Board Risk Committee, Member
Modern Assets Finance Company
Total years of experience :14 years, 3 Months
∙ Ensure the oversight of any matters relating to the implementation of effective Enterprise Risk Management.
∙ Review on a regular basis the design and effectiveness of the Risk Management Framework, relative to Modern Assets Finance’s activities.
∙ Assess the effectiveness and quality of the risk reporting provided and the management of risks and emerging risks including, but not limited to financial, regulatory and operational.
∙ Support and contribute to Risk Committees across Bupa Arabia to maintain leadership and provide sufficient oversight of risk and to challenge compliance across the Company.
∙ Develop a comprehensive and well-supported process to identify and manage Bupa Arabia’s strategic risks by building effective links between risk management and key strategical activities.
∙ Facilitate a robust risk management framework being embedded across Bupa Arabia by key functions.
∙ Promote the use of common tools and techniques, as defined in the Risk Management Framework to identify, assess, manage, monitor and report on current and emerging risks.
∙ Roll-out Bupa Arabia Risk Based Supervisory Framework, by ensuring that all SAMA controls requirements are met as per SAMA RBS Controls Questionnaire.
∙ Lead the risk based supervision process effectively through evaluating the SAMA control self-assessment questionnaire, quality of governance and control framework, efficacy of IT systems from an internal control and availability of data stand-point and quality of risk management
o Core responsibilities
• Manage the unit by setting goals, conducting weekly meeting to track unit progress, and reinforcement to employees regarding job performance.
• Oversee the operational risk loss collection database (SAS), by ensuring the validity of incidents’ information and the mapping of these losses to business lines and Basel operational risk categories.
• Lead the team in delivering incident management report including incident root causes, recommendation for solutions, control improvements and follow-up on action plans and to recover Operational Risk Losses
• Manage the submission of periodical reports internally to (CEO, higher management committee, operational risk committee, group and divisional heads) and externally to (SAMA and external auditors).
• Contribute with businesses in understand the impact of their actions and ensure the effectiveness of action plan and control by analyzing them and looking for best practice that help business in prevent such incident.
o Achievements
• Smooth migration of SAS OpRisk GRC from old to updated version through liaising with stakeholders and interface users and ensure all functions are running efficiently across users.
• Conduct several training session across business units on Operational Risk Management and Loss Data Collection.
• Reduce human intervention in reporting operational risk losses among bank’s divisions through establishing automated loss data collection dashboard.
o Core responsibilities
• Involve in setting up the Investigation and Fraud Prevention Department roadmap, strategic Plan, and interaction model to ensure the alignment with bank’s strategies and policies.
• Contribute heavily with a key members in building Investigations and Fraud Prevention Department Tools:
Develop the Anti-Fraud Policy (including the mandate of the Anti-Fraud Committee).
Develop the Fraud Risk Assessment methodology and Whistleblowing program.
• Conduct Fraud Risk Assessment (FRA) Exercises/Workshops on selected businesses, and liaise with selected businesses on the results and setting proper action plan.
• Contribute in building Fraud Tree Analysis Dashboard to identify fraud root causes/ controls failure across bank’s divisions.
o Achievements
• Obtained Board approval on Anti-Fraud Policy.
• Obtained CEO consent on Fraud Risk Assessment methodology and Whistleblowing program.
• Participate in strengthening the Loss Collection and Analytical Unit capabilities by addressing the framework weaknesses and areas of improvement by implementing an enhancement to the framework including incident loss collection and reporting mechanism.
• Revamp the process of loss data collection and reconciliation process of operational risk losses.
• Engage in the processes of reviewing and assessing all new products, policies and procedures from operational risk perspective.
• Review the RCSA workshop outputs and ensure proper mitigation are in place.
• Proactively participate in reporting requirements such as risk profile dashboard.
ο Coordinated with the official index in the follow-up performance indicators and review results carefully
ο Worked closely with the Director of the Unit for balanced performance and the Director of Administration
ο Designed and prepared periodic performance reports
ο Researched and developed performance indicators and raised proposals for the Director and balanced performance measurement unit
ο Assisted management staff (central control, the Office for the Coordination of project implementation) to raise the performance and the submission of proposals to achieve results
ο Provided management with exemplary models in achieving strategic goals
ο Supported business process re-engineering projects
ο Prepared and documented project charter with all sections
ο Contributed in several planning projects such as the “City Planning Department Re-Structuring” project
ο Documented and reviewed operating procedures
ο Designed process maps for several projects
ο Developed crisis management organizational structure & job description
ο Supported business process re-engineering projects ο Prepared and documented project charter with all sections ο Contributed in several planning projects such as the “City Planning Department Re-Structuring” project ο Documented and reviewed operating procedures ο Designed process maps for several projects ο Developed crisis management organizational structure & job description