Richard Abdallah

Risk Manager at Arabia Insurance

• Lebanon - Beirut
• My current job since January 2022

• Identifying the risks related to various business lines and functions within the Group.
• Developing a Risk Appetite Statement in line with corporate strategy and objectives.
• Building an Enterprise Risk Management (ERM) Framework that includes risk governance structure, risk competencies and risk reports.
• Developing Risk Management Policies in line with international standards and best practices (Solvency II, IAIS Principles).
• Responding to regulatory requirements in Arabia’s areas of presence.
• Controlling Asset/Liability Management (ALM) activities.
• Performing Solvency and Capital Planning exercises.
• Conducting ad-hoc stress testing and scenario analysis.
• Coordinating with different functions including Finance, Treasury, Compliance, IT, etc.
• Promoting a culture of risk awareness across company staff.

Head of Market Risk & ALM at Credit Libanais

• Lebanon - Beirut
• March 2021 to December 2021

• Managed the credit and market risks related to the Bank’s investment portfolio valued at over $5 billion.
• Lead a team of 3 risk analysts delegating tasks to meet deadlines and evaluating performance levels. • Assisted the CRO in all major risk projects and systems related to ERM/ALM.
• Reported Capital Adequacy and ICAAP in line with Basel Standards.
• Conducted stress testing and scenario analysis on the Bank’s capital, liquidity, profitability, and FX positions to determine its risk sensitivities with respect to market volatility.
• Advanced the Transition from LIBOR Action Plan. • Prepared the 5-year capital planning exercise in coordination with finance to develop and update the Bank’s Medium-Term Strategy.
• Consolidated the preparation of Risk Reporting packages for the Board Level Risk Committees.
• Monitored the Bank’s Liquidity Risk profile in line with international standards (LCR/NSFR) by maintaining an ample buffer of high quality liquid assets and abundant stable funding.
• Collaborated with the Financial Institutions department on the analysis of more than 150 correspondent bank limits (money markets, equity/fixed income, trade finance, etc.).
• Stayed informed of local/international regulatory frameworks and best practices (Basel, IFRS, IAS, etc.).
• Coordinated with external auditors on the validation of the Bank’s annual and interim financials.
• Responded to local and foreign regulatory authorities on matters related to risk management, compliance, and best practices (Lebanon, Bahrain, Cyprus, and Senegal).
• Developed the Bank’s policies and procedures with respect to risk management (investment, liquidity, interest rate, impairment methodology, etc.) and corporate governance.
• Provided continuous training and guidance to analysts within the risk management function.

Market, FI & Country Risk Analyst at Credit Libanais

• Lebanon - Beirut
• June 2016 to March 2021

Intern at the Global Markets Department at Bank of Beirut

• Lebanon - Beirut
• August 2015 to September 2015

I had exposure to the following:
o Treasury; Managing liquidity-Nostro/Vostro accounts- overnight settlement-swaps
o Capital Markets; Global & Lebanese equity- Futures/Forward contracts on currencies and commodities
o Fixed Income Securities; Bonds and Preferred Stock
o Forex; providing bid/offer spreads-Dollar/Beirut quotes-buying/selling currencies on the interbank platform
o Asset Management; managing funds-calculating NAV-controlling margin requirements distributing dividends
o Sales; marketing investment products-relationship management and follow up
o Research; preparing daily news reports-utilization of Bloomberg and Reuters platforms for research and simulation

Intern at the Trade Finance Department at Bank Audi

• Lebanon - Beirut
• July 2015 to August 2015

o Learned the main principles of trade finance
o Went over the bank’s main role as an intermediary
o Issuing of Letters of Credit (LOC)
o Matching applicants with beneficiaries
o Handling insurance and reimbursement
o Examining all transport documents are in order