Muhammad Danish
Risk Management
Riyadh
Summary of Career
1. Development, tuning up and validating the Value at Risk margin models and stress testing models
2. Ensuring that the margin requirements commensurate with the risks, address pro-cyclicality, avoid concentration, and provide adequate coverage in conformity with international benchmarks.
3. Monitoring Market maker’s Exposure limits and liquidity position
4. Provide risk disclosures to New Market makers - Strengthening the internal controls along with development of associated policies
5. Responsible for preparing documents for Risk Committee
6. Overseeing the tasks performed by Analysts
7. Assisting Chief Risk Officer in monitoring of COSO-Enterprise Risk Management framework implemented at the exchange
8. Continuous monitoring of potential events and market data to gauge the impact on risk controls implemented over the exchange
9. Research and implementation of international best practices related to quantitative models for assessing risk
10. • Develop internal reports and dash boards to communicate daily market activity to management
Experience as Consultant
Ehata Financial Company
13 November 2022
To date
• Using quantitative and structuring methods, assisting the firm in providing the effective risk management analysis
• Providing analytical skills and being involved in mathematical modelling, including the contribution to the development and implementation of pricing /valuation, risk quantification, and risk mitigation models.
Experience as Deputy Manager - Risk & Market Surveillance
Pakistan Mercantile Exchange Limited
01 July 2020
08 September 2022
• Development, tuning up and validating the Value at Risk margin models and stress testing models
• Ensuring that the margin requirements commensurate with the risks, address pro-cyclicality and provide adequate coverage in conformity with international benchmarks.
• Assisting Chief Risk Officer in monitoring of COSO-Enterprise Risk Management framework implemented at the exchange
• Monitoring Market maker’s Exposure limits and liquidity position and providing risk disclosures to New Market makers
• Performing User Acceptance Testing (UAT) of new functionalities developed related to risk and market surveillance
• Documentation of models being used for risk management along with development of associated policies
• Responsible for preparing documents and presentations for Risk Committee
• Overseeing the tasks performed by Analysts
Experience as Risk Analyst
Pakistan Mercantile Exchange Limited
16 November 2015
30 June 2017
• Daily computation of VaR based commodity margins along with back testing
• Validate risk models including Brokers and Market Makers stress test model along with market maker exposure limit assessment
• Analyse abnormal trading patterns of potential clients to investigate market manipulation
• Facilitating the Manager on quantitative analysis and share insights to refine overall risk management controls against processes
• Provide Analytical support to Business teams and generate actionable recommendations for reporting. This includes broker volume and trading analysis based on market forecasts and scenario analysis.
• Provide data analytics and assistance in the preparation of PMEX’s daily commodity round-up report, among other daily reports on trading activities
• Perform daily pricing for mark to market for future contracts
Experience as Officer Risk & Market Surveillance
Pakistan Mercantile Exchange Limited
01 July 2017
30 June 2018
• Daily computation of VaR based commodity margins along with back testing
• Validate risk models including Brokers and Market Makers stress test model along with exposure limit assessment
• Facilitating the Manager on quantitative analysis and share insights to refine overall risk management controls against processes.
• Providing data analytics and assistance in the preparation of PMEX’s daily commodity round-up report, among other daily reports on trading activities
• Monitoring international news and upcoming data which may affect commodity prices and market exposures
• Analyse price and volume data to detect (e.g.) unusual price movements, market congestion, or unusual volume activity, which could be indicative of underlying problems in the market
• Develop internal reports and dash boards to communicate daily market activity to management
Experience as Senior Officer Risk & Market Surveillance
Pakistan Mercantile Exchange Limited
01 July 2018
30 June 2019
• Carrying out development, implementation and validation of Value at Risk models
• Executing credit and default risk assessment using stress testing and scenario analysis whereby gauging the adequacy of default fund
• Assessing credit risks associated with market maker by incorporating stress testing, reverse stress testing and scenarios analysis
• Assisting Chief Risk Officer in monitoring of COSO-Enterprise Risk Management framework implemented at the exchange
• Continuous monitoring of potential events and market data to gauge the impact on risk controls implemented over the exchange
• Research and implementation of international best practices related to quantitative models for assessing risk
• Documentation of models being used for risk management along with development of associated policies
• Overseeing the tasks performed by Analysts
Experience as Assistant Manager Risk & Market Surveillance
Pakistan Mercantile Exchange Limited
01 July 2019
30 June 2020
• Development, tuning up and validating the Value at Risk margin models and stress testing models
• Ensuring that the margin requirements commensurate with the risks, address pro-cyclicality, avoid concentration, and provide adequate coverage in conformity with international benchmarks.
• Monitoring Market maker’s Exposure limits and liquidity position
• Provide risk disclosures to New Market makers - Strengthening the internal controls along with development of associated policies
• Responsible for preparing documents for Risk Committee
• Overseeing the tasks performed by Analysts
Bachelor 31 December 2014
B.S. Actuarial Sciences and Risk ManagementIntermediate 02 August 2010
Intermediate in Pre-EngineeringOther 03 January 2019
Financial Risk Manager (FRM) Global Association of Risk Professionals http://my.garp.org/DigitalBadgeFRM?id=0034000001pCtEdAAK