Khalid Almofeez, Head Of Enterprise Risk

Khalid Almofeez

Head Of Enterprise Risk

American Express Saudi Arabia

Location
Saudi Arabia - Riyadh
Education
Bachelor's degree, Insurance And Financial Risks Studies
Experience
12 years, 4 Months

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Work Experience

Total years of experience :12 years, 4 Months

Head Of Enterprise Risk at American Express Saudi Arabia
  • Saudi Arabia - Riyadh
  • My current job since April 2021

Establishes appropriate ERM framework including risk policies, metrics, reporting, and monitoring. Align AESA’s Enterprise Risk Management Framework and underlying risk programs and processes through coordination with all stakeholders ensuring the organization is operating in compliance with applicable industry best practices and regulatory guidelines.
Design & implement Enterprise Risk Framework and its Components - Enhance, build, or expand Risk Identification, Risk Appetite, and Risk Reporting infrastructures, including relevant programs and processes that will guide AESA’s operations in the achievement of its mandate.
Coordinate ERM special projects such as corporate educational risk training, expanding risk automation tools, maintenance of ERM policies and documentation, and activities focusing on the advancement of risk accountability and culture. Conduct periodic risk assessments, including risk registers, and prepare the respective risk profiles that facilitate monitoring of the enterprise risk component in AESA.
Implement, monitor, and report (through AESA’s Enterprise Risk Committee) AESA’s Enterprise Risk Management Policy Framework as periodically revised and approved by the Board of Directors while ensuring that the Company’s key risks domains (as stated in the Enterprise Risk Management Policy) are identified, assessed, measured, controlled and managed.
Develop and manage comprehensive Governance, Risk, and Controls (GRC) framework, conduct periodic meetings of the GRC Committee as per the TOR and incorporate GRCC’s monitoring into AESA’s overall enterprise risk management. Ensures alignment of Risk Management with Corporate Strategy. Ensures that managers at all levels are performing their desired role as per the ERM Framework Delineates the specific roles and responsibilities pertaining to risk-taking versus risk monitoring.

Co-founder – Sales/Marketing Manager
  • My current job since January 2012

Data Analysist - in MOFEES, LLC and
Northern Chain Est;
- Developed Sales plan increased sales from $20, 000 to over $5 million; Developed Marketing
strategy plans; over 50 sales point, over 200, 000 subscribers/fallowers. Help get Northern Chain
Est. funded by investors.
• Experience in Business Analysis with Strategic Business Integration (SBI), Graduation project;
Cases (Fidelity - Ford - Best Buy

Risk Consultant at KPMG
  • Saudi Arabia - Riyadh
  • July 2017 to April 2021

- Duties in KPMG Internal Audit, Compliance & Risk Consulting department included:
• Establishment of enterprise Risk management functions including ERM maturity assessment, developing policies and procedures, risk committee charter, risk appetite statement, risk taxonomy, RCSA, risk registers, KRIs, risk matrix.
• Diagnostic/Risk management review in semi-governmental entities. And the execution of risk-based audit engagements in several departments.
•Establishment of Internal Audit function (charters, organization charts, Manual, Delegation of authority, code of conducts and etc.) Identification of Audit Universe and Development of Risk registers, development of Audit Plan, execution of Internal Audit as per IA plan, Reporting to the Audit Committee on key observations.
• Risk assessment and the development of an internal audit plan for the private and public sectors, by identifying strategic risks that may prevent the entities from achieving its strategic objectives. In addition, Risk identification and building a risk register across the departments.
• Conducting internal audit execution for several departments such as: Anti- Fraud, AML, CTF Compliance, Risk Management, collection, sales, marketing, brokerage, Finance, Facilities Management, Human Resources, and others.
• Anti-money laundering, KYC, and sanction screening assignments for the financial sector.
• Conducting compliance review over SAMA, CMA, government law & regulation
• Code of conduct and work ethics review, and compliance and Non-Disclosures review.
• Compliance audit on multinational companies in different sectors such as Automobile, pharmaceuticals, and lodging.
• Gap Analysis for a governmental financial services entity include (portfolio analysis, international benchmarking, and review of P&P
• Reviewing governance in both cooperate and governmental entities, implementing governance in different processes of many government agencies

Advisor at Breaking Ground Technology Co. Ltd
  • December 2016 to July 2017

Education

Bachelor's degree, Insurance And Financial Risks Studies
  • at University of North Texas
  • January 2016

Risk Management, Insurance & Financial Services

Specialties & Skills

Consulting
Compliance
Risk Assessment
Internal Audit
BUSINESS ANALYSIS
MARKET PLANNING
STRATEGIC
ACADEMIC
BENCHMARKING
CONSULTING
CUSTOMER RELATIONS
EVENT MANAGEMENT

Languages

Arabic
Expert
English
Expert

Memberships

Association of Certified Fraud Examiners
  • Member
  • February 2020

Training and Certifications

Operational Risk Manager - PRMIA (Certificate)
Date Attended:
February 2020
Certified GRC Professional (GRCP) (Certificate)
Date Attended:
March 2020
Certified Fraud Examiner (CFE) (Certificate)
Date Attended:
May 2020

Hobbies

  • Traveling
  • Reading
  • Hiking