Kashif Ali, Head - Internal Control Design/ COSO/ Business Process Management

Kashif Ali

Head - Internal Control Design/ COSO/ Business Process Management

MCB Bank Limited

Location
Pakistan
Education
Master's degree, Chartered Accountant - Accounting, Finance, Auditing
Experience
21 years, 10 months

Share My Profile

Block User


Work Experience

Total years of experience :21 years, 10 months

Head - Internal Control Design/ COSO/ Business Process Management at MCB Bank Limited
  • Other
  • My current job since January 2008

Currently heading the Business Process Management Division (BPMD) in MCB Bank Limited, one of the
largest commercial Bank in Pakistan. The purpose of this position is to develop, manage and oversee
operational policies and procedures, maintenance and upgrade of COSO documentation, Compliance with
regulations for Internal Controls over Financial Reporting (ICFR), pre-implementation review of new/changed
business processes & products, and extend functional support for implementation of various business
applications. Also includes management of centralized operational functions requiring major change /
improvement of Applications and Processes on Build, Operate and Transfer methodology as assigned by the
senior management and Group Head Operations.

Supervising Senior at PricewaterhouseCoopers
  • Pakistan - Lahore
  • June 2006 to December 2007

Have worked as Supervising Senior in A. F. FERGUSON & CO, Chartered Accountants (a member firm of PricewaterhouseCoopers) from June 2006 to December 2007 mainly in the ‘Advisory’ services of the firm. Here my responsibilities included:

 Lead team of professional in planning, execution and finalization of advisory assignments of large publically traded clients within extremely strict deadlines maintaining the quality of work as per set standards;
 Conducting a complete As-IS study of business processes and financial health of clients;
 Development of risk profile of the client using best practices of Risk Assessment and Internal Control Frameworks.
 Gap analysis along with remediation
 Design and benchmarking of controls and development of audit programs;
 Development of Risk Based Audit Methodology and Audit Master Data for internal audit function of client.
 Leading the team to perform internal audit for selected functions/ branches
 Determine and review the regulatory and legal framework of the client with respect to various local and international laws;
 Identification of gaps in existing policies/strategies for Risk Management, KYC, Liquidity/Fund & Asset Management, Investment & Fixed Asset’s Acquisition and Disposal, Product Planning, Fund Mobilization and Non-Performing Loans.

Senior Associate at PricewaterhouseCoopers
  • Pakistan - Lahore
  • May 2002 to May 2006

Completed practical training from A. F. FERGUSON & CO., Chartered Accountants, from May 2002 to May 2006. During this tenure, I have gained experience in performing internal and external audits, statutory audits, business process reengineering, due diligence studies and institutional restructuring. Responsibilities included the performance of following major tasks:
 Planning, execution and finalization of assignments as per the requirements of International Standards on Auditing (IAS) and pronouncements of the local regulatory bodies;
 Preparation and review of financial statements as per the requirements of the International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and local laws and regulations;
 Review of various financial statements disclosures as per applicable IFRS;
 Analytical and substantive review of financial statements to identify unexpected variances and relevant disclosures as per the requirements of the International Accounting Standards (IAS), International Financial Reporting Standards (IFRS) and local laws and regulations;
 Preparation of management letters identifying control weaknesses, its implications and recommendations
 Supervision and review of work performed by team members;
 Establishing and strengthening the cordial relationship with client personnel including top management through liaison and correspondence;

Education

Master's degree, Chartered Accountant - Accounting, Finance, Auditing
  • at Institute of Chartered Accountants of Pakistan
  • December 2007

Qualified Chartered Accountant; Completed practical training from A. F. FERGUSON & CO., Chartered Accountants, from May 16, 2002 to May 15, 2006. During this tenure, I have gained experience in performing internal and external audits, statutory audits, business process reengineering, due diligence studies and institutional restructuring.

Specialties & Skills

Internal Controls
External Audit
Business Process Improvement
Internal Audit
Financial Reporting
Internal Controls/Internal Audit/COSO/SOX/FATCA
Internal Audit

Languages

English
Expert

Memberships

ICAP
  • Qualified Chartered Accountant
  • March 2008

Training and Certifications

Project Management (Training)
Training Institute:
Lahore University of Management Sciences
Date Attended:
August 2008
Duration:
40 hours
NICF - AIIM Business Process Management Master (BPMC) (Training)
Training Institute:
National University of Singapore
Date Attended:
June 2011
Duration:
40 hours

Hobbies

  • Social Welfare / Business News/Current Affairs
    - Participated in 3 events of fun raising and distribution of aid in area hit by natural calamity / disaster. - Published business articles on Linked in that can be read though following links: https://www.linkedin.com/pulse/inclusive-growth-kashif-ali-aca?trk=prof-post https://www.linkedin.com/pulse/oil-politics-economy-confusion-kashif?trk=prof-post