Tag: Enterprise Risk Management

The Significance, Benefits and Pitfalls of Key Risk Indicators

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

Organizations cannot survive risks unless the management has an insight into the underlying or impending threats. An early warning system is indispensable for any business because it will identify new risks and keep track of the existing risk status. This allows the formulation of effective risk mitigation plans. Key risk indicators (KRIs) play an important…

The Significance, Benefits and Pitfalls of Key Risk Indicators was last modified: January 14th, 2015 by Maher



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People + Processes = Efficient Operational Risk Management

Hamzah Chorghay

Business Risk Consultant at CAREWeb
Hamzah has a Bachelor of Accounting (B.Acc) qualification from the International Islamic University of Malaysia and is an ACCA (Association of Chartered Certified Accountants) Affiliate. He has diversified experience working as Business Process Consultant for a money transfer company and as an Accountant for a FMCG company in Malaysia. Hamzah has assisted GrantThornton in conducting Business Valuations, out-sourced Risk Based Internal Audits and Fraud audits for Financial Institutions, Hotels and companies in the Oil & Gas industry.

Latest posts by Hamzah Chorghay (see all)

Rating: Enterprise risk management (ERM) solutions, risk indicators, risk taxonomy, SWOT analysis, loss exposure… do you feel mobbed by all these jargons? Already preoccupied with the latest technologies, price fluctuations, market dynamics and altering regulations, are you confident you are not forgetting something important? What really matters, more than any of the so called “requirements”,…

People + Processes = Efficient Operational Risk Management was last modified: November 3rd, 2014 by Hamzah Chorghay



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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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How healthy is the ERM culture in your organization?

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.

A healthy risk culture hardly ever happens instinctively in an organization. The culture is instilled when ERM leaders define and encourage character traits and practices that support effective ERM behaviors in people. Here are a few cultural traits for effective ERM: Accountability To be accountable in ERM means, the leader and employees alike have to understand…

How healthy is the ERM culture in your organization? was last modified: October 10th, 2014 by Fadi Al-khatib



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Are you as proficient as Alan’s risk manager?

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.

Alan is one of the smart CEOs who have understood that proactive, risk-adjusted decision-making and effective management of capital is critical for success in business.  He is looking to counter risks, boost operational effectiveness, improve business processes and mitigate costs.   Jack is an efficient enterprise risk management software professional who emphasizes on developing ERM…

Are you as proficient as Alan’s risk manager? was last modified: October 10th, 2014 by Fadi Al-khatib



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Jack helps to Improve Internal Audit Planning with Enterprise Risk Management

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

Lara is an extremely proficient auditor in Alan’s company. She clearly understands that Enterprise Risk Management plays a key role in ensuring that the company audit programme is truly risk-based.   Jack helps Lara and Alan understand that ERM Software provides a risk-based approach, and discusses five advantages to add value to the internal audit process…

Jack helps to Improve Internal Audit Planning with Enterprise Risk Management was last modified: October 10th, 2014 by Mohammed Nasser Barakat



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Training and Education for Developing Risk Management Capabilities

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.

Risk managers hold great responsibilities and take on a variety of important roles to contribute to the success of their companies. In most companies, risk management is deeply connected with strategic thinking, the mission and vision of the organization. However, there is an apparent gap between risk managers and employees regarding the primary roles and…

Training and Education for Developing Risk Management Capabilities was last modified: November 3rd, 2014 by Fadi Al-khatib



Enterprise Risk Management Best Practices

Enterprise Risk Management Best Practices

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.

Profound understanding of the various aspects of Enterprise Risk Management is crucial to anticipate, manage and mitigate risks around your business activities. It is essential to understand the best practices to enhance business performance and ensure success in ERM implementations. Track and monitor on a regular basis It is imperative for the leadership team or…

Enterprise Risk Management Best Practices was last modified: October 10th, 2014 by Fadi Al-khatib



Enterprise Risk Management and Crisis Management

Enterprise Risk Management and Crisis Management

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.

The primary goal of Enterprise Risk Management is to boost operational effectiveness by improving business processes and mitigating potential losses. The major challenge lies in bringing diverse departments with varied requirements to communicate with each other and share information in a unified system. In addition to ERM, it is essential for companies to have an…

Enterprise Risk Management and Crisis Management was last modified: September 9th, 2014 by Fadi Al-khatib



Enterprise Risk Management Solutions UK

How Large Scale Organizations Deploy ERM

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

Large scale organizations need to follow a structured approach to deploying ERM. This involves understanding the risk appetite and risk philosophy of the organization at the inception. ERM strategies involve basing your risk mitigation foundation on the following key principles: Relevant roles and functions to be defined. All directives flow from senior management levels down…

How Large Scale Organizations Deploy ERM was last modified: May 6th, 2014 by Mohammed Nasser Barakat



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