Sohail Ur Rehman Toor, Head of Enterprise Risk Management

Sohail Ur Rehman Toor

Head of Enterprise Risk Management

National Leasing & Finance Co.

Location
Kuwait
Education
Master's degree, CFA Level II Candidate
Experience
18 years, 11 Months

Share My Profile

Block User


Work Experience

Total years of experience :18 years, 11 Months

Head of Enterprise Risk Management at National Leasing & Finance Co.
  • Kuwait - Al Kuwait
  • My current job since August 2021

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.

Assistant Vice President (AVP)‐Risk Management at Al Imtiaz Investment Group KSCP
  • Kuwait - Al Kuwait
  • January 2017 to September 2020

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.

Head of Risk & Regulatory Compliance at Arzan Financial Group
  • Kuwait - Al Kuwait
  • March 2013 to December 2016

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.

Manager – Operational Risk Management at National Bank of Kuwait SAK
  • Kuwait - Al Kuwait
  • January 2009 to February 2013

• 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.

Assistant Manager – Risk Advisory at Albazie & Co. (RSM International)
  • Kuwait - Al Kuwait
  • May 2004 to December 2008

• 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.

Education

Master's degree, CFA Level II Candidate
  • at Chartered Financial Analyst
  • January 2022
Master's degree, Master of Business Administration (MBA)
  • at London Business School.
  • August 2020
Diploma, CISA
  • at ICASA
  • January 2008
Diploma, CIA
  • at The Institute of Internal Auditors
  • January 2006
Bachelor's degree, FCCA
  • at Association of Chartered Certified Accountants
  • January 2003

Specialties & Skills

Compliance
Operational Risk Management
Internal Audit
Asset Management
Investment Banking
GOVERNANCE
OPERATIONS
REAL ESTATE
MANAGEMENT
RISK MANAGEMENT
EAR (FILE FORMAT)
MARKET RISK
OPERATIONAL RISK
PORTFOLIO MANAGEMENT
REGULATORY REQUIREMENTS
Leadership, Team Building, Motivation, Communication, Ability to work under pressure
Analytical Ability, Critical Thinking, Decision Making and Problem Solving, Time Management
Computer Related Skills: Microsoft Office Applications, Lotus Notes, ACL and Internet Applications
Risk Operations Management, Banking Policies and Procedures,
Enterprise Risk Management (ERM), COSO ERM Framework, Risk Assessment, Key Risk Indicators (KRIs),
Internal Audit Planning, Audit Reports, Project Risk Assessment, Risk Mitigation

Languages

English
Expert

Memberships

CIA
  • Certified Internal Auditor (CIA)
  • January 2006
CISA
  • CISA - Certified Information System Auditor
  • February 2008
ACCA
  • Associate Member
  • June 2007

Training and Certifications

Internal Auditing - Distance Learning Program (Certificate)
Date Attended:
January 2007
Valid Until:
March 2007
ACL 201 – Data Analysis Techniques (Certificate)
Date Attended:
June 2007
Valid Until:
June 2007
New Managers Skills (Certificate)
Date Attended:
May 2011
Valid Until:
May 2011
ACL 105 – Foundation of ACL – Concepts and Practices (Certificate)
Date Attended:
June 2007
Valid Until:
June 2007

Hobbies

  • Reading and Research