Jamal Mercan
Burlington,Canada
Summary
Risk Management and Internal Audit expert with extensive experience orchestrating complex projects and audits within operational and enterprise risk management frameworks, including risk appetite, stress testing, risk identification, risk reporting, risk culture, risk governance, and risk transformation in financial services sector.
Overview
16
16
years of professional experience
Work History
Stress Testing Transformation Group Manager
Citibank
Mississauga, Ontario
01.2024 - Current
- Developed comprehensive understanding of Target State and Outcomes for Stress Testing Book of Work.
- Conducted proactive risk management, implementing actionable mitigation strategies.
- Collaborated with Program Leads to identify and escalate program constraints affecting outcomes.
- Coordinated scoping documentation detailing work associated with Stress Testing Regulatory Commitment.
- Supported gap closure activities identified through assessments of Risk Management Policies and Framework.
VP, Audit Manager
CITIBANK CANADA
Mississauga, Canada
06.2022 - Current
- Lead wholesale credit risk issue closure projects. Effectively lead audit teams and communicated with stakeholders through solid knowledge and experience in wholesale credit risk management
- Managed teams of Internal Audit professionals that delivers audit reports, in accordance with Internal Audit and regulatory standards
- Collaborated with teams across the business and determined impact on the overall control environment and audit approach
- Effectively communicated to influence a wide range of internal audiences
Senior Audit Manager
CIBC
Toronto, Canada
09.2020 - 06.2022
- Lead and participate in a range of global credit risk audits, including audit planning, execution, issue closure and audit reporting.
- Led complex and bank-wide special audit projects such as Risk Management Governance and Culture Audit, Reputation Risk Audit, and ICAAP Audit
- Developed strong internal and external relationships through ongoing communication on the progress of engagements and providing advice on risk, control and regulatory matters
- Reviewed effectiveness of risk management frameworks&policies and assess their alignment with the applicable regulations
- Assessed effectiveness of governance aspect of key Board and Senior Management Risk Committees
- Reviewed key risk management processes including Risk Identification, Risk Appetite Statement and Risk Reporting
- Took leadership roles in quarterly business update, deficiency closure, and annual planning activities
- Acted as a subject matter expert for CIBC's Internal Audit pertaining to emerging risks such as Risk Culture, Reputation Risk
Audit Manager
CIBC
Toronto, Canada
02.2019 - 09.2020
- Managed/implemented the execution of the audit plan and ensured effective audit practices for traditional and continuous audits
- Provided trusted and proactive advice to the audit team and business management on the design and operating effectiveness of controls to ensure key risks and regulatory requirements relevant to the portfolio are being adequately managed
Internal Audit Associate
STREET CAPITAL BANK OF CANADA
Toronto, Canada
04.2018 - 02.2019
- Participated in the audit project planning and execution
- Assisted with the formulation and development of engagement planning for the scheduled audit projects
- Assessed the key risks, control objectives, and control activities on assigned audit projects
- Assisted with the documentation of test procedures for each of the control activities to be tested
- Participated in end-to-end walkthroughs to assess the design effectiveness of key control activities
- Performed test plans to evaluate the operating effectiveness of control activities
- Prepared working paper documentation and completed audit engagements in accordance with the Audit Standards
- Assisted in the identification, assessment and documentation of the root causes of risk management control weaknesses identified
- Tested outstanding audit findings to assess timeliness and appropriateness of actions taken by management
Senior Bank Supervisor
BANKING REGULATION AND SUPERVISION AGENCY
Istanbul, Turkey
04.2013 - 06.2017
- Leadership: Led supervision teams of two prominent banks in Turkey, each team with up to 5 people; conducted risk based-supervision within Basel framework, evaluated their compliance level with local regulations and international standards, did their confidential rating analyses.
- Financial Analysis: Analyzed financial strength and soundness of prominent banks with asset size over $30 billion; prepared trend and peer group analysis of key metrics and ratios; evaluated quality of corporate, small business and consumer loan portfolios.
- Wholesale Credit Risk: Analyzed financials, key metrics and debt repayment capacity of companies including top 500 firms in Turkey; gathered hands-on experience on local and global trends in a wide range of sectors.
- Business Impact: Directly contributed to 'Islamic Finance Act' draft in the context of alignment with Basel framework and current Banking law and regulations.
Bank Supervisor
BANKING REGULATION AND SUPERVISION AGENCY
Istanbul, Turkey
01.2010 - 04.2013
- Teamwork: Participated in supervision team responsible for assessing activities of major banks in Turkey and proposed numerous precautionary actions; Participated in supervision team evaluating asset-management companies, identified major problems of sector and proposed solution.
- Financial Audit: Controlled financial statements of banks on the basis of local accounting directives and IFRS principles; verified valuations of assets and liabilities; identified impaired assets.
- Risk Management: Evaluated enterprise risk structure of banks on the basis of different risk types (i.e. credit, liquidity, operational, market) analyzed how these risks were identified, monitored and mitigated.
- Compliance Analysis: Conducted supervisions and prepared reports on alignment with anti-money laundering (AML) legislation framework in supervised banks.
- Corporate Governance: Assessed competency of internal control and audit mechanisms within the context of local regulations and international standards in supervised banks, recommended necessary improvements.
Education
Master of Business Administration - Toronto, Ontario
YORK UNIVERSITY, Schulich School of Business
Toronto, Ontario04.2019
Bachelor of Arts - Economics
BOGAZICI UNIVERSITY
Istanbul, Turkey02.2008
Skills
- Microsoft Office
- Regulatory compliance
- Risk management
- Audit planning
- Stress testing
- Stakeholder engagement
- Project management
- Team leadership
- Effective communication
Timeline
Stress Testing Transformation Group Manager
Citibank
01.2024 - Current
VP, Audit Manager
CITIBANK CANADA
06.2022 - Current
Senior Audit Manager
CIBC
09.2020 - 06.2022
Audit Manager
CIBC
02.2019 - 09.2020
Internal Audit Associate
STREET CAPITAL BANK OF CANADA
04.2018 - 02.2019
Senior Bank Supervisor
BANKING REGULATION AND SUPERVISION AGENCY
04.2013 - 06.2017
Bank Supervisor
BANKING REGULATION AND SUPERVISION AGENCY
01.2010 - 04.2013
Master of Business Administration - Toronto, Ontario
YORK UNIVERSITY, Schulich School of Business
Bachelor of Arts - Economics
BOGAZICI UNIVERSITY