Country Risk Manager
IKEA Saudi Arabia
Total years of experience :14 years, 7 Months
Risk related:
Develop, implement and maintain an ERM framework and supporting policies and
procedures
Develop and implement a strategic and annual ERM plan
Develop Operational Risk functions
Develop and implement accounting treatment of operational risk losses.
Develop and maintain Risk Register
Facilitate the development of risk response strategies & mitigation plans
Report all relevant ERM matters including, findings, risk status and
recommendations to relevant stakeholders
Enhance risk management culture in the organization
Develop and implement SLA between IKEA & sister companies
Insurance related:
Insurance premiums and terms for insurances are regularly reviewed.
The causes of claims are analyzed and claims are properly settled.
Property insurance survey findings are coordinated and recommendations are
followed up on.
Insurance claims and figures are analyzed to check that Risk Management rules of
IKEA and legal requirements are adhered to.
Safety Functions:
Risk Management rules of IKEA and legal requirements relating to fire prevention
and customer safety adhered to.
Safety routines are established at new construction sites and openings of new units
occur safely for co-workers, customers and visitors.
Risk Management rules of IKEA relating to natural hazards are adhered to.
Support development of Business Continuity Management (BCM) and disaster
recovery plan for each store and monitor their implementation.
Security Functions:
Security-related weaknesses are regularly analyzed and identified. They are
brought to the attention of management to decide on appropriate mitigation.
IKEA crime and corruption prevention programs are implemented.
Risk Management rules of IKEA relating to physical security, such as intrusion
alarm systems, access control systems, and money transportation systems are
complied with.
Support is provided to units when a serious incident or major loss has occurred and
initiate investigations
Manage Risk Management department
Perform overall risk assessment throughout all levels within the organization.
Review, analyse and evaluate risks identified through both internal and external
audits.
Review company policies and procedures to ensure comply with the SAMA &
CCHI regulation.
Liaise and supervise with departmental heads for clarifications related to risks and
its implications.
Monitor and report processes to ensure risk mitigation is in place along with
incident report.
Build Risk Profile (Own Risk Solvency-Assessment) for the entire company
1. Work with each department to identify ORSA
2. Set corrective action plan and target date
3. Ensure CAPs in place, controls are effective and well implemented
Developed the BCM plan and strategy.
Key Risk Indicators (KRI`s)
1. Define KRI`s
2. Analyze and monitor KRI`s in monthly basis
3. Reporting the result is quarterly
Establish and analyze root causes and effects
Initiate escalation and management procedures
Reduce potential financial impact.
Establish new control measure to prevent potential incidents and losses.
Conduct stress scenario
Report all relevant ERM matters and recommendations to stakeholders
• Handling compliance violations and tracking on monthly basis to ensure the complying with SAMA regulations.
• Handling & managing the Operational Incidents and Losses, to set the corrective action plan required.
• Managing the Audit, Internal review observations, and tracking the Corrective Action Plan related.
• Enhanced the system to identify & monitoring the suspicious transactions within the Anti-money laundry criteria.
• Responsible of bi-yearly portfolio check against OFAC, UN, and SAMA blacklist.
• Monitoring the adherence of implementing the policy and procedures
Within CFS.
• Applying a comprehensive review plan (similar to internal Audit).
• Conducting regular Quality Review and Fraud Review.
• Performing investigations for suspected cases within CFS and manage the Fraud Database.
• Supporting the business to resolve all Compliance, Audit and legal issues (regulatory).
• Identifying potential fraudulent transactions.
• Participate in establishing the management procedures among with taking the several training courses required.
• Monitoring the production performance and preparing the daily reports.
• Responsible of monthly invoicing and drafting financial reports.
Saudi Industrial Projects Company (PEPSI COLA) . I had a training course in Operation and Production Lines. I developed a method to reduce the number of employees while the efficiency and productivity remains constant.