Zaid Basit

• Internal Audit, Governance, Risk and Compliance professional with over 14+ years’ experience in managing, planning, developing, implementing Internal Audit, Enterprise Risk Management and Compliance Framework to meet corporate strategic goals.
• Subject Matter expert in Oil & Gas.
• Established and currently heading the Internal Audit Function (IA Charter, Procedures, Road Map, IA Organisation structure, KPI’s, Strategic Objectives) and established IA framework (Risk Assessment and Risk Profile) for current organisation.
• Established Compliance and Ethics framework including whistleblowing processes and representing the Compliance function as the Compliance officer of the company
• Representing Audit Division in Audit Committee, Finance Committees, leadership Team and Board on behalf of Audit Committee.
• Directing the development & implementation of policies and procedures; ensuring compliance with the highest standards of audit management.
• Managing and supervising the Internal Audit team and consultants.
• Monitoring that an assessment of risks is incorporated into, or forms the basis of all audit work; accepting responsibility and accountability for the audit work performed on assigned projects; managing the audit in relation to time and resource budgets.
• Work experience in diverse industry segment such as Energy (Oil & Gas), Manufacturing, hospitality and Retailing & Distribution.
• Experience on International Auditing Standards, International Accounting Standards, Internal Control Frameworks and other operational standards.
• Having Big 4 (KPMG and Ernst & Young) experience with multi business focus especially in Oil & gas.
• Certified Chartered Accountant.
• Training the staff on courses like CIA (Certified Internal Auditors) and ACCA.
• Knowledge of the Standards for the Professional Practice of Internal Auditing and the Code of Ethics developed by the Institute of Internal Auditors (IIA). Experience in establishment and reorganisation of Internal Audit Functions/Governance/Risk Function.
• Extensive hands on experience in planning, managing and carrying out risk based audits & preparing corporate risk profile based on enterprise wide business risk assessment.
• Working knowledge of various governance, risk and compliance tools and audit management tools including Team Mate, AWS, e-governance portal etc.