Head of Enterprise Risk Management
National Leasing & Finance Co.
Total years of experience :18 years, 11 Months
A Shariah Compliant financing firm with exposure in Real Estate, leasing, and financing with an equity of $250+ millions.
• Reviewed the risk appetite, redefined tolerance, and threshold, and aligned with changing business conditions and strategies.
• Reviewed credit requests (Corporate & Individuals) seeking credit facilities and imparted risk opinion about probable default.
• Performed Risk and Control Self‐Assessment (RCSA), assessed likelihood and impact, derived residual risk, and agreed upon risk management strategies (Acceptance, transfer, mitigation, dilution).
• Identified Key Risk Indicators (KRIs) and implemented incident/event management framework across the organization for identifying and managing operational failures/near misses.
• Designed market risk policy, tools, and techniques (VaR, stress testing, scenario analysis, diversification, risk limits & budgeting) for various investment instruments/vehicles.
• Developed Business Continuity Management (BCM) and resilience strategies to ensure sustainable continuity of operations.
• Led the Business Impact Analysis (BIA), identified critical processes, assessed the impact of probable disruption and designed strategies to minimize disruption.
• Calculated loan loss and receivables provision as per the IFRS 9 guidelines as per the recommended guidelines/credit model.
• Periodically compiled and developed top 5 and/or top 10 strategic risks, assessed the risk mitigation strategies/methods, monitored the implementation status, and raised early warning signals.
A Shariah Compliant public listed firm with exposure in Real Estate, Energy, Construction, Technology, Pharmaceutical, Education, and FMCG sectors. The company has operations in Kuwait, GCC, and MENA with an asset base of $700+ million.
• Designed and implemented Integrated Risk Management framework (Market, Credit, Investment, Operational Risk) in parent and subsidiaries for identifying key risks, assessing exposure, and devising risk management practices.
• Participated in the working group to analyze existing verticals and mandated corporate turnaround and devising a re‐structuring strategy by a leading consulting firm (BCG).
• Periodically assessed the performance of group investments, identified financial, operational, and compliance risks, and recommended viable measures, if needed to streamline adverse performance/trend.
• Coordinated with risk champions in subsidiaries, collected data, and presented consolidated risk reports to the parent companys Board risk committee regularly.
• Worked out market risk measures Value @ Risk (VaR) for portfolio risk assessment and timely decision‐making.
• Analyze and monitor abnormal variances (actual vs. budgeted), if any, and agree upon corrective measures with the concerned business segment to remain in line with the strategic direction of the group.
• Reviewed merger & and acquisition (M&A) proposals/valuations, portfolio management strategies/methodologies, and provided proactive recommendations in line with defined strategy and regulatory requirements.
A publicly listed asset management firm with expertise in real estate, venture capital, portfolio management, and SME financing. It operates from Kuwait HO and has offices in UAE with an asset base of $650+ million.
• Reviewed new investment proposals within the domain of alternative investment (VC, Real Estate).
• Conducted Risk reviews of the organizations policies, performed gap analysis, and standardized operating procedures.
• Implemented Corporate Governance standards and ensured regulatory requirements were complied with.
• Liaison with Senior Management roles at various committees such as credit, provision, strategy, and governance.
• Led the redesigning and implementation of Operational Risk Management Frameworks and successfully rolled over to all functional areas including NBK Capital and international operations/branches.
• Developed Operational Risk governance, top risks reporting protocol, risk appetite & and tolerance metrics, risk taxonomy, and inventory and capital assessment using the basic and standardized approach.
• Digitalized the Ops risk management function and implemented the tech solution for all key aspects of the Ops risk including Risk & Control Self‐Assessment matrix (RCSA), KRIs, loss data, and incident management.
• Collection date of operational risk failure and performed data analytics for redesigning risk policies and strategies.
• Developed operational risk dashboard stating key ops risk issues, trends, and strategic direction in line with the banks strategy.
• Standardized the risk objectives and norms across different geographies and strengthened common risk language and culture in a multi‐dimensional investment and commercial bank.
• Conducted risk assessments, developed audit universe & and plans, supervised fieldwork & and communicated audit observations for various economic sectors including financial services, real estate, and hospitality.
• Led and Coached staff/teams for testing the integrity of internal control & and sourced cost‐effective & and efficient areas.
• Developed and implemented governance, risk, and compliance (GRC) best practices for several clients.
• Developed policies, procedures, authority matrix, and governance structure for newly established and existing client base.
• Sourced potential business development opportunity and liaised with department head for scope of work and pricing.