Summary
Overview
Work History
Education
Skills
Interests
Charity Fundraising - Horn of Africa (Somaliland)
Timeline
Generic
Bashir Omar

Bashir Omar

Head Of Risk Architecture - Credit Risk Management
Abu Dhabi

Summary

A detail orientated risk leader with over 15+ years banking experience in top tier banks across different regions and disciplines, and with a distinct reputation in delivering risk and regulatory initiatives, managing large teams and multi-million dollar programmes

Overview

16
16
years of professional experience

Work History

Head of Risk Architecture- Credit Risk Management

Abu Dhabi Commercial Bank
Abu Dhabi, Abu Dhabi
03.2024 - Current

Heading the Risk Architecture function within Credit Risk Management,

accountable for the following areas: RAROC, International Subsidiary Risk

Oversight. Reputational, Strategic and Shari’ah Non-Compliance Risk,

Model Risk Data Management Framework and Regulatory Reporting,

Credit Risk System Tools, and System

RAROC & Risk Analytics

• Responsible for designing the RAROC methodology inline with industry

best practice

• Setting and enforcing the RAROC hurdle rates and RAROC targets,

incorporating the Bank’s strategical financial growth, considering

Industry benchmarks (WACC), revenue, assets/liability, Cost of Risk and

Capital (SA-CCR. CR, Market Risk, Operational Risk)

Non Financial Risk

• Synchronising Risk Appetite with new policies for Reputational, Strategic

and Shari’ah Non-Compliance Risk

• Setting up performance measures and monitoring practices against

approved benchmarks

• Advising Board Risk Committee on the effective management of the

above risks

International Subsidiaries

• Maintaining oversight on Credit Risk Management for Non-UAE

subsidiaries

• Reviewing and approving credit risk policies

• Periodic monitoring of portfolio and aligning exposures with Head Office

appetite and quality measures

Model Risk Data Management Framework

• Establishing and maintaining a robust data management framework

inline with the Central Bank of UAE model management standards and

guidelines

• Advising on methodologies to capture model risk metrics (Default Rates,

LGD, Collateral, Recoveries)

• Reporting model risk data to regulatory and external bodies (CBUAE and

Al Etihad Credit Bureau)

Credit Risk Systems & Tools

• Managing the budget for the maintenance, and improvement of the

Credit Risk systems (Credit Lens, ECAMs, IFRS9, Model Risk DB)

• Transforming the systems landscape through introducing new platform

implementation and streamlining existing processes

• Maintenance of risk dashboards, platforms for credit risk reporting

• Representing Risk on numerous committees for the approval of new

initiatives, and capital expenditure

Senior Service Owner - Global Markets Risk

First Abu Dhabi Bank, FAB, Dhabi
Abu Dhabi
07.2019 - 03.2024
  • Heading the global markets risk service team (market risk and credit risk), responsible for the change and support functions – Group Chief Operating Office
  • Managing a yearly multi million dollar risk transformation budget
  • Successfully navigating turbulent economic conditions with the close oversight and implementation of market sensitive counterparty credit risk limits (default, settlement, lending ris
  • Outlining a 5year risk platform strategy and introducing the use of cloud computing to power more complex risk metrics (xVA, PFE)
  • Leading the xVA model implementation and central desk setup (CVA, DVA, MVA, ColVA, PFE, PnL attribution)
  • Significantly reduced stress testing execution timings by 80% within 6months, by sponsoring and designing an automated full revaluation stress testing global platform
  • Increased delivery of the market and counterparty credit risk change initiatives by 20% year on year by charing the global risk prioritisation committee
  • Owner of the global markets risk requirements for new product implementation globally and significantly increased the product coverage for key risk measures VaR, xVA, PFE
  • Sitting in multiple executive committees steering on FAB’s risk system capabilities and future landscape
  • Driving the OIS Multi-Curve Programme - Murex:
  • Supervising the implementation of forward estimation (LIBOR) and Risk Free Rate discounting curves (FedFund, SONIA, EONIA, AONIA)
  • Improving risk valuations by prioritising high impacting non linear exposures and their setup of RFR volatilities
  • Instrumented a new valuation framework to apply CSA aware discounting automatically leading to a huge reduction in valuation operational risk
  • Identifying, submitting and defending business cases to exco (CTO, COO)
  • Set myself and achieved a yearly target of revamping the risk target operating model, and optimising legacy processes and procedures and amending policy where required
  • Slashed the wrong way risk contribution by 50% by introducing counterparty to collateral legal connection and reducing addons leading to an improved WWR accuracy and freeing up limits
  • Accountable for the end to end global markets risk IBOR implementation
  • Year on year removal of deprecated risk applications and saving the bank 10% in OPEX
  • In charge for delivering risk regulations such as FRTB-SA and EMIR (Initial Margin – SIMM model)

Counterparty Credit Risk - Manager

Lloyds Banking Group
London
10.2013 - 07.2019


  • Tasked as the lead commissioner for all change initiatives in the CCR function partnering with Financial Markets’ executives for global transformation programmes
  • Leading the CCR change team for the setup of a Frankfurt entity for BREXIT in MLC (Murex Limit Controller) & CRE (in-house Monte Carlo Engine)
  • Delivered medium to large-scale complex projects from inception to delivery
  • Implemented CCR capabilities covering people, process and system changes for the Ring Fencing regulation winning a prestigious “Riskognition” award
  • Managing the volume of front office pre deal (CEM PSR) and PFE limit queries
  • Instrumental in establishing a target operating model for new international banking entities such as Singapore having conducted several engagements with their local regulator MAS
  • Successfully managing a large book of changes of over 300 basel III system changes for the regulatory finance teams whilst conducting implementation appraisals for BCBS 279 SA-CCR & 282
  • Prioritising the current “active book of work” during the Risk Value Stream involving key stakeholders within the business such as front office sales, quant research and credit
  • Improving on the scalability and coverage of the in-house Monte Carlo Simulation (Risk Neutral Implied Volatility) CCR Engine
  • Facilitated a 20% sales growth for the fx electronic connecting networks (ECNs) by improving the CCR pre deal checking capabilities for fx products through enhancing the PFE model necessitating model governance approval
  • Slashing inefficiencies within the risk change management process by reducing duplication and effort in UAT, dry run and dress rehearsals
  • Enhancing the xVA coverage CVA, PFE (EE, EPE) and adjustment process
  • Defining risk requirements for approved products and allocating resources through precise project planning whilst also not shying away from conducting deep business analysis (when necessary) on key issues to support projects during critical timelines
  • Implementing a stress testing tool capable of PRA Stress Test reporting and risk analytics “what if” scenario generation winning the group CRO’s recognition award

Associate Director, Head of EMEA Risk Projects

Societe Generale, NewEdge
London
02.2012 - 10.2013


  • Headed the EMEA front office risk projects, covering rates, commodity and futures trading systems Sungard (GMI and risk system Murex-MLC)
  • Implemented front office risk projects covering commodity and futures trading systems Sungard – GMI and for risk system Murex-MLC
  • Delivered exchange initial margin (SPAN, Eurex PRISMA, LCH MAPS) computation changes into the in house risk system (Yolus & Fimatrix)
  • Managed a team of analysts tasked to improve the Intra-Day risk platform by increasing its product scope
  • Owned the new product approval (NPA) process for Risk, with the coverage of system, model and process changes
  • Solved client and risk monitoring team queries revolving the daily VaR (Cross Margination) valuations computed on 4day 99% or 5day 99.8%
  • Mostly investigated reference data discrepancy affecting values
  • Oversaw Market Risk and Credit Risk report production and performed enhancements using JIRA to manage book of work
  • Project managed the implementation of a state of the art limit workflow system to improve credit approval process (ECLAF)
  • Attended the risk committee to provide on the spot impact assessments on the risk infrastructure to the CRO on an advisory basis
  • Presented at board level on the risk system capabilities to help shape the potential growth of the business
  • Led a global project to implement a credit analytical and reporting tool

Business Relationship Manager

HSBC Holdings
London
08.2008 - 02.2012
  • GLEAM) Basel II
  • Graduated from the prestigious HSBC Group Graduate Development Programme 2010
  • Managed relationships between HQ CFO/CAO and other entity CFO/CAO by setting clear data quality improvements leading to reduced RWA movements
  • Adjusted RWA’s for the HBEU and LATAM entities by posting finance adjustments journals into the GLEAM platform and providing comments into the system to optimise future capital computations
  • Managed stakeholder relationships between IT, Regulatory Finance and Front Office departments to resolve process improvement and provide MI reports to senior management to report on the user progress of the GLEAM System
  • Reviewed and analysed RWA adjustments to ensure they are removed once enhancements are delivered
  • Assisted emerging HSBC entities with the Standardised/IRBF PD, LGD and EAD calculations for all exposure types whilst also referring to BIPRU and issuing regulatory interpretation notices to facilitate regulatory change into the platform

Education

Master of Science - Islamic Banking & Finance With Econometrics

University of East London
London, UK

Bachelor of Science - Economics and Business Finance

Brunel University
London, UK

Skills

Risk Managementundefined

Interests

Start-ups, Microfinance, Financial Inclusion, Ethical Finance

Football, Gym,

Charity Fundraising - Horn of Africa (Somaliland)

On the first day of Ramadan 2022, a huge fire engulfed Somaliland's largest open market, I then mobilised a team of volunteers, setup a gofundme account and liaised with the Somaliland attache, ministers and local media (Islam Channel) and successfully raised a significant amount.

Timeline

Head of Risk Architecture- Credit Risk Management

Abu Dhabi Commercial Bank
03.2024 - Current

Senior Service Owner - Global Markets Risk

First Abu Dhabi Bank, FAB, Dhabi
07.2019 - 03.2024

Counterparty Credit Risk - Manager

Lloyds Banking Group
10.2013 - 07.2019

Associate Director, Head of EMEA Risk Projects

Societe Generale, NewEdge
02.2012 - 10.2013

Business Relationship Manager

HSBC Holdings
08.2008 - 02.2012

Master of Science - Islamic Banking & Finance With Econometrics

University of East London

Bachelor of Science - Economics and Business Finance

Brunel University
Bashir OmarHead Of Risk Architecture - Credit Risk Management