Director
Epsilon Global Consulting
Total years of experience :14 years, 10 Months
Was the Delivery Head, Pre Sales Head and acted as Business Development Head for the company in Dubai & Kuwait;
Successfully conducted audit of Risk Management & ICAAP process for one of the largest Islamic Bank in Abu Dhabi, UAE;
Successfully developed the risk management framework including BASEL III regulations (Capital & Liquidity Regulations including LCR & NSFR) for one of the Saudi Arabian Islamic Bank and conventional Bank in Abu Dhabi;
Successfully developed the compliance risk framework and compliance monitoring plan for one of top 5 Conventional Banks in Dubai, UAE;
Successfully executed the assignment on AML & Compliance Monitoring framework for one of the international Bank in Dubai & Kuwait;
Developed Operational Risk RCSA questionnaire and successfully executed the same across a foreign Bank Branch in Kuwait;
Developed Corporate Governance policies and procedures for investment companies in Kuwait;
Conducted trainings at Institute of Banking Studies on BASEL III (Risk Management) and AML and was appreciated by the institute and the participants alike; and
Developed a team of 60 strong Consultants, handpicked, for delivering the project in the area of AML, Compliance & Risk Assessment space.
Implementation of Corporate Governance (CG)
Reviewed the existing Corporate Governance framework and conducted a Gap analysis vis-à-vis the final instructions issued by CBK.
Prepared the CG Compliance Quarterly Report to CBK including developing the responses for the CBK checklist on CG.
Engagement & Syndication, along with the consultant, of Board Secretary and members of the Executive Management on the implementation of Corporate Governance through workshops/meetings etc.
Developed/ revised, along with the consultant, the key policies/charters/framework of the bank as part of the overall CG framework including Board Risk Committee Charter, Board Nomination & Remuneration Committee Charter, Board Corporate Governance Committee Charter, CG Policy, Disclosure Policy, Remuneration Policy, Conflict of Interest & RPT policy, Stakeholder Protection Policy etc.
Reviewed and revised, along with the consultant, the existing Organizational chart, in the light of the CBK instructions on CG.
Reviewed and revised, along with the consultant, the roles and responsibilities of key stakeholders of CG framework including BOD, Chairman, Board Secretary, CRO & Key members of the Executive Management.
Developed Whistle Blowing Policy & External Audit Management Policy of the Bank.
Developed the Reporting Pack for new Board Committees and revised the reporting pack of existing Board Committees.
Revised the Charters of the management level committees to reflect the changes as part of the new CG framework.
BASEL III
Nominated by the bank to Central Bank of Kuwait- Capital & Risk Coverage Working Group Committee for the implementation of BASEL III in Kuwait.
Engaged in the BASEL III Implementation project in Kuwait undertaken by Central Bank of Kuwait. (EGM Risk - dotted line reporting, being part of the Steering Committee)
Developed the response document to Central Bank of Kuwait on BASEL III proposed reforms and implementation plan, in coordination with other banks in Kuwait (Kuwait Banking Association).
Conducted a quantitative and qualitative impact assessment of the BASEL III regulations on the bank
Nominated as the Secretary to the bank’s BASEL III implementation core group.
Operational Risk & Risk Policies
Review & Revise the Investigation Policy along with the Staff Disciplinary Action Policy of the Bank.
Developed the Risk Convergence document to avoid duplication of efforts of various control functions.
Review the Operational Risk VaR model and Operational Risk Framework and set up the bank-wide reporting structure for High Operational Risk Open Issues for CEO.
Developed methodology for Remained Operational Risk and Remained CRM risks for the purpose of computing Pillar II capital charge.
ICAAP & Stress Testing
Conducting the ICAAP Exercise for Board on a quarterly basis and for Central Bank on a semi-annual basis for both ABK and Ahli Capital (subsidiary of the bank)
Conducting Pillar II Capital Computation & Stress testing exercise for the Concentration risk including Name & Country concentration and for IBD Banks exposure.
Reviewing of Risk Appetite statement and monitoring key parameters of inherent risk for various Pillar I & Pillar II Risk of the bank.
Developed the Market Risk- Pillar II Capital Computation methodology by using the concept of variance-covariance VaR and BASEL 2.5.
Developed the House Limit Methodology by Risk Grade by using the concept of Economic Capital for the purpose of calculating name concentration risk.
Developed and implemented the capital allocation matrix in the bank based on the economic capital.
Conducting the self-assessment exercise for each of the risk unit within the bank.
Developed the CAMEL- BCOM Assessment Scorecard for internal assessment of the bank’s credit rating, as conducted by the Central Bank.
Project 3: BASEL III Consultative reforms
Conducted an quantitative and qualitative impact assessment of the BASEL Proposed reforms (BASEL- III) on a leading commercial bank in Bahrain
Project 2: Risk Policy & Procedure
Developed risk policies & procedures for Pillar 1 & Pillar 2 risks like Operational, Liquidity Risk.
Developed Contingency Funding Plan, to be triggered under stress conditions
Project 1: Enterprise Risk Management, Islamic Investment Bank
Setting up a Risk management department and working closely on the computation of various material risks including credit, market, and liquidity risk.
Development of risk appetite statement and setting of associated risk and exposure limits for implementation of Credit Risk & Liquidity Risk Management.
Monitor and report the level and trend of key risks by co-ordinating with Treasury and senior management.
Industry Analysis & Developnment of the IRB Model for Credit Risk.
Succesfully cleared Part-I exam of FRM conducted by GARP. Candidate for FRM- Part II exam ( Nov'12)
Succesfuuly Completed CFA Charter From ICFAI India
Was Selected for representing the College to France as part of the International Student Exchange programme. Was the Head of International Exchange Programme Student Committee.
International Student Exchange Programme.
