NEW YORK, March 17, 2022 /PRNewswire-PRWeb/ -- Wahed, a fintech company that aims to advance financial inclusion through accessible, affordable, and values-based investing, announced the creation of a Risk and Audit Department, which will be headed by risk veteran and General Manager of Wahed's UK operations, Umer Suleman.
Suleman has a wealth of experience and a proven track record of over 15 years of regulatory, risk, and strategy consultancy roles. During his seven years at HSBC, he oversaw the risk management and expansion of the bank from 9 countries to 25 in just one year, ensuring that all locations adopted the Global Standards of Financial Crime Compliance.
In his new role, Suleman's responsibilities will include managing Wahed's risks, deploying appropriate risk-transfer strategies, and working with the Compliance Department on international regulations and financial policies.
"Creating a dedicated risk function is a strong indication of growth and sophistication, as Wahed manages the complex and often interconnected risk parameters of its various operations across different jurisdictions," said Musa Abdul-Basser, Chief Legal Officer & Global General Counsel at Wahed. "With Umer's qualifications and experience, he was the natural choice to head our risk operations."
As Chief Control Officer and Chief Risk Officer for various global organizations, Suleman implemented fit-for-purpose risk frameworks throughout his career in traditional and digital financial services. He has also earned qualifications at postgraduate level in governance, risk, and compliance. This experience, coupled with his commitment to lead an ethically-focused fintech, makes him an ideal leader for this critical role.
"I look forward to leading this new team and implementing a '3 Lines of Defence' risk management model that provides structure around internal controls and compliance. It's important that this structure reflects the global nature of our business today but can also be adapted as we continue to scale. We need to have flexibility in the way we manage our risks to reflect the changing nature of the organizational environment and diversity of users, without compromising on our key risks." said Umer Suleman, Global Risk and Audit Department Head at Wahed.
About Wahed Inc.
Launched in 2017, Wahed is a leading financial investment platform that improves financial inclusion through accessible and affordable investing. Wahed has made significant in-roads in the world of ethical and halal investing, creating an easy-to-use digital platform with free portfolio recommendations and simple fees. Available through its website or one seamless mobile app, Wahed's services have already attracted over 250,000 customers in the US, UK, Malaysia and beyond.
Licensed in nine countries around the globe, Wahed is backed by renowned investors and advisors, helping them make wealth management more equal, pure and fair.
For more information on how Wahed is changing the world of finance for the better, visit: https://wahedinvest.com/
Media Contact
Kyle Austin, BMV for Wahed, 6175640446, [email protected]
SOURCE Wahed
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