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RiskMinds International
18 - 21 November 2024
InterContinental O2London

Yaser Allaf
Chief Governance, Risk and Control Officer at Tawuniya Insurance


Engineer Yaser Allaf is an accomplished professional with over 25 years of experience across various sectors of the KSA financial services industry, specializing in risk management and corporate governance. His career reflects a commitment to excellence and innovation in these fields.

Yaser's most recent role as the Chief Governance, Risk, and Control Officer at Tawuniva Insurance underscores his ability to drive change and establish best practices in the ever-evolving Middle East and North Africa insurance landscape. At Tawuniva, he spearheaded the setup of the GRC (Governance, Risk, and Control) sector, focusing on expanding the organization's core insurance business and pioneering numerous regional and industry-first initiatives. Yaser's leadership has resulted in the development of a robust governance framework and a fit-for-purpose Risk Management Framework, contributing to an effective control environment for managing the organization's risk landscape.

In addition to his role at Tawuniva, Yaser serves as a Board Audit Committee Member at SISCO Group, where he leverages his extensive expertise to enhance the organization's oversight and accountability.

During his tenure with The Saudi National Bank (SNB), Yaser achieved significant milestones by establishing an independent and industry-leading Treasury Risk Management division. His leadership was instrumental in effectively managing risks associated with treasury activities, covering investment, market, liquidity, and ALM risk. Yaser's strategic vision and implementation prowess led to the development and execution of long-term risk management strategies.

Yaser also held the position of Risk Management Director at Abdul Latif Jameel Group, where he played a crucial role in building a self-sustaining Risk Management department. He meticulously staffed the department with top-level talent and oversaw the development and implementation of a universal credit scoring model. Yaser's responsibilities also included credit policy oversight and the establishment of an enterprise risk management framework and infrastructure.

Throughout his career, Yaser has consistently demonstrated an unwavering commitment to excellence and a remarkable ability to foster a culture of risk awareness. He has provided invaluable strategic and tactical support to internal stakeholders and Boards of Directors, ensuring compliance with regulatory standards, and effectively managing risk portfolios. Yaser Allaf's outstanding achievements and unwavering dedication have solidified his reputation as a respected leader in the field of risk management.