Manager (Internal Audit)
Askari Bank Limited (Audit and Inspection Division)
مجموع سنوات الخبرة :21 years, 5 أشهر
My job is to conduct the audit and investigation assignments of branches and divisions of Askari Bank Limited. I have prepared the quarterly reports for Board of Directors’ Audit Committee of our bank. I have conducted the audit of following divisions besides the branch audit:
o Branch less Banking
o Consumer Banking
o Treasury Operations (includes money market)
o Investment Banking (capital market)
o Risk Management
o Human Resource
o Compliance and Data
o Credit Administration
o Credit Division (Credit initiation, approval and monitoring)
o Centralized Foreign Trade Unit (CFTU)
o Corporate Banking Branch
o Alternative Delivery Channel (ADC)
Treasury Operations
• Reviewed the our NOSTRO account reconciliation and balancing process
• Reconciled the Due from branches balances
• Reviewed SWIFT Massages receiving and delivery process to branches and correspondent banks
• Money market portfolio verification with statements of State Bank of Pakistan
• Reconciliation of our account in the books of State Bank of Pakistan (SBP) which is central Bank of Pakistan.
• Reviewed the roles of Front office, Back office and middle office.
• Reviewed the Process of generation of Rate Sheet.
Investment Banking (Capital market)
Capital market was consists of two units one was Equity Capital Market (ECM) and second was Structured Finance
• In ECM we verified and reconciled our portfolio position from Daily transaction Report (DTRs) with CDC statement
• Checked the mark to market process and verified its accuracy with market quotations
• Reviewed the roles of Front office, Back office and middle office.
• Reviewed the dividend collection process.
• In Structured Finance I verified the Term Finance Certificates (TFC), syndicate portfolio through circularization of third party confirmations.
• Verified the interest income received/accrued.
• Verification of collateral security through CDC in case of shares held as security, from third party confirmation circularization or search reports in other cases.
Risk Management
• Review of policies and procedures
• Operational Risk Management Framework
• Review of Plan and its implementation of Risk control Self Assessment (RCSA)
• Review the data base of Event Loss and its procedure for reporting and collection
• Development and colleHuman Resource
• Review of induction procedure and its relevant cases
• Conducted the review of Separation procedure and its relevant cases
• Appraisal policies and procedure with relevant cases reviewed
• Design ofction of data regarding Operational Key Risk Indicators (KRIs)
• Succession Planning
• Risk weights calculation for Credit Risk, Market Risk and Operational Risk for Capital Adequacy Ratio (CAR)
• Calculated the Tier I, II, III capital for CAR calculation
• Implementation of Business Continuity Plan.
Centralized Foreign Trade Unit (CFTU)
• Review of Import LCs from its opening till retirement procedures
• Review of International verification reports of counter parties for exports/Imports
• Review of Shipping guarantees
• Review of cases where documents sent for collection
• Review of FAFB cases
Corporate Banking Branch
• Review of disbursement procedure for corporate clients according to approved credit proposals
• Collection of principal/markup procedure and its relevant calculations according to bank SOC
• Studied the Watch list review reports
• Review of returns to be submitted to SBP through
I conducted post audit of lease cases disbursed by the management to Consumer, Corporate and Small and Medium Enterprises clients; and branch and Head Office operations.
WORK CONTAINS AUDIT OF ACCOUNTS AND ITS FINALIZATION. AND INITIAL REVIEW OF AUDIT WORK BY TRAINEE STUDENTS. WORKED IN CORPORATE TAXATION DEPARTMENT.
WITH 1ST DIVISION