Shawky Farrag, Chief settlement officer / Chief Operations Officer (Treasury Operations)

Shawky Farrag

Chief settlement officer / Chief Operations Officer (Treasury Operations)

Arab Monetary Fund

Location
United Arab Emirates - Abu Dhabi
Education
Diploma, Fraud Examination (CFE)
Experience
48 years, 7 Months

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Work Experience

Total years of experience :48 years, 7 Months

Chief settlement officer / Chief Operations Officer (Treasury Operations) at Arab Monetary Fund
  • United Arab Emirates - Abu Dhabi
  • My current job since August 2004

\[Arab Monetary Fund\] ( http://www.amf.org.ae/) is a supranational (Regional International) organization with financial and economic perspective, it is the counterpart of International Monetary Fund for the Arab world, it follows almost the same policies and procedures & the same vision and mission of the IMF.

Outstanding performance for more than twenty five years with the following major achievements:
• Established an effective working relationships with staff, peer organizations, and other stakeholders, which led to addressing and resolving many emerging and key issues.
• Excelled in assessing business needs and requirements which led in most cases to achieve one of the best practice performances.
• Produced a financial strategy that was a reason for constant stability of the organization.
• Regularly improved and enhanced the financial systems, policies and procedures which contributed to smoothing and streamlining of business operations.
• Actively contributed in project appraisal, investment and finance decisions.
• Proactively developed and maintained a system of cash flow projection, risk management, internal control monitoring and regulatory compliance for good corporate governance.
• Constantly assessed and reported the impact of long term planning/ introduction of new programs and systems / and strategies and regulatory actions.
• Shaped and directed strategies to ensure that management decisions meet business objectives, stakeholders expectations, and comply with regulatory requirements.
• Established and maintained strong relationships with senior executives so as to identify their needs and seek full range of business solutions.
• Provided recommendations to top management to strategically enhance performance and business opportunities.
• Coordinated the management of the working capital, loan financing, and funding.
• Carried out market and financial analysis and assessed their impact on the business operations.
• Shared in negotiations and arrangements of outside finance and investment agreements when needed.
• Served as a key member of the executive management team.
• Established trust and credibility with stakeholders, advisers and top management.
• Analyzed potential business development areas to assist in strategic decision making.
• Supervised investment and treasury operations and funds management for business.
• Studied, analyzed and reported on trends, opportunities for expansion and projection of future corporate growth.
• Continuously maintained proactive management style, which resulted in sustaining efficient processes, delivering cost effective service, and maintaining integrity of operations.
• Effectively managed risk activities (monitored, reported, and advised) in close cooperation with the risk management department taking in consideration the full scope of risk factors, e.g. credit risk, market risk, liquidity risk, operational risk and business risks.

Senior Financial Officer at Arab Monetary Fund
  • United Arab Emirates - Abu Dhabi
  • May 1986 to August 2004

• Effectively improved budget process to be within a wider context of strategic planning in alignment with corporate objectives.
• Continually evaluated and advised on the timely management, financial and annual reporting.
• Ensured the accuracy, interpretation, and presentation of quarterly and annual management and financial reports of the organization, including the analysis for the top management.
• Actively supervised the Accounting and Finance functions for a good business planning and controlling.
• Directed financial strategy, planning and forecasts; and conferring with division heads.
• Oversaw organization’s accounting practices, including accounting recording, budget preparation, and financial reporting.

Abu Dhabi Branch Manager at Islamic Investment Company of the Gulf
  • United Arab Emirates - Abu Dhabi
  • February 1985 to November 1985

Responsibility for supervising a wide range of financial and operational teams and activities in the branch, which contributed to a some extent in achieving corporate goals and objectives.

Assistant Financial Manager at Islamic Investment Company of the Gulf
  • United Arab Emirates - Sharjah
  • March 1982 to February 1985

Applied proven communication, analytical and problem-solving skills to help identify, communicate and resolve critical issues in order to maximize the benefit of Islamic investments for the company.
Developed and enhanced company’s Islamic products: Chart of accounts, GL and P&L related changes.
Ensured staff and other coworkers understand Islamic investment rules and products.
Ensured that relevant documentations, policies and procedure related to finance and administration, risk management and internal Control, all are well maintained and applied to all day-to-day activities
Pursued up-to-date knowledge of emerging technologies trends and developments in areas of interest to the organization..
Directly investigated specific issues, products, methods and techniques to assess their potential benefit to the company and resolvedand /or escalated critical issues in a timely fashion to top management.
Identified resources needed and assigned individual responsibilities Inspiring co-workers to attain goals and pursue excellence
Ensured company’s systems, policies and procedures remain on the forefront of emerging industry practices

Auditor at pricewaterhousecoopers
  • United Arab Emirates - Dubai
  • August 1980 to February 1982

\[Price Waterhouse Coopers is one of the big four international audit firms with a worldwide network and branches\]

Engagements performed included responsibility for major sections of audit field work.

Accounts Officer at Banque Du Caire (Cairo Bank)
  • Egypt - Cairo
  • April 1975 to August 1980

\[Banque Du Caire (Cairo Bank) is one of major players in the banking industry in
Egypt with wide network coverage of all Egypt and branches in all Arab world
plus joint ventures with many of the international banking and financial institutions\]

Duties performed included operational exposure to various retail and corporate banking activities with exceptional performance rating.

Education

Diploma, Fraud Examination (CFE)
  • at Association of Certified Fraud Examiners
  • October 2010
Diploma, finance & accounting (CPA)
  • at CPA (Certified Public Accountant), California, USA, 1999
  • January 1999
Bachelor's degree, Foreign Trade (BA)
  • at Helwan University
  • July 1977
Diploma, Accounting (diploma)
  • at Commercial Technical Institute
  • June 1974

Specialties & Skills

Time Management
Problem Solving
Leadership
Negotiation
Computer Skills
MS Windows, Word, PowerPoint, Excel, Internet, Outlook, Oracle Financial & GL, SWIFT, and Bloomberg.
A proven leader who has helped in building divisions and developing the right talents.
Ability to to communicate and manage well at all levels of the organizational structure.
Excellent problem solving ability to identify & address critical cases, and key & emerging issues.
In depth knowledge of the latest financial regulatory and reporting mandates and requirements.
High level of integrity and dependability with an accurate & timely results-oriented perspective.
Flexibility and adaptability skills to manage multiple tasks, while juggle & prioritize among them.
Proactive & self motivated, working without supervision & fulfilling duties.
Possessing an outstanding interpersonal skills and emotional intelligence
Stress tolerance maintaining effective performance under pressure and difficult circumstances.
Ability to exercise rational judgment & take the right decisions based on accurate & timely analyses
Ability to adapt to variable business models and cultures, and minimize conflicts across the org.
Having effective teamwork spirit helped maintaining a cohesive bond between coworkers.

Languages

English
Expert
Arabic
Expert
French
Intermediate

Memberships

Association of Certified Fraud Examiners (ACFE), Texas, USA
  • Certified Fraud Examiner (CFE)
  • November 2010