Head of Risk & Governance
PETRONAS Lubricants International
Total des années d'expérience :36 years, 5 Mois
Overall responsible for oversees the implementation and development of an integrated risk measurement and Enterprise Risk Management (ERM) Framework for all aspects of risks, governance, compliance, credit control and treasury activities across the Company and its subsidiaries.
There are 24 downstream entities reporting to Risk & Governance i.e. Malaysia, China, India, South Africa, Brazil, Argentina, North America, Italy, Turkey, South Africa, Poland, Netherland, Germany, United Kingdom, France, Spain, Portugal, Belgium, Denmark, Egypt and South East Asia region.
ON THE JOB ACCOMPLISHMENTS
1. Established the Risk Management and Governance Department in PLI.
2. Formulate the ERM's tools, reporting, strategic risk planning, risk register, key risk indicator, risk profiling across the business entities.
3. Develop risk appetite, risk parameter, risk matrix and conduct gap analysis, process improvement across business entities.
4. Will act as a subject matter expert to business areas on assessing risk, including change management.
5. Develop a centre of excellence for managing risk using the skills sets of individual risk managers within business entities.
6. Assess and monitor credit risk aspects in credit processes and credit evaluation activity.
7. Risk assessment and due diligence on merger and acquisition, capex, project financing, country risk (new identified business entity), selection and reviewing of vendor for supply chain, insurance broker, legal performance, sourcing activity, logistic and others.
8. Review and develop policy, guidelines, manual, checklist and operating procedures across business entities.
9. Ensure credit control activity is effectively manage in order to maintain the company asset quality such as analysis in Trade Account Receivables, overdue accounts and credit limit monitoring across business entities.
10. Ensure that a company's internal controls, procedures and mechanisms are functional and governance processes are adequate and in compliance with regulations, policies and senior management's instructions.
11. In the process of developing SAP access and financial process control in accordance with SOX compliance.
12. Shaping the risk culture and create risk awareness within the organization.
WORKING EXPERIENCE
Overall responsible for leadership and management of Credit Audit. Responsible for conducting an audit and credit review on all phases of the credit functions, credit risk management processes and portfolio quality on Corporate, SME and Retail Financing (Credit audit is a very specialized form of audit. Officers need to be specifically trained so as to ensure they have the required skills to lead and carry out a proper audit such that the credit risks, weaknesses in the credit process and portfolio quality are properly identified and highlighted)
ON THE JOB ACCOMPLISHMENTS
1. Established the credit audit department in Al Rajhi Bank.
2. Formulate the credit audit framework, manual and risk-based audit covering Corporate, SME and Retail Financing.
3. Setting-up the Credit Audit/Compliance as the primary channel of communications between the company and its Credit Supervisory Board to ensure that the company's policies, procedures, products, services, processes and financial reporting are in compliance with the applicable laws, principles and guidelines.
4. Oversee the implementation of the audit plan for the section to ensure that the audit plan is executed effectively which includes Post Approval Review, Post Mortem Review and Credit Review.
5. Post mortem review conducted on "problematic accounts" to highlight financing gaps and provide corrective recommendations to strengthen the appraisal process.
6. Representing and participate in key project implementation and policy review on consultative basis; effectively participate any meeting on behalf of the department.
7. Managed to complete 100% of audit assignments within 8 months against the audit plan amid having inadequate manpower.
8. In particular, the need to provide management with a fair and balance assessment of the Credit Risk Management Process and Portfolio Quality must be emphasized so that corrective action could be carried out in a timely manner, and in turn protect the bank against unforeseen Credit Risks.
9. Know what the acceptable ratings are and what ratings determine the next Credit Audit.
Entrusted to manage the Internal Audit functions of the company, reporting directly to the Audit Committee and administratively to the Managing Director/CEO
ON THE JOB ACCOMPLISHMENTS
1. Formulate the internal audit framework, audit charter, manual and risk-based audit in line with the organization mission and vision. (Internal Audit is a new department in MDV)
2. Strategize, plan, design, organise, manage, lead, implement, supervise, coordinate and control annual audit plan and other ad-hoc assignments, projects and tasks.
3. Continuously initiate process and efficiency in the use of organization's resources through value money audits.
4. Lead special assignments/projects such as fraud or other confidential investigations on need basis.
5. Verification on the implementation of FRS 139.
6. Evaluate various risk aspect such as Investment Risk, Credit Risk, Financial Risk, Market Risk, Insurance Risk, Asset Liability Management, Liquidity Risk and Operational Risk.
6. Verification on the implementation of the new Integrated Loan/Financing System (Steering Committee)
7. Ensure risk issues, risk gaps, internal control weaknesses, risk management and governance issues are identified and highlighted in the audit report.
8. Appraise, evaluate and report to the management on the effectiveness and need for changes in internal controls - Implementation of Risk Self-Assessment.
9. Assist in inculcating an organization-wide culture of risk awareness and management - Conduct yearly training on risk awareness to the Management Team and departments; and to the new recruited staff
10. Conduct post-approval, credit review and post-mortem on non-performing financing and presented lesson learned case study to Senior Management for improvement.
11. Adopted and inculcate new audit coverage on Business Continuity Management (BCM) program on all auditable units. Internal Audit highlighted to the management the importance of BCM as in involved holistic management process that identifies potential threats to an organization and the impacts to business operations.
12. Works cooperatively with other departments, helping to improve their operations. This approach is particularly evident on projects that involve new programs or processes.
13. The management and audit committee appreciates internal auditing new service approach and staff actively seek the internal audit department's assistance. Internal audit is increasingly regarded by the management and staff as a valuable contributor to effective, efficient program delivery.
Whereas the auditors were once perceived by management as adversaries, today we are seen as valued and respected business partners.
14. Lead, manage and conduct strategic, high level audits such as Management Control and Governance Review and conduct trainings as part of consultancy services to management. IA develops a focus on business performance, not just the performance of controls.
12. Supervise and coach junior officers on their work duties and general credit areas.
13. Provide support and advisory assistance to Business/Credit units to facilitate their compliance with credit and regulatory guidelines.
14. IA recommended monitor NPL risks with a risk template to speed loan approvals and to shorten annual reviews.
Responsible for the full spectrum of internal auditing from planning stage to the preparation and finalisation of internal audit reports in managing and leading complex credit audit functions and investigations in broad cross-border financing and technical audit assessment/due-diligence processes.
ON THE JOB ACCOMPLISHMENTS
1. Setting-up the Credit Audit and Investigation Department.
2. Formulate the credit audit framework and investigation & forensic audit charter and manual (It's a new department in Exim Bank)
3. Develop the internal Audit Grading based on COSO model.
4. Constantly conduct Credit Review and Post-Approval Audit on cross-border financing, trade financing and re-insurance.
5. Lead special assignments/projects such as fraud and accounts showing red flags indication.
6. Credit surveillance on existing accounts i.e. pattern on utilisation of credit facility, identifying abnormal transaction and deteriorated account performances
7. Conduct credit stress-test on corporate accounts.
8. Portfolio analysis on Business financings to identify customers risk profile and assist management in their business plan.
8. Verifying, analysing and validate the Technical Assessment Report prepared by the Technical Advisory Department on technical aspects of projects such as manufacturing, infrastructure, shipping, property construction, telecommunication to ensure technical risk and performance risk are properly mitigated and the project viability and costing made within industry standard.
9. Among the concerns highlighted is the possibility on variation order, cost overrun, project delay. The infrastructure project covers highway construction, power generation, power transmission, water and waste treatment, transportation, residential and industrial building etc.
10. Analyse in details project implementation schedule/project baseline. The assessment is made on the activities/milestone of the project as per the market /industry practice.
11. Keep track on the physical progress of the project and identify any variation order, red flag on sign of problem project, major changes to the contract terms which may affect the completion date.
12. Perform on-site credit reviews (inspection) of individual Corporate/ Commercial/ SME credits at Lending Units to ascertain adequate standards of credit appraisal and monitoring; and quality of approved credits and credit portfolio.
13. Identify distress indicators from a company's operations, financials, management and markets to facilitate early action.
14. Perform a strategic review of a borrower to determine viability to meet loan/debt obligations.
15. Conducting post-mortem review for selected non-performing loans via evaluation and assessment to determine causes of failure, lesson to be learnt and recommendation.
Investigation Department (2004 - 2008)
JOB SUMMARY
Developing and implementing fraud prevention and detection programs focusing on builds, recruits, develops, and leads a fraud response team through the critical elements of crisis response, damage quantification, litigation support, asset recoupment, and fraud detection and prevention.
Management &Subsidiary Audit Department (2002 - 2004)
JOB SUMMARY
Responsible in auditing Divisional and Departmental in Head Office, Credit Card Centre, Investment Banking and Commerce-Asset Assurance
Small Business, Corporate, Treasury and International Branch Audit Department (1998 - 2002)
JOB SUMMARY
Responsible in auditing Small Business Centre (SME), Business Banking, Corporate, Recovery, Treasury Division and International branches.
Branch Audit & Auto Finance Audit (1993 - 1997)
JOB SUMMARY
Responsible for conducting all phases of the full branch audit and auto financing audit processes, lead, supervise audit team and review audit findings prior to submission to the Head and Chief of Internal Audit.
Responsible for marketing and supervision of corporate loans and remedial management of problematic accounts in Head Office, the largest loans portfolio in MBF.
Responsible for executing branch operations, trade financing, credit & marketing and customer service.
2010 - 2012 National University of Malaysia (UKM) MBA Finance
2004 - 2010 Mara University of Technology Bachelor of Legal Studies (Hons)
1989 - 1993 Mara University of Technology Diploma in Business Studies (Finance)