Binoy Thomas Email & Phone Number

Kuwait

Kuwait

Develop risk mitigating plans and programs, policies and procedures to neutralize threats and reduce risks and losses that may occur from Investment business operations and financial transactions.Development of complete risk monitoring and reporting structure which includes design of key monthly financial risk reports for senior management and quarterly risk report to the Board Risk Committee.Recommend actions where applicable, developing new strategies where appropriate.Identify, evaluate and implement corrective action against risks that may result in injury, property loss, damage or legal liability.Conducted Credit Risk & Collateral review for Subsidiaries of the Investment Company.Deployed the Risk Control Self-Assessment across the entity and prepared mitigation plans based on risk scoring. Responsible for monitoring the Portfolio’s performance & overlooking if compliant in liaison with KMEFIC strategies & procedures with regard to stop loss, exposures and Client contracts Working with the function heads to identify and correct control and regulatory deficiency issues together with follow up action and reporting responsibilities.Periodic reporting to executive management on instances of non-compliance and emerging regulatory issues.Developing and executing a risk program to test risk of internal policies and proceduresInvolved in the Implementation of FATCA within the enterpriseInvolved in the Implementation of Corporate Governance within the enterprise based on CMA Laws

Responsible for monitoring the Portfolio’s performance & overlooking if compliant in liaison with KMEFIC strategies & procedures with regard to stop loss, exposures and Client contracts Working with the function heads to identify and correct control and regulatory deficiency issues together with follow up action and reporting responsibilities.Periodic reporting to executive management on instances of non-compliance and emerging regulatory issues.Prepare the monthly, quarterly & yearly Compliance reports which are submitted to the Audit & Compliance committee with all issues pertaining to violations against regulatory, and all other non compliant issuesParticipate in product development to compliance-related issues are addressed before launchDeveloping and executing a Compliance program to test compliance of internal policies and procedures

Supervised the preparation of daily activities in back office operations and new activities reports to be provided to concerned departments and to the Asset Management department & dealers.Supervised and approved correspondence with banks, custodians and counter parties to follow up on unsettled instructions/claims for approval for payments.Over viewed correspondence with banks, companies and custodians to follow up the collection of cash dividends and bonus shares as and when due for approval.Delegated particular day-to-day responsibilities to the Operations staff Supervised settlement activities related to the operations of placements, borrowings and local trading in shares and bonds. Supervised the preparation of daily evaluation of local shares portfolios.Supervised in preparing of monthly NAV’s for the funds and reconciliations with the fund custodiansSupervised the correctness of entries made in the system in respect to trading in shares and rectify errors, if any. Supervised the correctness of reports of portfolios on daily basis and notify trading department of any changes.Verified contents of trading tickets against broker confirmation and supervise the preparation of settlement statements and position of shares trading and money market operations on a daily basis.Coordinate with the IT & Asset Management department for any enhancement of the PMS system.Coordinated with Auditors & Financial control department in preparing the Mutual Funds financials.

Performs operational activities related to the operations of corporate actions, funds management, placements, borrowings and local trading in shares and bonds, investment managementExtracts information to prepare daily activities and new activities reports and provides the same to concerned departments and to the dealers.Prepares daily evaluation of local shares portfolios.Checks reports of portfolios on daily basis and notifies trading department of any changes.Verifies contents of trading tickets against broker confirmation and prepares settlement statements and position of shares trading and money market operations on a daily basis. Prepares for transfer of funds in surplus when required for settlement activities between settlement accounts. Makes entries in the system in respect to trading in shares.