Mohamed El Nikhely
Abu Dhabi,AZ
Summary
Professional with extensive background in regulatory compliance and risk management. Proven ability to develop and implement effective compliance programs, ensuring adherence to industry standards and legal requirements. Strong focus on team collaboration and achieving results, adaptable to changing needs. Skills include policy development, auditing, and stakeholder communication, with a reputation for reliability and integrity.
Overview
20
20
years of professional experience
Work History
LEGAL COMPLIANCE MANAGER
Al Ain Ahlia Insurance Company
07.2024 - Current
- Reduced risk exposure for the company by identifying and addressing areas of noncompliance.
- Liaised with clients to identify and target inefficiencies in areas of risks and business controls, process gaps and workflow discrepancies.
- Consulted with clients on best practices and served as project manager for all process improvements and regulatory initiatives.
- Performed regular compliance reviews and audits, identifying non-compliance issues.
- Investigated potential compliance violations and reported findings to senior management.
- Developed compliance training initiatives and materials, educating staff on regulations.
- Provided expert advice to senior management on potential risks, legal implications, and recommended solutions for complex compliance issues.
- Advanced organizational compliance maturity by benchmarking against industry standards and implementing best practices.
- Reviewed documents, files, transcripts, and other records to assess compliance and potential risk.
- Developed policies and procedures to manage compliance risks, safeguarding organizational reputation.
- Collaborated with contract team to review client contracts and facilitate personnel compliance training.
- Advised division leaders of regulatory risks in business processed and provided recommendations for improvement.
- Supported marketing team in review and submission of regulatory articles and newsletters.
- Maintained effective working relationships with regulatory authorities, suppliers and customers.
- Streamlined compliance processes by implementing efficient monitoring systems and tools.
- Strengthened company-wide awareness of relevant laws, regulations, and industry standards through targeted trainings, presentations, and ongoing communication efforts.
Senior Legal Associate
Dubai Insurance Company (DIC)
06.2023 - 06.2024
- Maintained up-to-date knowledge of regulatory changes, informing management of any potential impacts on company operations.
- Implemented a centralized system for tracking regulatory inquiries, improving response times and overall efficiency in addressing concerns raised by regulators or clients.
- Proactively monitored changes in legislation affecting clients'' cases, assisting attorneys in adapting strategies accordingly.
- Established relevant black letter law by researching statutes and codes to case jurisdiction.
- Assisted in building the firm''s reputation for exceptional research capabilities by consistently producing high-quality work under tight deadlines.
- Managed a comprehensive database of legal resources, ensuring easy access to vital information for team members.
- Streamlined the document review process with meticulous organization and attention to detail, improving overall case management.
Legal Consultant
Law Firm
10.2021 - 06.2023
- Drafted comprehensive legal documents including contracts, agreements, and memoranda of understanding for diverse clientele.
- Conducted thorough legal research to inform strategy development and decision-making in complex cases.
- Built lasting relationships with clients through effective communication, attentive listening, and proactive problemsolving.
- Assisted in the due diligence process during mergers, acquisitions, and other corporate transactions to protect clients'' investments.
- Minimized risk exposure through careful advice on business operations and strategic plans.
- Managed caseloads efficiently while maintaining high-quality work standards under tight deadlines.
- Developed tailored risk mitigation plans to safeguard clients'' interests and minimize potential liabilities.
- Presented key evidence and exhibits during civil trials.
- Negotiated settlements with opposing counsel.
Legal Insurance Manager
SAAED for Traffic System
08.2020 - 08.2021
- Collaborated with cross-functional teams to develop new insurance products tailored to specific target markets.
- Spearheaded projects aimed at improving operational efficiency across various functional areas within the organization.
- Developed and implemented successful sales strategies for increased revenue and market share in the insurance sector.
- Fostered a positive workplace culture that promoted collaboration among staff members, resulting in increased employee satisfaction and reduced turnover rates.
- Negotiated contracts with underwriters to secure competitive pricing and terms for client policies.
- Increased customer retention rates through proactive policy reviews and personalized coverage recommendations.
- Ensured compliance with all regulatory requirements by staying up-to-date on changes in legislation affecting the insurance industry.
- Conducted regular performance evaluations for staff members, offering constructive feedback and identifying areas for professional development opportunities.
- Created financial dashboards to provide insights into key performance indicators.
Legal Recovery Claims Asst Manager
Abu Dhabi National Insurance Company (ADNIC)
12.2013 - 07.2020
- Collaborated with team members to expedite high-priority claims for faster resolution and improved client relations.
- Assisted adjusters in the field, gathering critical information for accurate evaluations of loss events and damage estimates.
- Cross-trained existing employees to maximize team agility and performance.
- Conducted comprehensive research to interpret coverage details accurately, thereby reducing ambiguities that could lead to disputes or litigation.
- Managed the preparation of reports for regulatory bodies, demonstrating adherence to legal standards.
- Analyze complex compliance data to identify trends and areas for improvement in organizational processes.
- Advised senior management on the implications of current and emerging compliance regulations on business strategies.
- Represent clients in proceedings by attending meetings with clients, external bodies, and experts
- Support in writing POA, letters, and any other legal documents.
- Assure periodical review of the performance of the law firms appointed. Support on matters related to the Traffic Department and Police.
- Formulate legal strategies for the recovery of credit delinquencies and receivables .
- Analyze claims data to generate reports on processing times, settlement amounts, and other key metrics.
- Manage total loss claims, ensuring the maximization of salvage value.
- Maintain current knowledge of insurance regulations, industry standards, and legal requirements for motor claims.
- Manage claims cost-effectively and support divisions in reducing claim frequency and value.
- Monitor court and legal claims brought against ADNIC Perform site visits and attend claim meetings for high-value claims.
- Manage recoveries of uninsured motor claims and conduct half-yearly audits of service providers.
- Support the Claims Manager and ensure effective complaint resolution and customer journey improvements.
- Ensure strict adherence to regulatory and industry standards in claims processing .
- Identify and prevent fraudulent claims through vigilant monitoring and appropriate action.
- Negotiate with claimants, policyholders, and legal representatives to resolve claims effectively.
- Oversee the recovery process, track performance, and enhance relationships with partner companies Develop strategies to optimize collection and recovery, improve efficiency, and minimize losses.
- Provide strategic management and advice on insurance claims across the organization
INTERNAL AUDIT, RISK CLAIMS MANAGEMENT
Abu Dhabi National Insurance Company
12.2005 - 09.2013
- Skilled at working independently and collaboratively in a team environment.
- Assist with developing a comprehensive internal audit plan, including preparation of risk assessment.
- Review and improve insurance policy wording including terms conditions and pricing.
- Provide feedback to management regarding IT best practices related to increasing efficiency and enhancing the control environment.
- Auditing and settling all insurance claims in coordination with the claims committee.
- Supports the external auditors by performing reliance testing for the external audit firm.
- Assist with other related operational audits across the organization, both IT non-IT-focused.
- Ensure compliance with various provisions of the Insurance Act corporate governance rules, and other applicable statutes.
- Ensure the implementation and maintenance of relevant management information systems and, quality controls.
- Checking all coinsurance and reinsurance claim files.
- Periodical review of the Department's outstanding reserve and preparing related quarterly statements to reach the proper reserving.
- Review Manager and team members as well as externally with insureds claimants
Education
Governance Risk And Compaiance
ICA International Advanced Certificate
LONDONCertified Anti Money Laundering Specialist
ACAMS
LONDON01-2023
PROFESSIONAL CORPORATE LAWYER (BCLC)
Cambridge Law Studio
ENGLAND04-2021
The International Arbitration Organization(I A O)
The Association For International Arbitration
Brussels, Belgium06-2015
Legal Insurance Contract, General Insurance, Prin
The Chartered Insurance Institute. (CII)
LONDON05-2013
Bachelor of Law
CAIRO University
Egypt,Cairo05-2000
Skills
- Commercial Criminal Law
- Legal writing
- Deep knowledge of public and private law
- Strong experience in various legal advisory and insurance
- Civil Status Law
- Debt Recovery
- Strong problem-solving and analytical skills
- Litigation and arbitration
- Independence and autonomy
- Ethics and Integrity
- Labor & Employment Issues
- Criminal Decision Making
- Legal research
- Anti-money laundering
- Documentation review
- Customer due diligence
- Know your customer
Timeline
LEGAL COMPLIANCE MANAGER
Al Ain Ahlia Insurance Company
07.2024 - Current
Senior Legal Associate
Dubai Insurance Company (DIC)
06.2023 - 06.2024
Legal Consultant
Law Firm
10.2021 - 06.2023
Legal Insurance Manager
SAAED for Traffic System
08.2020 - 08.2021
Legal Recovery Claims Asst Manager
Abu Dhabi National Insurance Company (ADNIC)
12.2013 - 07.2020
INTERNAL AUDIT, RISK CLAIMS MANAGEMENT
Abu Dhabi National Insurance Company
12.2005 - 09.2013
Governance Risk And Compaiance
ICA International Advanced Certificate
Certified Anti Money Laundering Specialist
ACAMS
PROFESSIONAL CORPORATE LAWYER (BCLC)
Cambridge Law Studio
The International Arbitration Organization(I A O)
The Association For International Arbitration
Legal Insurance Contract, General Insurance, Prin
The Chartered Insurance Institute. (CII)
Bachelor of Law
CAIRO University
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