Risk Director with over 13 years of experience in conducting risk assessments, collecting and analyzing documentation, statistics, reports, and market trends. Holding a Master’s Degree in Engineering Management and a Master’s Degree in Business Administration (MBA). Capable of promoting organizations-wide understanding of risks and risk management strategies. Skilled in identifying potential risk exposures, recommending solutions, implementing approved programs, promoting loss prevention, and updating and monitoring compliance.Equipped with a Governance, Risk, and Compliance Professional (GRCP) certificate, Enterprise Risk Management Certified Professional (ERMCP), Assistant Underwriting Officer Certificate, OSHA Hazard Recognition for General Industry, and Insurance Foundation Certificate Exam (IFCE).Contributed to the implementation and management of the following projects:➡️Created and implemented business continuity management.➡️Developed and activated the governance, risk, and compliance sector, as well as all connected departments.➡️Developed and activated risk department for the Royal Commission for Makkah City and Holy Sites.Achievements:➡️Developed and implemented comprehensive Enterprise Risk Management (ERM) and Governance, Risk, and Compliance (GRC) programs.➡️Created and implemented an ERM/Business Continuity (BC) strategy and framework that met ISO31000/22301 criteria.➡️Developed a business model for enterprise risk management and a risk register based on 7 risk-measurement parameters.➡️Participated in the National Risk Council General Secretariat's Resilience Pioneers and Leaders Program.Contacts: salem.a.binmahfooz@gmail.com
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Risk DirectorRoyal Commission For Makkah City & Holy Sites Oct 2021 - Sep 2024Jeddah, Makkah, Saudi Arabia 🇸🇦🔲Review current laws and regulations affecting the organization’s exposure to risk.🔲Recommend changes to the organization's policies regarding risk exposure and mitigation.🔲Oversee the risk assessments to identify potential threats in the workplace.🔲Establish and maintain positive connections with key stakeholders to ensure the efficient and effective execution of department responsibilities and tasks.🔲Assess and recommend updates to the audit and risk committee regarding the organization's risk appetite.🔲Evaluate the viability of current procedures that must be included in the system's risk and business continuity strategy.🔲Train staff on the organization's policies regarding risk identification, business impact analysis, and business continuity plan procedures.🔲Develop policies and procedures for identifying, assessing, monitoring, and mitigating risks.🔲Monitor risk mitigation action plans, developing and sharing detailed risk analysis reports. 🔲Increase risk awareness and create a proactive risk culture by using effective communication tactics and encouraging stakeholder engagement at all levels of the organization.🔲Play an important role in developing internal risk management knowledge by offering comprehensive training and mentoring to employees, considerably increasing the organization's total risk management capacity. -
Risk Management ManagerRoyal Commission For Makkah City & Holy Sites Sep 2019 - Sep 2021Saudi Arabia 🇸🇦🔲Conducted thorough risk assessments to identify and evaluate potential risks within the organization, assessed their likelihood, and impacted key business objectives.🔲Identified internal and external risks, whether operational, financial, and compliance-related.🔲Performed risk quantification and analysis.🔲Created comprehensive action plans that addressed potential vulnerabilities and reduced the organization's exposure to risk.🔲Implemented risk control measures such as insurance policies, internal controls, contingency plans, and other preventive measures to minimize potential losses and ensure business continuity.🔲Provided training and education to employees, promoted risk awareness, and empowered individuals to identify and report potential risks in their respective areas.
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Property And Casualty Risk ManagerAxa Cooperative Insurance Company Nov 2015 - Sep 2019Jeddah, Saudi Arabia 🇸🇦🔲Assisted in developing and embedding a robust framework to monitor the performance of property risk. 🔲Conducted assessments to define and analyze possible risks.🔲Evaluated the gravity of each risk by considering its consequences.🔲Oversaw risk management controls and systems.🔲Designed processes to eliminate and mitigate potential risks.🔲Created contingency plans to manage crises.🔲Evaluated clients' existing policies and procedures to find weaknesses. -
Risk Control EngineerTawuniya May 2012 - Oct 2015Saudi Arabia 🇸🇦🔲Ensured control objectives were always met to keep risk score within risk tolerance.🔲Created a Risk awareness culture and adhered to the defined risk management framework and standards.🔲Monitored and analyzed risk data to identify potential vulnerabilities, threats, and trends.🔲Conducted regular reviews of the client’s controls and processes to assess their effectiveness and identify areas for improvement.🔲Collaborated with cross-functional teams at the client side to ensure risk management practices were aligned with organizational objectives.🔲Coordinated risk assessments and controlled testing activities to ensure compliance with internal and external requirements. -
Application EngineerCarrier Corporation Oct 2011 - Apr 2012Saudi Arabia 🇸🇦🔲Developed specifications and performance requirements for HVAC equipment.🔲Provided creative and constructive input on the concept, design, and final layout of the proposed system.🔲Identified equipment and described operations as required during the sales cycle.🔲Assisted in the development of the proposal document as it relates to equipment specifications, layout design, and summary description of operation.🔲Generated RFQs for special equipment or subcontracted services. -
Undergraduate Research AssistantDrexel University Apr 2011 - Sep 2011Saudi Arabia 🇸🇦
Salem Binmahfooz, Grcp, Ermcp Education Details
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🏆4.97 - Excellent With First Honor -
🏆Merit -
Business And Insurance -
Mechanical Engineering
Frequently Asked Questions about Salem Binmahfooz, Grcp, Ermcp
What is Salem Binmahfooz, Grcp, Ermcp's role at the current company?
Salem Binmahfooz, Grcp, Ermcp's current role is Risk Director | Risk Advisory | Risk Financing | Strategy | Business Continuity | Regulatory Compliance | Key Performance Indicators (KPIs) | Budgeting | Engineering Management | ERM & GRC Certified Professional.
What schools did Salem Binmahfooz, Grcp, Ermcp attend?
Salem Binmahfooz, Grcp, Ermcp attended University Of Business & Technology, University Of Liverpool, Universität St.gallen - Hochschule Für Wirtschafts-, Rechts- Und Sozialwissenschaften, Drexel University.
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