Rustom Abu Ghazaleh

Dynamic Compliance Manager with extensive experience at Redstone Federal Credit Union, excelling in regulatory compliance oversight and risk assessments. Proven track record in developing robust compliance programs and conducting thorough audits, fostering a culture of integrity and quality control. Strong investigative skills enhance the ability to mitigate risks effectively.

1. Developing and Implementing Compliance Programs:

• Result: Developed and implemented a new risk-based compliance framework, resulting in a 30% reduction in regulatory violations within the first year.
• Action: Led the creation of a comprehensive compliance program, including policies, procedures, and internal controls, leading to a 60% reduction in regulatory breaches for a financial company.

2. Improving Efficiency and Effectiveness of Compliance Processes:

• Result: Streamlined the internal audit process, leading to a 20% increase in efficiency and accuracy.
• Action: Implemented new compliance protocols that improved adherence to research guidelines by 30%, resulting in fewer incidents of non-compliance.
• Result: Reduced the time needed to accurately budget and forecast for compliance, creating opportunities for strategic analysis and collaboration.
• Action: Managed cross-functional project teams to implement a new GRC tool, resulting in a 20% increase in process efficiency.

3. Strengthening Risk Management and Mitigation:

• Result: Identified and mitigated 15 critical regulatory risks previously unrecognized, leading to a 15% reduction in legal exposure.
• Action: Instituted an effective Risk Management program that reduced the number of customer complaints by 30%.
• Result: Developed advanced risk assessment techniques and implemented a risk assessment framework that identified key vulnerabilities, informing strategic decision-making processes.
• Action: Architected climate risk stress testing methodology adopted by executive leadership, quantifying $230M in potential exposure.

4. Enhancing Compliance Training and Culture:

Compliance Managers can enhance training programs and foster a culture of compliance through various actions. Accomplishments include developing and delivering training that increases awareness and reduces violations, such as training over 200 faculty and staff on research compliance, resulting in a 15% reduction in violations. Partnering with HR to achieve a 100% completion rate for a company-wide Code of Conduct training is another example. Enhancing the training curriculum for numerous staff members can also significantly increase regulatory awareness and reduce violations. Leading intensive employee training sessions can ensure a high adoption rate of new legal guidelines.

5. Successful Audits and Regulatory Compliance:

Ensuring successful audits with no penalties or legal issues is a key accomplishment. Successfully passing multiple consecutive regulatory audits with zero non-compliance instances is a strong indicator of effectiveness. Conducting comprehensive compliance audits that lead to a reduction in non-compliance issues is also a significant achievement. Managing compliance efforts across different business lines to ensure adherence to regulations and policies and avoid major issues during audits is another valuable contribution.

6. Utilizing Technology and Innovation:

Implementing new compliance management systems to improve operational efficiency is a notable accomplishment. Automating compliance monitoring tools can significantly reduce manual tasks and allow for real-time issue detection. Utilizing advanced analytics tools to increase compliance reporting efficiency is another way to leverage technology. Implementing automated compliance tracking systems can also improve reporting efficiency.