MUHAMMAD JAVED
Dubai
Summary
Seasoned Governance, Risk, and Compliance (GRC) leader with nearly 30 years of extensive experience in banking, financial services, and regulatory institutions. Proven expertise in building Board-level risk reporting systems, implementing GRC technology solutions, and leading cross-jurisdictional risk teams. Successfully ensured regulatory compliance, enhanced risk governance, and managed complex transactional risks including Basel implementation, IFRS 9, Consumer Protection regulation, and Operational Resilience. Demonstrated success in developing and implementing enterprise-wide risk frameworks and strengthening compliance functions (AML, KYC, Due Diligence, Fraud Risk) to ensure regulatory adherence and organizational resilience.
Overview
30
30
years of professional experience
1
1
Certification
Work History
Governance, Risk, and Compliance Advisor
Kinetrix
06.2024 - Current
- Advised financial institutions on robust risk management, compliance, and governance frameworks.
- Developed and implemented risk-based compliance programs, encompassing KYC, AML, Due Diligence, and regulatory compliance protocols.
- Designed comprehensive operational resilience and business continuity frameworks to mitigate enterprise risks effectively.
- Enhanced ethics and conduct risk management practices, ensuring adherence to global best practices.
- Assisted organizations in establishing efficient governance structures for comprehensive risk oversight.
Senior Vice President, Head of Risk Management
Dubai Islamic Bank
07.2007 - 05.2024
- Led enterprise-wide risk management initiatives, covering credit, operational, market, and ESG risks.
- Built and scaled a 60-member risk function across multiple domains including Credit, Market, Operational, and ESG.
- Developed and implemented robust risk governance structures, ensuring regulatory compliance and strategic alignment.
- Managed high-level risk committees and effectively engaged with regulators, including the Central Bank of UAE (CBUAE).
- Directed successful implementation of Basel II/III and IFRS 9, optimizing risk modeling and financial reporting.
- Managed regulatory engagements with CBUAE, successfully resolving critical findings and ensuring compliance.
- Strengthened fraud risk controls, significantly enhancing financial crime prevention capabilities.
- Directed technology transformation initiatives, upgrading risk and compliance systems.
SVP, Senior Risk Officer
Muslim Commercial Bank
01.2004 - 06.2007
- Implemented Basel II frameworks, enhancing risk identification and regulatory compliance.
- Oversaw board-level risk committees, facilitating risk-informed decision-making.
Assistant Director / Inspecting Officer
State Bank of Pakistan
03.1996 - 12.2004
- Conducted regulatory examinations of banks utilizing the CAMELS rating system.
- Led examinations of major local and multinational banks, including UBL, ABL, Alfalah, Askari Bank, Bank Al Habib, AG Zurich, HSBC, Citi Bank, Standard Chartered, and ABN Amro.
- Contributed to the development and deployment of the Institution Risk Assessment Framework (IRAF).
- Collaborated with global regulatory bodies to develop robust risk management frameworks.
- Conducted examinations for two mid-sized banks during deputation with the Office of Comptroller of Currency (OCC).
Education
MBA & BBA - Business Administration and Management
University of Azad Kashmir
PakistanSkills
- GRC
- Risk Management
- Compliance
- Regulatory Reporting
- Financial Crime
- Operational Risk
- Market Risk
- Credit Risk
- ESG
- Basel II/III
- IFRS 9
- AML
- KYC
- Due Diligence
- Data Governance
Certification
- Banking Supervision Training - Office of Comptroller of Currency (OCC), Washington DC, USA
- Crisis & Business Continuity Planning Specialist
- Comprehensive Commercial Banking Training - SBP Training Institute
- Basel II and III - Advanced Implementation and Internal Rating Framework Development
LANGUAGES
English (Fluent)
Urdu (Fluent)
Arabic (Basic)
Accomplishments
- Facilitated over 25 risk workshops with C-suite executives, achieving 100% Board adoption of strategic risk treatment plans.
- Developed comprehensive fraud prevention and loss recovery frameworks, achieving 100% recovery across digital and conventional banking fraud cases.
- Built and scaled a 60-member risk function from the ground up across multiple domains including Credit, Market, Operational, and ESG.
- Led the successful implementation of core banking systems and managed two strategic mergers.
AREAS OF EXPERTISE AND ACHIEVEMENTS
- Facilitated over 25 risk workshops with C-suite executives, achieving 100% Board adoption of strategic risk treatment plans.
- Provided expert counsel on critical risk matters to C-suite executives and the Board.
- Managed diverse risk teams across five international jurisdictions, including UAE, Pakistan, Indonesia, Kenya, and Bosnia.
- Directed comprehensive regulatory and compliance audits, significantly strengthening CBUAE and FATF compliance.
- Offered subject matter expertise to business teams operating in KSA and Egypt.
- Led the successful implementation of core banking systems and managed two strategic mergers.
- Developed robust Corporate Governance Frameworks, integrating risk assessments, audits, and compliance checks to enhance transparency and accountability in decision-making.
- Established and managed Risk Management Committees, guiding senior executives and external advisors in reviewing investment proposals, identifying risks, and recommending mitigation strategies against defined risk appetites.
- Designed and managed comprehensive Risk Management Frameworks for operational, market, liquidity, and credit risks, ensuring continuous monitoring and regulatory compliance.
- Integrated Environmental, Social, and Governance (ESG) factors into ERM frameworks, conducting ESG score assessments and evaluating environmental impact of assets for sustainable projects.
- Designed and implemented comprehensive risk reporting and governance frameworks, covering policies, processes, measurement tools, and reporting structures.
- Managed cross-jurisdictional risk reporting across multiple subsidiaries, delivering critical insights to executive management and Board committees on Risk, Compliance, and Internal Audit.
- Developed and implemented Conduct Risk and Third-Party Risk frameworks.
- Led the identification, assessment, and mitigation of transactional, investment, credit, market, operational, reputational, and strategic risks.
- Utilized RCSA tools and implemented GRC systems for automated process documentation, risk assessment, and monitoring.
- Directed enterprise-wide risk identification and mitigation efforts across credit, market, and operational domains, leveraging advanced tools for automated risk monitoring.
- Established robust ERM strategies and implemented comprehensive business continuity plans.
- Drove technology adoption for risk management and implemented GRC solutions.
- Deployed advanced systems to detect and block phishing attempts and flag suspicious communications, protecting customers from identity theft.
- Implemented real-time transaction monitoring systems to identify unusual patterns and prevent fraudulent activities like account takeovers.
- Strengthened Know Your Customer (KYC) protocols to verify client identities and ensure fund legitimacy, enhancing Anti-Money Laundering (AML) measures.
- Led engagement with financial regulators to share data on suspicious activities and align with global AML standards, including FATF recommendations.
- Conducted thorough background checks on buyers and sellers to prevent fraudulent transactions in investment banking.
- Developed comprehensive fraud prevention plans and loss recovery frameworks, achieving 100% recovery across digital and conventional banking fraud cases using insurance.
- Developed a detailed cyberattack response plan to manage potential cyber threats effectively.
- Set up alternate processing centers for critical operations (e.g., payments, trading) in geographically distinct locations.
- Conducted regular stress tests on financial systems to ensure resilience against extreme market events like interest rate hikes or liquidity shortages.
- Implemented operational measures, including rotating staff schedules and remote work capabilities, and customer support automation to mitigate health crisis disruptions.
- Designed robust frameworks to safeguard critical data and support ongoing operations during technical failures, ensuring IT system redundancy.
- Developed response strategies for sudden market changes, such as a housing market crash, ensuring financial stability through scenario planning.
- Integrated climate risk assessments into credit risk models and supported sustainable financing initiatives, including green Sukuks for renewable energy projects, within the Environmental, Social, and Governance (ESG) Framework.
- Implemented robust data governance frameworks to ensure compliance with GDPR and local regulatory requirements for customer data protection.
- Established data stewardship roles to maintain accuracy and consistency of financial data across all systems, enabling better decision-making and data quality management.
- Created centralized data repositories and platforms for data storage and management, improving accessibility and reducing duplication.
- Developed stringent cybersecurity protocols to protect data from breaches, ensuring integrity and confidentiality.
- Designed and implemented a Group-wide Risk Appetite Framework across five subsidiaries, improving risk limits, decision-making, and regulatory compliance.
- Directed crisis management initiatives during COVID-19, ensuring seamless business continuity.
- Managed a successful mid-sized bank merger, ensuring smooth operational and governance integration (e.g., Noor Bank and Tamweel).
- Developed Basel-compliant frameworks and IFRS 9 credit risk models, enhancing financial risk assessment accuracy for corporate and consumer banking.
- Strengthened market and liquidity risk management, ensuring compliance with LCR, NSFR, and IRRBB regulations.
Timeline
Governance, Risk, and Compliance Advisor
Kinetrix
06.2024 - Current
Senior Vice President, Head of Risk Management
Dubai Islamic Bank
07.2007 - 05.2024
SVP, Senior Risk Officer
Muslim Commercial Bank
01.2004 - 06.2007
Assistant Director / Inspecting Officer
State Bank of Pakistan
03.1996 - 12.2004
MBA & BBA - Business Administration and Management
University of Azad Kashmir