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Essam Al Segair, Cheif of Governance, Risk and Compliance

Essam Al Segair

Cheif of Governance, Risk and Compliance ·Soudah Development Company- PIF subsidiary

Saudi Arabia

Master's degree, Global Organizational Leadership

Work experience

Total years of experience: 19 years, 9 months

Cheif of Governance, Risk and Compliance

May 2022 - Present

Soudah Development Company- PIF subsidiary

Riyadh, Saudi Arabia

May 2022 - Present

Establish GRC functions covering Governance, risk, compliance, Cybersecurity and business continuity
•Developed risk management framework, Policy & procedures in line with ISO 31000.
•Developed Compliance management framework, Policy & procedures in line with ISO 19600.
•Developed Governance framework and related other policies.
•Board of directors and board committees tracking of resolutions and directions.
•Development and implementation of company top strategic risk and their risk indicators, risk register covering all departments, Risk mitigation plan, Risk monitoring tools and Risk appetite
Quarterly reporting to Audit committee for all updates of the strategic risks and new criticalrisks and risk appetite status.
•Monitoring of IRR, ROE and ROI ratios of the investments
•Update and monitoring the risk register, and monitoring of risk appetite.
Company industry:
Real Estate
Job role:
Construction and Building

Head of Risk Management

January 2020 - Present

King Abdullah financial district for management & development, PIF subsidiary

Riyadh, Saudi Arabia

January 2020 - Present

Assigned to establish GRC functions covering Governance, compliance and risk management department & end-to-end delivery of ERM solutions. .
• Under designing GRC functions framework, Policy & procedures that cover all functions.
• Under implementation GRC functions, compliance program, risk register, Risk mitigation plan, Risk monitoring tools, Organization Org assessment, Compliance and Risk appetite.
• GRC system implementation project including corporate, projects and program.
• Total assets around 50 b SAR including retails, commercial and residential.
• Monitoring under constructions projects 14 B SAR and monitoring operations of 40 skyscrapers.
• Manage GRC of IT smart solutions and systems of the district and company clients.
Company industry:
Real Estate
Job role:
Finance and Investment

Head of Risk management GRC, establish GRC functions reporting to CEO

January 2020 - May 2022

King Abdullah financial district for management & development, PIF subsidiary

Riyadh, Saudi Arabia

January 2020 - May 2022

Assigned to establish GRC functions covering Governance, compliance and risk management department & end-to-end delivery of ERM solutions.
• Under designing GRC functions framework, Policy & procedures that cover all functions.
• Under implementation GRC functions, compliance program, risk register, Risk mitigation plan, Risk monitoring tools, Organization Org assessment, Compliance and Risk appetite.
• GRC system implementation project including corporate, projects and program.
• Total assets around 50 b SAR including retails, commercial and residential.
• Monitoring under constructions projects 14 B SAR and monitoring operations of 40 skyscrapers.
• Manage GRC of IT smart solutions and systems of the district and company clients.
Company industry:
Real Estate
Job role:
Finance and Investment

CEO consultant & Acting Head of risk management

December 2018 - December 2019

SME financial guarantee program

Riyadh, Saudi Arabia

December 2018 - December 2019

Assigned for Risk function and internal control establishment to enhance the governance structure and restructuring of the program.
• Evaluate the governance structure and process Enhancement of work processes in order to achieve the high performance governance standards.
• Make certain that the audits cover all aspects of organization as per the organization risk profile.
• Review the quality of deliverables and enhance the process and the measurement of quality.
• Initiate Risk management process of identifying, assessing and controlling threats to an organization's capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters.
• IT security threats and data-related risks, and the risk management strategies to alleviate them.
• Develop a risk appetite framework and threshold and limited and target
• Develop market risk policy, Procedures to monitor the impact on Kafalah loan portfolio
• Communicate and Arranging with system providers to enhance the Audit & risk practices by buying assessment system and systemize other related functions.
Company industry:
Financial Services
Job role:
Management

Head of strategic risk

December 2017 - December 2018

General Authority of Tax and Zakat

Riyadh, Saudi Arabia

December 2017 - December 2018

Assigned for Risk function and internal control establishment to enhance the governance structure and restructuring of the program.
•Evaluate the governance structure and process Enhancement of work processes in order to achieve the high performance governance standards.
•Make certain that the audits cover all aspects of organization as per the organization risk profile.
•Review the quality of deliverables and enhance the process and the measurement of quality.
•Initiate Risk management process of identifying, assessing and controlling threats to an organization's capital and earnings. These threats, or risks, could stem from a wide variety of sources, including financial uncertainty, legal liabilities, strategic management errors, accidents and natural disasters.
•IT security threats and data-related risks, and the risk management strategies to alleviate them.
•Develop a risk appetite framework and threshold and limited and target
•Develop market risk policy, Procedures to monitor the impact on Kafalah loan portfolio
•Communicate and Arranging with system providers to enhance the Audit & risk practices by buying assessment system and systemize other related functions.


General Authority of Tax, VAT and Zakat
Company industry:
Accounting
Job role:
Management

Acting Head

August 2014 - December 2017

Banque Saudi Fransi

Riyadh, Saudi Arabia

August 2014 - December 2017

of business banking audit
Banking Audit department manager

To lead the internal audit service provided to the Banking Group in order to ensure independent and effective assurance for governance, risk management and control processes and Subsidiaries audit with annual review focusing on:
•Defines operating framework, provides leadership and facilitates work processes in order to achieve the Audit plan with high performance standards.
•Sets the business direction for the Department and guides the development of strategy for reporting functions, in line with stated divisional priorities.
•Reviews audit reports in order to verify various risks and assess reliability of internal control measures in all activities of the banking group.
•Approves audit reports of various banking segments as per the audit plan.
•Ensures that the audits cover all aspects of banking as per the organization risk profile.
•Provides technical inputs and training to auditors regarding the different banking segments and assists in identifying key areas of risk to be captured while auditing.
•Ability to handling difficult situations that team facing during Audit missions.
•Provide assurance of the guidelines and requirements of SAMA, CMA, the External Auditors and Crédit Agricole bank requirements and standers.
•Communicates departmental deliverables to the
Company industry:
Banking
Job role:
Accounting and Auditing

Risk Management

September 2013 - August 2014

ALBILAD CAPITAL

Saudi Arabia

September 2013 - August 2014

management framework, Risk models, Monitoring & reporting tools
•Capital adequacy management based on ICAAP and Basel II & III principles. RWAs & risk capital based on actual credit risk, Market risk and Operational risk positions.
•Aggregation of Top Risks across enterprise, their severity and management actions for their mitigation
•Counterparty Credit risk policy, limit fixation and monitoring tool for Fixed Income business
•Review Margin lending proposals and Monitoring and Margin portfolios
•Coordinate and monitoring from risk point of view with AMD (counterparty appraisals, Sukuk and reviews, limits vs actual exposure set internally, by T&C, by agreements, by IFR, new fund proposal, monthly Asset management risk committee etc.)
•Ongoing basic Monitoring of Equity funds, money market funds and Real estate funds
•Review large and complex investment banking transactions for large corporate
•Monitoring Risk adjusted performance for equity funds- tracking Alpha, Beta, Sharp Ratio,
Information Ratio, Tracking error, Peer group analysis
•Incident Management, Root Cause Analysis, OpR Loss database management, Risk Registers, Corrective action tracker, RCSA & KRIs. Business Continuity Plan &Disaster Recovery plan, their awareness & testing.
Company industry:
Banking
Job role:
Accounting and Auditing

Risk Manager

February 2011 - September 2013

ALRAJHI CAPITAL

Saudi Arabia

February 2011 - September 2013

Key responsibilities:
•Coordinate and monitoring from risk point of view with AMD (counterparty appraisals, Sukuk and reviews, limits vs actual exposure set internally, by T&C, by agreements, by IFR, new fund proposal, monthly Asset management risk committee etc.)
•Ongoing basic Monitoring of Equity funds, money market funds and Real estate funds
•Provide marginable value of stocks with regard to margin lending
•In charge of oversight diligences “deep dive” on key identified risks.
•Assess and monitor control effectiveness with ability to identify deficiencies towards a transversal view across business and functions to form an end-to-end view.
•Review and recommend margin landing proposal to Credit committee executive committee
•Ensure the compliance with applicable standards of the Permanent Control framework and Operational Risk such as Basel II regulatory compliance & CMA requirements etc. Provide assistance in preparation of operational risk control committees.
•Provide assistance and support to regional initiatives on operational risk and internal control reviews and other ad hoc projects.
•Summarizing key risks across the organization and embed them into a risk aggregator tool that links with the Risk appetite.
•RCSA, KRI and Risk Mapping and maintenance of an Operational Loss Database and Achieve Basel II regulatory compliance & CMA requirements
Company industry:
Financial Services
Job role:
Accounting and Auditing

Control Officer

January 2005 - January 2009

SAUDI STOCK EXCHANGE

Saudi Arabia

January 2005 - January 2009

all internal operations processes, projects and assess the risks to work with project team to develop solutions and implement controls.
•Measures and reports market risk exposures on a Value-at-risk and Scenario Analysis basis; executes an annual back testing and risk modelling validation exercise
•Provide statistic details for decision makers including monthly market activity, IPO statistics, and Order statistics by Smarts System.
•Monitoring all orders entered and trades executed by Members and identify abnormal pattern at various levels and to alert those Members.
•Participate with IT department team to assess IT risks for current & new projects or amendments.
•Develops and reports a Non-financial Risk Dashboard, highlighting major operational risk exposures and actions taken
•Establishes or reviews Business processes; facilitates Risk Assessment Workshops or expert risk assessments; works in co-operation with Internal Audit and Compliance.
•Identifies and checks compliance with regulatory requirements on Risk Management; manages limit approvals and reviews; participates on the introduction of new products; ETF, bond market and Indicators.

Arab National Bank “ANB”
Company industry:
Financial Services
Job role:
Quality Control

Accounting Trainee

June 2004 - September 2004

June 2004 - September 2004

Job role:
Accounting and Auditing

Education

Johnson & Wales University

January 2010

January 2010

Master's degree, Global Organizational Leadership

United States

King Saud University

January 2005

January 2005

Bachelor's degree, Accounting

Saudi Arabia

courses: The General Securities Qualification Examination (CME-1)

Skills

Capital Markets Transactions
Expert
Capital Markets Transactions
Expert
Working Capital Management
Expert
Working Capital Management
Expert
Global Business Development
Expert
Global Business Development
Expert
Money Market
Expert
Money Market
Expert
Risk
Expert
Risk
Expert
FINANCIAL
Expert
FINANCIAL
Expert
MARKET RISK
Expert
MARKET RISK
Expert
MARKETING
Expert
MARKETING
Expert
PROCESS ENGINEERING
Expert
PROCESS ENGINEERING
Expert
REPORTS
Expert
REPORTS
Expert
RISK MANAGEMENT
Expert
RISK MANAGEMENT
Expert
ALPHA
Expert
ALPHA
Expert
ASSET MANAGEMENT
Expert
ASSET MANAGEMENT
Expert
BASIC
Expert
BASIC
Expert
BUSINESS PROCESS
Expert
BUSINESS PROCESS
Expert
Risk
Expert
Risk
Expert
Money Market
Expert
Money Market
Expert
Global Business Development
Expert
Global Business Development
Expert
Working Capital Management
Expert
Working Capital Management
Expert
Capital Markets Transactions
Expert
Capital Markets Transactions
Expert