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Dr. NIZAM SHAH BIN ALLABASC

SHAH ALAM, Malaysia

Disciplined and persistent, PhD holder in Operational Risk Management, senior Chartered Accountant & Chartered Secretary with over 20 years of professional experience in monetary industry, a background in regulatory compliance and risk management growing in corporate business revenue. Executed a lean training project that led to organisation compliance. Also, conducted in-depth business process analyses that increased organisation revenue. An ASEAN Chartered Professional Accountants (ASEAN CPA) license holder by ASEAN Chartered Professional Accountants Coordination Committee (ACPACC) from Jakarta, Indonesia and International Certified Black Belt (ICBB) Belt from International Association for Six Sigma Certification from United States. Multi-disciplined professional with countrywide background in Corporate, Conventional, Islamic Banking and Finance, FinTech with in-depth specialisation in areas of corporate governance, risk management, audit findings, business processes and further more.

Available For: Advising, Authoring, Consulting, Influencing, Speaking
Travels From: SHAH ALAM
Speaking Topics: Compliance, Governance, Risk Management, Accountancy, Banking, FinTech, Operational Risks Management

Dr. NIZAM SHAH BIN ALLABASC Points
Academic 43
Author 10
Influencer 0
Speaker 1
Entrepreneur 0
Total 54

Points based upon Thinkers360 patent-pending algorithm.

Thought Leader Profile

Portfolio Mix

Company Information

Areas of Expertise

Analytics
Business Continuity 33.71
Business Strategy 30.77
Change Management
CSR
Digital Transformation
FinTech
International Relations 30.78
Management 30.20
Project Management
Risk Management 36.19
Sustainability
Entrepreneurship 30.07
Leadership 30.02

Industry Experience

Financial Services & Banking
Higher Education & Research
Other
Professional Services

Publications

1 Academic Citation
Global Regulators Assessments on Operational Risk Management, International Fines and Sanctions Violations
IKSP Journal of Business and Economics
February 01, 2021
This study proposes to examine and review the responses from international regulators in relation to operational risk management. This review also seeks to measure the effect management support has in influencing and improving these four outcomes, namely; the safety of assets and infrastructure, customer satisfaction, cost reduction and employee performance. Further, it examines the record-breaking fines imposed on banking and financial institutions by global regulators, especially with regard to cases of fines for Anti-Money Laundering (AML) and sanctions violations, and considers recent operational risk loss events that have occurred on a global scale. In addition, certain issues identified in this study were valid enough to disclose a major moral hazard risk and operational risk implication to global banking and financial institutions. The results obtained from this study are pertinent owing to the operational loss and the reputational risks faced by nations in general and financial institutions in particular.

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Tags: International Relations, Management, Risk Management

2 Academic Fellow / Scholars
International Moral Hazard Risks Management in Monetary Institutions
IKSP Journal of Business and Economics
February 01, 2021
This study observes the moral hazard risk influences by main financial continents for global monetary industry. Most of the risks are due to natural causes but the moral hazard risk is not due to nature but it occurs because of failure of human value system. The fines imposed on the banks are highlighted by regions. The Anti Money Laundering (AML) and Know-Your-Customer (KYC) is fully controlled and the sanctions fines could be prevented if appropriate mechanism and permanent controls applied, like standard operating procedures, systems and employees involved in processing. The consequences of the money laundering are severe as it not only destroys the local economy but also affects the host economy in the form of financing illegal activities and counter financing of terrorism related activities. The regulators are to be more stringent in policy implementation to prevent these AML activities. The fines imposed on the financial institutions and growing nature of fines and sanctions indicate the severity of the problem in recent times. To reduce this risk, moral and religious education is the way to prevent this moral hazard risk together with adequate regulatory policies, controls and procedures, then to monitor the execution of those regulatory policies and to take essential actions to improved procedures to mitigate and manage the hazards.

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Tags: Business Continuity, Business Strategy, Risk Management

Regulators Reviews On Operational Risk Management, Global Fines And Sanctions Violations
Social Sciences Postgraduate International Seminar (SSPIS) 2019. School of Social Sciences, USM, Pulau Pinang, Malaysia
December 04, 2019

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Tags: Risk Management

1 Analyst Report
Global Moral Hazard Risk Management And Prevention In Banking And Financial Institutions
Social Sciences Postgraduate International Seminar (SSPIS) 2019. School of Social Sciences, USM, Pulau Pinang, Malaysia
December 04, 2019
This study examines the moral hazard risk impacts by main financial continents for global monetary industry. Most of the risks are due to natural causes but the moral hazard risk is not due to nature but it occurs because of failure of human value system. The fines imposed on the banks are highlighted by regions. The AML and KYC is fully controlled and the sanctions fines could be prevented if appropriate mechanism and permanent controls applied, like standard operating procedures, systems and employees involved in processing. The consequences of the money laundering are severe as it not only destroys the local economy but also affects the host economy in the form of financing illegal activities and counter financing of terrorism related activities. The regulators are to be more stringent in policy implementation to prevent these AML activities. The fines imposed on the financial institutions and growing nature of fines and sanctions indicate the severity of the problem in recent times. To reduce this risk, moral and religious education is the way to prevent this moral hazard risk together with adequate regulatory policies, controls and procedures, then to monitor the execution of those regulatory policies and to take essential actions to improved procedures to mitigate and manage the hazards.

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Tags: Risk Management, Education

1 Panel
​Basic Recording & Organising ​ Finance Data for SME (Small Medium Enterprise)
MIMCON: Business and Networking;​ ​
October 13, 2022
Record keeping in SMEs must be made mandatory to improve your accounting practices and increase chances of formalising your business operations.​

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Tags: Entrepreneurship, Leadership, Management

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Dr. NIZAM SHAH BIN ALLABASC