Itz Navarro Vazquez

JV Financial Controller – Corporate Finance Nov 2000 – Sep 2004 Saudi Basic Industries Corporation – Amsterdam, Netherlands Nov 2010 – Current Internal Audit Manager Aug 2013 - Current

•Maintains significant relationships and interactions with executive and senior management to understand and incorporate their input to the audit process (e.g. risks, initiatives, strategies and current operations).

•Actively work with SABIC global groups, Affiliates and Joint Ventures to evaluate and report on areas of risks to the business.

•Possess and maintain significant subject matter competencies in order to engage and facilitate internal control and risk based discussions within all layers of management.

•Incorporate globally accepted audit standards, industry frameworks (e.g. COSO, COBIT, ISO) and professional guidance materials into the audit reviews.

•Lead the Data and Visual Analytics group within the IA department; enabling efficiency, productivity and coverage gains, and the use of continuous controls auditing techniques.

•Assist the Head of Internal Audit in providing appropriate and relevant consultancy services to SABIC Management.

•Assist the Head of Internal Audit in managing the department in terms of audit methodology, quality assurance reviews, recruitment, KPIs, etc.

•Oversee strategic projects within the IA department; enabling efficiency, productivity and coverage gains.

•Provided independent, objective assurance and support designed to add value and improve the Company's operations and systems of internal controls.

•In conducting reviews, ensure compliance with corporate governance requirements within SABIC globally.

•Effectively lead, developed and maintained (recruits for) a diverse, global team of auditors to achieve the department's objectives.

•Managed co/out-sourced internal audit activities and external professional services providers on behalf of SABIC;

•Conducted global training programs for staff to ensure staff are able to perform their roles in line with management's expectations and adherence to professional standards.

•Managed internal and external (audit firms, consultants) resources for engagement on audits and initiatives to build sustainable capability.

•Participates in developing and overseeing annual audit plan;

•Reviews work performed by audit teams and provides performance feedback as part of the department's continuous improvement process.

•Review and issue audit reports containing audit findings along with improvement recommendations to SABIC business management, including a quarterly summary report to the BAC and to the VC/CEO and an annual summary report containing an internal audit opinion of the quality and effectiveness of SABIC's system of internal and operations controls.

•Conduct special investigations at the request of the BAC, the VC/CEO or senior executives and inspect accounting and IT systems with the purpose to assess the quality of internal accounting controls;

•Establish, own and maintain the assigned audit areas' Strategic Risk Assessment plans. Risk rank auditable units (tax, treasury, procurement, supply chain, order-to-cash/commercial, netback agreements, etc.) within the Audit Universe and provide input (prioritized list of dedicated business/workprocess audits and financial audits) to the Head of Internal Audit for incorporating into the Annual Audit Plan. Ensure coverage of all high risk significant components of the Business/WorkProcess Audit Universe within the prescribed audit cycle (e.g. annually, every three years). Repeat the preceding activity for each assigned audit area (HR, Legal, etc.).

•Actively work with SABIC global groups, Affiliates and Joint Ventures to evaluate and report on areas of risks to the business;

Manage Finance department with 3 FTE's

•Responsible for general ledger, cost accounting, treasury management, internal auditing, and budgetary and expense controls. Manage all processes for AP, AR, journal entries, accruals, reconciliations, month end close.

•Responsible for the company's financial plans and policies, its accounting practices, the conduct of its relationships with financial institutions, and the preparation of financial reports.

•Maintain the company's system of accounts and keep books and records on all company transactions and assets.

•Interpretation of financial performance and prepare the financial reporting package for the Corporate Controller and Chief Financial Officer.

•Assist in the quarterly board reporting, including balance sheet and cash flow.

•Coordinates and directs the preparation of the budget and financial forecasts, institutes and maintains other planning and control procedures (including the cost accounting system) , and analyzes / reports variances.

Audit, exam and inform to the CFO and involved areas of the different companies of GRUMA about the obtained results of the handballing of the business operation ; according company's policies and procedures, observing opportunity areas or if applicable making the necessary recommendations to avoid, correct and stop them to happening in the future.