Senior Specialist Risk Management
Islamic Development Bank Group
Total years of experience :20 years, 9 Months
The Islamic Corporation for the Insurance of Investment and Export Credit (Aa3 rated by Moody’s on standalone basis)
A member of Islamic Development Bank Group-IsDB (AAA rated MDB by S&P, Moody’s and Fitch)
Senior Specialist Risk Management (Sept 2017- )
• Reporting directly to the CEO.
• Undertaken challenge to establish Enterprise Risk Management, developed an ERM framework to restructure the Risk Management Division by 2020.
• Responsible for Country/Political risk, Credit and Commercial Risk, Market and Operational Risks in a multilateral development bank environment.
• Responsible to manage risk of around $ 5.00 billion risk exposure and investment fund in a political and commercial risk insurance perspective.
EMPLOYMENT HISTORY:
JAIZ BANK PLC., NIGERIA (2011-TILL DATE)
1. Chief Risk Officer and Head of Risk Management Division from August 2013 till date directly reporting to Board of Directors.
2. Chief Risk officer Ag, (May 2012 to August 2012)
3. Risk Manager (October 2011 to April, 2012)
4. Provisionally worked to establish Shariah Department, Treasury and International Operation departments during Jan-Oct 2012 at commencement of the first ever full- fledged Islamic Bank.
JOB FUNCTIONS & RESPONSIBILITIES
• Overseeing Risk Management Division comprising of Credit, Market & Liquidity, Operational, Sharia’h non-compliance and Unique Risk departments under an Enterprise Risk Management framework.
• Responsible for implementation of the Basel II/III in letter and spirit including ICAAP, stress testing, capital planning, strategic credit portfolio diversification planning etc.
• Developed the policy framework for Credit, Market, Liquidity, Operational and Unique Risks associated with NIFIs-Non-Interest Financial Institutions (Islamic Banks) with reporting formats which has now become industry model.
• Developed and managing a robust credit risk management policy & strategy, standard operating procedure (SOP), Enterprise-wide Risk Management Manuals covering all risks includes but not limited to Financial, political risk etc, workflow, frameworks and due diligence culture in the Bank.
• Conducting review of scenario analysis, stress-testing, back-testing on various market risk exposures and producing report for ALM covering the exposure level.
• Developed CRG-Credit Risk Grading System for the Credit risk measurement techniques based on both quantitative and qualitative scoring model along with ‘j’ model IFRS complaint impairment test techniques, PD, LGD, EAD estimation for credit risk.
• Overall responsible for Portfolio and Investment management, credit risk assessment, creation, monitoring and recovery functions.
• Developed a robust operational risk RCSA-Risk and control Self-Assessment and KRI and also reporting templates. Championed a robust Information Security management (ISO Certified), Business Continuity Plan, Whistle blowing platform, safety and health management and Sustainability Banking Platform etc.
• Designing innovative and unique shariah financing and liability Products along with risk based shariah compliance and governance framework and auditing platform
• Working as functional secretariat for Board Credit Committee, Board Risk Committee while contributing as member of different management committees e.g. Management Credit Committee, ALCO (alternate chair), Management committee, IT Steering Committee, Criticised Asset Committee (alternate Chair) and Coordinator of ERM project.
• Active member of Chief Risk Officers’ Forum constituted by the Central Bank of Nigeria as subcommittee of Bankers Committee and alternate chair of its Capacity Building subcommittee.
• Working as lead contributing member of developing Islamic Banking various framework and guidelines for Central Bank of Nigeria on consultative basis.
Formulated the Risk Management Division with all rudimentary requisite elements and bank's start up
IBBL (2003-2007) PROBATIONARY OFFICER, OFFICER & SENIOR OFFICER
General Banking operations includes cash management, Remittance payment, fund transfer, Account opening, customer service, Balancing etc. (2003) in Branch.
Relationship Officer (credit creation to documentation and recovery in Branch (2004-2005)
Relationship Manager and In-charge of credit operations including Micro credit of Branch from 2006 to 2008 (2005-2007)
IBBL (2008--2011) SENIOR OFFICER & PRINCIPAL OFFICER
Led Credit Risk Department unit in Branch and Zone
Led foreign exchange department (International Trade) with handling both Export and import and overseas corresponding.
Worked as BASEL-II implementation manager considering credit, Foreign exchange (market) and operational risk of the Branch exposure
Worked as Shariah compliance Manager
Group Head of Credit and Foreign Exchange (market) Risk managed 50% of bank’s exposure
Led credit and trade finance and analyzed measurement, and reporting and recommending of the exposure to the higher authority.
Led Shariah Compliance Risk unit and produced periodic reporting and recommendations.
Led Asset Liability (Balance sheet) manager of the Zone
Led administrative unit for operations and supervision of Branches under the Zone.
Japanese economics and finance
P-1