Head of Risk
Noor Bank
Total years of experience :29 years, 9 Months
o Responsible for Market Risk, ALM, Operational Risk, Basel II, Risk Analytics and Information Security & Governance.
o Defining the Risk appetite and Limits for the areas covered and seeking approval from the Board.
o Have performed the role of Acting Chief Risk Officer covering all Credit & Risk functions.
o Highlighting the pertinent issues to the Board Risk Committee on all types of risks in the bank.
o Responsible for the preparation of ICAAP report including Credit, Market, Operational, Credit Concentration, Liquidity, Profit rate, Reputational, Strategy, Legal, Sharia and Settlement Risks.
o Overseeing the implementation of Policy Governance across the bank. Review of policies, product programs and standard operating procedures across all functions to ensure compliance with both internal and regulatory guidelines.
o Rolling out of Basel III regulations on Liquidity and Capital management.
o Establishment of Stress testing, Capital contingency and Liquidity contingency policies.
o Establishment of Risk controls, Monitoring, Hedging policies and Counterparty risk measurement across all products in Treasury.
o Implementation of Moody’s Risk Analyst and developing scorecards for different type of financings.
o Implementation of Risk adjusted Credit pricing model to establish minimum asset pricing for Corporate/SME/FI financing.
o Implemented Risk adjusted Returns across segment/product using Basel II capital.
o Capital estimation & forecasting done to assess the additional capital requirements. Capital planning efforts are done by moving high capital consuming assets to low capital consuming assets.
o Introduction of a base rate mechanism to restrict the volatility in the consumer financing.
o Rolling out of KCSA across the bank and periodic review to ensure compliance.
o Governance over both information technology and information security to address pertinent issues.
o Setup a pricing mechanism to control the profit rates on different liability products.
o Modeling Core and Volatile deposits to determine the allocation of these deposits across different time periods for the management of liquidity and price risk in the balance sheet.
Committee membership & role:
o Chairman of Operational Risk Committee addressing the Operational risk issues in the bank.
o Member of Asset Liability Committee which covers Profit rate, Liquidity, Concentration and other Regulatory ratios.
o Member of MANCOM which covers the Bank’s Balance sheet and P&L targets.
o Member of ICAAC which covers Capital management and planning.
o Member of Outsourcing committee to migrate the support functions to a third party vendor.
o Member of Disciplinary and Repossessed Assets Committee.
o Member of Sub Credit Committee for a period of 2 years until Risk and Credit functions were split in the bank. The committee had a credit limit of AED 500 mln with a maximum tenor of 5 years.
o Member and Chairman of Executive Credit Committee while performing Acting CRO role of the bank. Had an individual credit limit of AED 30 mln with a tenor up to 1 year.
Significant achievements
o Rated as top performer consistently for five years from 2009 - 2013 in the bank.
o Lead the Bank’s rating exercise from Risk management and participating in annual review. The bank received a rating of A- from Fitch.
o Represented Risk management on all external borrowing including raising Tier I capital.
o Managed a staff of 110 people while being Acting CRO covering all Credit & Risk functions including Compliance and Fraud.
a) Senior Manager - Value Based Management
Emirates NBD, UAE
b) Senior Divisional Manager - ALCO Support Group
National Bank of Dubai, UAE
Value Based Management
o Established the Value Based Management model with support from Mckinsey for the bank. The model allowed to measure Risk adjusted Return on Capital (RAROC) by business, product, customer and transaction.
o Setup the levers to allocate both direct and indirect costs in the bank. The capital utilization is allocated using Basel II capital usage. The allocations were done at transaction level so that the numbers can be summed up to produce RAR at different levels.
o The analysis helped to identify, understand, restructure and renegotiate on the various business avenues in the bank. It also helped to improve the performance of the businesses and more focused towards higher yielding assets.
Asset Liability Management
o Establishment of ALCO support function in the bank. Setup a mechanism to routinely receive inputs to the attention of ALCO.
o Reporting of Interest rate risk, FX risk, Investment Portfolio analysis, Liquidity position, Basel II CAR and other key risk indicators of the bank.
o Validation of Oracle Risk manager module. Review of assumptions of indeterminate accounts, new volumes and rollover of maturities.
o Drafting ALM policies and procedures.
o Preparation investment and funding strategies for the ALCO.
Other major achievements
o Post-merger consolidation of structural risks in the bank.
o Rated as one of the Star performers of the bank for 2008.
o Setup ALCO reports for the Islamic banking arm of NBD and functioned as the ALCO secretary.
o Validation of profit distribution model of Islamic banking arm of NBD.
o Setup of treasury middle office function in the bank. Monitoring and reporting of treasury trading limits.
o Implementation of Basel II standardized approach for market risk.
Key responsibilities:
- Setup a mechanism to routinely receive inputs to the attention of ALCO committee. Establishment of ALCO support group to prepare, analyze and report the key performance indicators of the bank to ALCO.
- Reporting of Interest rate risk, Foreign exchange risk, Investment portfolio allocation & valuation, Liquidity position, Interest rate forecast, Basel II Capital adequacy ratio and other indicators that affect the growth and performance of the bank.
- Validation of ALM reports in OFSA Risk manager module. Review of assumptions of indeterminate accounts, rollover of maturities and new business volumes.
- Drafting ALM policies and procedures.
- Liaising with business units to analyze the balance sheet growth and investment strategies and their impact on the consolidated balance sheet.
- Preparing investment and funding strategies on an ad hoc basis.
- Implementation of Basel II market risk computation using standardized approach.
- Establishment of Treasury middle office functions in the bank. Monitoring and reporting of the trading activities, limits and P&L of the treasury.
- Setup ALCO reports for Islamic banking unit of NBD.
- Post-merger consolidation of structural risks of Emirates bank and National Bank of Dubai.
Job accountabilities:
Populate the interest rate risk simulation model and verify its accuracy, reasonableness, consistency and use it to provide ALCO reports of economic value, net interest income, duration, repricing gap, liquidity position, and shareholder value fortnightly.
Assist in the analysis of impact of various interest rate scenarios and the preparation of strategies.
Communicate standard reports and ALM analysis & commentary to ALCO committee regarding the month-to-month changes and risk impacts.
Liquidity mismatch analyses both short-term and long-term, ratios, funding resources, behavioral adjustments and derivatives impact. Reporting of daily repo liquidity to control management.
Market risk amendment calculations based on Basle accord and SAMA guidelines. Calculation of capital adequacy ratio and charges covering Interest rate, Equity and Foreign exchange risk reported quarterly.
Daily reporting of investment gap, currency gap, exchange gap, net trading position, tolerance test and FX exposure of the treasury and overseas branches. Daily mark-to-market revaluation of IRS, FRAs, Bonds, CDs and other financial instruments.
Monitoring of stop loss, position and gap limits and reporting of excesses to Treasurer and ALCO. Coordinating with IT department for system integration, upgrade of new versions, setting up of new products and generation of new reports. This includes timely resolution of technical and functional related issues.
Running daily VaR model (Midas Plato) which uses Variance/Covariance matrix. It includes calculation of market value, VaR, stress testing and backtesting for the banking book and trading book. Analysis of impact of each product/book on the total VaR.
Key responsibilities:
Complete Treasury back office operations for the dollar investments at the Global level. It involved getting management approval of investments, deal confirmations, project payments, maturity reminders, swift messages, correspondence with bankers including maintaining up to date nostro accounts, and full documentation.
Foreign currency conversion on EEFC a/c, daily monitoring of fund requirements at branch level, inter-bank and inter-branch transfers and placement of deposits of excess funds.
Quarterly reporting of utilization of Global depository receipts (GDR) funds and EEFC a/c to Central bank and Government of India.
Accounting of rupee and foreign currency accounts and bank reconciliation.
Management reporting of interest income, cash flow statements, yield on various investments.
Daily reporting of share value, market capitalization and volume of local and GDR shares to CMD, Directors and senior officials of the organization.
Achievements
Represented the Treasury department for the changeover to SAP based accounting system from Oracle based financial accounting system.
Change of method and system of accounting of Global Depository Receipts (GDR) funds retrospectively as per the guidelines given by Central Bank of India.
Paper on “The European Monetary Union and the Euro”.
Paper on “Interest Rate Swaps and Hedging”.
Paper on “Comparative risk and return analysis” on different investment avenues.
Key responsibilities:
Complete back office operations to support Traders dealing in Metals like Aluminium, Copper, Nickel and Zinc. It includes correspondence with metal producers within India and abroad, deals confirmations and full documentation.
Management reporting of stock movement of metals including global production & supply and daily metal prices of the London metal exchange.
Foreign currency conversions, Cash flow projections, Bank Guarantees, Letter of Credit and daily monitoring fund requirements
Portfolio management of the shares & bond portfolio held by the company.
Key responsibilities:
Cross currency margin trading in major international currencies namely, British Pound, Japanese Yen, US Dollar, Deutsche Mark and Swiss Franc on the investment portfolio of the company. Member of the advisory team recommending merit investments on the portfolio of Clients of the company.
Charting of currencies for different periods and studying the nature of fluctuations of the market. Forecasting market trends by usage of technical tools like Candle stick, Bar chart, Point & Figure chart, Relative Strength Index, Momentum, Oscillators and Fibonacci retracement.
Preparing weekly and monthly newsletter to client and top management of the company. Updates on different currency movement, analysis of fundamental factors affecting the economy of the country such as Employment rate, Inflation, GDP, Interest rates, Government policies, Regulations and Control. Represented as Sub-editor for the periodical review under the heading “FOREX VIEW”.
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