MANAGER
OPERATIONAL RISK ASSESSMENT Dubai Islamic Bank
Total years of experience :17 years, 0 Months
Risk & Corporate Governance
•Support assessment of the Corporate Governance structure of the Bank in line with Central Bank Regulations and best practices. Provided support in the development and implementation of a robust Code of Corporate Governance.
•Liaise with stakeholders to create a comprehensive risk strategy along with appropriate limits and tolerances thresholds for effective risk measurement and monitoring
•Perform annual review of Bank’s Risk appetite statement and ensure adequate mechanisms are in place for adherence and timely reporting against various risk limits.
•Support subsidiaries in the adoption and implementation of an effective Risk Management Framework, in line with the local environment and regulatory expectations.
•Support planning and implementation of Bank’s Digital strategy while providing key inputs from Risk Management perspective.
•Support development and implementation of effective Capital Calculation methodologies for Operational Risk in line with the Basel II guidelines
•Lead efforts for implementation of a effective Enterprise Fraud Prevention and Monitoring system which provides a single point view of all Banking Channels, Services and Products
•Engage with Central Bank and external auditors in explaining Bank’s policies, frameworks and strategy towards Risk and Governance.
Risk Assessment
•Review Policies and Processes in understanding assessing the impact of the proposal on an organizational level. Ensure that the Policy is in line with the larger organization goals, and highlight residual risks or impacts for management review and acceptance.
•Propose Policy and Process enhancements by engaging stakeholders and senior management in order for quick implementation to mitigate risks and protect Bank interests.
•Engage management and stakeholders for the establishment and development of Risk Management framework and conducting periodic Risk Assessments (like Risk Control Assessment, Key Risk Indicators and Fraud Risk Assessments)
•Support the development and implementation of eGRC (Governance, Risk and Compliance) system having effective Risk Assessment and Incident Management modules
•Monitor risk events and fraud incidents and support booking of operational losses to maintain a complete inventory in line with Basel requirements
•Analyze Internal and External Fraud Incidents to identify and plug process gaps by recommending robust processes implementation to mitigate current Fraud trends
Insurance Management
•Manage the renewal and claim management process of the Banks Insurance Policies (Bankers blanket bond, Professional indemnity, Directors and Officers liability, etc.)
•Review insurance policy wording to ensure the coverage is adequate and in line with the Bank’s risk appetite and business requirements
•Coordinate with Insurance Broker, Loss Adjuster and legal department for ensure that Bank’s rights under the Insurance claim are protected at all times.
Write Policy and Process documents for Retail products and operations, Branch banking, Corporate banking, Investment Banking and other key operating areas
•Engage with Senior Management, Audit, Compliance, Risk, Internal Control, Operations and Business for review and approval of Policy & Process manuals
•Key Consultant in Process Re-engineering and optimization projects to improve Customer service and Operational efficiency for achieving strategic vision and goals
•Liaise with Central Bank and Vendors for system implementation / upgrades and Conduct trainings (Hands on / Train the Trainer) for key stakeholders
•Excellent understanding of Branch, Retail Operations (Account Maintenance, Clearing, Remittance) Corporate Operations (Escrow, Trade, Direct Equities, Asset Management), Business Planning & Analytics and Electronic Banking Services
•Automated the review, approval and circulation of Policy and Process documents by conceptualizing and implementing a management system
Manage the Registration and Transfer process with Regulatory Authorities and Developer offices to ensure Financed assets are registered with a lien
•Maintain excellent relationships with Developers and Lands Department to ensure smooth execution of operational activities and resolve exceptional cases
•Formulate strategy with developers for handover and registration of completed properties; Prepare, supervise and monitor project plans to ensure effective results
•Manage Registration and Transfer process of JLT - Tamweel Tower as developer and ensure an effective repository of owner information is recorded and maintained
•Draft letters and correspondence addressed to Customers for timely recovery of applicable fees to facilitate the title registration process
•Prepare Monthly and Quarterly analysis and progress reports with a focus on key deliverables and achievements; and present the same to Senior management
•Played a pivotal role in transferring Assets for Tamweel Residential (1) Asset Backed Securitization deal (valued USD 210 Million), a first of its kind in the region
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