Chasing the new
Shahab Syed has an appetite for new developments. So nothing could have suited him more than his work shaping the fledgling operational risk discipline, or setting up an operational risk framework at his current firm, the Arab Banking Corporation. He talks to Wietske Blees
When Shahab Syed decided to join Arab Banking Corporation (ABC) in 2005 to set up an operational risk management function from scratch, he had no misconceptions about the task ahead. What management of operational risk had previously existed had centred primarily on periodic evaluation of controls by the bank's audit division, quite different from operational risk management methodology as we know
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