Siddharth Sahay

GROUP MANAGER COMPLIANCE at Al Mulla Group

• Kuwait
• My current job since January 2014

Spearheaded the setup of the Compliance function, developing a robust compliance framework within the Group.
•Formalized effective communication protocols
•Provided quarterly updates to Board Audit Committee on critical compliance risks.
•Successfully introduced remedial measures to enhance Enterprise Risk Management;
•Augmented overall compliance by 60%. Headed the development of over 100 organization-wide comprehensive Policies and SOPs to streamline processes.
•Aligned with Management business strategy by incorporating leading practices and extracts from ABC laws such as FCPA, UK Bribery Act, etc.
•Attained 50% reduction in process turnaround times, enhanced excellence in customer service and effected 35% cost savings. Designed and delivered 15 compliance training programs boosting compliance awareness.
•Educated employees and third party vendors on ethical conduct, policies, procedures, and legal requirements.
•Introduced annual web based Annual Confirmation Process of Code of Conduct and Conflict of Interest Declaration for all staff; achieved 40% decline in conflicted transactions. Established Compliance Management System (including Due Diligence, Risk Monitoring, etc.) spread across 4 countries.
•Adhered to industry and Principal driven standards
•Enhanced internal controls and focused on strong anti-corruption measures.
•Increased revenue generation by 25%. Implemented and established a robust Ethics institution and Speak Up program, fostering a culture of ethics and transparency; achieved 40% increase in reporting rates and resolved concerns in less than 15 business days.
•Pioneered development of detailed Business Code of Conduct incorporating clauses from FCPA, UK Bribery Act, etc. towards greater corporate governance across the Group. Custodian for Code of Conduct.
•Drafted comprehensive Whistle-blowing Policy detailed the grievance procedure and investigation process to be followed. Facilitated effective "speaking up" and reporting of wrongdoing resulted in 50% increased awareness and understanding of corporate governance throughout the Group.
•Set up the whistle-blowing portal on the Company's website. Developed Whistle Blowing Investigation SOP to serve as a guide towards a standard and comprehensive approach for all investigations.
•Conducted/supported whistleblowing investigations into compliance-related incidents identifying root causes and promoting corrective and preventive actions to mitigate future occurrences. Fostered enterprise risk management through the conduct of Risk Assessments and compliance reviews, emphasizing on anti-bribery and anti-corruption measures.
•Identified latent compliance vulnerabilities and conceived robust controls.
•Effected reduction of 70% reduction in compliance risks. Initiated Third Party Management Framework and formalized Third party onboarding by including criteria based identification and evaluation of third parties. Accomplished 80% reduction in contractual non-compliance.
•Designed 4 contractual templates incorporating anti-corruption, anti-bribery and audit rights clauses and obtained pre-approval from Principal(s).
•Conducted annual due diligence and KYC with reference to international sanctions lists, etc. Lead the development and implementation of comprehensive Authority Matrix for Sales, After Sales, Finance and HR, promoting transparency in the approval processes.
•Incorporated standardized employee designations
•Reduced number of approval layers.
•Realized time savings of over 20 hours per week. EMPLOYMENT WITH PROTIVITI