Mustufa Malubhai, Manager - Policy Review, Risk Management

Mustufa Malubhai

Manager - Policy Review, Risk Management

Dubai Islamic Bank PJSC

Location
United Arab Emirates - Dubai
Education
Master's degree, International Business
Experience
17 years, 0 Months

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Work Experience

Total years of experience :17 years, 0 Months

Manager - Policy Review, Risk Management at Dubai Islamic Bank PJSC
  • United Arab Emirates - Dubai
  • My current job since October 2013

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

Senior Officer - Policies & Process at Dubai Islamic Bank
  • United Arab Emirates - Dubai
  • July 2010 to October 2013

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

Operations Officer at Tamweel PJSC
  • United Arab Emirates - Dubai
  • May 2007 to July 2011

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

Education

Master's degree, International Business
  • at University of Wollongong, Australia
  • July 2011

Graduated with Distinction achieving a WAM (Weighted Average Mark) of 80%. Received the Merit Scholarship for academic excellence.

Bachelor's degree, Information Technology
  • at Mumbai University
  • June 2005

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.

Specialties & Skills

Banking Domain
Policy Writing
Process Optimization
Operational Risk Management
Internal Controls
Communication Skills
Analytical Skills
Ms Excel, Word & Office
Financial Analysis
Business Analysis
Process Re-engineering
Anti Money Laundering (AML)
Policy Writing
Islamic Banking
Banking Products, Laws and Standards
Cross / Multi Cultural Relationship Management

Languages

English
Expert
Hindi
Expert
Gujarati
Expert
Arabic
Beginner