Walid Hegab
Chief Risk Officer at Bidaya Finance- Claim this Profile
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Bio
Credentials
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Managing the COVID19 Crisis – Best Practices in the International Market
Frankfurt School Sustainable World AcademyFeb, 2021- Nov, 2024 -
Evaluation , Bachelor of Business Administration (B.B.A.), Accounting - CA, USA
Academic Credentials Evaluation Institute, Inc. (ACEI)Jan, 2000- Nov, 2024
Experience
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Bidaya Finance
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Saudi Arabia
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Financial Services
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100 - 200 Employee
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Chief Risk Officer
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Sep 2022 - Present
- To lead and guide all Credit Risk (Retail & Corporate), Operation Risk, Market Risk, Information & Cybersecurity, and Legal related activities within BIDAYA to ensure risks managed per international best practices in line with relevant laws and regulations. - Lead and direct the development of the Risk Department strategy by consolidating different departmental strategies in line with BIDAYA’s strategy to ensure vertical alignment and horizontal integration with other interfacing… Show more - To lead and guide all Credit Risk (Retail & Corporate), Operation Risk, Market Risk, Information & Cybersecurity, and Legal related activities within BIDAYA to ensure risks managed per international best practices in line with relevant laws and regulations. - Lead and direct the development of the Risk Department strategy by consolidating different departmental strategies in line with BIDAYA’s strategy to ensure vertical alignment and horizontal integration with other interfacing Departmental strategies across BIDAYA - Monitor financial performance versus budget - Assess external economic conditions from a risk management point of view in order to keep the senior management team informed regarding the outlook as it applies to the company - Lead and guide review and interpretation of new and existing laws and regulations which affect the company’s business to ensure compliance - Design Risk Strategy Framework (RSF) describing the targeted Target Market List (TML), Basic Credit Lending Framework (BCLF), Risk Appetite Statement (RAS), Collection & Remedial Strategy (CRS), Fraud Strategy Framework (FSF), Market Risk Framework (MRF), ECL Strategy, and Delegation of Authority (DOA). - Ensure Risk and Control Self-Assessments (RCSA), for all operational risks, is conducted by all departments and risk registers completed for each department - Ensure applying a proposer Business Continuity Management Framework (BCM) upon SAMA guidelines and requirements. - Oversee and manage effectiveness of monitoring the macroeconomic environment and assess whether there are any events which may require action in order to protect or optimize the Company’s position or strategy - Ensuring that individuals accept and comply with the Information & cybersecurity policy, supporting standards and procedures when they are issued and updated. - Supervising the level of Cybersecurity Compliance with relevant national regulations requirements such as “SAMA, NCA” Show less - To lead and guide all Credit Risk (Retail & Corporate), Operation Risk, Market Risk, Information & Cybersecurity, and Legal related activities within BIDAYA to ensure risks managed per international best practices in line with relevant laws and regulations. - Lead and direct the development of the Risk Department strategy by consolidating different departmental strategies in line with BIDAYA’s strategy to ensure vertical alignment and horizontal integration with other interfacing… Show more - To lead and guide all Credit Risk (Retail & Corporate), Operation Risk, Market Risk, Information & Cybersecurity, and Legal related activities within BIDAYA to ensure risks managed per international best practices in line with relevant laws and regulations. - Lead and direct the development of the Risk Department strategy by consolidating different departmental strategies in line with BIDAYA’s strategy to ensure vertical alignment and horizontal integration with other interfacing Departmental strategies across BIDAYA - Monitor financial performance versus budget - Assess external economic conditions from a risk management point of view in order to keep the senior management team informed regarding the outlook as it applies to the company - Lead and guide review and interpretation of new and existing laws and regulations which affect the company’s business to ensure compliance - Design Risk Strategy Framework (RSF) describing the targeted Target Market List (TML), Basic Credit Lending Framework (BCLF), Risk Appetite Statement (RAS), Collection & Remedial Strategy (CRS), Fraud Strategy Framework (FSF), Market Risk Framework (MRF), ECL Strategy, and Delegation of Authority (DOA). - Ensure Risk and Control Self-Assessments (RCSA), for all operational risks, is conducted by all departments and risk registers completed for each department - Ensure applying a proposer Business Continuity Management Framework (BCM) upon SAMA guidelines and requirements. - Oversee and manage effectiveness of monitoring the macroeconomic environment and assess whether there are any events which may require action in order to protect or optimize the Company’s position or strategy - Ensuring that individuals accept and comply with the Information & cybersecurity policy, supporting standards and procedures when they are issued and updated. - Supervising the level of Cybersecurity Compliance with relevant national regulations requirements such as “SAMA, NCA” Show less
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Maksab Microfinance
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Egypt
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Financial Services
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1 - 100 Employee
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Chief Risk Officer
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Apr 2022 - Aug 2022
- Evaluating and contributing to the development of the company's strategic plans and aligning them with calculated risk through effective participation with senior management and board committees. - Aligning the strategy of the risk management function with the business strategy and the risk appetite to take calculated risks in order to spread and increase business. - Ensure effective management of operational risks within the risk management function and compliance with applicable… Show more - Evaluating and contributing to the development of the company's strategic plans and aligning them with calculated risk through effective participation with senior management and board committees. - Aligning the strategy of the risk management function with the business strategy and the risk appetite to take calculated risks in order to spread and increase business. - Ensure effective management of operational risks within the risk management function and compliance with applicable internal policies and external laws and regulations. - Lead by example and embed the company's values and code of conduct into the risk management function to drive adherence to the highest standards of ethics and compliance with relevant policies, processes and regulations among employees. - Develop and maintain the general framework for risk management for the company and supervise its effective implementation. - Conducting periodic assessment of risk profile and portfolio and maintaining alignment with risk appetite by re-balancing risks or controls that may be required in response to internal and external factors of the country. - Work on making predictions in stress testing and the relevant scenario program, Champion Challenging Scenarios, and reviewing the results and evaluating their effects on the company's business results. - Ensure the existence of effective management response plans to respond to the scenarios presented. - Implementation of the Operation Risk Framework - ORF - Develop, implement and oversee the Enterprise Risk Management Framework (ERMF) - Identifying, evaluating and ensuring appropriate handling of compliance risks - Ensure fully compliance with ERA regulations and act laws Show less - Evaluating and contributing to the development of the company's strategic plans and aligning them with calculated risk through effective participation with senior management and board committees. - Aligning the strategy of the risk management function with the business strategy and the risk appetite to take calculated risks in order to spread and increase business. - Ensure effective management of operational risks within the risk management function and compliance with applicable… Show more - Evaluating and contributing to the development of the company's strategic plans and aligning them with calculated risk through effective participation with senior management and board committees. - Aligning the strategy of the risk management function with the business strategy and the risk appetite to take calculated risks in order to spread and increase business. - Ensure effective management of operational risks within the risk management function and compliance with applicable internal policies and external laws and regulations. - Lead by example and embed the company's values and code of conduct into the risk management function to drive adherence to the highest standards of ethics and compliance with relevant policies, processes and regulations among employees. - Develop and maintain the general framework for risk management for the company and supervise its effective implementation. - Conducting periodic assessment of risk profile and portfolio and maintaining alignment with risk appetite by re-balancing risks or controls that may be required in response to internal and external factors of the country. - Work on making predictions in stress testing and the relevant scenario program, Champion Challenging Scenarios, and reviewing the results and evaluating their effects on the company's business results. - Ensure the existence of effective management response plans to respond to the scenarios presented. - Implementation of the Operation Risk Framework - ORF - Develop, implement and oversee the Enterprise Risk Management Framework (ERMF) - Identifying, evaluating and ensuring appropriate handling of compliance risks - Ensure fully compliance with ERA regulations and act laws Show less
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Emirates NBD
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United Arab Emirates
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Banking
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700 & Above Employee
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Head of Fundamental Credit Review (FCR)
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Nov 2019 - Jan 2022
Responsible for holistic independent Credit Review, with a focus on Wholesale and Retail Credit Cycle with a liaison between Internal Business Partners and constituents, the board, various regulatory agencies. close partnership and alignment to the various lines of business leaders, credit control, internal Audit and the Credit Risk approvers. Assesses the effectiveness of Credit Risk management and the ability of the Business and Independent Risk to identify, monitor and mitigate current… Show more Responsible for holistic independent Credit Review, with a focus on Wholesale and Retail Credit Cycle with a liaison between Internal Business Partners and constituents, the board, various regulatory agencies. close partnership and alignment to the various lines of business leaders, credit control, internal Audit and the Credit Risk approvers. Assesses the effectiveness of Credit Risk management and the ability of the Business and Independent Risk to identify, monitor and mitigate current and emerging credit risks across the bank.
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Head of Retail Risk
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Jul 2016 - Nov 2019
Deliver and lead the Country Retail Business / Risk Strategy Framework to serve all existing and prospect customers' relations for both acquisitions and relations. Lead the Retail Risk Management for Retail Banking and Priority, Retail Business Banking & Mortgage. Oversight & Control of all Bank’s Retail, Retail Business Banking & Mortgage activities. Take responsibility and work with Group Executive Management to manage the retail portfolio to maximize value of existing customer… Show more Deliver and lead the Country Retail Business / Risk Strategy Framework to serve all existing and prospect customers' relations for both acquisitions and relations. Lead the Retail Risk Management for Retail Banking and Priority, Retail Business Banking & Mortgage. Oversight & Control of all Bank’s Retail, Retail Business Banking & Mortgage activities. Take responsibility and work with Group Executive Management to manage the retail portfolio to maximize value of existing customer relationships and bank profits. Deliver and Lead the Retail Automation Projects. Drive behavioral change with Retail Risk teams and Retail front line staff responsible of selling credit products to achieve a sales/service culture across the Retail market segment leaded to increase the portfolio y-o-y on average 20%+ within the budgeted values for both sales' sourcing & cost of risk. Sanction all customers appeals that may require management override. Guide and support Branches and Retail Lending Businesses. Build a Management information base and use it to provide the business with information for decision making and policy matters.
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Barclays
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United Kingdom
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Financial Services
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700 & Above Employee
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Head of Retail Risk
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Nov 2015 - Jul 2016
Take responsibility to manage the retail credit portfolio to maximize business value of existing customer relationships through proactive management of credit line and cross-sell opportunity. Input on the formulation of the scorecard for Barclay-loan, Credit card and any other retail scorecard to be developed for better business sourcing. Evaluate the performance of champion/challenger strategies designed to maximize business value through manipulation of credit limits, authorization… Show more Take responsibility to manage the retail credit portfolio to maximize business value of existing customer relationships through proactive management of credit line and cross-sell opportunity. Input on the formulation of the scorecard for Barclay-loan, Credit card and any other retail scorecard to be developed for better business sourcing. Evaluate the performance of champion/challenger strategies designed to maximize business value through manipulation of credit limits, authorization control and risk-based pricing. Build a Management information base and use it to provide the business with information for decision making and policy matters. Explore new improved and alternative ways of doing business, transfer the know-how to others. Show less Take responsibility to manage the retail credit portfolio to maximize business value of existing customer relationships through proactive management of credit line and cross-sell opportunity. Input on the formulation of the scorecard for Barclay-loan, Credit card and any other retail scorecard to be developed for better business sourcing. Evaluate the performance of champion/challenger strategies designed to maximize business value through manipulation of credit limits, authorization… Show more Take responsibility to manage the retail credit portfolio to maximize business value of existing customer relationships through proactive management of credit line and cross-sell opportunity. Input on the formulation of the scorecard for Barclay-loan, Credit card and any other retail scorecard to be developed for better business sourcing. Evaluate the performance of champion/challenger strategies designed to maximize business value through manipulation of credit limits, authorization control and risk-based pricing. Build a Management information base and use it to provide the business with information for decision making and policy matters. Explore new improved and alternative ways of doing business, transfer the know-how to others. Show less
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Citi
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United States
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Financial Services
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700 & Above Employee
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Country Consumer Risk Head
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Feb 2014 - Nov 2015
Approving the portfolio ENR growth and loss plans as well as reforecasts, while working closely with Country Business Manager and Chief Financial Officer. Working closely with Treasury in identifying and managing funding / gaping as well as price risk due to asset / liabilities positions to support business plans. Achieve a well-organized credit process within Retail Risk Department to adhere with Governance, Risk Strategy & Policy, Risk Approval & Controls, Risk Analysis & Decision, Risk… Show more Approving the portfolio ENR growth and loss plans as well as reforecasts, while working closely with Country Business Manager and Chief Financial Officer. Working closely with Treasury in identifying and managing funding / gaping as well as price risk due to asset / liabilities positions to support business plans. Achieve a well-organized credit process within Retail Risk Department to adhere with Governance, Risk Strategy & Policy, Risk Approval & Controls, Risk Analysis & Decision, Risk Measurement, Risk Mitigation, Risk Monitoring / Escalation / Resolution & Risk Reporting (BASEL / CCAR). Maintaining strong Risk appetite framework by increasing PIL RAR from negative value to cross the targeted hurdle and save Cards RAR driven. Enhancing country consumer EBIT from losses / break-even in to tangible profits. ROTA for PIL & Cards increased to read the targets as per RAF. Show less Approving the portfolio ENR growth and loss plans as well as reforecasts, while working closely with Country Business Manager and Chief Financial Officer. Working closely with Treasury in identifying and managing funding / gaping as well as price risk due to asset / liabilities positions to support business plans. Achieve a well-organized credit process within Retail Risk Department to adhere with Governance, Risk Strategy & Policy, Risk Approval & Controls, Risk Analysis & Decision, Risk… Show more Approving the portfolio ENR growth and loss plans as well as reforecasts, while working closely with Country Business Manager and Chief Financial Officer. Working closely with Treasury in identifying and managing funding / gaping as well as price risk due to asset / liabilities positions to support business plans. Achieve a well-organized credit process within Retail Risk Department to adhere with Governance, Risk Strategy & Policy, Risk Approval & Controls, Risk Analysis & Decision, Risk Measurement, Risk Mitigation, Risk Monitoring / Escalation / Resolution & Risk Reporting (BASEL / CCAR). Maintaining strong Risk appetite framework by increasing PIL RAR from negative value to cross the targeted hurdle and save Cards RAR driven. Enhancing country consumer EBIT from losses / break-even in to tangible profits. ROTA for PIL & Cards increased to read the targets as per RAF. Show less
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Credit Agricole Egypt
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Banking
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700 & Above Employee
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Head of Retail Risk
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Apr 2011 - Feb 2014
Build a new Retail Risk Org Chart to be alignment with Risk and Basel II requirements. Ensure a smooth credit process in terms of TAT 'Turn-Around-Time' & CSC “Customers’ Service Commitment. Use MIS to identify areas within the credit portfolios with high risks as well as the trends of delinquencies, CoR and NCL. launch for new credit CRM “Customer Relation Management” deployment among create a new automatic and digital credit decision flow with no human interference in business rules… Show more Build a new Retail Risk Org Chart to be alignment with Risk and Basel II requirements. Ensure a smooth credit process in terms of TAT 'Turn-Around-Time' & CSC “Customers’ Service Commitment. Use MIS to identify areas within the credit portfolios with high risks as well as the trends of delinquencies, CoR and NCL. launch for new credit CRM “Customer Relation Management” deployment among create a new automatic and digital credit decision flow with no human interference in business rules assessment and no paper work. Develop all the existing Risk activities and convert it to the automation processes related to MIS reporting, Credit Scoring, Credit assessment, Cards monitoring via VRM “Visa Risk Management” and Policy review. Show less Build a new Retail Risk Org Chart to be alignment with Risk and Basel II requirements. Ensure a smooth credit process in terms of TAT 'Turn-Around-Time' & CSC “Customers’ Service Commitment. Use MIS to identify areas within the credit portfolios with high risks as well as the trends of delinquencies, CoR and NCL. launch for new credit CRM “Customer Relation Management” deployment among create a new automatic and digital credit decision flow with no human interference in business rules… Show more Build a new Retail Risk Org Chart to be alignment with Risk and Basel II requirements. Ensure a smooth credit process in terms of TAT 'Turn-Around-Time' & CSC “Customers’ Service Commitment. Use MIS to identify areas within the credit portfolios with high risks as well as the trends of delinquencies, CoR and NCL. launch for new credit CRM “Customer Relation Management” deployment among create a new automatic and digital credit decision flow with no human interference in business rules assessment and no paper work. Develop all the existing Risk activities and convert it to the automation processes related to MIS reporting, Credit Scoring, Credit assessment, Cards monitoring via VRM “Visa Risk Management” and Policy review. Show less
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Banque du Caire
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Egypt
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Banking
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700 & Above Employee
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Retail Credit Head
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Sep 2009 - Mar 2011
Establishing the Centralization processes of the Retail Credit activity to cover all retail products within 4 main regions departments to serve all the businesses across the country geographic. Implementing the Digital Loan Origination system and workflow management. Establishing the Centralization processes of the Retail Credit activity to cover all retail products within 4 main regions departments to serve all the businesses across the country geographic. Implementing the Digital Loan Origination system and workflow management.
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Bank Audi
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Lebanon
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Banking
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700 & Above Employee
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Retail Credit Senior Manager
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Feb 2007 - Sep 2009
Process the underwriting of the applications within the assigned limit and as per the Delegation of Authority through proper controlling tools and measurements and delegating staff. Contribute in preparing the marketing plan for all assets products. Establishing, reviewing and developing all the credit initiation cycle processes. Review and present the special offers requested by the direct sales force/ branches /product development to the higher approval authority (Retail credit… Show more Process the underwriting of the applications within the assigned limit and as per the Delegation of Authority through proper controlling tools and measurements and delegating staff. Contribute in preparing the marketing plan for all assets products. Establishing, reviewing and developing all the credit initiation cycle processes. Review and present the special offers requested by the direct sales force/ branches /product development to the higher approval authority (Retail credit committee). Show less Process the underwriting of the applications within the assigned limit and as per the Delegation of Authority through proper controlling tools and measurements and delegating staff. Contribute in preparing the marketing plan for all assets products. Establishing, reviewing and developing all the credit initiation cycle processes. Review and present the special offers requested by the direct sales force/ branches /product development to the higher approval authority (Retail credit… Show more Process the underwriting of the applications within the assigned limit and as per the Delegation of Authority through proper controlling tools and measurements and delegating staff. Contribute in preparing the marketing plan for all assets products. Establishing, reviewing and developing all the credit initiation cycle processes. Review and present the special offers requested by the direct sales force/ branches /product development to the higher approval authority (Retail credit committee). Show less
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Arab Bank
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Jordan
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Banking
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700 & Above Employee
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Retail Credit Supervisor
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Aug 2003 - Feb 2007
Reviewing each year all the lending criteria to prepare yearly update to fit the bank target market. Launching new products to meet the market needs and compete well. Securing personal loans portfolio by controlling the insurance coverage. Reviewing each year all the lending criteria to prepare yearly update to fit the bank target market. Launching new products to meet the market needs and compete well. Securing personal loans portfolio by controlling the insurance coverage.
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Banque Misr
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Egypt
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Banking
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700 & Above Employee
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Relationship Manager
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Aug 1998 - Aug 2003
Managing and handling different accounts relationships. Carrying out the proper studies, analysis and processing of commercial credit permitted requests in conformity within Bank’s Policy and criteria. Managing and handling different accounts relationships. Carrying out the proper studies, analysis and processing of commercial credit permitted requests in conformity within Bank’s Policy and criteria.
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Education
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1994 - 1997
Ain Shams University
Bachelor of Business Administration (B.B.A.), Accounting
Community
