Financial Risk Manager
Tawuniya
Total years of experience :22 years, 9 Months
• Establishing and implementing entity’s Risk Appetite Framework as per Enterprise Risk Management (ERM) approach.
• To look after company’s Global Investment Portfolio of over SAR 6 Billion from risk and monitoring prospective.
• Ensuring that the risks taken in the investments are as per the portfolio management guidelines and the risk adjusted performance measures are within the minimum acceptable investment return objectives.
• To ensure that downside risk of the portfolio in terms of VaR is within the acceptable range.
• Establishing departmental KRIs and Risk Registers to ensure that department specific risks both in terms of quantitative measures as well as department’s robustness are well within the acceptable range.
• Reviewing and monitoring Capital Adequacy and Solvency levels and suggesting corrective action plans when required.
• Establishing appropriate risk assessment tools and methodologies while ensuring that all company’s risk parameters are within the approved risk appetite framework.
• To manage Market Risk area of the business, Margin Lending and Share Classification Process from Risk Management Prospective within the Enterprise Risk Management framework and risk management policies and procedures.
• To lead targeted initiatives to help business and support units manage their Market risk.
• To ensure that mechanism are in place for early identification of emerging Credit, Market and Liquidity risks/issues.
• Risk review of counter parties from time to time in fixed income portfolio.
• Annual review of Counter-parties limits.
• Risk Assessment of Custodians.
• Annual Preparation of ICAAP and Pillar 3 Report for submission to Regulator.
• Monthly preparation of CAM Sheet for submission to the regulator
• Management and oversight of key risks across the Asset Management unit including Fiduciary, Liquidity, Credit and Investment risks and the ensuring they are within approved Limit and control parameters.
• Assessing performance of company's listed equity portfolios and funds on risk adjusted basis and through portfolio performance attribution analysis.
• Giving risk recommendations on company's various new initiatives and while offering new products to the prospective clients.
• Reviewing and giving risk recommendations on various Investment Banking proposals for the role of Financial Advisory and Underwriting commitments.
• Planning, designing and implementing an overall risk management framework for the organization considering the company’s overall risk appetite.
• Identifying, assessing and suggesting control measures for both at the enterprise level risks as well as risks involved in various asset classes i.e. listed equity, credit portfolio and real estate investments in order to minimize unanticipated losses and optimize the risk/reward ratio.
• Assessing and controlling credit risk in company's lending portfolio to ensure that credit risk remains well within the company's comfort zone. This involves thorough review of borrower's credit profile along with rigours financial analysis to predict and detect early warning signals for timely and corrective actions.
• Risk assessment which involves managing the process of analyzing upside and downside risks as well as identifying, describing and estimating various quantitative and qualitative risks affecting unlisted and real estate investments.
• Controlling market risk in company’s listed equity investments through various risk measurement tools e.g. Value at Risk (VAR), Risk Adjusted Return measures (e.g. Sharp Ratio, Sortino Ratio, Information Ratio etc.) and through implementing various portfolio implementation guidelines e.g. exposure limits to various sectors and stock etc.
• Risk evaluation which involves comparing estimated risks with risk criteria established by the organization.
• Maintaining and continuous updating risk registers containing all the identified risks and the results of their analysis and evaluation along with current status.
• Risk reporting in an appropriate way for different audiences, for example to the board of directors so they understand the most significant risks, to business heads to ensure they are aware of risks relevant to their parts of the business and to individuals to understand their accountability for various risks taken under their discretion and limits.
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March 2009 till January 2011: Senior Financial Analyst/Portfolio Manager
(Hayat Invest Co, Kuwait)
Key Responsibilities
• Managing Client and Prop book portfolios of GCC Markets (primarily Saudi Arabia) and Developed Markets (Europe, UK, Australia & Canada) through enhanced passive and semi active portfolio management techniques with the aim to outperform the benchmark over medium to long term basis with low tracking error.
• Critical analysis of third party research reports to develop portfolio sector and stock level over/under weighting allocation strategy.
• Periodic portfolio performance review and re-balancing to reflect updated view on previous allocations and to bring exposure under predefined discipline and guidelines.
• Portfolio reports and presentation to clients and Investment Committee.
Sep 2006 to March 2009: Vice President, Equity Research
(Arif Habib Investment Management Ltd, Karachi, Pakistan)
Key Responsibilities
• Conducting in-depth research for the company's equity portfolio
Investing in Banking and Cement sectors.
• Designing financial models of the companies under coverage for estimating fair values of the stocks.
• Maintaining Liaison with Fund Managers and delivering presentations on various companies whenever there is any change in recommendation or any other action to be taken for portfolio investing.
• Detailed credit analysis of fixed income securities for investment purposes in the Cement and Banking sector.
• Managing one closed-end equity fund in the capacity of Sub-Fund Manager. Major responsibilities envisage sector/stock allocation decisions, portfolio rebalancing decisions etc.
Oct 2003 to Aug 2006: Manager, Credits
(Askari Commercial Bank, Head Office, Rawalpindi, Pakistan)
Key Responsibilities
• Structuring, approving, monitoring and rebalancing credit portfolio/package for corporate clients according to client's financial needs through risk & return trade-off.
• Client's comprehensive financial analysis including analysis of financial statements, preparing financial projections, sensitivity analysis/stress testing while working with financial models to assess client's repayment capacity under various scenarios.
• Reviewing industry economic status, product type, customer base, macro-economic climate, management's expertise and credit worthiness.
• Structuring financing proposals to attain the proper alignment of interest of client in line with established underwriting/credit policies and guidelines, giving consideration to risk elements inherent in investment purpose, asset type and value, client's legal and ownership structure, management depth and experience.
July 2001 to Oct 2003: Relationship Manager
(Bank AL Habib, Islamabad, Pakistan)
Key Responsibilities
• Conducting credit analysis for corporate clients for obtaining approval of the competent authority for various types of credit packages (both short term and long term)
• Analysis of client' financial statements and other credit data to determine client's credit worthiness and to assess financial health, creating detailed financial projections based on sensitivities/stress testing while working with financial models to assess client's repayment capacity under various scenarios.
• Processing credit proposals; monitoring the exposure for assigned clients in accordance with internal policies and credit terms and conditions; ensuring strict compliance of prudential regulations issued by country's central bank.
TEACHING EXPERIENCE
• Teaching to CFA candidates on various topics.
• Teaching various finance & investment courses to BBA & MBA students.
MBA - Finance and Investment Management