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Last Updated : 2024-05-11 03:39:00
Speakers and Panelists at Amana Bank GRC Forum
Amana Bank recently conducted its Governance Risk Compliance (GRC) Forum at Mandarina Hotel. The GRC Forum focused on the integrated collection of capabilities and global best practices that enables the bank to reliably achieve its objectives while addressing uncertainty and ensure compliance through principled performance.
GRC Forum 2022 began with a welcome note by MD/CEO Mohamed Azmeer, followed by the opening remarks made by the Chairman of Amana Bank, Asgi Akbarally, highlighting the importance of GRC from the Board’s perspective.
Then the audience was enlightened by the bank’s Retired Founder Chairman Osman Kassim, who shared his hands-on experience on the importance of upholding the bank’s unique People-Friendly Banking model, highlighting how the concept takes a profit-sharing, risk-taking and participative approach in all customer engagements.
The Board Consultant and Ex-Board Audit Committee (BAC) Chairman, Jazri Ismail, delivered an experience-sharing speech on governance highlighting the existing corporate governance models worldwide.
Ensuring model compliance at all levels and adhering to the unique banking principles were addressed by special Guest Speaker Dr. Aishath Muneeza, who serves as an Associate Professor at INCEIF University, Malaysia. Dr. Muneeza was the first female Deputy Minister of the Ministry of Islamic Affairs in Maldives and was Deputy Minister of the Ministry of Finance and Treasury in Maldives.
The Chairman of the Board Integrated Risk Management Committee (BIRMC), Rajiv Nandlal Dvivedi, who counts over 40 years of experience in Commercial and Investment Banking, Corporate Finance, and Investments experience in the Middle East and USA, shared his experience on Enterprise-wide Risk Management with a few case studies in an interactive session with the audience.
Further, an informative presentation was delivered on effective Internal Controls by the Chairman Board Audit Committee, Tishan Subasinghe, a Fellow and Council Member of the Institute of Chartered Accountants of Sri Lanka.
The Representative Director of the bank’s largest shareholder, the Jeddah based IsDB Group, Mohamed Ataur Rahman Chowdury, delivered the shareholder perspective on the importance of GRC. He is a financial sector specialist, having spent more than 18 years in the financial institutions domain covering multiple geographic regions across the Middle East, North Africa, West Africa, Central Asia and Southeast Asia.
The practical perspective on Credit Initiation and Portfolio Quality was shared by Board Credit Committee Chairman, Dilshan Hettiarachi, an investment banker with over 25 years of banking and financial markets experience.
The forum concluded with a Q&A session, availing an opportunity for the audience to interact and engage with the presenters. Asim Raza who is also a representative director of IsDB Group andMr Khairul Muzamel Perera who is a representative director of Bank Islam Malaysia shared there expert views in response to questions raised during the session.
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