Salem Binmahfooz, Director - Risk

Salem Binmahfooz

Director - Risk

Royal commission for Makkah City and Holy Sites

Location
Saudi Arabia - Jeddah
Education
Master's degree, Engineering Management
Experience
12 years, 7 Months

Share My Profile

Block User


Work Experience

Total years of experience :12 years, 7 Months

Director - Risk at Royal commission for Makkah City and Holy Sites
  • Saudi Arabia - Mecca
  • My current job since October 2021

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.

Manager Risk Management at Royal Commission for Makkah City & Holy Sites
  • Saudi Arabia - Mecca
  • September 2019 to 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.

Property and Casualty Risk Manager at AXA Cooperative Insurance Co.
  • Saudi Arabia - Jeddah
  • November 2015 to 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.

Risk Control Engineer (Surveyor) at Tawuniya (The Company for Corporative Insurance)
  • Saudi Arabia - Jeddah
  • May 2012 to 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.

Application Engineer at Arabian Air-Conditioning Company Ltd (Carrier Corporation)
  • Saudi Arabia - Jeddah
  • October 2011 to 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.

Education

Master's degree, Engineering Management
  • at University of Business and Technology
  • September 2022
Master's degree, Master of Business Administration
  • at University of Liverpool
  • December 2014

مرتبة الشرف الاولى First honur

Diploma, Diploma in Business and Insurance Administration
  • at University of St. Gallen, St. Gallen
  • February 2014
Bachelor's degree, Bachelor of Science in Mechanical Engineering
  • at Drexel University
  • September 2011

Specialties & Skills

Risk Management
Safety Management
Fire Safety
Risk Assessment
Risk Control
Cost Benefit Analysis, Departmental Profitability, Process Improvement Initiatives
Research, Data Collation, Statistical Data Analysis, Management Reporting and Documentation
Testing, Troubleshooting, Issue Resolution, PML, EML, Technical Writing
Post Loss Surveys, PML, EML, Technical Writing
Customer Relationship Management,Needs Assessment,Solution Customization,Customer Satisfaction Index
Safety, Value Estimation, Control Techniques Implementation
Team Player, Effective Communicator, Analytical Mindset
Risk Assessment, Risk Control, Risk Mitigation
Product Specification, Product Cataloguing, System Modification
Preparing Offers, Technical Submittals, Cost Estimation, Operational Efficiency

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

Data and Business Analytics (Certificate)
Date Attended:
April 2021
Managing Project Risks and Changes (Certificate)
Date Attended:
September 2018
Six Sigma Green Belt Certification (Certificate)
Date Attended:
May 2018
Assistant Underwriting Officer Certificate (Certificate)
Date Attended:
February 2018
Essential Professional Management Skills and Tools (Training)
Training Institute:
University of St. Gallen
Date Attended:
November 2013
Trends in Insurance Distribution (Training)
Training Institute:
University of St. Gallen
Date Attended:
October 2013
Virtual Area Manager (Training)
Training Institute:
Diploma Program in Business and Insurance Administration
Date Attended:
November 2013
e-Real (Training)
Training Institute:
University of St. Gallen
Date Attended:
February 2014
Stationary Pumps for Fire Protection Seminar (Training)
Training Institute:
NFPA 20, National Fire Protection Association
Date Attended:
November 2012
Installation of Sprinkler Systems Seminar (Training)
Training Institute:
NFPA 13, National Fire Protection Association
Date Attended:
April 2013
Loss Prevention & risk Management Workshop (Training)
Training Institute:
Gulf Reinsurance Limited
Date Attended:
October 2013
Insurance economics (Certificate)
Date Attended:
April 2014
Data Privacy Awareness (Training)
Training Institute:
AXA gulf/ AXA Co-operative
Date Attended:
September 2017
OSHA 10-Hour Hazard Recognition for the General Industry (Certificate)
Date Attended:
September 2017
Risk Academy - Reputation Risks (Training)
Training Institute:
AXA GULF / AXA CO-OPERATIVE
Risk Academy - Data Quality (Training)
Training Institute:
AXA Gulf / AXA CO-OPERATIVE
Risk Academy - Overall principles of Risk Management (Training)
Training Institute:
AXA Gulf/ AXA Co-operative
Risk Academy - CAT and Reinsurance Risks (Training)
Training Institute:
AXA gulf/ AXA Co-operative
Risk Academy - Underwriting P&C Risk (Training)
Training Institute:
AXA gulf/ AXA Co-operative
Risk Academy - Financial Risk Appetite (Training)
Training Institute:
AXA Gulf/ AXA Co-operative
Date Attended:
October 2017
Project Management Certification (Certificate)
Date Attended:
September 2017
Crisis Management & Business Continuity Certificate (Training)
Training Institute:
AXA gulf/ AXA Co-operative
Date Attended:
September 2017
International Bribery and Corruption (Training)
Training Institute:
UTC
Careful Communication (Training)
Training Institute:
UTC
Date Attended:
December 2012
Recognizing Conflicts of Interest (Training)
Training Institute:
UTC
Date Attended:
December 2012
Insurance Foundation Certificate Exam (IFCE), (Certificate)
Date Attended:
October 2012
Anti-Money Laundering SAMA (Training)
Training Institute:
Thomson Reuters
Date Attended:
December 2012
Energy Training Course (Training)
Training Institute:
UIB Institute
Date Attended:
April 2014
Duration:
40 hours
Advanced Property Insurance and Fire Safety Management (Certificate)
Date Attended:
November 2014

Hobbies

  • Reading