Senior Manager Prudential Supervision
Dubai Financial Services Authority
Total years of experience :19 years, 1 Months
• Supervising multi-billion dollar global banking institutions based on prudential performance, commercial activities, and corporate governance. Participated in global supervisory college meetings for financial institutions with international regulatory bodies. Led high level senior management and decision-making meetings with corporate head-office management of global financial institutions to manage cross-border bank’s risk profile and vulnerabilities.
• Coordinated bilateral assessments to address risks arising from financial activities and ensure they are managed to
international standards such as Basel and Financial Stability Board.
• Developed programs to monitor financial performance of DIFC institutions. Conducted financial analysis instrumental in identifying and flagging major issues relating to financial institutions’ operations and conduct.
• Demonstrating high level of strategic guidance to stakeholders through shaping implementation strategies of
policies and systems to ensure achievement of compliant standards to the DFSA regulations.
• Carried out risk-based supervision of financial institutions and thematic review projects, which included leading and completing onsite assessments, documenting understanding and evaluation of processes and procedures; and furthermore, initiated regulatory actions and precedent as required. Ensured utmost professionalism in handling sensitive matters relating to a regulated entity under enforcement investigations.
• Conducted DFSA outreach sessions presenting to the wider regulated stakeholders in DIFC. Designed detailed
specific presentations for regulatory meetings, international outreach events; and Board-members, chairman and management committees.
• Participated in a project improvement of IT data system by providing support in building the infrastructure to
assist the migration of data into a new Business Intelligence tool. Member of a project board committee in charge of developing online systems to replace paperwork-based approach.
• Instrumental in providing sound and experienced prudential advice to team members on regulatory matters via
creating a positive mentoring environment.
• Participated in the development and implementation of Team-Based Supervision project. Carried out duties of implementing regulatory mandates including selections of team members to each project. Played crucial role in maintaining acceptable service standards of all regulatory issues, tasks and requests raised by DIFC firms.
• Carried out risk-based supervision of Registered Audit Firms. Responsible for reviewing authorized firms’ annual
audit reports and regulatory reporting mandates to ensure compliance and proper financial conducts.
• Prepared and presented during DFSA’s annual audit outreach sessions. Participated in a speaking event of an open panel on Emiratization in the audit industry in UAE which was hosted by ICAEW and DFSA. Furthermore,
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provided academic classroom lectures at Zayed University, Higher Colleges of Technology, American University of Dubai, and Master class of School of Business at Pacific Lutheran University (WA, USA).
• Attended the seventh annual International Auditor Regulatory Institute held by Public Company Accounting
Oversight Board (PCAOB) in Washington DC and IFIAR’s 8th inspection Workshop (audit regulations) in Kuala Lumpur as part of ongoing development programs in supervision of regulated registered auditors.
• Developed MIS reports of the registered auditors’ universe within DFSA. Additionally, assisted in the preparation
of the annual Audit Monitoring Report.
• Participated in various social and training programs within DFSA such as UAE National Day celebrations, being a member of the Annual Committee (2013) and assisting the Enforcement Department with their in-house training on interview and investigative skills (2014).
• Prepared financial and business-related analysis and research reports in such areas as financial profit and expense performance. Produced weekly production reports of major and minor lines of business activities for eight countries in the Middle East (Arabian Region).
• Responsible of monitoring General Operating Expenses (GOE) for all major and minor lines of businesses in
Arabian Region. Producing GOE reports for each country in the region on monthly basis. In addition to analyzing actual expenses versus final estimates and budgeted figures whilst providing explanations and comments for variances over specified threshold limit.
• Created quarterly estimates based on budgeted figures, profit centers manager’s inputs for upcoming quarter,
expected projects expenses, and historical performance.
• Managed queries and report requests from senior managers of line of businesses; and ensured deliverables met expectations and business performance guidelines. Provided investigative answers for specific queries regarding line expenses and performance as requested by product managers.
• Reported budget figures for all eight countries and line of businesses to higher management and corporate office
in New York. Incorporated any changes and updates communicated by higher corporate management and Country Managers to ensure budgeted figures are aligned with expected performance.
• Assisted Finance Department during the Monthly and Quarterly closing process.
• Responsible for debt analysis and debt restructuring and refinancing programs. Continuous monitoring and reviewing of cash flows through analyzing, financial performance, KPIs, financial projections, and identifying/ presenting key issues to senior management.
• Assisted the Head of Investors Relations with queries of investors, banks, bondholders, and Department of
Finance-Dubai. In addition, preparing presentations to senior management and respective committees regarding the status of debt and capital market of Dubai Holding and its subsidiaries.
• Participated in negotiations process with financial institutions.
• Conducted audits of investments and departments within the universe of Dubai International Capital (DIC) and Dubai Group (DG), and its subsidiaries.
• Analyzed the systematic approach of studies and due diligence prepared by senior management prior to
investment decisions.
• Carried out special reviews upon request by the Audit Committee of Board of Directors for sensitive operational areas to provide assurance and recommendation for proper business processes and conducts.
• Reviewed processes, policies and procedures, and walkthroughs of operations and systems to identify strengths
and weaknesses. Evaluated information to determine compliance with standards, laws, and regulations.
• Examined and evaluated financial data and information systems, recommending controls to ensure system reliability and data integrity.
• Conducted audits and reviews of real estate projects from planning stage and design to construction process. In addition to departmental audits such as finance, marketing, procurement, and project managements.
• Established effective audit programs and detailed process reviews to ensure adherence to policies and procedures.
• Conducted senior level interviews with managements within their respective areas of business and operations.
• Reported to management of audit results and recommended changes in operations and information systems to assure quality and safekeeping of business operations. Led the follow up process on all pending issues from previous reports dated back to 2005 with successful management actions (over 85% implementation) in DPG.
• Communicated to senior management using logic and reasoning in identifying the strengths and weaknesses of
alternative solutions to issues noted within the systems and processes of operations.
• Instrumental in reducing receivables and increasing revenue collection of late payments some dated back to 2004 by over AED 10 million.
• Created a systematic approach in maintaining clients’ financial records of behavioral payments to determine
payments turnover rate, which was linked to payment delay’s risk.
• Managed Data Migration process of transactions to Oracle Applications (Oracle Property Management, A/R, and e-Business Solution) from the previous system.
• Assisted management in verification and analysis of the data in the newly implemented system application to
ensure completeness and absolute correctness of data captured from the legacy system.
• Provided support and guidance to staff members during the initial launch of the new property Oracle Applications.
• Processed financial records, monthly equity, and stocks performance reports to produce performance analysis.
• Utilized Bloomberg and Russell database in obtaining research financial reports for data and daily performance analysis.
• Assisted the team’s Head Business Analyst in testing newly developed web-based application for fund clients, and
identified system errors.
• Managed priority list of 15 clients with strict deadlines to ensure complete quality service and timely production of financial position analysis reports.
• Adviser to student's organizations and clubs on campus. Provided support, feedback, and tools available by the university to improve and enhance the experience and interests of students into their perspective fields.
• Participated in weekly senators meeting where progress reports on pending projects and agenda items were evaluated, debated, and resolved.
• Member of Ways & Means Committee at ASPLU responsible for reviewing proposals submitted by students' run clubs and organizations for funding of projects and activities throughout the academic year.
• Assisted in drafting proposals and legislation for the student governing body of ASPLU. In addition voted on proposals presented during the senators weekly meetings.
• Member of "GENIIUC" committee for renovation and rebuilding of the University Center, which conducted surveys and interviews with the student body at the university to better understand the need of the community and ensure the new center meets expectations and standards. In addition provided vital feedbacks to the chair of the committee and members on ways to improve the overall experience of the facility and maximize its potential (The renovation was completed in 2007)
• Audited financial reports of daily sales and activities at tour services of MSE Rail division in Alaska, USA.
• Utilized the company's automation of invoices in Mark-View Application for online auditing and
automated management approval process, which ensured smooth workflow.
• Reviewed files received from Alaska's office and ensure the data recorded accurately in the internal company's system for review of expenses, revenues, and reconciliation with issued vouchers to customers.
• Consulted supervisors and management on complicated issues arising from delegated work assignments.
Bachelor of Business Administration - Professional Accounting Concentration Pacific Lutheran University (PLU), Washington State, U.S.A Computer science and programming, Accounting Information System, Financial and Managerial Accounting, Intermediate Accounting I & II, Financial Management, Law of the Financial Market, Tax Accounting I&II, Operation Management, Micro & Macro Economic