Senior Project Manager - Finance change
BNP Paribas
مجموع سنوات الخبرة :24 years, 9 أشهر
• Project lead on various end-to-end projects and New Business Initiatives impacting the Global Wealth Management Legal Entity Control.
• Responsible for documenting business requirements, ensuring technology understands the requirements, traceability to the Functional Specification Document (FSD), and monitoring overall progress of the project (e.g. milestone tracking).
• Lead and/or participate in project meetings and represent the team's vision accordingly with both business and technology partners.
• Gain insight into the current tools/operating models via knowledge share sessions.
• Engage in new design discussions and document existing and future workflow processes.
• Provide continuous feedback on project status to management and impacted stakeholders; update project tracker.
• Write test scripts, perform User Acceptance Testing (UAT), and production checkouts.
• Involve in legal entity financial control and oversight, management review analysis, financial planning and analysis, financial statement review/preparation.
• Involve in month end close process and dealing with offshore staff for financial control SAP close process.
• Directing and controlling finance staff to ensure that they are appropriately motivated and developed so that they carry out their responsibilities to the required standard.
• Contributing to the achievement of the company's business objectives by providing advice and guidance on financial strategy
• Overseeing the month end closing process to ensure the timely and accurate preparation of financial statements.
• Responsible for control and governance of monthly / quarterly disclosures processes
• Formulating budgets and conducting variance analysis to determine difference between projected & actual results and implementing corrective actions
• Responsible for analyzing and presenting periodic financial statements, MIS reports and budgets to the higher management and helping them in taking right business decisions.
• Establish and maintaining all necessary systems, policies and procedures to ensure effective and efficient financial management.
• Coordinates with executive management, internal auditors, and external auditors
• Management of finance projects / subprojects around development and enhancement of disclosure control and governance processes and tools
• Design, build, execution and implementation of process improvement streams
• Stakeholder management within GFC, FD, RF, Group Finance
• Partnering with strategic finance projects and initiatives whether these are regulatory or business driven, consistently reviewing the environmental design and operational effectiveness.
• Working closely with business control function to continue to strengthen operational controls globally
• Ensure legal and regulatory compliance regarding all financial functions.
• Managed and developed a team of 5 members so as to maximize their output, job satisfaction and ability to grow within a dynamic and high growth business. Oversight on general accounting and reporting teams in off-shore staff
• Acted as main Finance contact for senior management, providing them with key business analysis and acting as a conduit through to other functions within Finance Shared Service groups, legal and regulatory, risk and compliance, transaction management team- middle office, corporate Tax and VAT team and auditors
• Involved in month end close process, group reporting, budgeting and planning, preparation of financial statements of legal entities, dealing with external and internal auditors to clear their review points, variance analysis and commentary, MI/KPI reporting, performance reviews, dealing with group finance relating to reporting matters, balance sheet reviews.
• Involved in finance cost budget including managing variances between actual vs expected.
• Reviewer of specific accounting areas (Tax, Provisioning, Balance Sheet Analysis, AO&R, Intercompany balances, Balance Sheet substantiation) within CIB London Finance, and reporting to CIB London Finance management;
• Reviewer of the accounting for structured transactions and legal entities (SPE’s) that require consolidation;
• Reviewed and resolved reconciliation and reporting issues through liaison with other Finance teams, Middle Offices/Operations;
• Preparation of performance improvement documentation, development and implementation of finance policies and procedures, continuous review of existing processes to ensure flawless reporting and control requirement implementation in the finance function.
• Reviewer and attester of finance controls on a monthly basis.
• Provided expert advises and support across the finance including financial reporting, technical accounting (IFRS), financial control, taxation, compensation and benefits, external and internal audit, management reporting, regulatory reporting, and development of new policies and procedures for different finance areas.
• Reviewed new products, structured entities and accounting requirements in light of IFRS, analyses user requirement, and define operational accounting and controls;
• Involve in ad-hoc projects implementation including business due diligence, strategic planning and development of staff, policy and overall governance of finance function.
• Implemented various IFRS and accounting projects including ensuring compliance to group policies and IFRS. Performed project detailed User Acceptance Testing (UAT), migration and conversion plans, and testing at migration dates including dry-run and actual migration;
• Setting up of ledger for new legal entity, new trial balance, products, portfolios, financial reporting and control for each projects/ new structured entities.
• Performed financial reporting and control tasks to ensure all accounting setup are accurate without any material flaws. Any issues are resolved before each month end and post journals or update static setup to ensure resolution of the issues. Once all issues are resolved, hand over the project as a BAU to financial reporting and control teams. Provide assistance though out the life cycle of the trade
• Providing finance wide monthly presentation on key milestone achieved, status, issues, lessons learned, and update on new process/project.
Achievement:
• Implemented various IFRS and finance projects including designing the accounting schema, defining the controls, opening new ledger, new entity, new products and accounts, creating test scenarios, performing UAT, system/ledger migration, providing technical expertise of the project to BAU teams, go-live checks and review financial reporting for the project before handing over to BAU team
• Led and setup various legal entities (structured trades) where involved in devising the plan, led the project, made operational, accounting and financial reporting setup.
• Managed a team of 10 accountants in Africa Region, 4 in Western Europe, 2 in UK and 2 in off shore location.
• Involved in monthly delivery of Retail Bank review (MI) pack, including RAG status for key financial metric targets, preparation and substantiation of balance sheet review pack.
• Involved in the external Results Announcement, standardizing processes across businesses to improve timing and accuracy of reporting, act as a main central support to guide and assist for pan Retail Bank issues.
• Managed monthly close process in SAP and also in RACE (Hyperion) including webforms submission.
• Reviewer of accruals reports, accounting policy validations, bonus, alignment of FTE vs HR, monthly business reviews, inter-company eliminations mismatches, top side adjustments, fixed assets and WIP, subs and associate, BIA open issues, staff loan valuation model review, off BS reporting and other assets/liabilities reviews.
• Involved in ETA (economic transfer agreement), intercompany eliminations, account ownership and reconciliation (AO&R) monthly reviews and attestation including responsible to deal with internal and external audit.
• Involved in the cost financial planning, budgeting and forecasting process including quarterly revisions of the 3 year planning cycle.
• Responsible for monthly balance sheet review pack creation including presentation to group
• Perform goodwill impairment testing of whole of retail banking.
• Managed and implemented various new IFRS projects across Barclays including IFRS 9 FA&FL, IFRS 7 transfer of assets, IFRS 7 netting disclosures, IFRS 7 collaterals disclosures, IFRS 10-12 as a project leader;
• Performed consistency projects including goodwill impairment of retail banking businesses, monthly balance sheet review packs, restructuring, agency fee, creation of staff loan model for Barclays Africa, repossessed assets, car scheme accounting, medical benefits, other assets and liabilities.
• Review submission of quarterly, half yearly and year end notes & financial statement and permanent member of Legal and Technical (L&T) Steerco Meeting for review of Barclays Group Financial Statements.
• Lead finance reviewer of Capital Applications for legal entities and new product approvals (NPA)
• Provide proactive technical advices in response to queries on new or existing transactions, products and structures. Producing technical accounting memos and other advice setting out the accounting consequences.
• Communicated and trained (informal & formal) finance staff on technical accounting developments.
• Involved in various restructuring projects including UKRB, Western Europe, amalgamation of Mauritius subsidiaries to Mauritius Branch, Absa business and Barclays Africa.
• Lead Balance Sheet Reviewer of Barclays Africa, UKRB, Western Europe and Card business.
• Lead policy reviewer of all aspects of Barclays Retail Bank accounting issues and first point of escalation of technical issues.
• Represented Retail Bank as a permanent member in Group IFRS Technical Accounting Committee.
Achievement:
• Received “Q1 2012 Barclays Chairman’s Award” on outstanding performance.
• Designed and managed the quarterly legal entity forecasting process for Retail bank which resulted a record earning of £7.5m fee from Barclays SCM and appreciation across Tax and group. Successfully handed over the process to offshore team in India.
• Implemented various IFRS projects including parallel reporting of IFRS 9 FA & FL where devised various KPI’s which was used group wide.
• Designed and implemented balance sheet review process to identify key issues & key milestone achieved.
• Devised a process to move Barclays Africa financial control function to Johannesburg, provided cross training, resolve move out issues, managed the smooth move out process.
• Created staff loan & goodwill impairment model for Barclays Africa in accordance with IFRS requirement and received high regards from the management.
Planned and executed various external audits, internal audit and reviews varying in complexity and size across the firm where mainly performed the following tasks:
• Managing, planning and supervision of various financial audits, financial reporting, SOX projects, and internal audit assignment of various retail and investment banking clients and directly reporting to Partners/ Senior Managers.
• The responsibilities included engagement management, client relationships, assessment of business and audit risks, coordination with professionals of various fields like legal, actuarial and IT experts, decision making for resolution of critical reportable matters, providing advisory and value added services in various aspects of business and development and training of staff.
• Involved in implementation of International Financial Reporting Standards (IFRS) and, review and preparation of financial statements under IFRS and UK GAAP, group reporting and review of accounting matters.
• Client Assets & Client Money review as part of regulatory audit.
• Foreign Reporting in accordance with the instructions of the Group Auditors.
• Involved in Client relationship activities as well as team management. Managing a team of more than 6 people at one time.
Main engagements were as follows:
- RBS Group Internal Audit
- Deutsche Bank London
- Phibro Limited and Phibro GmbH
-HBOS Treasury Operation
-Citigroup Subsidiaries
- UBS Wealth management
- ING Direct UK
- Standard Chartered Plc
- Credit Suisse
- Wachovia Securities International Limited
- Bradford and Bingley Plc:
- Visa UK
- John Charcole
- Lehman Brothers
- Goldman Sachs
- O2 mobile
- AG Thames Limited
Worked as Audit Assistant Manager in Deloitte - Pakistan where my main responsibilities were as follows:
• Managing, planning and supervision of own portfolio of clients including financial audits, special assignments and agreed upon procedures of local and multinational companies as a manager and directly reporting to Senior Partners of the Firm
• Responsible for setting timetable for own portfolio of clients, review of foreign and statutory reporting packs and deliverables, furthering client relationship and identifying possible new engagement opportunities
• Managing department of more than 50 staff, assigning them task, and motivating them to meet deadlines
• Application of IFRS’s including first time application of Embedded Derivatives accounting under IAS 39 and Sarbanes Oxley Act, 2002 section 404 testing in Pakistan.
• Conducted in-house staff training courses and assisted Senior Partner of the firm in providing inter-firm advises on various IFRS’s/ IAS’s and related topics
• Review and preparation of foreign reporting of various multinational companies to US, UK and Switzerland in accordance with the group audit instructions and compliance of IFRS and US GAAP
• Involved in Client relationship activities.
• Carried out internal controls evaluation for SOX project of AES entities as per group instructions.
My engagements involve the following major entities:
- AES Lal Pir (Private) Limited and AES Pak Gen (Private) Company
- Hub Power Company Limited (Associate of International Power Plc)
- Procter & Gamble Pakistan Limited
- Cadbury Pakistan Limited
- National Investment (Unit) Trust (Asset management company)
- Crosby Dragon Fund (Open Ended Mutual Funds)
- MCR (Private) Limited (Pizza Hut Pakistan)
- Aga Khan Education Services, Pakistan (NGO)
- International Union for Conservation of Natural Resources (NGO)
During association with KPMG Oman, I led various audits, validation of financial reporting packages of multinational concerns and other varied nature engagements. My main clients were Oman international bank, Sheraton Oman Hotel, SCB, HSBC, Bank of Muscat. I was on secondment from October 2003 to Feb 2004 then finally joined as permanant employee in Feb 2004.
Involved mainly in the following areas:
• Leading large teams through planning, execution and conclusion stages of statutory audits, validation of financial reporting packages of multinational concerns and other varied nature engagements
• Engagement management, client relationships, assessment of business and audit risks, coordination with professionals of various fields like legal, actuarial and IT experts, decision making for resolution of critical reportable matters, providing advisory and value added services in various aspects of business and development and training of staff
• Involved in implementation of International Financial Reporting Standards (IFRS/ IAS), especially at the time of first time adoption of the provisions of IAS 39 &32, technical standards and generally accepted accounting practices and the preparation of financial statements under IFRS.
• Special audits in accordance with the requirements of the Central Bank and Securities Exchange Commission of Pakistan.
• Deputed to KPMG - Peat Marwick, a KPMG accounting software house, from July 1999 to May 2000, participated in the development of KPMG’s in-house Year 2000 (Y2K) Methodology and worked as a Team Leader for other accounting applications including General Ledger, Inventory, Sales, Payroll, Accounts Payable, Fixed Assets and Shares Accounting.
• Key clients were ANZ Grindlays Bank, Emirates Bank International PJSC, Bolan Bank Limited, Oman International Bank SAOG, National Investment (Unit) Trust, ICI Pakistan Limited, Gillette Pakistan Limited, Pakistan PTA Limited, Quetta Electric Supply Corporation, Sheraton Oman Hotel, Aga Khan Education Services, Pakistan.
I am qualified chartered accountants and passed final examination of the Institute in very first attempt.
Majors in Audit, Finance, Accounting and Tax