Head of Risk Management
Buruj Insurance
Total years of experience :30 years, 4 months
• Focus on identifying the external and internal risks that the company faces, evaluating the likely effect of these risks, introducing a range of control measures, and monitoring and evaluating the success of these measures.
• Develop risk management strategies, risk appetite, principles, framework and policy for the company.
• Implements appropriate risk controls, processes and methodologies.
• Develop processes, with other business units and related parties, for determining, allocating, monitoring and managing capital requirements and measuring risk adjusted performance.
• Lead, develops, selects, implements, validates and maintains processes, procedures and systems for risk management
• Develop processes, with other business units and related parties, for determining, allocating, monitoring and managing capital requirements and measuring risk adjusted performance.
• Analyze and integrates risk into decision-making process to control the impact of investment decisions on the company
• Report quarterly to the Board (through RMC) on the management of risk and aggregate risk profile
• Preparing the annual risk management reporting required by SAMA .
• Measuring the market risk exposure of the company using a variety of tools including, scenarios, Value at Risk (VaR) and Economic Risk Capital.
• Lead the credit rating projects between the rating agencies and the company.
• Guide the risk committee, audit committee and Board through the risk strategy, appetite, policies, delegated authorities and limit structures.
• Monitoring and reviewing processes to ensure risk and compliance arrangements are in place.
• Conducting audits of policy and compliance to standards, including liaison with internal and external auditors.
• Providing support, education, and staff training, commonly at the management level.
• Preparing the annual risk management reporting required by SAMA .
• Planning, designing, and implementing an overall risk management process for the organization by developing operating models.
• Undertake Root Cause Analysis workshops with incident owners and assist with the identification of corrective actions.
Secretary of the Risk Management Committee
Business Continuity Program Manager
• Reviews and approves the ORAP “Operational Risk Assessment Procedure”.
• Prepares the road map of BASIL II and ensure that the operational bank is taken care of.
• Oversees the BOLD “Bank’s Operational Loss Database”.
• Reviews and investigates all inputs in BOLD system.
• Coordinates with the business units to understand the issues they are facing in terms of loss and find a reason for that loss.
• Provides a background and awareness for the business units on the risk control self assessments.
• Ensures the increase and enhance in awareness of operational risk across SHB.
• Participates in the development of the Operational Risk strategy to ensure the alignment with SHB’s strategy.
• Participates in the development of Operational Risk policies.
• Manages the day to day operations of Operational Risk in order to achieve high performance standards.
• Reviews all departmental report for accuracy and completeness to ensure that they conform with the bank and department requirements, policies and standards.
•Coordinate, participate and review the Fraud Risk Assessment assignment.
•BCM “Business Continuity Management”
-Initiate Full bank review for Business Continuity testing with all Business area.
-Enhance BCM test plan.
-Review test results and test procedures.
-Recommend changes to the disaster recovery site (covering SAMA requirements for working environment).
-ORM Coordinator for BCM
• Assist management in identifying and containing risk, monitoring, reporting and certification of compliance Risk assessments.
• Fostering compliance culture and coordinating with the Head of Compliance on issues related to Treasury (Front and Back Office).
• Review audit reports to ensure compliance with the recommendation, by setting up a monthly schedule of follow up with the respective departments.
• Review and implement the SAMA, Group and other regulatory directives in the Treasury.
• Maintain and managing Compliance Risk Assessment.
• Managing, reviewing, and updating the authorization limit table regularly to ensure all limits are up to date.
• Ensure that the KYC standards and ISDA agreement are adhered to for all new and existing relationships.
• Ensure that the Areas of Responsibilities / Compliance Chart of Treasury is reviewed and applied by all Officers.
• Submit all required periodic returns to SAMA / Group and other authorities.
• Prepare the Quarterly AML report for the Head of Compliance.
• Maintain SABB internal control standards, including the timely implementation of internal and external audit points together with any issues raised by external regulators’.
• Ensure that all staff complies with the “Chinese Wall Policy”.
• Maintaining viable recovery strategies and plans to ensure all Treasury units can recover their critical activities following a major incident.
• Implement the mandated policies and procedures.
• Ensure that all risks posed to Treasury are properly addressed, providing timely and high quality analysis of TSY information for supporting Operational Risk Management.
• Review and update the Key Risk Indicators, Risk Heat-map for Treasury and ensure their implementation and monthly review by the ORIC.
• Ensure that ORION system is updated for Treasury (Back Office and Front Office) with the Risk indicators and by doing a regular Risk assessment and updating for operational losses, and near misses.
• Managing and monitoring staff training and job rotation.
• Being the BIRO “Business Information Risk Officer” for the Treasury:
- Ascertaining a strict policy on information flow that is intended for internal and external transmission.
- Protecting and controlling information risk within the department.
- Coordinating and supporting the successful implementation of SFR’s “Security & Fraud Risk” information security initiatives in the business.
- Reporting to the Business head, copy to SFR of any breaches / incidents of information security.
• BRCM “Business Risk Control Manager”:
- Responsible and accountable for day to day processes and controls.
- Ensure all risks within the business are identified, mitigated and monitored through an appropriate control environment.
- To provide a mechanism to gain assurance over the consistency of operation and implementation of controls.
• Ensure high operational standards by the application of internal controls and compliance guidelines
• Ensure the success implementation of Basel II as well as other operational risk recommendations:
- KRI
- Risk Identification and Area of Responsibility
- Risk Heat map
- Deficiencies and incidents
• Implementing audit recommendations, maintaining control registers and diligently checking various on and off line reports
• Discharges the responsibilities of Local Compliance & Operational Risk (including AML compliance) for the Treasury business and Financial Control Department.
• Managing GL and Suspense accounts reconciliations to ensure outstanding items are cleared and entries accounted and matched to record
• Highlighting discrepancies in the Exception reports generated by treasury system
• Reviewing the Payment function for compliance with bank's policies and procedures
• Coordinates the settlement of claims related to payments and receipt of penalty and back valuation charges
• Managing the New account opening documentation in order to ensure performance of KYC before the account is set up
• Managing, reviewing and updating the authorization limit table regularly to ensure all limits are up to date
• Ensure that SAMA and HSBC AOR checklist is verified for compliance by the various units
• Monitor various Key Risk Indicators periodically to minimize the bank’s overall risk
• Monitor number of deals resulting dealer positions limit excess
• Monitor SCC “Special Category Customer” transaction with Treasury
• Monitor Treasury deal activities for any suspicious transaction
• TSO Information & Monthly Statistic
• Managing and monitoring staff training and job rotation
• BCM “Business Continuity Management” Coordinator
- Maintaining BCP “Business Continuity Plan” and BIA “Business Impact Analysis”
- Testing and operation of the Disaster Recovery (DR) site.
- Raise awareness of Business Continuity Planning issues within the departments.
- Maintaining business resumption procedure.
• Oversee operations settlement and development of the Operational Treasury function.
• Manage cash management functions, including daily cash position, wire transfer, account transfers, and bank account administration.