George Salah

Stanbic Bank Limited is part of Standard Bank Group, which is a leading Africa-focused financial services group, with operations in 20 African countries. Stanbic Bank is among the leading banks in Kenyan financial system, with asset base of over USD 2.7 billion. The bank clients range from individuals, to business of all sizes, high net worth families and large multinational corporates and institutions.

Roles and Responsibilities

• Contribute to the development and implementation of the Internal Audit’s strategy by applying insights from the Group Internal Audit /Business Unit strategy and operating model, products, services, client-base and competitive environment, industry and wider developments, regulatory environment, business developments and changes, operations, risk management practices and global assurance practices.
• Build and maintain effective relationships with senior management across business, functional and risk management areas to enable internal audit strategy and achievement of objectives.
• Partner with relevant stakeholders across the audit portfolio to share and leverage risk management practices, tools, and capabilities, and drive an aligned and integrated approach to assurance and risk management.
• Assess and influence risk culture across the organization, through stakeholder engagement, contribution to governance forums, and holding relevant stakeholders to account to drive the right risk culture.
• Assess, identify, and report on practices in the audit portfolio which negatively impact client experience and raise recommendations to improve client experience.
• Manage the development and maintenance of a risk assessment on all areas of risk origination and risk management within the audit portfolio, covering all the risk types to inform audit planning and reporting.
• Contribute to the development and maintenance of a risk-based, resourced, and relevant assurance plan for the audit portfolio.
• Manage the development of a risk-based audit project scope. Drive the process to ensure all relevant internal audit technical and experienced input is obtained. Manage the communication of the scope to auditees for the area under review.
• Manage the completion of audit fieldwork and audit project reporting, including drafting the audit report. Engage all relevant specialists to obtain input and agreement of the audit report.

Key Assignments and Risk Coverage

• Global Markets, Finance, Treasury and Capital Management Audits – Conducted reviews in both Kenya and Eswatini focusing on management of financial risks (Market and Liquidity), incorporating local regulations and Basel III requirements of capital management. In addition, conducted internal financial control reviews focusing on accounting and financial reporting risks at balance sheet and income statement levels.
• Governance, Compliance and Risk Management Reviews – Completed audits with focus on good corporate governance, regulatory compliance and application of controls to prevent financial crime, fraud, anti money laundering and financing of terrorism risks.
• Credit Risk – Provided assurance in credit risk across four markets (Kenya, Tanzania, Eswatini,Bostwana). Risk coverage include key credit processes (origination, evaluation, collateral, account management, recovery and rehabilitation) for credit products in different client categories. Credit products include; term loans, mortgages, unsecured lending, trade finance (guarantees, and letters of credit).
• Payments and Operation Audits – Executed payments audits in five markets (Kenya, Eswatini, Zambia, Tanzania, Uganda). Payments coverage focused on operational risks including; cyber, transaction processing, information, fraud and financial crime. The scope of coverage included; digital payments and platforms as well as physical distribution channels. Other operational audits include procurement and vendor management, stoke brokerage and insurance agency operations.

Ensure overall integrity and accuracy of the general ledger as the basis for the preparation of financial and management reports. Additionally, performed general finance functions including tax computation and remittance, accounts payable and receivable as well as budgeting and cost management.

Roles and Responsibilities

• Monitoring balance sheet movements through the balance sheet substantiation process ensuring that they reflect the correct balances and all relevant account reconciliations are performed and corrective actions taken.
• Responsibility for all journals and final General Ledger balances including review of month end balance sheet reconciliations and control accounts.
• Assisting with the preparation of Financial, Regulatory, Statutory and Board reporting including group reporting ensuring compliance with International Financial Reporting Standards (IFRS)
• Assisting with the year-end audit process and working with external auditors.
• Review existing internal and financial controls-ensuring all processes are mapped accurately. Assess weaknesses, recommend improvements and implement controls to mitigate risks.
• Provide guidance on the controls of the accounting processes for improvements to segregation of duties, document management, change control, physical security and approvals management.
• Ensure all vendor invoices are paid on time and according to Bank policies

Served in various roles at supervisor level including Incoming swift payments, Outgoing swift payments, RTGS payments and Electronic International foreign currency funds transfer as well as interbank trade settlement using different banking softwares.

Roles and Responsibilities

• High standard support to Corporate, Business and Personal Banking, providing account reconciliation information for accuracy in financial revenue collection.
• Prompt processing of payments and relaying to feedback to customers through relationship managers.
• Ensure customers and interbank payments and trades are processed and settled within Central Bank of Kenya guidelines.
• Daily and monthly reporting of Forex payments to CBK in liaison with Finance department contributing to Central Bank’s monitoring of economic sectors receipts and payments in and out of the country.
• Identify potential high risk aspects within processes, procedures and documentation of transactions.

The Kenya Institute of Management (KIM) is a leading Management Centre and offers excellent management programs at Masters, degree and diploma levels. In addition, the Centre plays a leading role in Management leadership at Corporate level, notably it plays a major role in best Corporate of the year award decision.

Roles and Responsibilities

• Part of the back room staff that verified, recorded and tallied examination results. This was performed with supervision of Chief examination officer.
• Indexing examination scripts, ensuring procedural alignment and processing of examination scripts.
• Verifying marked scripts ensuring right marks are awarded both by internal and external examiners
• System entry of results, sorting and entering of candidates results as per the procedure.
• Audit and evaluation of examination results, participating in release of final results, with recommendation based on performance, number of candidates and adherence to examination rules and procedures.