Manager Risk and Compliance then Head Enterprise Risk Management
Qatar Petroleum
Total years of experience :29 years, 1 Months
INITIAL ACHIEVEMENTS
- Successfully supervised project of formalisation of risk management framework
- Review of corporate governance framework and scoping of project to create, formalise and structure framework
- Review of compliance framework and scoping of project to create, formalise and structure framework
RESPONSIBILITIES
Risk Management
Tasked to formalise, establish, develop, lead & manage Risk Management function
Compliance
Tasked to create, formalise, establish, develop, lead & manage Compliance function
Corporate Governance
Tasked to create, formalise, establish, develop, lead & manage Corporate Governance activities
MAJOR ACHIEVEMENTS
- Successfully created and implemented a group wide risk management function and implemented a fully functional risk management process
- Successfully created and implemented a group wide internal audit management function and develop a transformation process from outsourced solution to a co-sourced solution
- Successfully created and implemented a group wide corporate governance function and designed a group wide corporate governance framework
- Successfully created and implemented a compliance management function for subsidiaries in offshore regulatory environment e.g. Qatar Financial Centre
- Successfully created and implemented a framework and process to deal with outsourced consultants and advisors
RESPONSIBILITIES
Risk Management
Create, develop, lead & manage a Risk Management Department inclusive of units for Operational Risk, Insurance Risk, Market Risk, Credit Risk, and Technology Risk || Manage insurance risk end-to-end covering Bankers Blanket Bond, Directors and Officers Liability, Professional Indemnity, Electronic Crime || Fraud risk management end-to-end; proactive analysis, monitoring, investigations, reoccurrence prevention, litigation (criminal & civil), recoveries || Represent Risk Management in the following committees: Risk, Management, Credit, Asset & Liability, Product Development, Strategic Business Planning, Executives, Budgeting, IT Steering, Legal Risk, Asset Management, any other committee requiring risk related inputs || Assess the framework for credit risk management, report deficiencies, recommend areas of improvement; monitor exposure & risk limits for credit risk exposures || Design, implement, monitor & periodically test business continuity & recovery plan in consultation with IT & other business units & support functions
Internal Audit
Create, develop, lead, manage & coach Group Internal Audit function || Develop co-sourcing solution with external service provider || Develop & manage strategy for Group Internal Audit || Annual risk review challenging management on identification & prioritisation of risks & opportunities || Define risk profile of auditable units || Planning & implementation of internal controls & corporate governance policies || Develop risk & systems based audit approach || Develop annual audit plan & lead the design, planning & execution of financial, operational, & compliance audits to determine adequacy of systems of internal control & degree of compliance with controls || Attend Board Audit Committee & present on all internal audit activities & business inefficiencies || Provide recommendations on improvements to current processes & systems to support growth of business || Develop strategy for managing action plans to be implemented with regards to progress || Build database for action plans || Develop reporting mechanism for monthly & quarterly reporting of progress of action plans
Compliance
Create, develop, lead & manage Compliance functions for some subsidiaries operating in regulated jurisdictions || Plan, design, implement & maintain compliance programs, policies & procedures ensuring compliance with laws & regulatory requirements || Oversee implementation of AML/CFT systems & issues relating to the prevention of money laundering & terrorism financing || Validate updates to Compliance & AML/CFT policies & procedures manuals to ensure compatibility with laws & regulations
Corporate Governance
Create, develop, lead & manage a Corporate Governance & Control Unit || Designed and facilitated implementation of complete corporate governance framework |||| Designed, facilitated implementation, monitoring & amend policies, procedures, limit structures & authority matrices |||| Planning & implementation of internal controls & corporate governance policies
MAJOR ACHIEVEMENTS
- Successfully assisted with the integration of 3 employer merger and integration processes
- Efforts and initiatives saved employer in excess of US$12m fraud losses by recoveries and/or preventions
- Successfully created and implemented a group wide corporate risk function and implemented a fully functional risk management process
- Successfully created and implemented a group wide forensic audit function which was the 2nd in-house department of its kind in South Africa
- Successfully integrated Risk, Compliance, Legal and Contracts functions after sale and merger of employer
RESPONSIBILITIES
Risk Management
Create, develop, lead & manage Corporate Risk Department || Facilitation of enterprise risk management process || Facilitation of operational risk management process || Assist with initiatives to implement group wide Basel II risk management solution || Identification and assessment of process level and project related risks || Project risk management assessments || Updating and maintaining business continuity plans
Compliance
Create, develop, lead & manage Compliance Department || Set up compliance regime covering implementation, managing and monitoring of total compliance solution || Provide assistance & advice on compliance issues to business units for new business, products & regulatory initiatives || Monitor and document portfolio compliance requirements including the maintenance of data on compliance and risk management systems || Provide compliance advisory services to all entities & business units with regard to statutory, industry, & portfolio compliance requirements || Compliance training || Know-your-customer requirements & review || Suspicious transaction monitoring & reports || Monitor personal account trading || Compliance manuals, policies, procedures & training || Developing, drafting & updating procedures, processes, policies & related training programmes & manuals
Forensic Audit
Create, develop, lead & manage Forensic Internal Audit Department & providing services & support to the following subsidiaries: Asset Management, Real Estate, Unit Trusts, Individual Life Insurance, Group Benefits Insurance, Investments, Bonds, Trusts, General Short Term Insurance, Health Insurance, Funeral Benefits, Medical Services, Clinics, Pharmaceuticals || Fraud risk assessments || Litigation support || Civil litigation for loss recoveries || Business Loss Risk Reviews & Analysis || Due diligence reviews || Asset tracing & recovery || Civil Litigation || Commercial crime investigations || Computer security reviews (physical, logical) || Contractual disputes || Criminal Litigation || Disciplinary hearings || Employee fraud investigations || Formulation of fraud response plans & fraud policies || Fraud Detection || Fraud Policy Management || Insurance claim investigations || Investigative accounting || Labour Court hearings || Labour Litigation || Liaison with Law Enforcement Agencies || Litigation support || Malpractice investigations || Medical aid & services investigations & membership abuse || Motor vehicle accident claim disputes || Personal injury claims || Prevention/Detection Control analysis
Legal & Contracts
Develop, lead & manage Legal Department || Manage legal risk || Legal opinions with respect to legal disputes with clients, regulators & counter-parties || Arbitration & mediation || Dispute Analysis || Manage incoming & outgoing litigation || Liaise with external attorneys & advocates
MAJOR ACHIEVEMENTS
- Successfully created and implemented a Forensic Internal Auditing & Accounting Department which was the 1st in-house department of its kind in South Africa
- Successfully created and led a number of industry wide interest groups
- Was at one stage the major pioneer, innovator and leader in the financial services industry in the forensic auditing and accounting field at corporate level
- Created a benchmark for in-house corporate forensic solutions
RESPONSIBILITIES
Divisional Manager: Group Internal Audit Services - Forensic Audit
Create, develop, lead & manage Forensic Internal Auditing & Accounting Department || Service all subsidiaries in group including: Asset Management; Real Estate; Unit Trusts; Individual Life; Pension Fund Benefits; Investments || Conduct all fraud investigations end to end || Prepare evidence for resulting court cases || Liaise with law enforcement agencies || Represent group in court cases || Monitor & record incidents of fraud in Group || Prepare fraud reports for Audit Committee meetings || Executive Management Committee & Board meetings || Co-ordinate corrective action in respect of frauds committed
Assistant Manager: Group Internal Audit Services - Internal Audit
Plan & conduct audits on various departments' activities || Preliminary surveys & prepare audit programs || Evaluate effectiveness of internal controls as reflected in policies, procedures & practices || Determine the reliability & accuracy of financial records || Evaluate the degree to which operational management's practices are conducted in an efficient & economic manner || Ensure that operations confirm with group policies & standards || Evaluate various computer systems || Assist with the designing, maintenance & upgrading of various computer applications || Design & utilize various computer applications for extraction of data in audit tests || Discuss deficiencies with operational management & recommend corrective action || Compile & submit reports on findings to the Audit Committee & board of directors || Examine & evaluate the adequacy & effectiveness of group's companies' systems of control & quality of performance in meeting objectives
