A goal-oriented individual with 15 years of banking experience in various departments i.e. Internal Audit, Risk Assets Review, Management Audits, Evaluation of Internal Controls, Compliance Function, Review & Due diligence Assignments, Fraud Investigations, System Development and Advisory Services to Higher/ Strategic Management while having strong understanding of Prudential Regulations; possessing the intrinsic ability to understand complex financial transactions.
Other specialties include:
Credit policies and Legal documentation
Credit Risk Management
Other banking operations and products
COSO Framework in terms of development of Risk Rating Application
Consumer Banking
MCB Bank Ltd : 2017 till now
Bank Alfalah Ltd: 2010 till 2017
MCB: 2008 till 2009
PICIC Commercial Bank & NIB: 2005 to 2007 & NIB 2008 after merger of PICIC with NIB
Head Quality Assurance Unit – Audit & RAR Group
Conducting Quality Assurance reviews of all types audit assignments [ Full Scope Audits, Risk Asset Reviews, Investigations, IT/ IS, Management Audits etc.] and all departments in Audit & RAR Group in accordance with International Internal Auditing Standards [IIA].
Conduct auditee surveys and its reporting to Board audit Committee [BAC]. Also Develope and deployed automated Survey Application [in coordination with ITD Quality Department] to conduct surveys from auditees.
Reporting significant deficiencies in conformance with IIA standards to BAC.
Annual Report of Quality Assurance w.r.t conformance with IIA standards besides meeting Internal Audit Charter and Policies of audit group (This report is addressed to Chief Internal Auditor for onwards submission to Board Audit Committee).
Management Audit Department:
I am currently working as an Audit Manager - Management Audit Department of Audit Group. This department is involved with audit of all centralized functions i.e. Finance Department, Treasury, Consumer Finance Group, Centralized Trade, Establishment & Administration etc.
I have conducted the audits of the following all the departments in commercial bank and Risk Asset Review- Corporate Branches - as Team Leader (2011 till date);
Consumer Finance Group: Home Finance, Centralized Auto Finance, Credit Cards
Credit Group & Risk Management
Design Management Audit Framework in accordance to COSO
Special Asset Management
Administration, Technology & Operations Group
SME Banking [covering project of World Bank through IFC - SME Modeling]
Learning & Development Division
System Policies & Operations
Transaction Banking
Compliance Division
Rural Finance Divisions
Complaint Management Department
Quality Assurance Department
Branchless Banking, Call Centre, Alternate Delivery Channels
Centralized Mail Management Unit
On various occasions I had conducted investigations on banking frauds & other critical issues pertaining to our own staff and by customers.
Evaluating Internal Manuals and Policies and Procedures of Bank Alfalah in accordance with the latest Prudential Regulations and Circulars issued by the State Bank of Pakistan. Giving recommendations on improvement of internal controls manuals.
Other Special Assignments e.g. write off review in credit cards, RMM loans, Auto loans etc., Review of Insurance Claims for Subsistence Farmers
Branch Banking Audit : Team leader: 2009 to 2010:
Conventional Branches, Islamic Branches & Area Offices
Working as Manager ICC-CBBG
Internal Control Coordination-Commercial Branch Banking Group (980 branches country wide)
Major Activities/ Assignments
ITAM (Issue Tracking & Monitoring)
Resolution of High Risk Issues under reporting to Board Management Committee & President
• Fraud & Forgeries: -Arrange Investigations and its reporting & disciplinary action.
• Compliance of Internal, External & SBP Annual Inspection
• Data Cleansing Assignments over 980 branches
• Compliance of Internal Control Reports: -Review & Implementation of effective internal control through BPRD & effective compliance of Internal Audit and ICD's Reports
• Settlement of Complaints within CBBG: -Resolution & Early settlement of Complaints in coordination of Service Quality Department within CBBG
• SBP focus Points: -Preparedness of branches in context to SBP Annual Audit
• Special Assignments
i. IRAF & AML Reporting to Central Bank [SBP]
ii. ATM Claim Settlement & Cash Balancing within SBP allocated time
iii. Rectification of more than 1.000 million invalid CNIC
iv. Settlement of Inter branches financial/ suspense accounts
The Audits of following divisions are conducted as team Leader;
• Branch Audits
• Audit of Centralized Units of the Bank
• Audits of Investment Banking Units (formal DFI portfolio)
General Banking Operations:
Deposit Department & Remittance Department, Clearing function, Stop Payments, Lockers & Staff Matters
Verification of Income & Detecting of Income leakages, verification all GL Accounts, Sundry Debtors & Creditors and Suspense Accounts
Budget Review & Variance Analysis, Expenditure Review, Tax & FED Matters, Fixed Assets/ HO Reconciliation/ Insurance Matters etc.
Different Types of Account Opening according to Regulations,Checking of Cash in Hand as per SBP PRs.
Balancing of ATM & identification of Shortage & Excess Balances.
Identify Parallel Banking Several times.
Engaged in Special Assignments of detecting Cash Shortage Frauds.
Review of Credit Operations
Checking of Different Types of Advances (RF, Term Loans, Pledge, FIM, FATR, LGs, LBDs etc.)
Checking of Documentation relating to above-mentioned Credit facilities; both Charge documents & Property Documents and verify their legal authenticity according to Vetting Certificates.
Consumer Financing: Personal Loans, Auto loans and Home Finances
IT Audits
Logical Security & Physical Security
IT Infrastructure & IT Software
Review of User Access Rightsin Banking Applications w.r.t IT Policy, its overrides and related Frauds