Karim Stephan

Background

About Karim Stephan

Dec 2013- Jan 2019: Internal Audit Manager (CC)• Establish an audit department based on the Central Bank of Lebanon’s (BDL) requirements and international standards• Establish an audit committee and an Internal Audit activity charter• Map major processes/operations• Develop a risk assessment for the company• Plan and conduct operational, financial, compliance and risk-based audit missions to evaluate the effectiveness of internal controls to manage risks, and to determine compliance with policies and procedures• Review internal policies and procedures to ensure they are written clearly, comprehensively and provide sufficient controls• Prepare, review, and update the audit programs to test compliance with policies, best practices and regulation• Review and prepare written reports, expressing opinions on the adequacy, effectiveness and efficiency of the system or function under review• Follow up on audit recommendations to assure implementation of corrective action• Coordinate and conduct exit audit meeting with the Auditee• Perform special investigations (Fraud related or other) Jan 11- Nov 2013: Credits and Operations Auditor (BLF)• Plan and conduct operational, financial, compliance and risk-based audit missions to evaluate the effectiveness of internal controls to manage risks, and to determine compliance with policies and procedures• Review internal policies and procedures to ensure they are written clearly, comprehensively and provide sufficient controls• Review, update and prepare the audit programs to test compliance with policies, best practices and regulation• Review and prepare written reports, expressing opinions on the adequacy, effectiveness and efficiency of the system or function under review• Follow up on audit recommendations to assure implementation of corrective action• Perform special investigations • Provide adequate training to new recruits and follow up on their workNov 08- Jan 11: Branch Auditor (BLF)