Category: ORM software

risk managers

Stress Tests will stick around for Big-belly Banks

Mohammed Nasser Barakat

Partner at CAREWeb
(Mohammed Nasser) Barakat, is the BRS Service Line Leader for the ME region. Nasser has an MBA in Professional Accounting and a BS Degree in Banking and Finance.He is a Certified Public Accountant in Colorado State, USA, a Certified Control Self Assessment Practitioner and a Certified Fraud Examiner. Find me on

Within months of the financial downturn, regulators began to fortify the financial sector with stress testing. It opened eyes in Wall Street, and many “too big to fail” banks, to perils only they had invited. Initially, regulators faced heavy criticism for the objective and purpose of stress testing. However, Critics are now changing their opinions…

Stress Tests will stick around for Big-belly Banks was last modified: November 3rd, 2014 by Mohammed Nasser Barakat



operational risk management

Are Risk Management Measurements and Metrics Important?

Maher

Senior Manager at Aldar Audit Bureau
Maher is a Senior Manager with Aldar Audit Bureau.He has an MBA degree from one of the leading universities in New York State and is a Certified Public Accountant in Virginia State.

Maher has more than 10 years of experience working in the fields of Banking and Auditing.Before joining Grant Thornton, he was an Audit manager with Deloitte & Touche specializing in Financial Institutions audits.

Maher has 1 1/2 years of experience working in Deloitte & Touche LLP – USA. He conducted Internal Audit and Due Diligence assignments for a number of well-known companies in Jordan and USA.He has also participated in implementing and testing Sarbanes Oxley requirements for SEC companies.

Since Joining GT in 2008, Maher has supervised a number of Internal Audit Assignments for well known organisations in the region

The definition of risk varies from one field to another. Finance, economics, business, engineering, insurance or project management, take any area, they have drawn their own contextual interpretation of risks. Let me ask you a question. What is risk to you? You will notice in your answer that Risks is that which produces an amalgamation…

Are Risk Management Measurements and Metrics Important? was last modified: November 3rd, 2014 by Maher



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Taking Finance & Banking to the Cloud – ORM Software for Banking Industry

Maher

Senior Manager at Aldar Audit Bureau
Maher is a Senior Manager with Aldar Audit Bureau.He has an MBA degree from one of the leading universities in New York State and is a Certified Public Accountant in Virginia State.

Maher has more than 10 years of experience working in the fields of Banking and Auditing.Before joining Grant Thornton, he was an Audit manager with Deloitte & Touche specializing in Financial Institutions audits.

Maher has 1 1/2 years of experience working in Deloitte & Touche LLP – USA. He conducted Internal Audit and Due Diligence assignments for a number of well-known companies in Jordan and USA.He has also participated in implementing and testing Sarbanes Oxley requirements for SEC companies.

Since Joining GT in 2008, Maher has supervised a number of Internal Audit Assignments for well known organisations in the region

We all know how things have changed for bankers, financers and consumers in just a couple of years. Besides, the digital age has steered banking and finance institutions to embrace cloud computing. Quite a few of the major organizations and start-up firms in the world are already running their services on cloud. I should say,…

Taking Finance & Banking to the Cloud – ORM Software for Banking Industry was last modified: October 16th, 2014 by Maher



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Cyber Security Risk – One Of The Major Risks Factors Bankers Face Today

Mohammed Nasser Barakat

Partner at CAREWeb
(Mohammed Nasser) Barakat, is the BRS Service Line Leader for the ME region. Nasser has an MBA in Professional Accounting and a BS Degree in Banking and Finance.He is a Certified Public Accountant in Colorado State, USA, a Certified Control Self Assessment Practitioner and a Certified Fraud Examiner. Find me on

The Finance and Lending industry has encountered a great deal of advancement in a short period of time, and so have the risks of an industry that is very heavily regulated. Lending has been dated back to centuries when risks were clear and transparent. Even just a few decades ago, the risks that bothered the…

Cyber Security Risk – One Of The Major Risks Factors Bankers Face Today was last modified: November 3rd, 2014 by Mohammed Nasser Barakat



ORMbig-01

Five Essential Features to Incorporate in Your ORM Software

Fadi Al-khatib

Manager at CAREWeb
Fadi has BA degree in Accounting, and he is a Certified Operational Risk Executive. He has more than three years practical experience in the field of internal audit in one of the biggest banks in Jordan Before joining Grant Thornton in 2008 as a Senior Consultant, where he has conducted audit assignments in several companies, branches and business units.  Fadi has participated in the preparation and execution of many CRSA workshops and the implementation of Operational Risk Management systems for large clients in various industries.

Choosing your company’s Operational Risk Management (ORM) software can be tricky. ORM software should be custom designed to allow for analysing the functions and workflow of specific business structures in a precise manner. Its purpose is to measure and manage risks by monitoring the workflow closely. Every organization has a different work trajectory and the…

Five Essential Features to Incorporate in Your ORM Software was last modified: November 3rd, 2014 by Fadi Al-khatib



Remidies

Operational Risks Management – Causes and Remedies

Mohammed Nasser Barakat

Partner at CAREWeb
(Mohammed Nasser) Barakat, is the BRS Service Line Leader for the ME region. Nasser has an MBA in Professional Accounting and a BS Degree in Banking and Finance.He is a Certified Public Accountant in Colorado State, USA, a Certified Control Self Assessment Practitioner and a Certified Fraud Examiner. Find me on

What are operational risks? Banks and other financial institutions face losses from a failure to manage internal processes and systems. Operational risk arises from disruptions to daily operations that contribute to direct or indirect losses. Managing and understanding key operational risk has grown exponentially over the past few decades. This has generated a need to…

Operational Risks Management – Causes and Remedies was last modified: November 3rd, 2014 by Mohammed Nasser Barakat



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