Dala Ram Mulwani

As Chief Risk and Compliance Officer (CRO) for Islamic Financing Institution with a view to safeguard the interest of the organisation and ensure risk taking within organisation risk appetite while optimising related risk returns. The key achievements to date include:

• Establishment of overall ERM Function and organisation governance structure including Compliance and Legal

• Development and implementation of ERM, Credit, Market, Liquidity, Operational, Compliance, Legal and Fraud Risk policies including Committee structures and charters

• Development and implementation of Organisation and function level Risk Appetite, Delegation Powers

• Development and enhancement of Retail and SME scorecard and rating analysis tool for corporate

• Leading collection activities to enhance recoveries performance

• Monthly and Quarterly Reporting’s to Senior Management, Board and Regulator

• Communication and establishment of relationship with Regulator, External Auditors and Internal Auditors

• Advise Managing Director and Board on Credit and Investment Decision (based on thorough analysis) and all Risk, Legal and compliance matters.

I was responsible for Risk reporting’s, Group credit Policy and manage assessments and implementation of new accounting, regulatory and internal changes while enhancing systems and procedures to meet relevant requirements. Key activities include:

• Preparation and management of Group risk management reporting’s for Board and equivalent committees, Regulatory Authorities, Rating Agencies and other External Reporting’s (Financial Statements, Investor documents, Pillar III, ICAAP, Stress testing etc.)

• Responsible for Group Level and entity wise (including international offices) Credit Policy Manual regular review and update to ensure it remains up to date with Group’s strategy and in compliance with regulatory requirements and international best practices.

• Provision calculations in accordance with local regulations, Basel and IFRS including IFRS 9

• Review, analyse and suggest optimized utilisation of available capital (RWA) and provide necessary guidance to business divisions being a Basel expert for the Bank

• Develop business division wise risk appetite and relevant monitoring and forecasts such as such as NPL, RWA, RAROC and impairments

• Lead projects related to alignment of accounting policies and purchase price allocation for New merged bank “First Abu Dhabi Bank”

• Enhance and implement automation in risk processes and reporting’s to bring efficiencies in coordination with Risk Solutions team

I was primarily responsible for planning and managing audits and assigned special investigations for Group’s Credit Risk Portfolio in UAE and International locations. The scope mostly includes end to end cycle covering relationship banking, compliance issues including AML and CDD, credit risk assessment, Credit Adjudication, Credit Ratings, credit documents, transaction booking and monitoring including default management and specialised product audits in accordance with Group Credit Risk Policies, local regulations and international best practices. Other responsibilities / additional assignments include:

• Audits of Financial Institutions, Islamic Bank, Discretionary Powers, Trade Finance, Project Finance and Leasing

• Audit of all regulatory reporting’s being performed by Risk Management Division of the Bank

• Managing relationships with internal and external stakeholders

• Performing risk assessment and Development of auditable entities matrix, Risk map and audit strategy

• Continuous improvement of audit programs and methodology, audit tools and techniques to bring efficiencies

• Discussion and delivery of constructive recommendations and possible solutions

• Constantly providing guidance and on-job training to teams, sub-ordinates and delivering trainings to other colleagues within the organisation related to awareness of audits, key technical and regulatory changes etc.

As Manager in KPMG Dubai I was responsible for overall project management and delivery for various external audit and other assurance engagements including planning, budgeting, execution, relationship management and reporting in accordance with IFRS and application laws and regulations related to Financial services clients.

The role provided me an experience of various products and business divisions of financial services industry including Finance, Risk, Credit management, Global Markets and Internal Audit. In addition to Banking also worked with Insurance, Asset Management and brokerage firms. Performed various special assignments such as assurance reports related to DSFA regulatory returns and assist international financial services firms to establish new offices in DIFC Jurisdiction.

Key Clients portfolio includes HSBC Bank Middle East Group, Credit Suisse, National Bank of Fujairah, Credit Europe, United Bank Limited, Abraaj Capital, Ajeej Funds, Rasmala, Qatar Insurance and many others.

Before joining KPMG, i have worked in the Financial Service sector department of Pricewaterhouse Coopers (PWC), Pakistan from March 2003 to June 2007.