Risk Manager- Head of Risk
Monty Finance SAL
Total years of experience :13 years, 2 Months
Risk Management strategy and risk appetite:
- Develop and implement comprehensive risk management strategies, policies and procedures to ensure compliance with industry specific regulation and guidelines.
- Work closely with board committees to set the overall strategy and establish the risk appetite.
- Design risk mitigation plans and controls to minimize exposure to credit risks, market risks and operational risks.
Risk identification and Cross functional leadership:
- Conduct regular risk assessments to identify inherent risks, and ensure agreed controls have been embedded in place.
- Assist head of departments in identifying and assessing risks associated with current and proposed future business activities by any extension of operations through partnerships or acquisition.
- Assess potential products to identify credit, fraud, cyber security risks that might impact profitability and/ or reputation.
Risk Monitoring:
- Monitoring of key risk indicators against prescribed limits together with the senior management team.
- Oversee the credit risk management process, including score card development, collection, IFRS9 implementation.
- Provide early-warning, guidance, and advice on upstream and regulatory changes.
Risk Reporting:
- Prepare appropriate reporting to the Board of Directors, inform management decisions, and provide updates on the identified Key Risk Indicators and areas for enhancements.
- Liaise with external auditors to facilitate compliance reviews and audits and safeguard strong and productive working relationship with the regulators.
- Ensure compliance with laws and industry standards, namely Basel III framework and central bank regulations.
Business continuity planning and incident management:
- Lead the development and maintenance of the business continuity program to be robust, strong and scalable to cater for business needs and assure that these plans are tested.
- Develop and implement protocols for managing risk incidents and crises, including escalation procedures and recovery plans.
- Formulated risk management policies and strategies to identify, assess, and mitigate potential risks across various business functions.
- Assisted Senior Executive Management (SEM) in developing the company’s overall corporate strategy.
- Collaborated with senior management to define risk tolerance levels and establish appropriate risk limits.
- Reviewed policies and procedures on a company level to identify weaknesses and potential threats.
- Performed risk and control self - assessment (RCSA) to analyze current risks, identify potential threats, and develop key risk indicators (KRIs) on a group level.
- Drafted comprehensive business continuity plans (BCPs) to identify critical business functions, dependencies, and recovery strategies.
- Supervised the testing exercises to validate the effectiveness of BCPs and to identify areas for improvement.
- Conducted risk assurance and due diligence on behalf of the organization in the events of mergers, acquisitions, and business partnerships.
- Lead the project management efforts for the development of the risk management portal to facilitate the recording and classifications of risks and incidents across the organization.
- Managed both Credit and Market Risk, ensuring comprehensive risk assessment and mitigation strategies were implemented.
- Delivered reports in conformity with Basel III regulations regarding capital adequacy, liquidity and solvency.
- Assessed the credit risk of counter parties to recommend limits on exposure.
- Assessed the credit and financial strength of the Bank’s largest clients (exposure 1 Million USD) by performing fundamental credit analysis.
- Presented periodic reports to Asset Liability Management Committee to highlight the current Bank’s exposure compared to the set risk appetite.
- Facilitated the training and onboarding of new hires, imparting essential risk management knowledge and fostering a culture of risk awareness.
Maintain financial records for subsidiary and related companies by analyzing balance sheets and general ledger accounts.
•Reconcile local and foreign bank accounts by gathering and balancing information.
•Provide financial status information by preparing special reports.
•Manage accounts payable and receivable.
•Assist in end of month closing.
•Manage account payables of all subsidiaries companies.
Reconcile bank accounts
•Daily transactions (payments, receipts, vouchers, etc…)
•Maintain the insurance companies accounts reconciled.
•Prepare and calculate taxes such as stamp duty tax, NSSF contribution.
1.Graduated with distinction from University ( Honer list ) 2. Awarded the Junior Investment Analyst certificate by Schweser, USA