MANAGER RISK ADVISORY
Limitless Consulting
مجموع سنوات الخبرة :7 years, 6 أشهر
• Serving clients in DIFC, ADGM, QIFC region related to Operational Risk, Compliance Risk Assessment, AML reviews, Internal Audit, Regulatory Compliance, FATCA & CRS reporting, Formulation of SOP/Policies.
• Advising the board of directors, management, and business on compliance, risk and regulatory matters. • Update / Formulate all the companies policies and procedures.
• Conduct compliance, risk, and AML training for all employees at the time of joining as well as on periodic basis. • Implement and spearhead all internal and external audits, adhere to regular internal and external reporting.
• Responsible to Implement and oversee a comprehensive monitoring system to proactively address compliance gaps.
• Ensure all organization files and documents for each license and facilities are in line with the requirements.
• Responsible to develop and implement risk management policies and standards that are in alignment with the company's risk appetite.
• Responsible to lead investigations into compliance-related matters, identifying root causes and implementing effective corrective actions.
• Perform AML business risk Assessment and Client Risk Assessment.
• Develop and implement a robust enterprise risk management framework tailored as per the Category, aligning with international best practices and regulatory requirements.
• Identify, assess, and prioritize risks across various functions and activities of the organization, including investment decisions, market trends, operational processes, compliance, and financial aspects.
• Collaborate with department heads and stakeholders to ensure that risk management is integrated into business processes, decision-making, and strategic planning.
• Conduct regular risk assessments, scenario analyses, and stress tests to quantify potential impacts on the organization's financial performance, reputation, and operations.
• Design and implement risk mitigation strategies, controls, and action plans to minimize the impact of identified risks, while optimizing opportunities for growth.
• Monitor and track risk indicators, incidents, and emerging trends, providing timely reports and recommendations to senior management and the risk committee.
• Develop and deliver risk management training programs to enhance risk awareness and promote a culture of risk-conscious decision-making across the organization.
• Also engage in performing Internal Audits of the clients reside in the DIFC and ADGM region
• Review data on loss exposures and loss experience to detect emerging trends or problems. • Partners with all departments regarding incident reports and claims or losses.
• Develops and communicates plans to address loss events. Identifies potential risk exposures, recommends solutions, implements approved programs, promotes loss prevention, and updates and monitors compliance.
• Evaluates the situation and determining if an incident warrant outside assistance or if it can be resolved internally.
• Develops a plan for managing the incident including establishing command staff positions, determining who will be in charge of each task, and establishing communication procedures. Conducts regular briefings with supervisors to provide updates on the status of an incident and any new information about how it may be resolved.
• Investigate root causes of operational risks and provide support to mitigate risk. Identify potential operational risk exposures, evaluating potential losses from those exposures, and develop mitigation strategies for high-risk situation.
• Responsible for performing operational risk identification and assessment in business units i.e. RCSA exercise
• Carry out detailed walkthroughs and process mapping to identify significant risks and controls. Undertake the maintenance of Enterprise Risk Management Risk Register.
• Develops of key risk and control indicators. Monitor, review, and communicate the impact to the risk profile of future initiatives, including new product assessments, changes to trading strategies, targeted risk reviews, and major business change Work together with other organizational line of defence (i.e. Compliance, Internal Audit, etc.)
• Report operational risk issues and decisions to senior management on regular basis.
• Review of bank wide Standard Operating Procedures / Policies to avoid any GAP in the processes and mitigate maximum risk.
• Write Regulation Summaries and draft obligations to support downstream stakeholders in the management of regulation change and inventory.
• Responsible for implementation of automated Compliance Risk Management System in accordance with EY BRD.
• Responsible for performing RCSAs and KRIs of high risk identified regulation in accordance with EY adopted framework.
• Evaluate Inherent Risk Assessments along with overall controls assessments to conclude Residual Risk for Risk Prioritization, Risk Aggregation, Risk Treatment. Moreover, these results are presented in Compliance Committee Meeting.
• Responsible for conducting Operating effectiveness of the controls for computing residual risk. • Identify Gap and suggest stakeholder to improve the controls efficiency for effective results.
• Participating in the design, development and maintenance of best-in-class Compliance, programs, policies, and practices for ICRM.
• Support the creation of impact assessments and action plans designed to demonstrate necessary adherence to Laws, Rules, and Regulations.
•Coordination with Product and Functional ICRM stakeholders in the confirmation of applicability of regulations. •Collaborate with other ICRM stakeholders to review that a control environment is implemented for regulatory-
related processes.
• Keeping abreast of regulatory changes, new regulations and internal policy changes in order to further identify new key risk areas.
• Investigating and assisting in responses to compliance risk issues. Investigating regulatory inquiries, preparing required documentation, making recommendations to senior management on how to proceed, and preparing responses for the regulatory inquiries.
• Responsible for preparation of CCM report regarding noncompliance issues
• Successfully implemented compliance risk management framework bank wide according to given guidelines.
• Coordination with all the groups to align the regulations with respective units, give training to employees-bank wide for risk assessment and for developing RSCA/KRIs.
• Responsible for risk evaluation, which involves risk assessment with criteria established by the PBA such as inherent risk/Internal control risk and analyzing risks as well as identifying, describing and estimate the risks affecting the organization; and reporting the risk to different stakeholders i.e. Executive committee and in CCM.
• Working as project manager of CRM to facilitate the software consultant i.e. Risk nucleus to implement. • Responsible for preparing different reports i.e. IRAF / RSCA for onward submission.
• Responsible for rectification of observation regarding Non branch entities.
• Conduct assessment of bank’s existing processes; identifying significant risks and ensuring that adequate controls are in place.
• Managing testing of internal Controls to be conducted for bank Departments/ Branches and provision of relevant record will be obligatory on respective BU as when required.
• Maintain internal record as per ICFR & regulatory guidelines. Provide assurance to immediate supervisor that all RCM/process flows provided by the P & P team are properly aligned as per ICFR methodology.
• Assist immediate supervisor regarding review of process flows/ RCM provided by the P & P team and suggests any necessary changes.
• Keep track record of changes suggested by ICMU team and obtain final process flows/ RCM from P & P team.
• Maintain test log for collected sample. Test logs aligned with control description. Proper maintenance of working paper file.
• Maintain MIS of reported issues during Branch / Department issues and follow up with stakeholders till controls are implemented/ rectified.
• The gaps identified will be reported in form of a report, subsequently a detail Remediation and implementation Plan will be obtained from respective Management and same then will be reviewed.
• Conduct GAP assessment to identify control weaknesses and recommend adequate controls related matters.
• Attend training conferences (both internal/ external) to keep update with regulatory and industry changes and improving product knowledge.
• Coordination with external Auditors on ICFR assurance activities. Review of branches situated (within and outside city) for testing purpose.
• Worked as a trustee and custodian officer of AMC.
• Ensure that the AMC complies with its governing document, and any other relevant regulations or legislation.
• Ensure the organization applies its resources exclusively in pursuance of its objectives i.e. organization must not spend their money which are not included in its objectives.
• All the bank accounts of AMC’s funds are managed.
• Weekly Withholding tax on payments are paid E filling of withholding tax Sindh sale tax payments and its E Filing.
• Account opening for different schemes in bank accounts.
• Bank reconciliation are made for every individual fund and its bank account.
• All related payments of funds are done from the end of trustee with proper scrutiny from its supporting documents.
• Execution of redemptions, conversion and transfer of units.
• To coordinate with Banks and AMC upon rejection of any redemption or conversion.
• Execution of CGT payments on monthly basis Execution of dividend payments with tax withholding thereon.