Operational risk is the risk of loss resulting from inadequate or failed internal processes, people, and systems, or from external events. It is one of the most significant risks that organizations face, as it can result in financial losses, reputational damage, and regulatory sanctions.
Operational risk management is therefore essential to ensure the resilience and sustainability of an organization’s operations. This involves identifying, assessing, monitoring, and controlling operational risks across the entire organization. Effective operational risk management requires a strong risk culture, clear risk policies and procedures, robust risk governance, and effective risk reporting and monitoring. The Head of Operational Risk plays a crucial role in ensuring that operational risks are identified and managed effectively, and that the organization is able to respond quickly and effectively to any operational risk events.
Samer Barham Yousef Muasher has had a long and successful career in the banking sector. With 20 years of experience under his belt, he has become a sought-after professional and trainer in the fields of enterprise risk management, compliance, and financial modeling. As the Head of Operational Risk & IT Risk Department at EALB, he has led his team to great success and helped the organization to achieve its goals.
Who Is Samer Muasher?
Samer Muasher is, in his own words, a result-oriented professional. He is also a trainer with a broad base of 20 years’ experience embracing 18 years in Banking Sector, gained a diversified knowledge in Enterprise Risk Management , Compliance, financial modeling, risk and risk evaluation, data gathering and analysis, oral and written communication and Projects Management.
One of Samer’s key qualifications is his expertise in business and risk management. He has developed and implemented numerous policies and procedures that have helped EALB to achieve its strategic objectives. He has also been instrumental in the organization’s organizational development, ensuring that it has the right people in the right roles to achieve its goals. His expertise in corporate governance has helped EALB to maintain its reputation as a responsible and trustworthy financial institution.
Implementation of Risk Management Policies and Procedures
Samer Muasher is also a COBIT®5 Implementer, which means he is well-versed in the latest IT governance and management frameworks. COBIT®5 is a comprehensive framework for IT governance and management that helps organizations to achieve their strategic goals and objectives while managing risks and complying with regulatory requirements. It provides a set of best practices, tools, and techniques that enable organizations to optimize their IT resources, processes, and investments. He has implemented numerous compliance and anti-money laundering programs that have helped EALB to stay on the right side of the law and avoid costly fines and penalties.
Risk Perception and Awareness
Perhaps most importantly, Samer has a proven track record of risk perception and awareness. He has helped the Board of Directors to understand the financial impact of various risks and to make informed decisions about how to manage them. This has helped EALB to enhance its business for stakeholders and to achieve its goals while minimizing risk and expenses.
Samer’s oral and written communication skills are also second to none. He is able to convey complex financial and risk management concepts in a way that is easy for non-experts to understand. This has helped him to train and mentor his team effectively and to communicate with stakeholders and regulators in a way that builds trust and credibility.
Overall, Samer Barham Yousef Muasher is a true success story in the banking sector. His expertise in risk management, compliance, and financial modeling has helped EALB to achieve its goals and maintain its reputation as a responsible financial institution. His dedication and hard work have made him a valuable asset to the organization and a respected professional in his field.