About Abhishek
Dr. Abhishek Jajoo is a visionary and passionate tax practitioner, risk management expert, and FinTech & ESG enthusiast based in Dubai, United Arab Emirates. As the founder and CEO of AJMS Global, Dr. Abhishek brings a wealth of experience and expertise to the financial industry.
With a strong background in IFRS, financial crime compliance, and risk management, Dr. Abhishek has played a key role in the success and growth of AJMS Global. Despite the challenges posed by the COVID-19 pandemic, Dr. Abhishek expanded the business into new markets in the CIS and MENA region and established new offices in DIFC and Abu Dhabi. His efforts have strengthened AJMS Global’s position in terms of size, clients, business volume, geographical footprint, and recognition within the government and industry.
Recognized as one of the 10 most innovative business leaders in the UAE in 2020, Dr. Abhishek has received accolades for his contributions to raising awareness about AML/CFT through webinars conducted by Dubai Economy. His commitment to making a difference is evident in his work and achievements.
Outside of his professional endeavors, Dr. Abhishek is a keen traveler with a passion for sports, theatre, and TV. He believes in sharing knowledge with the community and regularly participates in webinars covering important industry topics, engaging with a wide audience of over 2000 participants.
Dr. Abhishek’s core values of capability, confidence, and commitment shine through in his work and interactions. With a track record of success and a dedication to excellence, he continues to drive innovation and growth in the financial sector. His leadership at AJMS Global exemplifies his ability to overcome challenges and deliver results, making him a respected figure in the industry.
- Developed a comprehensive risk management framework including setting up a Risk management department and working closely on the computation of various material risks including credit, market, and liquidity risk for a leading investment bank in Kuwait.
- Developed and implemented market risk framework and measurement models for IFRS 9 for Finance Institutions and Insurance companies
- Developed/ revised the key policies/charter/framework for ABK as part of the overall Corporate Governance framework including Board Committee Charters, CG Policy, Disclosure Policy, Remuneration Policy, Conflict of Interest & RPT policy, Stakeholder Protection Policy, etc.
- Developed the Liquidity & Leverage Ratio Framework for ABK
- Implemented IFRS 15 across various Insurance companies in UAE, Bahrain, and Oman.
- Carried out gap assessment and impact analysis as part of the IFRS 17 Phase 1 project at various Insurance companies in UAE, Bahrain, and Oman.
- Reviewed the operational risk framework
- Carried out an impact assessment of IFRS 16 on the client operations and Financial Statements, provide the client with orientation on the requirements of the IFRS 16 standard and disclosures.
- Developed and implemented the Bank-wide Risk Appetite Statement and Business-wise Risk Appetite parameters for ABK, based on the best practices floated by IIF and other prominent institutions.
- Conducted the ICAAP exercise for ABK including development/revision of the key Pillar II Risk Models and development of capital management strategy.
- Conducted a quantitative and qualitative impact assessment of the BASEL Proposed reforms (BASEL- III) on a leading commercial bank in Bahrain
- Conducted the QIS Study for ABK, based on the draft BASEL III Capital Standards guidelines issued by Central Bank of Kuwait
Engagements
- Abhishek is closely working with various exchange houses, banks, finance companies, and insurance companies in UAE on various services of compliance areas.
- Services handled includes AML Compliance Audit, Compliance Advisory services, AML training, Fatca / CRS implementation, AML KYC documentation review and filing, Transaction Monitoring system parameters and rules implementation, AML policy development, RIA Audit, IFRS -9, 15, Insurance Audits
- List of Major clients engaged for various services
- Bank Of Baroda
- Union Bank of India
- Canara Bank
- PNB
- IDBI Bank
- Dar al Takaful
- Al Dhafra Insurance
- Al Buhaira Insurance
- Dubai Insurance Company
- Union Insurance
- Aman Insurance
- LIC International
- State Life of Pakistan
- Orient Insurance
- Orient UNB Takaful
- Siraj Finance
- Berns Brett Masood Insurance
- Green Sheild Insurance
- Hinduja Bank
- Muscat Finance S.A.O.G
- Tokio Marine & Nichido Fire Insurance Co LTD
- Alpen Asset Advisors Limited
- Abu Dhabi Finance PJSC
- Mawarid Finance
- Al Ain Finance
- Mawarid Securities
- Mawarid Technology
- Gargash Insurance Services LLC
- South Indian Bank
- Shinhan Bank
- Axis Bank
- Bank of India