Head
Al Sagr Cooperative Insurance
Total years of experience :18 years, 3 Months
Building the Risk Appetite Framework for the company after doing a comprehensive Identification and Assessment process for all departments to address all different types of risks that the company is exposed to and may exposed to. This process involves assessing the Underwriting of Insurance Products Lines like Medical, Motor, and General line which has all different insurance products coverages other than Medical and Motor.
•Recently assigned to be one of a team to study/assess adding a new insurance product line (Insurance Coverage for Banks and Financial Institutions). This Umbrella Product (Bankers Blanket Insurance Coverage) will typically protect banks and financial institutions against losses caused by: Employee Dishonesty, Forgery or Alteration, Funds Transfer Fraud, IT Fraud, Kidnap, Extortion, Money and Securities Fraud, Currency Counterfeiting, and Premises Property. The Implementation, Implications, Pricing, Clients Loss Reporting, and Claims Handling Process to be Assessed too.
•Preparing the Risk Management Dashboard Report for monitoring risk thresholds limits and contacting risk metrics owner for clarifications for limit breaches and coordinate to have the required approval from Risk Management Committee.
•Monitoring Receivables, Collections and All Claims Recovery.
•Monitoring the progress of all Legal Cases.
•Member of the team assigned for the SAMA Risk Based Supervision Project.
•Monitoring POS Cashiers daily sales to make sure their reconciliation with the daily production and request to have monthly report to monitor all POS cashier's sales and reconciliation.
•Act as the contact person from the company with CMA.
•Dealing with CMA and Tadwaul / Ifsah for company's announcement and coordination for Assembly Meetings.
•Handle any assigned cases by the CEO/Risk Management Committee.
•Monitor the process of General Assembly Meeting from initial step until final results announcements.
Unit Head- Credit Risk Management (Acting Head of Risk Management
Responsible for handling the Remedial Asset Management function
•Additionally, function as a Member of the Board of Directors in one of ICDs Shareholders Board
•Be responsible for
•Following up with Non Performing Projects (NPP) minimize the proportion of default projects within ICD portfolio
•Ensuring ICD incurs minimum losses in case of non performing projects
•Incorporating current incidents as learned lessons for ICD
•Reviewing the NPPs and devising strategies for minimizing losses based on the collaterals and legal provisions governing ICD relation with the concerned Client
•Negotiating with NPP sponsors to come up with different scenarios for the solution
•Sending notice of default to persistent NPPs, as a last resort, stating relevant notice period to remedy the default
•Transfer defaulted projects that fails to remedy within a stated period to the legal department to initiate legal action
Special Assets Management (SAM), Risk Management Group
Responsible for managing performing and non-performing Corporate and Commercial accounts facilities with a portfolio of around SR 2.1 Billion
•Be responsible for
•Acting as a sounding board for the development of action plans and strategies for account management
•Monitoring customers daily transactions
•Preparing the full Credit Approval Packages for new, interim, and annual review
•Identifying problems for the adversely classified credits, and take appropriate actions
•Reviewing the exposure with the objective of eliminating or reducing, where possible and appropriate to the situation
•Initiating special reviews of all documentation and collateral supporting the credit to correct and/or obtain waiver for any deficiencies
•To refer accounting, legal and regulatory matters to the appropriate specialists
Remedial Management, Risk Management Group
Key Accountabilities
•Responsible for monitoring risk exposures and independently evaluating and reporting them
•Monitor exposures against limits (Market, financial products, dealers as well as overall risk exposures, independently evaluate and to report them to concerned parties and participate (TRC: Treasury Risk Control and Treasury management; ALCO: Asset and Liability Control) to assure treasury adherence to limits policies
•Request for explanation of limit excesses causes from front office dealers
Responsible for managing bank's adversely classified credits portfolio that have been transferred to the Regional Remedial Group
•Ensure the agreed recovery plans are properly followed to maximize the recovery, reduce the ultimate loss and minimize the eventual provision needs for these accounts
•Prepare written recommendations, where appropriate, to Head Office Credit Committee / the Area Credit Committee for onward dealing with the use of external debt collector services, the commencement of legal/enforcement action, the Special Listing or B Listing of individual names, the upgrading/downgrading of client risk ratings and the preparation of settlement/write-off proposals. Thereafter, to draft Settlement Agreements for execution with the client
Responsible for recovering part of the bank's adversely classified credit portfolio
•To enforce the Committee for Settlement of Banking Disputes :(CSBD) judgment through Civil Rights Bureau (CRB) and the related Governorate offices at Principality in order to collect/recover the bank's debt from the non performing clients
Degree specializing in
's Degree in finance
