Deputy Head - Special Projects
Gulf International Bank
Total years of experience :18 years, 7 Months
• Engages and controls all aspects of vendor’s selection, system selection and evaluation, completes impact analysis, operational workflow and accounting schemas which covers conventional and Islamic banking products.
• Steers efforts towards evaluating processes and IT infrastructure in order to increase the efficiency and mitigate operational risks in regards to Core Banking Systems.
• Executes designing, testing and rollout of bank-wide core banking systems to cover the wholesale, treasury, retail, trade finance and transaction banking products, that systems include FlexCube, Murex and EximBills.
• Enhances relationship with the internal audit and operational risk departments throughout the project’s life cycle and prepares and reviews the design documents and procedure manuals.
Major Accomplishments:
• Successfully prepared and presented the gap analysis, in addition to the proposed design and process comparing the old system and the new system.
• Enhanced the financial and statutory reporting by revamping the whole chart of accounts and providing additional quantitative and qualitative details.
• Participated in the SAMA Taskforce for the implementation of Basel III for foreign incorporated banks.
• Successfully managed to build, test and rollout accounting system for two of the Group’s newly incorporated entities.
• Continuously supporting all business areas to launch a variety of new products including structured finance, cash management and trade finance, FX and commodities swaps and options.
• Appointed as a vocal point of contact to present Finance with External Auditors, Internal Audit and Operational Risk departments.
• Managed the testing and rolling out Murex, EximBills and Fermat systems upgrade.
• Participated in building and rolling out VAT processes and parameter related to UAE and KSA entities within a very short timeline.
• Successfully presented the branch at SAMA CFO’s committee meetings on a regular basis.
• Prepared and assessed statutory annual and quarterly financial statements, and group reporting financial information packages.
• Formulated balance sheet management reports, which are presented to the ALCO of both the Group and the KSA Branch.
• Magnificently collaborated with tax advisors and resolved issues with high importance related to with-holding tax returns, income tax and zakat matters with the GAZT.
Major Accomplishments:
• Accomplished in preparing first regulatory returns and financial reports of GIB KSA Branch that included retail operation.
• Streamlined the processes and cross-departmental interactions to reduce the time to prepare the regulatory returns by 50%.
• Automated the financial reports and its supporting documents and reduced the time related to its preparation by 60%.
• Revamped the analysis of both the MIS package and related Financial Reports and included additional analysis as well as reduced the time by 40%.
• Tracked and reviewed regulatory reports prior to submission to the regulators in Bahrain, Saudi Arabia, United Kingdom, New York and Cayman Islands.
• Prepared policies and procedures for regulatory reporting comprising of capital adequacy, tax returns, statistical reports and other ad-hoc reports.
• Systemised regulatory reports by utilising SQL and OBIEE.
Major Accomplishments:
• Handled automation of regulatory reports with the utilization of SQL for CBB and SAMA.
• Developed and implemented service catalogue, policies and procedures for SAMA, CMA, and CBB.
• Performed tax-planning activities for various jurisdictions of the Group.
Directly reporting to the Chief Executive Officer.
- Monitoring capital requirements and advising on potential investment
opportunities.
- Overseeing the day-to-day finance and operations matters of the Company.
- Handling preparing budgets, performance, MIS reports and ad-hoc reports to
Senior Management and the Board of Directors.
- Acting as a liaison with BNP Regional Head Office in Bahrain on operational and technical issues.
- Preparing Financial Statements of the Company, co-ordinating with Internal and
External Auditors in Bahrain and Riyadh.
- Preparing and monitoring statutory reports submitted to Capital Markets
Authority (CMA)
- Preparing and monitoring with-holding tax returns and Zakat filing to
Directly reporting to the Chief Financial Officer.
- Handling and giving assistance to external consultants on several occasions for strategy formulation, strategic initiatives follow-up and company reconstruction to create synergies and eliminate deficiencies across the NCB Group.
- Financial Controller for Technology Division and Other Support functions.
- Participated in Oracle Project implementation and customization.
- Handling preparing budgets, performance, MIS reports and ad-hoc reports to
Senior Management and the Board of Directors.
- Acting as a liaison with strategic partners (Goldman Sachs) on operational and technical issues, The Saudi National Commercial Bank - Jeddah (SNCB),
affiliates and subsidiaries in United Arab Emirates and United Kingdom.
- Preparing Consolidated Financial Statements of NCB Capital, co-ordinating with
Internal and External Auditors in Riyadh, Jeddah and Bahrain.
- Preparing and monitoring statutory reports submitted to Capital Markets
Authority (CMA) and Saudi Arabia Monetary Agency (SAMA)
- Preparing and monitoring with-holding tax returns and Zakat filing to
Department of Zakat and Income Tax (DZIT)
- Participating in risk function, monitory capital requirements and advising on potential investment opportunities.
- Preparing benchmark studies and research regarding the company's performance
vis-à-vis other regional and international competitors.
- Preparing financial modelling using DCF and other techniques for acquisitions,
impairment testing and product feasibility studies and enhancements including
private equity, hedged funds and equity mutual funds.
RECEIVED T OP A CHIEVERS A WARD FOR KPMG B AHRAIN
Participated in auditing several listed and high profile companies as well as auditing and reviewing investment & commercial banks, financing companies, construction companies, investment groups, telecommunications companies, ministries and directorates and other small businesses and companies (Arab Petroleum Investment Corporation "APICORP"; National Bank of Bahrain "NBB"; Esteerad Investment Company; Bahrain Commercial Facilities Company
"BCFC"; NASS Corporation; BATELCO and Ministry of Education)
- Involved in planning, fieldwork and completion of audit work for clients in Bahrain, Saudi Arabia and Jordan.
- Joined Financial Advisory Services to conduct due diligence for investment companies and financial institutions in Bahrain, Jordan and Tunisia.
Member of the Commission of Securities and Investments
2001 - 2006 (Honoured by the Dean for participating in extra-curricular activities
Honored by His Royal Highness the Prime Minister for Academic Achievements