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Salem Binmahfooz, Director - Risk

Salem Binmahfooz

Director - Risk ·Royal commission for Makkah City and Holy Sites

Saudi Arabia

Master's degree, Engineering Management

Work experience

Total years of experience: 14 years, 9 months

Director - Risk

October 2021 - Present

Royal commission for Makkah City and Holy Sites

Mecca, Saudi Arabia

October 2021 - Present

Review current laws and regulations affecting the organization’s exposure to risk.
Recommend changes to the organization's policies regarding risk exposure and mitigation. Oversee the risk assessments to identify potential threats in the workplace.
Establish and maintain positive connections with key stakeholders to ensure the efficient and effective execution of department responsibilities and tasks.
Assess and recommend updates to the audit and risk committee regarding the organization's risk appetite.
Evaluate the viability of current procedures that must be included in the system's risk and business continuity strategy.
Train staff on the organization's policies regarding risk identification, business impact analysis, and business continuity plan procedures.
Develop policies and procedures for identifying, assessing, monitoring, and mitigating risks. Monitor risk mitigation action plans, developing and sharing detailed risk analysis reports.
Increase risk awareness and create a proactive risk culture by using effective communication tactics and encouraging stakeholder engagement at all levels of the organization.
Play an important role in developing internal risk management knowledge by offering comprehensive training and mentoring to employees, considerably increasing the organization's total risk management capacity.

Company industry:
Public Administration
Job role:
Consulting

Manager Risk Management

September 2019 - September 2021

Royal Commission for Makkah City & Holy Sites

Mecca, Saudi Arabia

September 2019 - September 2021

Conducted thorough risk assessments to identify and evaluate potential risks within the organization, assessed their likelihood, and impacted key business objectives.
Identified internal and external risks, whether operational, financial, and compliance-related. Performed risk quantification and analysis.
Created comprehensive action plans that addressed potential vulnerabilities and reduced the organization's exposure to risk.
Implemented risk control measures such as insurance policies, internal controls, contingency plans, and other preventive measures to minimize potential losses and ensure business continuity.
Provided training and education to employees, promoted risk awareness, and empowered individuals to identify and report potential risks in their respective areas.

Company industry:
Public Administration
Job role:
Management

Property and Casualty Risk Manager

November 2015 - September 2019

AXA Cooperative Insurance Co.

Jeddah, Saudi Arabia

November 2015 - September 2019

Assisted in developing and embedding a robust framework to monitor the performance of property risk. Conducted assessments to define and analyze possible risks.
Evaluated the gravity of each risk by considering its consequences. Oversaw risk management controls and systems.
Designed processes to eliminate and mitigate potential risks. Created contingency plans to manage crises.
Evaluated clients' existing policies and procedures to find weaknesses.

Company industry:
Insurance & TPA
Job role:
Security

Risk Control Engineer (Surveyor)

May 2012 - October 2015

Tawuniya (The Company for Corporative Insurance)

Jeddah, Saudi Arabia

May 2012 - October 2015

Ensured control objectives were always met to keep risk score within risk tolerance.
Created a Risk awareness culture and adhered to the defined risk management framework and standards. Monitored and analyzed risk data to identify potential vulnerabilities, threats, and trends.
Conducted regular reviews of the client’s controls and processes to assess their effectiveness and identify areas for improvement.
Collaborated with cross-functional teams at the client side to ensure risk management practices were aligned with organizational objectives.
Coordinated risk assessments and controlled testing activities to ensure compliance with internal and external requirements.

Company industry:
Insurance & TPA
Job role:
Security

Application Engineer

October 2011 - April 2012

Arabian Air-Conditioning Company Ltd (Carrier Corporation)

Jeddah, Saudi Arabia

October 2011 - April 2012

Developed specifications and performance requirements for HVAC equipment.
Provided creative and constructive input on the concept, design, and final layout of the proposed system. Identified equipment and described operations as required during the sales cycle.
Assisted in the development of the proposal document as it relates to equipment specifications, layout design, and summary description of operation.
Generated RFQs for special equipment or subcontracted services.

Company industry:
Airconditioning Plant
Job role:
Engineering

Education

University of Business and Technology

September 2022

September 2022

Master's degree, Engineering Management

Saudi Arabia

GPA (point): 4.97 out of 5

GPA (point): 4.97 out of 5

University of Liverpool

December 2014

December 2014

Master's degree, Master of Business Administration

United Kingdom

GPA (point): 4.97 out of 5

GPA (point): 4.97 out of 5

مرتبة الشرف الاولى First honur

University of St. Gallen, St. Gallen

February 2014

February 2014

Diploma, Diploma in Business and Insurance Administration

Switzerland

Drexel University

September 2011

September 2011

Bachelor's degree, Bachelor of Science in Mechanical Engineering

United States

Skills

Decision Support

Expert

Team Management

Expert

Strategic Planning

Expert

Risk Advisory

Expert

Cost Benefit Analysis, Departmental Profitability, Process Improvement Initiatives

Expert

Research, Data Collation, Statistical Data Analysis, Management Reporting and Documentation

Expert

Testing, Troubleshooting, Issue Resolution, PML, EML, Technical Writing

Expert

Post Loss Surveys, PML, EML, Technical Writing

Expert

Customer Relationship Management,Needs Assessment,Solution Customization,Customer Satisfaction Index

Expert

Safety, Value Estimation, Control Techniques Implementation

Expert

Team Player, Effective Communicator, Analytical Mindset

Expert

Risk Assessment, Risk Control, Risk Mitigation

Expert

Product Specification, Product Cataloguing, System Modification

Expert

Preparing Offers, Technical Submittals, Cost Estimation, Operational Efficiency

Expert

Risk Management

Expert

Safety Management

Expert

Fire Safety

Expert

Risk Assessment

Expert

Risk Control

Expert

Languages

Arabic

Expert

English

Expert

Memberships

Saudi Council of Engineers

Associate Engineer

June 2012

OCEG

Certified GRC Professional (GRCP)

April 2023

Enterprise Risk Management Academy

Enterprise Risk Management Certified Professional (ERMCP)

January 2020

Training and Certifications

Certifications
Data and Business Analytics
Apr 2021
Managing Project Risks and Changes
Sep 2018
Six Sigma Green Belt Certification
ExpertRating
May 2018
Assistant Underwriting Officer Certificate
Feb 2018
Insurance economics
Apr 2014
OSHA 10-Hour Hazard Recognition for the General Industry
Sep 2017
Project Management Certification
ExpertRating
Sep 2017
Insurance Foundation Certificate Exam (IFCE),
Oct 2012
Advanced Property Insurance and Fire Safety Management
Nov 2014

Training
Essential Professional Management Skills and Tools
University of St. Gallen
Nov 2013
Trends in Insurance Distribution
University of St. Gallen
Oct 2013
Virtual Area Manager
Diploma Program in Business and Insurance Administration
Nov 2013
e-Real
University of St. Gallen
Feb 2014
Stationary Pumps for Fire Protection Seminar
NFPA 20, National Fire Protection Association
Nov 2012
Installation of Sprinkler Systems Seminar
NFPA 13, National Fire Protection Association
Apr 2013
Loss Prevention & risk Management Workshop
Gulf Reinsurance Limited
Oct 2013
Data Privacy Awareness
AXA gulf/ AXA Co-operative
Sep 2017
Risk Academy - Reputation Risks
AXA GULF / AXA CO-OPERATIVE
Risk Academy - Data Quality
AXA Gulf / AXA CO-OPERATIVE
Risk Academy - Overall principles of Risk Management
AXA Gulf/ AXA Co-operative
Risk Academy - CAT and Reinsurance Risks
AXA gulf/ AXA Co-operative
Risk Academy - Underwriting P&C Risk
AXA gulf/ AXA Co-operative
Risk Academy - Financial Risk Appetite
AXA Gulf/ AXA Co-operative
Oct 2017
Crisis Management & Business Continuity Certificate
AXA gulf/ AXA Co-operative
Sep 2017
International Bribery and Corruption
UTC
Careful Communication
UTC
Dec 2012
Recognizing Conflicts of Interest
UTC
Dec 2012
Anti-Money Laundering SAMA
Thomson Reuters
Dec 2012
Energy Training Course
UIB Institute
Apr 2014

Hobbies and interests

Reading