Riz Ahmed

• ERM Framework Ownership: Led the design and implementation of the enterprise-wide risk management
framework for the Energy Division, encompassing risk identification, assessment, monitoring, and structured
escalation to senior leadership and the NEOM Board. Reviewing operational energy risks.
• Top Corporate Risks (TCRs) Oversight: Maintained and continuously validated the top corporate risk
register across the Energy Entity, ensuring timely reporting, ownership accountability, and mitigation tracking
aligned to executive expectations.
• KRI Reporting: Developed and maintained Key Risk Indicators for corporate-level reporting, providing regular
updates to the Management Steering Committee and senior stakeholders on operational risk exposure and
control performance. Ensuring operational energy & financials risks are reported with clarity.
• Annual Risk Assessment Leadership: Led the periodic corporate risk assessment across all business lines,
guiding frontline teams in identifying, assessing, and documenting risks using standardized templates
consistent with enterprise governance standards.
• Operating Model & Control Framework: Delivered two full operating models including Policy, RACM, and
RACI matrices for Power Revenue Contracts and Commodities Sourcing, ensuring controls are embedded
throughout the commercial lifecycle. Controls relation to operational delivery of energy products.
• Successful completion of two Operating Models, having created Policy/DoA/RACM/RACI matrix for Power
Revenue Contracts and Commodities Sourcing Op Model. Completion of the lean Energy Procurement
lifecycle; having worked heavily with GRC & Central Procurement.
• Team Leadership: Led a team of five FTE with oversight of two contracting resources, coordinating delivery
of assurance and controls activities across a complex, fast-paced energy environment.

The role at TOTAL Oil & Gas covers risk control at TOTAL Gas & Power. The role offers exposure to a wide range of
departments and entities with the opportunity to assess the Governance structure, policy & procedures and control
mechanisms to mitigate risks. Furthermore, I am also responsible for the below;
* The current role covers second of line of defence to ensure the following departments and controls are fully
compliant; Credit Risk, Market Risk, Operational Risk,

• Second Line Control Framework: Established the governance framework for trading functions covering
back, middle, and front-office risks. Delivered Policy files, risk registers across diverse commercial teams,
and monthly KPI reporting for key controls. Working alongside PwC to ensure robust control implementation.
• Risk Register Development: Designed and maintained comprehensive risk registers across multiple
commercial teams, ensuring proper ownership, accountability, and defined action plans for identified risks.
• Control Testing & Quality Assurance: Conducted independent testing to verify controls were operated in
compliance with Policy requirements, capturing root cause analysis for non-compliant controls and driving
swift remediation. Quality assurance over physical fuel storage projects.
• Project Quantitative Cost Risk Analysis: leading project budget analysis, estimation of project costs,
reviewing cost breakdown structures & using Monte Carlo tools for forward analysis.

• Risk Reporting to Audit Committee: Formulated executive-level risk updates and KPIs for quarterly Audit
Committee meetings, ensuring senior leadership received timely, accurate, and strategically focused risk
intelligence. Pivotal role in maintaining the Audit Universe & annual audit plan.
• Data Analytics for Control Validation: Delivered advanced data analytics using Excel and Power BI to
interrogate large datasets, validate key control outputs, and identify control gaps and compliance patterns.
• Compliance Monitoring: Successfully implemented a Compliance Transaction Monitoring tool (Unusual
Activity Report) to define trade surveillance parameters, alert thresholds, and investigation datasets for out
of-policy transactions.
• Agile Process Improvement: Led a value stream mapping exercise to eliminate waste and redundancy in
audit processes, collaborating with Business Architects and Product Owners to redefine KPI reporting toward
productivity metrics.
• Team Oversight: Managed a team of three auditors, providing career development guidance, performance
goals, and mentoring aligned to individual and team objectives.

• KYC & Onboarding Controls: Helped shape a sustainable KYC onboarding model covering high-risk entities,
subsidiaries, and JV setups, ensuring compliance with the Total parent level requirements.
• Delegated Authority Matrix: Designed a comprehensive Delegation of Authority matrix capturing roles,
financial approval limits, and record-keeping requirements across the trading organization.
• Fraud Risk Controls: Delivered a list of potentially fraudulent payment risks as part of the KYC process,
ensuring receipts and disbursements comply with internal Finance and external compliance standards.
• Data Testing: Completed SoX-aligned data testing including Segregation of Duties and Delegated Authority
reviews using Cube Logic credit risk application.

The role offered exposure to a wide range of departments and entities with the opportunity to improve the Governance
structure and control mechanisms to mitigate risks. Furthermore, I was responsible for the below;
* I have managed and delivered numerous audits with the business implementing the recommended processes and
controls.
* Execute audit fieldwork in line with the agreed audit plan, documenting process flows, identification of key risks
and testing of key controls. A detailed report with an executive summary is a product of each audit.
* Complete all assigned work in line with agreed budgets, including ad hoc projects and special investigations.
* Writing high quality audit reports and assist in identifying solutions for identified control issues/weaknesses
* Understanding underlying system processes and checking whether activities comply with designed controls.
* Proactively develop and maintain professional working relationships with internal stakeholders (CFO, CEO and
COO, Head of Risk Control), the business and respective support areas.
* I was the Co-Chair for the BAME diversity network. I delivered several major events alongside managing the
budget for the BAME network.

• Risk & Control Assurance: Led risk-based audit reviews of Credit Risk, Market Risk, Trade Entry, and
Compliance processes across the energy trading division, with direct reporting to the Audit Committee.
• System Risk Assessment: Developed high-level solution proposals in conjunction with IT teams for Open
Link (ETRM application), identifying and documenting system control requirements including four-eye
segregation.
• Team Leadership: Managed four auditors, providing oversight on deliverables, career development goals,
and mentoring to ensure high performance and professional growth.
• Data Testing: Executed SoD, Delegated Authority, and limit monitoring data tests within Cube Logic, with
hands-on SAP reporting and workflow automation experience.
• Risk Reporting to Audit Committee: Formulated executive-level risk updates and KPIs for quarterly Audit
Committee meetings, ensuring senior leadership received timely, accurate, and strategically intelligence.
Pivotal role in maintaining the Audit Universe & annual audit plan.

I was responsible for overseeing trading risk in emerging markets which presents a wider exposure to a range of risk issues
(Political, Economical, Social and Technological) faced in emerging markets.
* Responsible for assessing new transactions and risks from a Credit Risk perspective and submitting for approval.
* Applying insight to underlying transactions and translating succinctly to senior risk management for approval.
* Presenting transaction summary to a quorum comprising of CFO, MD, Treasury and Head of trading.
* Liaising with senior Risk professionals from Market Risk to Legal and Regulatory Risk to ensure compliance.
* Working with other Credit Policy managers from Group risk in ensuring best practise is applied in the organisation.
* Managing Country Risk limit request and the entire process from limit request, assessing and submission to approval.
* Presenting Country papers to Country Risk committee for limit sanctions and handling the workflow as a result.
* Monitoring exposures (PFE & VaR) and limit utilisation to prudently manage a diverse portfolio.
* Providing the underlying data required from Internal Audit and to ensure divisions then comply with the outcome.
* Managing two direct report and ensuring work objectives and targets are clearly understood and achieved.

• Credit Risk Framework & KYC: Implemented new KYC requirements for Credit Risk in collaboration with
Compliance and onboarding teams, ensuring regulatory standards were embedded in credit processes.
• Credit Risk System Implementation: Led requirements gathering, stakeholder reporting, and successful
delivery of the CMS enterprise credit risk platform, coordinating with risk management and IT consultants
throughout.
• Team Management: Managed two credit analysts, setting performance goals and providing career
mentoring aligned to departmental objectives.

The challenge at RBS was unique and exciting in the sense that a holistic approach to Credit Risk management was taken
with a key focus on Credit Policy, New Business Transactions and Country Risk management.
* Responsible for assessing new products and risks from a Credit Risk perspective and ensuring Policies are respected.
* Working on formulating new Credit Policies and updating existing Policies to reflect changes in the business.
* Presenting an Executive Summary of new Products and Projects to Head of Credit Policy for approval.
* Working with other Credit Policy managers from other areas of RBS (M&IB/GNB/UKCC) in ensuring best practise.
* Managing Country Risk limits and any excesses for various GTS divisions, before seeking sign off by Head of Credit
* Utilising CORAL (Country risk) and Prism & CRADLE (Credit Risk systems) to complete key activities.
* Assisting in the preparation of Country Risk papers and managing the workflow from various divisions.
* Presenting Country Risk papers to Country Risk committee for limit sanctions and handling the workflow as a result.
* Managing new request for LC approvals for a range of Countries within EMEA for new and existing transactions.
* Working with Treasury to ensure Margin call payments were authorised under Credit & Treasury guidelines.

• Risk Policy & Governance: Delivered a comprehensive review and implementation of the baseline Credit
Risk Policy, covering risk appetite, delegation of limits, and segregation of duties within the risk system.
• New Product Approval Framework: Established the New Product Approval Forum, defining multi
stakeholder requirements and pre-approval documentation standards for new and modified products.
• KPI & Risk Forum Reporting: Devised monthly Risk Forum KPI metrics covering limit utilisation, sovereign
collateral, and aggregated risk exposures across product lines.

During a period of constant change the merger and integration with RBS offered many challenges from Credit risk
perceptions, policy & process changes to data integration and sharing best practices. Upon completion I have learnt and
practically demonstrated a range of analytical and practical skills. With JP Morgan’s acquisition of RBS Sempra I was tasked
to work with JP Morgan teams to ensure complete data and system integration.
* Assisting VP monitor counterparty credit exposures to ensure that credit limits are respected and adhered to.
* Liaising with VP’s and RBS Relationship Managers to secure limits and processing credit reviews within Prism.
* Arranging security (letter of credits, Parent Guarantee or Deed Polls) for trades exceeding the prescribed credit limit.
* Analysing financials and performing Portfolio reviews, whilst approving limits within approved Delegated Authority.
* Covering particular Financial Institutions and brokerage houses trading a range of financial & physical products.
* Responding to increase or decrease in credit limits where applicable, within RBS Sempra approved guidelines.
* Continuous work on Excess Project for a range of desks; Power/Gas/Coal & Emissions/Oil and Metals.
* Lead role in RBS system training and integration of data and limit requirements from Sempra to JPM systems.
* Monitoring exposures (PFE & VaR) and limit utilisation to prudently manage a diverse portfolio.

• System Migration Leadership: Took a lead integration role in migrating credit risk data and workflows from
RBS platforms to JP Morgan technology, mapping and testing a wide range of datasets to ensure successful
transition.
• Risk Policy Implementation: Delivered risk policy frameworks defining risk appetite, delegation of limits,
segregation of duties, and submission and approval rules. Ensuring key operational risks are captured into
process & procedures.

During my tenure at Chevron I was able to learn key concepts of Credit Risk and augment the theory with practical
training. The exposure to various IT projects (Atlas) to enhance and modernise the Credit Risk systems offered exposure to
a range of business areas and individuals all of which assisted in understanding Credit Risk.
* Maintaining records of counterparty credit exposures to ensure that credit limits are observed and respected.
* Analysing counterparty financials & approving limits within limited DA and escalating higher limit requests.
* Arranging security (letter of credits, Parent Guarantee or silent cover) for trades exceeding the prescribed credit limit.
* Updating a Credit Watch List for SOX compliance on counterparties that exceed their line of credit.
* Suggesting and requesting an increase in lines of credit where applicable, to accommodate high value deals.
* Monitoring and administrating Moody’s KMV Credit portfolio for the EMEA region relative to London accounts.
* Working with Treasury in managing payments, receivables and Margin calls to optimise funds.

• Credit Application Upgrade: Led system integration for the upgrade from Decision Desktop to Right Angle,
mapping and testing data sets to ensure a seamless transition for credit risk monitoring.
• Portfolio Management: Managed a portfolio of energy trading counterparty accounts, performing financial
analysis, portfolio reviews, and limit approvals within the Delegated Authority framework.
• Moodys KMV Integration: Implemented the Moodys KMV data link to the internal exposure monitoring tool,
achieving real-time alignment between external risk ratings and internal counterparty exposure data.