Risk Manager
Al Ahli Bank of Kuwait
مجموع سنوات الخبرة :13 years, 9 أشهر
Served as the Group’s Risk Analytics Head, managing all the quantitative models under the purview of Risk department
Successfully implemented the IFRS 9 modeling and regulatory reporting for the Group (entities at Kuwait, UAE and Egypt)
- Responsible for model maintenance/validations/implementation for IFRS 9 PD/LGD models at the Group level including:
- Corporate PIT PD models (both internal and S&P provided model); Workout and Jacob Frye based LGD model
- Retail PD modeling including segmentation, multilinear regressions for PIT PDs
- Retail LGD modeling using workout approach and beta regression for macro sensitive LGDs
- Successfully led the Group-wide implementation of IFRS 9 system (impairment and reporting solution)
Led the development/enhancements of multiple Credit Risk decision support tools with related modeling initiatives
- Delivered enhancements of the profitability (RAROC) models based on regulatory and IRB capital requirements
- Led the quantitative validation of the S&P credit rating model and related analytics
- Was instrumental in setting up of risk concentration limits/appetite for obligors, countries and FIs
Responsible for maintenance and updates in the ICAAP Pillar II and Stress models
- Revamped Credit Stress models of the bank to align with IFRS 9 based provisioning methodologies
- Conducted COVID-19 stress on the whole sale portfolios based on both “Top Down” and “Bottom-Up” approaches
- Led the project on “review & benchmarking of the bank’s ICAAP models with global regulators and best practices”;
- Supported the development of simulation based operational risk models (OpVaR and cybersecurity risk)
- Enhanced IRRBB models of the bank for compliance with Basel III guidance. EVE, NII and behavioral modeling
Responsible for setting up the model risk management framework for Risk Management department in the bank
Led the IFRS 9 implementation project at AUB, Kuwait in coordination with the AUB Group at Bahrain
Completed the modeling requirements and database/system/policy enhancements for IFRS 9 compliance
- Quantitative model validation of Corporate risk rating model, Moody’s Risk Analyst (MRA)
- PD calibration of MRA and development of lifetime PIT PD term structure for the Wholesale book
- Supported development of new application and behavioral scorecards; calibration of scores to PDs, PIT and Lifetime PDs
- Preparation of policies/procedures for IFRS 9 compliance, monitoring and control & reporting to Senior Management
Enterprise Risk modeling initiatives related to ICAAP and Risk analytics
- Developed excel model for IFRS 9 based Credit stress testing for Corporate and Retail book
- Preparation and maintenance of models for measuring market risk metrics EVE, NII and FX VAR
- Developed a compendium “Management Information Pack” for a focused Risk reporting for Senior Management
Represented the bank as a member of “IFRS 9 Technical Working Group” of Kuwait Banking Association (KBA)
Worked in the Financial Risk Management (FRM) practice at KPMG covering all strategic and operational aspects of corporate treasuries. As a consultant, I have worked with leading corporate treasuries in Oil and Gas, Pharma, Telecom, IT and Metals sector in India and Middle East and assisted them on various issues ranging from hedging strategy, policy and processes formulation, developing risk models, cash/liquidity management and improving operational efficiency.
Conducted Treasury reviews, audits and process improvement projects
Assisted in Accounting change (IFRS 9 and IAS 39)
Worked in the Centralised Treasury of Essar Group - conglomerate with verticals in Oil, Power, Steel, Shippings and ports sector.
Around 4 years of diverse experience in front office (FX/Derivatives desk), risk management and corporate finance areas
Treasury operations, process improvement and control, Treasury systems and integration,