Tag: operational risk management

careweb orm

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



How to Perform Operational Risk Assessments?

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.

Rating: Risks are inherent principles of business functions and processes. While we have control over some risks, others are just not in our hands. Operational risk is a risk classification on which we have power to a large extent. Assessing and evaluating operational risks is vital. Organizations should develop foolproof assessment programs, as understanding and…

How to Perform Operational Risk Assessments? was last modified: October 10th, 2014 by Fadi Al-khatib



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



Alan

Factors That Make Operational Risk Assessments Go Haywire

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

Rating:   Operational Risk Assessments can go haywire because of a number of reasons. And here are a few things you need to set right to eliminate the causes behind failed risk assessments: Building the right risk culture A standard risk language has to be created This common understanding and uniform language also facilitates smooth…

Factors That Make Operational Risk Assessments Go Haywire was last modified: November 3rd, 2014 by Mohammed Nasser Barakat



Five Tips to Sense Operational Risks in Your Organization

Five Tips to Sense Operational Risks in Your Organization

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

Alan, the company’s CEO is concerned about the risks of an upcoming new project. Alan has always been proactive with risk management and hence calls a meeting with his Risk Manager, Jack and Head of Operations, Sarah. Jack is a witty risk manager and he comes up with some techniques that could help Sarah deal…

Five Tips to Sense Operational Risks in Your Organization was last modified: November 3rd, 2014 by Mohammed Nasser Barakat



ORM-02

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



ORMsmall-01

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



Alan1

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



Operational Risks

Operational Risk Management and Innovation – Cure For Risks Faced In Organizations

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

Although it might sound surprising, a few businesses across the world still think that innovation and risk management do not go hand in hand. Innovation and risk management are increasingly seen as adversaries, rather than being complementary. When appropriately combined, the two can help organizations leverage on opportunities that spring from a risk-averse culture. On…

Operational Risk Management and Innovation – Cure For Risks Faced In Organizations was last modified: October 10th, 2014 by Mohammed Nasser Barakat



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