Adeel Paracha, Incharge-SBP Inspection & Coordination Department

Adeel Paracha

Incharge-SBP Inspection & Coordination Department

The Bank of Khyber

Location
Pakistan - Peshawar
Education
Master's degree, M. Com.
Experience
19 years, 4 Months

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Work Experience

Total years of experience :19 years, 4 Months

Incharge-SBP Inspection & Coordination Department at The Bank of Khyber
  • Pakistan - Peshawar
  • My current job since August 2014

- Liaison and collaboration with the State Bank of Pakistan (SBP)
Inspection Team in respect of carrying out of inspection at the
bank;

- Coordinating with the business / support functions for collection
data / information required by SBP Inspection Team;

- Communication with the Off Site Supervision & Enforcement
Department (OSED) of SBP for the compliance on the issues
identified by State Bank of Pakistan (SBP) Inspection Team;

- Establishing a mechanism for follow up with the business and
support functions for resolution of exceptions pointed out by State
Bank of Pakistan (SBP) Inspection Team;

- Ensuring compliance with SBP Off-Site Supervision &
Enforcement Department (OSED) report;

- Evaluate / investigate that the penalty charged by the State Bank
of Pakistan (SBP) has been correctly imposed on each and every
instance of the bank;

- Coordinating a meeting of function heads and Executive Director /
Managing Director of the bank with SBP Officials to contest on the
observations made by the Inspection Team;

- Corresponding with SBP on various matters relating to inspection
and offsite supervision;



 Recording and tracking / monitoring of SBP Penalties ensuring remediation of the causes of such penalties and follow-up with the business / support functions to ensure identification of effective controls to mitigate their recurrence;
 Coordinating with the external auditors regarding their review of the Internal Controls over Financial Reporting (ICFR) in accordance with SBP guidelines and ensuring provision of information / documentation and resolution of deficiencies / observations identified by the auditors.

Auditor at United Bank Limited
  • Pakistan - Islamabad
  • July 2010 to August 2014

- To Manage & conduct quality audits of North Area Branches (400+).
- To prepare report on observations & make recommendations.
- Assessment of efficiency and effectiveness of internal controls,
introducing best practices in line with the Prudential Regulations
and Bank’s internal policies, giving suggestions to improve their
quality and value-added services.
- Providing on the job training to branch staff on operational
matters.
- Performing special assignments/investigations as per instructions.
- Discussion of audit observations with the Branch
Managers/CSOMs.
- Preparation & Maintenance of working papers as per
requirements of Audit Manual.
- To extract different reports by using of Knowledge Manager (KM)
- (Oracle Developer Plus) for offsite reviews.

Assistant Manager - II at Meezan Bank Limited
  • Pakistan - Karachi
  • February 2008 to July 2010

- Foreign Remittances which include Foreign Telegraphic Transfer
(FTT), Inward Remittances (IRT), Foreign Demand Drafts (FDD),
Foreign Bills for Collections (FBC) and USD Local Clearing.

- Monthly F.E. Returns/Performance Guarantees/L.Cs

- To Initiate Fresh Credit Proposals and to maintain existing
Borrowers Record.

Officer Grade - III at Soneri Bank Limited
  • Pakistan - Karachi
  • February 2005 to January 2008

- Started as Trainee Officer and completed one year on the job
training including five months theoretical training.

- Branch Operations

- Advances/Consumer Finance

Education

Master's degree, M. Com.
  • at University of Karachi - Pakistan
  • July 2004

M. Com. in Banking and Finance from University of Karachi, Pakistan. Major Subjects: Financial Accounting, Cost Accounting, Advanced Accounting, Financial Management, Statistics, Marketing,

Bachelor's degree, B. Com.
  • at University of Peshawar - Pakistan
  • August 2001

B. Com from Peshawar University, Pakistan

Specialties & Skills

Auditing
Islamic Banking
MS Office tools
Compliance
Branch Banking
MS Office
Office Correspondence

Languages

Urdu
Expert
English
Expert

Training and Certifications

Junior Associate of Institute of Bankers, Pakistan (Certificate)
Date Attended:
July 2017
PGD in Islamic Banking & Finance (Certificate)
Date Attended:
January 2017
Certificate of Banking (Training)
Training Institute:
Soneri Bank Limited
Date Attended:
February 2005

Hobbies

  • Cricket, Snooker, Web surfing etc. etc.