- Conducted security monitoring in collaboration with the Group Security Officer to enhance organisational security protocols.
- Developed and implemented the Group's Business Continuity Framework to ensure operational durability.
- Assisted various divisions of the Group in Business Continuity Management plans, focusing on strategy and testing methods to ascertain preparedness.
- Contributed to the development of the Group's Enterprise Risk Management policy to instil a robust compliance framework.
- Led the rollout of the Group's Enterprise Risk Management Project to unite risk management efforts across the organisation.
- Contributed to subsidiary policy and procedure developments to align with corporate standards.
- Provided risk assurance and consulting services to various departments within the organisation.
- Re – engineered the Internal Audit division’s strategy to meet current and future challenges.
- Led the implementation of the Ithala Group physical access security project effectively.
- Project assurance team member for the Ithala Limited Division in the rollout of their new Banking System.
- Prepared the annual performance plan to align departmental goals with corporate vision.
- Developed the internal audit department’s strategy to support effective auditing practices and goals.
- Created the internal audit department’s annual budget based on departmental needs and historical data for effective financial management.
- Conducted costing of prior year actual time and expenditure against annual audit plans to allow for effective budgeting practices.
- Built the annual audit plans for budgeting purposes accurately to ensure resource availability.
- Facilitated office ambiance workshops to foster positive workplace culture. Conducted induction workshops to onboard new staff with organisational values and practices.
- Monitored and reported on Group Control Audit Issues Log to maintain visibility on historical issues and remediation efforts.
- Managed Time and Attendance reporting for accountability and optimization of workforce efforts.
- Executed Ad-Hoc Special Technical Projects per organisational needs and project goals.
- Conducted Business Audits that included compliance reviews, risk management assessments, security evaluations, and safety.
- Set – up the Group Audit, Risk & Assurance Services Department, ICT audit division overseeing ICT and financial auditing practices, Fraud, Ethics, Risk Management and Compliance functions.
- Led cross-functional teams to execute strategic initiatives aligned with organizational goals.
- Developed and implemented project management frameworks to enhance operational efficiency.
- Facilitated stakeholder engagement sessions to gather insights and drive project alignment.
- Oversaw project timelines, ensuring adherence to deadlines and budget constraints.
ICT Audit Manager
KPMG
Durban
10.2005 - 03.2007
- Managed the Information System Risk Assurance Services Department for the Durban office.
- Conducted Application Control Review audits for the Tongaat Hulett Sugar Group to ensure compliance with operational codes.
- Performed General Control Review audits for the Tongaat Hulett Sugar Group, providing comprehensive oversight and risk assessments.
- Executed General Controls Review audits for clients including BSN Medical and Enaleni Pharmaceuticals for compliance assurance.
- Carried out General Controls Review audits for Franke Kitchens to assess operational efficacy and compliance standards.
- Completed General Control and Computer Assisted Auditing Techniques audits for Seaboard Overseas Trading and Shipping (Pty) Ltd to align operational practices with industry standards.
- Conducted audits using Computer Assisted Auditing Techniques for the University of Kwa- Zulu Natal (UKZN) to verify compliance with regulatory frameworks.
- Reviewed Tender Evaluation processes for the Durban University of Technology (DUT) to ensure adherence to procurement regulations.
- Executed General Controls Review audits for International Underwriters to assess overall operational risk.
- Carried out Post Implementation Review audits for the Swaziland Public Service Pension Fund to ensure suitable operational practices following implementation.
- Conducted General Control audits for Pannar Seed to evaluate operational standards and risk.
- Executed Application Control Review audits for ABSA Bank ensuring alignment with compliance metrics.
- Performed SAS 70 Reviews for EMID/Direct Transact to ensure adherence to auditing standards.
- Conducted Application Control Review audits for the Ithala Development Finance Corporation to assess compliance with operational standards.
- Reviewed General Control audits for Ithala Development Finance Corporation to ensure adherence to best practices in auditing.
- Executed General Controls Review audits for Al Baraka Bank to assess governance and operational integrity.
- Conducted audits for HBZ Bank of Zurich analysing General Control and Computer Assisted Auditing Techniques.
- Executed General Controls Review audits for Bank of Baroda to safeguard operational practices and compliance.
- Managed various engagements including consulting, internal audit, and external audit functions.
- Executed Outsourcing Audit functions and Co-sourcing Audit functions to provide comprehensive coverage.
- Developed risk-based audit plans to address specific client needs and operational requirements effectively.
- Conducted System Development Life Cycle reviews and Business Process Re- engineering engagements to align with operational excellence standards.
- Supervised development and implementation of Financial Audits, leveraging analytical skills to reinforce processes.
- Oversaw staff planning, managing team dynamics to ensure operational success across audit functions.
- Drafted client engagement proposals and oversaw scoping and execution of client engagements to meet expectations.
- Managed budgetary considerations including work-in-progress reports and financial management to optimise performance.
- Oversaw team operations, mentoring staff and facilitating skill development through constructive feedback.
- Reported on audit findings and outcomes to foster continuous improvement standards.
- Managed billing processes effectively to ensure accurate financial records and client communications.
- Established strong relationships with clients, creating open channels for communication and operational success.
- Led client proposal and tendering activities to secure new audit work and extend service offers.
- Developed strategic initiatives to strengthen the audit department and improve its governance framework.
- Managed the Information System Risk Assurance Services Department for the Durban office.
- Conducted training sessions on audit best practices, enhancing team capabilities and knowledge.
- Improved client relations by maintaining open lines of communication and addressing concerns promptly.
- Facilitated internal audits and prepared detailed reports on findings.
- Streamlined audit processes, reducing turnaround time and increasing client satisfaction.
- Presented audit findings to senior management, driving strategic decision-making.
- Evaluated effectiveness of internal controls by testing key controls across various business units within the organization.
- Implemented risk-based auditing strategies, resulting in better identification of potential issues.
- Consistently met deadlines for audit reports, helping maintain company reputation for reliability and professionalism.
- Interacted with internal staff and clients to improve operational knowledge of relevant tax issues and business implications.
- Mentored junior auditors, aiding in their professional development and fostering a positive work environment.
- Reduced financial discrepancies through thorough analysis of company financial statements and records.
- Coordinated, managed and implemented auditing projects and prepared for evaluation.
- Led cross-functional teams in complex audits, ensuring seamless collaboration between departments.
- Collaborated with external auditors to provide accurate information needed for successful annual audits.
- Participated in billing and collections operations to facilitate client payment of overdue invoices.
- Developed high-level knowledge of client business goals, policies, and procedures to establish foundation for targeted problem solutions.
- Cultivated mutually beneficial relationships with clients and company financial officers to facilitate improved business operations.
- Partnered with internal managers to deliver client proposals and presentations and increase department sales revenues.
- Played key role in audit committee, providing insights and recommendations to guide organizational strategy.
- Safeguarded against financial misstatement by rigorously evaluating internal controls and recommending improvements.
- Pioneered use of data analytics in audits, enhancing detection of irregularities and fraud.
- Coordinated cross-functional teams for complex audits, ensuring thorough coverage and timely completion.
- Improved audit team morale and cohesion, leading to increased productivity and reduced turnover.
- Developed and maintained productive relationships with clients to facilitate smooth audit processes and ensure compliance.
- Improved audit accuracy, meticulously reviewing financial statements and identifying discrepancies.
- Led team of junior auditors, fostering their professional growth and ensuring high standards of audit performance.
- Prepared working papers, reports and supporting documentation for audit findings.
- Championed culture of continuous improvement within audit department, leading to streamlined processes and enhanced performance.
ICT Audit Manager
FirstRand Banking Group
Johannesburg
09.2003 - 09.2005
- Managed the Risk & Audit Services Department, overseeing operational auditing practices and compliance standards.
- Conducted staff planning initiatives to ensure effective team operations across audit functions.
- Created client engagement proposals to delineate project scopes and expectations for auditing.
- Scoping and executing audit engagements, ensuring alignment with client goals and regulatory standards.
- Oversaw the management of staff, facilitating performance enhancement and skill development initiatives.
- Directed mentoring activities within the team to promote professional growth and operational knowledge.
- Produced reports on audit findings to ensure stakeholders remained informed about compliance statuses.
- Built strong relationships with clients, ensuring effective communication and collaborative audit processes.
- Conducted application Control Review audits.
- Conducted general Control Review audits.
- Conducted systems Development Life Cycle Review audits.
- Conducted asset Verification review audits.
- Conducted business process re-engineering assessments.
- Managed the Risk & Audit Services Department, overseeing operational auditing practices and compliance standards.
- Led audit engagements, ensuring compliance with regulatory standards and internal policies.
- Developed and implemented risk assessment methodologies to enhance audit efficiency.
- Streamlined audit processes, reducing turnaround time and increasing client satisfaction.
- Improved client relations by maintaining open lines of communication and addressing concerns promptly.
- Conducted strategic and technical reviews to verify compliance with quality control standards, schedule constraints, and budget parameters.
- Analyzed complex client problems and generated targeted solutions that resolved outstanding issues while enhancing client business positions.
- Developed comprehensive audit plans outlining scope, goals, timelines, and resource requirements for each project.
- Ensured compliance with industry regulations by conducting regular reviews of company policies and procedures.
- Collaborated with external auditors to provide accurate information needed for successful annual audits.
- Led cross-functional teams in complex audits, ensuring seamless collaboration between departments.
- Partnered with internal managers to deliver client proposals and presentations and increase department sales revenues.
- Played key role in audit committee, providing insights and recommendations to guide organizational strategy.
- Tailored audit approaches to suit different organizational contexts, optimizing effectiveness and efficiency.
- Strengthened stakeholder confidence with comprehensive risk assessment strategies.
- Facilitated knowledge sharing sessions on best practices in auditing, raising overall competency of audit department.
- Led team of junior auditors, fostering their professional growth and ensuring high standards of audit performance.
Senior Consultant
SNG Grant Thornton
Johannesburg
06.2000 - 08.2003
- Worked within the Information System Risk Management Department to provide comprehensive ICT Auditing, Consulting and Assurance services.
- Conducted Local Area Networks audits, focusing on security controls and LAN management for Germiston City Council.
- Performed Security Review audits assessing Logical and Physical Security measures for Germiston City Council.
- Executed General Controls Security Review audits validating the Results and Seat Allocation systems for the Independent Electoral Commission (IEC).
- Carried out Application Controls Review audits focusing on Logical Security measures for the Road Accident Fund.
- Conducted General Controls Review audits assessing Logical Security standards for the Road Accident Fund.
- Performed application reviews focusing on seat allocation system audits for IEC compliance.
- Executed SAP Basis audits for Eskom to ensure compliance with standards in operational integrity.
- Carried out Payroll/Human Resource Application Control Review and General Controls Review audits for Protekon (a subsidiary of the Transnet Group).
- Conducted comprehensive Application Control Review audits for South African Airways (SAA).
- Carried out Y2K Forensic audits for SAA to assess preparedness and integrity of systems.
- Undertook Pre-Migration, Migration, and Post-Migration audits for SAA to ensure systematic operational transitions.
- Conducted Asset Verification audits for the Unemployment Insurance Fund (UIF) to verify asset integrity.
- Executed Payroll/Human Resource Application Control Review and General Controls Review audits for Eskom.
- Conducted Payroll Application Control Review and General Controls Review audits for Transtel (another Transnet subsidiary).
- Performed RACF security audits covering various divisions including SAA, Arivia.kom, and the South African Reserve Bank (SARB).
- Executed Diramint and Natural security audits for the South African Reserve Bank (SARB).
- Conducted Computer Assisted Auditing Technique reviews, including financial audits and business process assessments for various clients.
- Performed Fixed Asset Application Control Review and General Controls Review audits for Eskom as a leading state-owned enterprise.
- Provided analysis through Computer Assisted Auditing Technique reviews for Protekon to ensure effective risk management across operations.
- Engaged in financial audits to ensure statutory compliance and operational accuracy, including audits for Denel, departments within the government, and private enterprises.
- Executed donor funding forensic audits associated with the Department of Justice to seek accountability and operational integrity.
- Conducted internal auditing assignments successfully, focusing on financial audits and compliance across various institutions.
- Engaged in various types of services, including consulting, internal auditing, external auditing, outsourcing audit functions, and co-sourcing audit engagements.
- Worked within the Information System Risk Management Department to provide comprehensive ICT Auditing, Consulting and Assurance services.
- Led cross-functional teams to develop and implement strategic initiatives enhancing operational efficiency.
- Analyzed client needs, providing tailored recommendations to drive business growth and transformation.
- Coordinated project timelines and deliverables, ensuring alignment with client expectations and objectives.
- Streamlined processes, identifying areas for improvement that increased client satisfaction and retention.
- Facilitated workshops and training sessions, enhancing team capabilities and promoting knowledge sharing.
- Engaged with clients to assess challenges, delivering actionable solutions that strengthened partnerships.
- Mentored junior consultants, helping them enhance their skills and contribute more effectively to projects.
- Troubleshot issues by understanding issue, diagnosing root cause and coming up with effective solutions.
- Collaborated with internal teams to develop customized solutions that addressed unique client needs.
- Prioritized projects and project tasks depending upon key milestones and deadline dates.
- Built strong relationships with clients through consistent communication and proactive problem-solving efforts.
- Identified key areas in need of improvement and implemented plans to rectify issues.
- Exceeded customer requirements with accurate and deliverable solutions.
- Evaluated clients' needs and created plan of action to provide solutions.
- Developed custom solutions based upon clients' strict requirements.
- Facilitated workshops with clients to identify pain points, establish goals, and define actionable steps towards achieving desired outcomes.
- Collaborated with teams to define, strategize, and implement marketing and web strategies.
- Generated reports detailing findings and recommendations.
- Evaluated customer needs and feedback to drive product and service improvements.
- Evaluated staff performance and provided coaching to address inefficiencies.
- Optimized customer experience by delivering superior services and effectively troubleshooting issues.
- Educated staff on organizational mission and goals to help employees achieve success.
- Created and managed project plans, timelines and budgets.
- Developed effective improvement plans in alignment with goals and specifications.
- Maintained database systems to track and analyze operational data.
- Gathered, organized and input information into digital database.
- Collected, arranged, and input information into database system.
- Mentored junior consultants, fostering skill development and improving project outcomes.
- Gave budget suggestions for projects, outlining financial needs, and forecasting.
- Presented findings and recommendations to executive-level stakeholders, effectively communicating key insights and action plans.
- Helped meet changing demands by recommending improvements to business systems or procedures.
Audit Clerk
Desai Bhagat & Jeena
Durban
12.1999 - 05.2000
- Worked within the Accounting & Auditing Department to provide comprehensive accounting services.
- Coding source documents accurately facilitate auditing processes.
- Processed source documents efficiently to maintain the integrity of financial records.
- Prepared Annual Financial Statements (AFS) to support transparency and compliance in financial reporting.
- Conducted auditing of AFS to ensure adherence to statutory standards and organisational policies.
- Undertook client audits to provide assurance on financial integrity and compliance.
- Prepared Tax Returns to ensure compliance with fiscal regulations and obligations.
- Conducted VAT reconciliations to affirm accuracy and compliance with tax regulations.
- Worked within the Accounting & Auditing Department to provide comprehensive accounting services.
- Prepared and processed payroll documents and forms for more than 500 employees.
Education
B. Comm Honours - Accounting, Auditing, Managerial Accounting and Tax
12.2001
B. Comm - Accounting, Auditing, Managerial Accounting and Tax
12.1999
Skills
Creation of actionable strategies
Effective strategy implementation
Risk management expertise
Proactive risk mitigation
Risk assessment and mitigation
Risk assessment proficiency
Regulatory compliance
Audit process management
Financial external audit
Financial auditing expertise
Information technology audit
Fraud risk management
Anti-money laundering compliance
Captive insurance management
Strategic policy formulation
Development of standard procedures
Development of risk coverage plans
Annual compliance management planning
Creation of audit coverage plans
Business process optimization
Business continuity planning
Reporting to executive committees and boards
Proficient in risk mitigation
Compliance management
Fraud mitigation techniques
Strategic business insight
Personal Information
- Age: 47
- Gender: Male
- Nationality: South African
- Marital Status: Married
Certification
RE 1 Regulatory Exams for Compliance Officers - Financial Services Board (FSB) (2017) (Certification number - 240266)
Professional Profile Summary
I am a Senior Risk & Compliance Executive with over 25 years of experience in Enterprise Risk Management (ERM), Compliance Risk Management programmes (CRMP), Internal Audit, ICT Audit and External Audit, and Anti – Fraud and Ethics Management including Money Laundering and Financial Crime Programs in the Financial Services Industry. I have developed and managed comprehensive assurance strategies, regulatory compliance, and implemented ERM frameworks and audit methodologies with proven expertise in compliance protocols and risk assessment methodologies, complemented by a strong foundation and have successfully led teams to enhance compliance measures, implement controls and mitigate risks effectively. My expertise includes ERM, Compliance, Internal and External Audit, ICT Audit, Strategic, Fraud, Money Laundering, Strategic and Operational Risk coverage and Risk Appetite and tolerance reporting. I have a proven track record of preparing in - depth reports for Management, Executive Management, the Board of Directors and Board Committees. I am ready to bring extensive knowledge and strategic insight to drive success at prospective employers and am committed to adding value by implementing robust risk frameworks and fostering a culture of compliance within the organisation. I am skilled at identifying strategic, operational, financial, and fraud risks, building cross-functional teams, and reporting effectively to executive leadership and the board of directors. I am experienced in remote leadership and managing risk oversight across multiple locations and functions. I have experience across Risk, Compliance, Anti Monley Laundering, and Fraud Risk Management within the financial services industry. I’ve led governance and risk frameworks for regulated entities, balancing commercial growth with regulatory expectations. I would be glad to contribute to strengthening that capability, in your organization. I’ve led governance and risk frameworks for a regulated entities in the financial services industry, balancing commercial growth with regulatory expectations. I’m particularly interested in expanding the risk and compliance function across an organization. I have successfully formulated, designed and implemented ERM Frameworks, directing the business risk strategy, risk appetite, monitoring and reporting tools, and contribute as part of the organisation's risk strategy across cross-functional teams, and report directly to boards and executive committees on Risk and Compliance and mitigation controls. I am confident in my ability to establish robust risk and compliance controls and contribute to the company’s strategic objectives while effectively managing remote and cross-functional teams.
Professional Body Registrations
- Group Compliance officer, Financial Sector Conduct Authority (FSCA)
- Group Compliance officer, National Credit Regulator (NCR)
- Money Laundering Compliance Officer (MLCO), Financial Intelligence Centre (FIC)
- Registered member, The Institute of Risk Management South Africa (IRMSA)
Accomplishments
- Set – up the Group Risk and Compliance Department, overseeing Ethics, Fraud, Risk management and Compliance.
- Set – up the Group Audit, Risk & Assurance Services Department, ICT audit division overseeing ICT and financial auditing practices, Fraud, Ethics, Risk Management and Compliance functions.
- Managed the RMB ICT Risk & Audit Services Department, overseeing FirstRand Banking Group’s merchant banking division.
Timeline
Group Risk, Compliance Officer, Fraud Prevention and MLCO - Ithala Development Finance Corporation Limited (IDFC)
11.2017 - Current
Group Risk and Compliance Divisional Manager - Ithala Development Finance Corporation Limited (IDFC)
04.2016 - Current
Group Operational Risk Manager - Ithala Development Finance Corporation Limited (IDFC)
03.2011 - 03.2016
Technical Special Projects Manager - Ithala Development Finance Corporation Limited (IDFC)
04.2007 - Current
ICT Audit Manager - KPMG
10.2005 - 03.2007
ICT Audit Manager - FirstRand Banking Group
09.2003 - 09.2005
Senior Consultant - SNG Grant Thornton
06.2000 - 08.2003
Audit Clerk - Desai Bhagat & Jeena
12.1999 - 05.2000
University of Natal - B. Comm Honours, Accounting, Auditing, Managerial Accounting and Tax
University of Natal - B. Comm, Accounting, Auditing, Managerial Accounting and Tax