Management Risk

George Mokonchu MBA MEng

**** ******** *****, ********, ** 19468, USA

Cell: +1-484-***-****; Hm: +1-610-***-****; Email: abk5il@r.postjobfree.com ;

abk5il@r.postjobfree.com

SENIOR RISK MANAGEMENT & FINANCE EXECUTIVE

Risk Management Expertise

Enterprise Risk Assessment - ERM - RCSA - Strategic Risk Management - Risk

Insurance - Risk Financing - PMO - ROV

RAROC - Market & Credit Risk Management - Financial Planning & Analysis -

Forecasting - IT Integration - Basel II - Audit

Cash Management & Optimization - Asset Management & Yield - Financial

Systems - SOX - Equity and Debt Financing - Compliance

PROFILE:

. Risk management executive with 15+ years experience in banking and

enterprise risk management.

. Experienced in corporate governance, risk management, compliance, and

control activities.

. Implemented enterprise risk management frameworks, including operational,

financial, investment, and strategic risk management.

. Broad hands-on financial management and analysis background.

. Extensive international, M&A and due diligence experience, and Basel II

experience.

. Foster teamwork and innovative thinking. Proven team builder and catalyst

in establishing strategic partnerships.

. Business graduate (MBA) with extensive international business and project

management expertise.

PROFESSIONAL HIGHLIGHTS:

. Leader / Consensus Builder - Saved more than $10 million in operational

efficiencies (and quality improvements) by reengineering business

processes for UniPoly. Recognition in Wall Street Journal, risk

management magazines August 1999.

. Negotiator and Project Manager - Brought in and managed multi-million

dollar contracts with clients while in consulting.

. Risk Assessment Manager - Saved in excess of $7 million by restructuring

corporate risk management function and designing, developing, and

implementing an enterprise-wide risk management framework, 2000-2004.

. Cost Reductions - Saved over 35% annual risk insurance premium by

developing a global strategy to optimize business risk financing and

insurance programs. It included developing insurance/swap options on

corporate financial exposures, 2000-2004.

. Conference Speaker - presented on seminars and business schools on ERM

and risk integration in investment analytics, 2001-03.

. Computer Skills - @Risk, Crystal Ball, Splus, SPSS, SAS, Predict,

Minitab, Monte Carlo, Precision Tree, MS Access, MS Word, MS Excel, MS

PowerPoint, MS Project, Primavera P3.

PROFESSIONAL EXPERIENCE

Dubai Holding, Dubai, United Arab Emirates (UAE)

May 2009 - Present

Leading diversified international company with businesses in various

industry sectors including financial services (banking and insurance),

public/private equity investment portfolios, infrastructure and real

estate, and leisure/hospitality.

Sr. VP - Group Head of Risk Management

Head of Risk Management at the holding company, responsible for

implementing and enhancing Enterprise Risk management across the varied

businesses within the group, and steering the strategic risk position of

business portfolio for the holding company.

. Transitioned risk management from a control function to providing

strategic advantage, through risk-return analytics, risk-adjusted capital

allocation, portfolio risk analysis and pricing.

. Implemented and enhanced Enterprise Risk Management across the holding

company and its group of varied businesses.

. Developed framework for risk consideration in strategic planning,

budgeting, investment appraisal and capital allocation.

- Identified key risks linked to key strategies and key business

objectives.

- Evaluated deliberate risk consideration (and integration) in business

strategic initiatives and business key activities.

- Standardized risk management process to monitor, report, and steer

risk positions at the businesses in the holding company.

. Assess overall risk position of the holding company (and cascade to its

businesses).

- Evaluated strategic, operational, market, credit and liquidity risks

and assess overall risk position of the business.

- Assisted in identifying and assessing key risks around strategic

scenarios.

- Simulated business risk information to derive value at risk (VaR) and

cash flow at risk (CFaR).

. Evaluate organization's overall risk appetite.

- Defined critical loss scenarios (EBIT, OCF, covenants, retained

earnings, etc), and calculate maximum loss scenarios.

- Developed overall group risk appetite and framework in order for its

businesses to develop specific risk appetite limits.

- Guided the organization's businesses in formulating risk appetite

across their portfolios.

. Proactively develop risk mitigation for major risks above defined risk

appetite.

- Developed risk mitigation strategies and KRIs for major strategic

initiatives and risk affecting key business objectives.

- Strengthened risk governance framework. Defined specific mitigation

strategies for businesses and present findings to Board.

. Monitor key risks using risk key risk indicators.

- Helped businesses develop and enhance risk analytics capabilities:

scenario planning, sensitivity analysis, CFaR/VaR., etc.

- Developed corporate risk dashboard to provide a portfolio view for

managing consolidated risks across the businesses.

AIG Corp (Financial Services Division), New York, (NY)

January 2007 - May 2009

VP - Global Head of Operational and Enterprise Risk Management

Head of Operational and Enterprise Risk Management for the Consumer Finance

(retail banking) business, with responsible over 10 retail banking and

consumer finance companies internationally. My responsibilities

included building out the global risk management framework, developing risk

policies and governance structures, developing retail credit scorecards

(validation and enhancement of retail credit rating/scoring

models), training executives on risk management, and ensuring consistent

risk reporting.

. Developed and implemented operational and enterprise risk management

framework in over 10 international banking companies.

Worked with consultants in the validation and enhancement of the retail

credit risk rating/scoring models.

Developed and implemented the RCSA (risk and control self-assessment)

process.

. Developed KRI and MIS reporting (KPM's) framework (and risk dashboard)

for corporate risk oversight and governance.

Developed and implemented framework for loss event date management and

analytics, monitoring, tracking and reporting.

. Developed risk governance framework for in-business and corporate Risk

Management Committee (RMC). Co-chair of the RMC.

Assessed Basel II requirements and managed the development and rollout of

Basel II platform across the banking subsidiaries.

. Ensured consistent application of ERM risk management methodologies

through consistently communicating the concepts, objectives and benefits,

and providing structured global risk and Basel II training to risk

managers and executives.

. Established global ERM and operational and credit risk management

policies for all banks in 10+ international locations.

. Implemented framework for integrating ERM risk assessment during in M&A

due diligence and business integration.

. Implemented approach for live incidents capture that drive business risk

scenarios and, "risk cards" and, hence, the RCSA process.

. Served on AIG Corporate Steering Committee to provide subject matter

expertise on risk management and ERM.

. Teamed up with operations management in business process redesign and

realignment for business effectiveness and efficiency.

. Led the SOX assessment and reporting process, ensuring findings are

reviewed, acted upon and monitored.

. Managed regulatory examinations and internal audit reviews.

. Supervised more than twenty staff through direct and matrix reporting.

CITIGROUP, Inc, New York, (NY), November

2005 - Jan 2007

Sr. VP - Head of Compliance and Operational Risk Management.

Head of Compliance and Operational Risks Management department in the

Consumer Business Group. Responsible for developing an effective risks and

controls environment, compliance strategy, risk self-assessment, and

integration of risk management initiatives.

. Developed the compliance strategy and managed compliance and risk

requirements across different product and functional areas.

. Led the integration, enhancement and embedding of risk and controls self-

assessment framework (RCSA) within business units.

. Responsible for the RCSA risk self-assessment process, implementing

corrective actions and tracking results.

. Responsible for business level risk aggregation, reporting, escalation,

and developing mitigation.

. Co-managed the re-design of processes, analyzed flowcharts and ensuring

risk activity risks and identified and controls developed.

. Improved the legal entity workflow process, transaction documentation,

and communication across functional groups, while maintaining appropriate

segregation and internal controls.

. Developed risk management training to executive/staff on risk

infrastructure, policies, roles, responsibilities and reporting metrics.

. Led process improvement initiatives, and oversaw compliance with

operational risk and Sarbanes-Oxley 404 programs.

. Developed framework for producing, analyzing and reporting on Business

Risk Profiles and KRI's.

. Managed framework for loss event data management and Basel II analysis

for operational risk management.

. Supervised three direct reports and eight matrix reporting.

ERNST & YOUNG, LLP, Philadelphia, PA, March

2004 - November 2005

Senior Manager, Risk Management Services (Enterprise Risk Management)

. Led the regional (Mid-Atlantic) Enterprise Risk Management Practice,

covering financial services, manufacturing, energy, etc.

. Managed engagements for Enterprise-wide Risk Assessment (ERA) and

developed ERM framework for banking and other sectors.

. Facilitated clients in undertaking an integrated enterprise risk

assessment, developing customized risk management policies, refining risk

reporting frameworks, and assessing risk response and monitoring.

. Worked with clients to develop effective corporate governance around ERM

and Sarbanes-Oxley (SOX) projects. Leverage information to develop

effective corporate governance framework and risk management, including

risk ownership, accountability, governance committees' mandates, and

concise and effective risk communication format.

. Validated clients' existing risk management and reporting frameworks.

Integrated clients' company-wide risk initiatives and capital project

risk assessments into COSO ERM framework.

. Undertook strategic risk assessment, and integrating risks management in

strategy and financial planning.

. Developed risk profile for an IPO in the due diligence process, and

adding value from integrating enterprise risk assessment.

CINERGY CORPORATION, Cincinnati, OH,

Jan 2000 - Mar 2004

Publicly traded U.S. diversified energy company with 8,500 employees and

$12 billion in revenues.

Director, Global Risk Management

P&L accountability for capital and operating $10 MM budget. 7 direct and 4

indirect reports.

. Provided oversight of Market & Credit Risk Management and risk policies

and procedures.

. Implemented and managed derivative counterparty exposure utilizing value-

at-risk (VaR) methodology.

. Assessed, reviewed and reported on trading and related risk positions,

credit contracts and performance assurance.

. Designed, implemented and integrated Enterprise Risk Management (ERM)

across the business units and organization.

. Developed Operational Risk Management Framework and implemented the RCSA

risk self-assessment process.

. Led company-wide initiatives to assess and manage strategic, operational

and financial, and investment risks.

. Developed Basel II requirements, and implemented framework for corporate-

wide operational risks data collection and analysis.

. Introduced Real Options Valuation (ROV) concepts in IT procurement,

development and integration, and in capital investments.

. Risk integration in Business Strategic Planning: Responsible for

developing departmental 5-year rolling strategic plans for business

units, and ensuring that risk management is integrated in strategy,

objectives and decision-making.

. Developed and implemented business driven finance metric for structured

finance activities. Instituted an effective, structured, and systematic

process of identifying, evaluating and quantifying the various investment

options, and assessing investment risks.

. Led the documentation process for financial controls in response to the

Sarbanes-Oxley Act 2002.

. Developed corporate BCP/DRP, and integrate into internal audit planning

and Enterprise Risk Management framework.

. Managed the insurance department, placing and renewing insurance

coverage. Directed associated claims and developed insurance risk

optimization initiatives for all insurance related platforms, including

property insurance, workers' compensation, D&O liabilities, auto, and

general liability.

. Reduced insurance risk premiums by 35% by introducing self-insured

programs and new initiatives to maximize risk-reward.

. Cut insurance claims 15% by developing captive insurance platform and

coaching departments to improve efficiency.

. Received CEO's award for outstanding accomplishments, leadership, hard

work, and ability to implement positive change.

WILLIS GROUP London,

UK, 1998-2000

Publicly traded leading global risk management and insurance intermediary.

Senior Strategic Risk Consultant

P&L responsibility for $ 5mm. 10 direct reports.

Led the project and change management practices, providing business

strategic risk consulting, change management, supply-chain analysis,

business performance improvement, outsourcing risk assessment, and due

diligence (on M&A) and post integration risk assessment, to major

organisations in varied industry sectors including manufacturing, retail,

media, banking, energy, construction.

. Strategic risk assessment and optimization for State of Jersey (UK), BTR

(now Invensys), PepsiCo (USA).

. Risk analysis on supply chain, & process re-design for Financial Times

(FTI/FTEP), UniPoly, NatWest Bank.

. Operational risk self-assessment and risk profiling for Invensys, GEC and

ICI, Abbey National Bank.

. Performed risk assessments in due diligence on M&A for United Distillers

(Ireland) and UniPoly (Holland).

. Developed and implemented change management & communications Strategy for

UniPoly, BTR.

. Designed and implement business continuity planning (BCP, DRP) for FT

(Europe), BBC (UK), Invensys.

. Developed and deployed IT solutions for risk self-assessment and sharing

best practice. Annual savings above $1 million for BTR.

. Assessing IT outsourcing risk assessment and management for National

Grid, Abbey National, Bank of Scotland.

. Implemented change and improvement initiatives using Balanced Scorecard

and business excellence model concepts.

. Implement risk governance and communication process/tool.

. Assessed risks involved in manufacturing outsourcing for BTR and others.

. Recognition for success in client's risk assessment and process

reengineering. Profiled in the Wall Street Journal, August 1999.

BOVIS PROGRAM MANAGEMENT, BOVIS GROUP London, UK,

1997-1998

Privately held project and construction management company with 5,500

employees in 73 global offices. Merged with Lend Lease Corporation USA in

1999.

Finance Consultant

6 direct and 10 indirect reports of project managers and finance

consultants.

. Arranged financing of investment projects though private and public

partnership arrangements. Managed project, contract, outsourcing, and

risk assessment, including analysis and development of financial models.

. Generated over $30,000,000 in fees by negotiating deals and cross-selling

services.

. Improved efficiency (20%) and value by integrating change management into

project management during the financing process.

. Implemented concepts of value management in contract and project risk

management, investment, and outsourcing.

. Arranged project financing and led project management of capital projects

of up to $300,000,000 through European banks.

THE POST OFFICE COUNTERS LTD. (POCL), Retail of British Royal Mail Service

London, UK, 1996-1997

UK's regulated, sole mail courier service with two divisions, retail and

operations with $10 billion in revenues.

Business Improvement Consultant - European Business Excellence Model (EFQM

Model)

. Responsible for customizing the European Business Excellence Model (EFQM)

for medium-size and small-scale businesses making up the 20,000+ outlet

for the retail company. Provided strategic planning, operational analysis

and review, and revenue forecasts.

. Assessed, recommended, developed, and executed performance improvement

and self-assessment framework based on EFQM.

. Undertook business planning and performance review for representative

samples of 20,000 franchise retail outlets. Structured change management

initiatives on how the managers assess their business for performance

enhancements and focus.

. Developed business planning and performance metrics, competitive

benchmarking, and key business drivers.

. Instituted framework for business to grow revenues 15% and increase

number of local outlets 10% by focusing on franchise's key business

performance and revenue drivers.

1995 - 1996 MBA Degree (Warwick Business School, United Kingdom)

MOUCHEL CONSULTING, UK, 1990-1995

Privately held engineering and management consulting firm with 1,500

employees.

Project Management Consultant

. Delivered national and international multi-disciplinary projects.

. Led project economic appraisal and project financing analysis.

. Project management and project risk management.

. Project investment appraisal and optimization, financial and quality

control, performance review and operations management, business resource

management, contract and business risk management.

. Developed PMO and led project management teams for national and

international projects.

. Brought in and project managed over $200,000,000 on UK government

infrastructure project.

SPEAKING ENGAGEMENTS

. Adoption of ROV in Investment Strategy, Arizona 2001. The Adoption of ROV

in Strategic Planning and Investment Optimization, Ohio State University,

and Kelly Business School, Indiana University, 2002.

. Development and Integration of Real Options Valuation concepts, at the

IQPC Conference, Arizona, 2001.

. e-Risk Management, at Marcus Evans Conference, May 2002, New York

. AABE Energy Conference, July 2002, Cincinnati

EDUCATION AND CERTIFICATIONS

. MBA, Warwick Business School, UK, 1996

. Professional/Chartered Engineer (CEng), Engineering Council, UK, MICE

. MEng (Master of Engineering) University of Leeds, UK, 1990 - Worked full-

time as engineer to defray education expenses.

. BS Equivalent, Sacred Heart College, Cameroon, 1986

. Certified Project Manager (CPM)

PROFESSIONAL AFFILIATIONS AND COMMUNITY INVOLVEMENT

Affiliations.

. Association for Project Management, UK, Member;

. Project Management Institute, U.S., Member

. Institute of Internal Auditors, U.S., Member

Community Involvement:

. Greater Cincinnati Chamber of Commerce, Board Member of the Breakfast &

Leadership Forum.

. Greater Cincinnati Chamber of Commerce, Board Member and Lead Examiner of

the Small Business of the Year Awards.

. Advisors Helping Agencies, (A-HA!), Cincinnati, OH. Lead adviser to non-

profit organizations.

. Mutual Benefit Credit Union, Cincinnati - Former member of Policy Review

& Revision Committee.

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