Manager - Policy Review, Risk Management
Dubai Islamic Bank PJSC
Total years of experience :17 years, 0 Months
MANAGER - POLICY REVIEW, RISK MANAGEMENT
Dubai Islamic Bank, UAE (Oct-2013 - Current)
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)
Liaise with stakeholders to create a comprehensive risk strategy in line with business strategy along with appropriate limits and tolerances thresholds for effective risk measurement and monitoring
Review Central Bank and BIS regulation and / or guideline documents to assess and ensure Bank’s preparedness for Compliance
Support the development and implementation of eGRC (Governance, Risk and Compliance) system having effective Risk Assessment and Incident Management modules
Implemented an effective Fraud Prevention and Monitoring system which provides a single point view of all Banking Channels, Services and Products in order to proactively identify and mitigate fraud attempts
Monitor risk events and fraud incidents and support booking of operational losses to maintain a complete inventory in line with Basel II requirements
Create Risk Awareness by conducting workshops and trainings to staff for staff to fully utilize the Enterprise Risk tools available in line with the Framework
Review Policy and Process documents, Product Papers and key management decisions from Risk Management perspective to mitigate Bank’s risk exposure
Enable business and operations to implement robust policies and processes in line with the Bank’s risk appetite and risk management framework
Analyze Internal and External Fraud Incidents to identify and plug process gaps by recommending robust processes implementation to mitigate current Fraud trends
Manage the renewal and claim management process of the Banks Insurance Policies (Bankers blanket bond, Professional indemnity, Directors and officers liability, Property all risks and Third party liability)
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 and legal department for ensuring Bank’s Legal strategy is in line and updated with the Insurance company; and that the legal strategy does not undermine the Bank’s rights under the Insurance claim
Support development and implementation of effective Capital Calculation methodologies for Operational Risk in line with the Basel II guidelines
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 upgrades and implementation and Conduct trainings (Hands on / Train the Trainer) for key stakeholders
Structured the Business Continuity Planning & Disaster Recovery Policy document
Gained 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 an effective management system
Administer the Bank’s Authorized Signature Book, Power of Attorneys and Delegation of Authorities to enable effective management review and control
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
Graduated with Distinction achieving a WAM (Weighted Average Mark) of 80%. Received the Merit Scholarship for academic excellence.
Graduated with Distiction in the university examinations. Secured 75.12% in final examinations. Succesfully completed industry project. Was awarded the 'Best Student' award for all round excellence in college.