Bilal Razzaq
Manager, Risk & Control
Amsterdam
Summary
Experienced, intrinsic motivated and self-starting professional / manager with strong background in Internal Controls, Audit and Financial Accounting & Reporting. Contributed at various multinational companies in complex environments. Also, participated in large transformation / improvement projects with successful contributions including towards large scale acquisitions . Besides that, also experience in leading teams 3-6 FTE.
Overview
20
20
years of professional experience
2018
2018
years of post-secondary education
9
9
Certifications
Work History
Manager, Risk & Control
Archer Daniels Midland Company
03.2022 - Current
- Overall additional responsibility to the Business Process Control Lead role
- Co – leading Risk & Controls project workstream with active participation in overall leadership sessions (Management Team) related to the 1ADM SAP S4/Hana global deployment
- Overseeing performance, providing mentoring & managing workflow of team across regions
- Project planning activities including staffing
- Developing training materials for the team and control / process – owners
- Provide end user trainings on Business Process Controls
- Performing Risk Assessments on a per release / increment basis
- Assessing data conversions from source to target systems
Business Process Controls Lead
Archer Daniels Midland Company
02.2021 - 02.2022
- Part of the Global Risk & Controls team, involved in the 1ADM global ERP global transition program deployment to SAP S4/Hana
- Drive standardization of internal controls design within SAPS/4HANA in liaison with Global Process Owners to focus on streamlining and standardizing controls
- Develop SAP S/4HANA internal controls documentation and testing procedures for both manual and system enabled controls, such as key configurations, inherent functionality, system integrations/interfaces, and security (segregation of duties and sensitive access)
- Create detailed manual control procedures and training materials (including conducting training) for Control - owners to ensure that controls are appropriately developed and implemented by to address relevant financial assertions / risks
- Create functional test procedures and control automation narratives and execute testing for system enabled controls such as key configurations, inherent functionality, system integrations/interfaces, security (segregation of duties and sensitive access), and custom reports
- Identify pain points in control design, execution and assist with transition from the current state of compliance to the ‘to be’ state and design efficient and effective solutions
- Identified key pain points and addressed these to the core project team which lead to improvements / mitigation of risks like access to information / segregation of duties enhancement (SOD)
Global Risk and Controls Analyst
Archer Daniels Midland Company
07.2017 - 01.2021
- Part of the Global Risk & Controls team with overall role and responsibilities towards ensuring proper execution of the Risk and Control Framework (SOX Compliance) and involvement in projects (M&As, ERP deployment, Business Process Outsourcing)
- Oversight of the Global SOX programme including monitoring of documentation and test‑results
- Execute Risk Assessments and maintenance of the Global Risk and Control Matrix including Entity Level Controls (ELCs)
- Develop Management testing plans for the SOX business process controls
- Review audit work‑papers for both Business Process Controls and IT General Controls (ITGCs) and validate these as final reviewer, prior to issuing management report
- Oversee Control Self‑Assessments for an Internal Controls perspective (10Q / 10K Filings)
- Liaise with external auditors, control coordinators, business unit controllers, control ‑ owners, project‑leads etc
- Review and validation of remediation plans for deficient controls and drive improvements
- Provide regional trainings on Internal Controls / SOX
- Involved in large scaled projects
- Successfully implemented Internal / SOX controls for a large acquisition (>$2 billion) at the headquarters of the acquired company in France and Vietnam with collaboration of a consulting firm of which I have supervised
- Involved in a global business process outsourcing project within the P2P (Procure to Pay) process where I have identified key gaps and written a memo to management resulting in an improved decision
- Various improvements achieved leading to efficiencies, standardization, accountability (RACI)
Regional Internal Control Manager / Expert
Royal Philips NV
09.2015 - 07.2017
- Responsible for internal controls / SOX ‑compliance within Benelux (Belgium and Netherlands) and Nordics (Norway, Denmark, Finland and Sweden) region
- Maintaining Internal Control Framework (including SLA management of controls)
- Performing risk assessments, performing quality assessments (Gap Analysis)
- Providing internal, external audit support / coordination
- Providing trainings, roll‑out sessions
- Co‑ Responsible cross sector for Market to Order (M2O), Order to Cash (OtC) & Record to Report (R2R) internal controls (control‑design)
- Responsible for validating audit issue remediation, participation in Internal Finance and Compliance Audits
- Leading Quarterly Self-Assessment / Risk sessions with Management (CEO / CFO) of the various entities under my responsibility (Organisations in scope: Sales, Lighting, Factories, Enabling Functions (HR, Tax, HQ)
- Improvement of the Internal Control Framework including Compliance Framework at various sites (Belgium and Denmark location)
Financial / SOX Auditor
Delta Lloyd NV
09.2013 - 08.2015
- Providing assurance on the Delta Lloyd NV Financial Reporting Risks through audits (test of operating effectiveness on the business / SOx controls and end user computing tools) at various divisions within Netherlands, Germany and Belgium
- Furthermore, also involved in overseeing new team‑members and overall point of contact for enabling functions
sr. Accounting & Reporting Specialist / Team Coordinator
Delta Lloyd Asset Management NV
11.2008 - 09.2013
- Fulfilled a specialist role in Fund Accounting for internal and external managed investment funds for approximately 3 years and last 2 years involved in team – coordination / supervision of 6FTE
- Besides that, I have been an active member of the group project‑team and involved in various change management and improvement projects (i.e
- Setting up In House Bank, Creating Fund Structures, Set‑up of regulatory reporting for De Nederlandse Bank (DNB), Valuation topics, automation (lead‑time reduction, compliance improvement / exception reporting, transformation of the finance function etc.)
Finance Professional (Interim)
Centric Financial Consultancy
04.2007 - 09.2008
- Various assignments ranging from (project, business, financial) ‑ Controlling, Accounting, ERP project implementation, Auditing at different companies within Netherlands (i.e
- Ecolab, Demaco Holland, Centric Financial Consultancy, CMD Vitras)
Internal Audit Employee
GE Artesia Bank
06.2006 - 04.2007
- Mainly involved in supporting activities related to preparing the Audit Committee draft and providing various support and input on the audit findings
Internships
09.2004 - 04.2006
- Fulfilled three internships: @Generali Insurance group at Internal Audit Department (8 months), @Municipality of Zaanstad at Planning & Control Department (8 months), @Language Partners (5 months)
Education
Master of Science - Business Management Studies
University of Salford / Salford Business School
Post Graduate - Controlling
The Hague University of Applied Sciences
Bachelor’s Degree - Business Economics / Accounting & Finance
University of Applied Sciences Amsterdam
Skills
Risk management
Relationship building
Cross-functional teamwork
Continuous improvement
Staff training and development
Project planning
Self motivation
Change management
Problem-solving abilities
Microsoft Office
Azure DevOps
SAP S4/Hana
Certification
09/01/23, CIA (Certified Internal Auditor), currently on self-paced basis
Timeline
Manager, Risk & Control
Archer Daniels Midland Company
03.2022 - Current
Business Process Controls Lead
Archer Daniels Midland Company
02.2021 - 02.2022
Global Risk and Controls Analyst
Archer Daniels Midland Company
07.2017 - 01.2021
Regional Internal Control Manager / Expert
Royal Philips NV
09.2015 - 07.2017
Financial / SOX Auditor
Delta Lloyd NV
09.2013 - 08.2015
sr. Accounting & Reporting Specialist / Team Coordinator
Delta Lloyd Asset Management NV
11.2008 - 09.2013
Finance Professional (Interim)
Centric Financial Consultancy
04.2007 - 09.2008
Internal Audit Employee
GE Artesia Bank
06.2006 - 04.2007
Internships
09.2004 - 04.2006
Post Graduate - Controlling
The Hague University of Applied Sciences
Bachelor’s Degree - Business Economics / Accounting & Finance
University of Applied Sciences Amsterdam
09/01/23, CIA (Certified Internal Auditor), currently on self-paced basis
12/01/15, Lean End2End Foundation, Philips University, 1 month
03/01/15, Solvency II, 9 out of 10, online
08/01/14, Professional Development program, 1 year, de Baak
07/01/14, COSO II ERM, certificate achieved, 2 days
06/01/12, Lifecycle of a Trade, Total Solutions, certificate achieved
07/01/10, Personal Effectiveness, Vergouwen Overduin, 3 months
04/01/09, IFRS foundation course, AvansPlus, 3 months
03/01/09, Investment Accounting Course, SSC, 9.4 out of 10, 3 months
Master of Science - Business Management Studies
University of Salford / Salford Business School
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