Risk Management Auditor
ACWA Holding
Total years of experience :12 years, 2 Months
Identify, review and analyze operational risks of ACWA Holding subsidiaries. Responsible to identify and monitor key risks and develop control indicators to mitigate exposures in existing and new projects.
Provide Insurance Risk Consultancy to clients and Insurance Companies
To perform credit risk analysis for SESCO - Khobar branch. The risk report encompasses statistical analysis of historical data that shows the insights in a meaningful and allusive way. The data was obtained from ‘Age Receivables’ reports with core parameters of the risk model being ‘Probability of default’, ‘Exposure at default’ and ‘Loss given default’.
List of tasks:
- Devised an Internal Rating Based (IRB) system based on the historical performance of debtors
- Credit Insights:
o Risk Impact Matrix
ᴼ Transition Probability Matrix
o Concentration Risk
ᴼ Predictive Regression
o Risk Forecast - Monte Carlo Simulation
- Risk mitigation and credit strategies
The objective was to accomplish performance improvement of the Finance Department. It was achieved by refining the structure of the operations through identifying performance gaps and finding solutions to make the process more effective and efficient.
List of project stages:
- Studied the existing processes by observing the daily movement of documents in the department and operations performed by each employee.
- Identified goal-oriented KPIs and success factors. Categorized each critical factor and its impact to prioritize areas of improvement
- Collected qualitative information of employees by distributing and compiling ‘Position description form’ and conducting individual interviews on regular basis.
- Prepared and reviewed the statistics of 2012 to highlight the areas which were underperforming such as total throughput, capacity utilization, pending vouchers etc.
- Formulated the problem statement which was mainly based on reducing the time required to ‘close the books’ and initiating a reporting culture.
- Generated a report suggesting effective methods and actual solutions to improve the overall performance. This included an organogram proposing a new structure for enhanced reporting and better distribution of work load, a proposed list of reports to be compiled periodically and a detailed outline of each employee’s assigned duties.
- Designed effectual implementation plan for the management including process maps, authority matrix, organograms and desk procedures.
Research Title: Introducing Computer simulation as a tool to perform Internal and Process benchmarking.
Collected both quantitative and qualitative data for KPIs using process maps and existing data of certain variables.
Inspected and transformed the data into the relevant form.
Built an effective and robust model in Simul8 to find the best optimal operations.
Validated the results by comparing it using statical techniques applied on the available data.
-Mainly responsible for metallurgical testing as part of a wide range of industrial and technical testing services offered by Exova. The customers included such names like Saudi Aramco, Sabic, Halliburton, Weatherford etc.
-Maintained a very high level of precision and accuracy required in the testing and reporting of results using ASME IX and ASTM A370 standards.
-Developed a detailed standard procedure for Creep Testing of Polymers identifying the required testing equipment and the specific processes to be employed in conducting these tests. I visited a number of companies providing similar services for verifying the efficacy of the proposed standard procedure.
-Attended comprehensive training sessions for understanding the process of assembling generators and associated equipment.
-Created an Excel based program for determining the gas exhaust openings of the generator casings.
-Carried out testing using various technical tools to check the conformance of the final products against the specified requirements.
-Received training on safety and regulations required by the ISO system and produced a report on the potential dangers in the processes of assembly line.
-Accounts department: Carried out data entry using company’s dedicated software. Analyzed variations in the expenditure during a week and suggested regulatory measures.
-Operations department: Visited several sites for inspection. Produced a report on the process required in starting a new project.
-Marketing department: Learned various marketing strategies and their applications. I participated in developing a presentation for a new customer
Dissertation Title: 'Introducing Computer Simulation as a tool to perform Internal and Process Benchmarking at the Airport of Manchester’