AKIF MUHAMMAD شيخ

Setting up Country's first Loan Marketplace

Setting up SIMAH Pay (Buy Now and Pay Later)

Decision Smart for Instant Credit Decisioning

B2C - Business Model Transformation

B2B - Business Model Transformation

Responsible Lending

National e-KYC

Senior Banker and Financial Services professional with rich experience and distinguished record of achievements in managing businesses and leading control functions. Have worked across Middle East (including Kuwait, UAE and KSA) and Pakistan with over 20 years of experience across all aspects of Retail Banking & Digital.

I am a highly effective leader and communicator with a natural ability to connect with people at all levels both within and outside the Bank. I am well regarded in the financial industry and brings enormous drive, energy, and a focus on performance to the work environment.

I am passionate about customers, brand and values and have achieved significant impact and results in diverse international cultural environments and has met several strategic challenges with transformational solutions.


Core Specialties:
Islamic Finance, Retail Banking, Wealth Management, Digital Transformation, Product Innovation, Segmentation, Marketing & Sales

Products, Segmentation, Marketing, Digitalizaton

Job Responsibilities:

1. Responsible for executing the audits assignments over a pre-set period, and approved audit program.
2. Identifies the key control points of the system.
3. Preparation of the Audit Program.
4. Performs the audit in a professional manner and in accordance with the approved audit program.
5. Directs and instructs staff assistants to the audit and review their works for sufficiency of scope for accuracy.
6. Prepare formal written reports.
7. Conduct departmental review to assess the extent of compliance with controls and procedures. Evaluates these controls for their operational effectiveness and recommend improvements.
8. Documents review result and formulate recommendations for review by the Internal Audit Manager. Prepares audit notes for circulation to audited areas, seeking response to points raised.
9. Complete the Audit Work File at each stage of the audit process (from planning to get the audit program approved until the completion of the audit) to ensure progress is tracked and monitored.
10. Participates in various committees related to the assigned audit area.

Assignments:

• Treasury & Investment Sector Audit:

Scope of the work covered the internal audit of the Investment Sector covering Treasury, Direct Investment, International Investment and International Real Estate Department.

The internal audit work was carried out in accordance with the KPMG (Co-Source Partner) methodology and included the following;

 Understanding and documenting the process,

 Carrying out a process level risk assessment,

 Identifying controls in place to address significant risks,

 assessment of the effectiveness of the design of controls in addressing the risks identified,

 Evaluation of risk information,

 Assessing process and controls against good practice,

 Controls validation and testing and

 Identification of performance improvement opportunities.

Responsibility included;

1. Preparation of planning and strategy documents for audit engagements.

2. Managing teams of up to six people to ensure audit activities were carried out in a timely and efficient manner.

3. Researching and resolving audit issues.

4. Preparation of consolidated financial statements for group statutory reporting.

5. VAT Calculations.

Job Summary:

Gained considerable experience in the field of Accounts & Audit while working in the Business Assurance Division of AASC member firm of Grant Thornton International. During my work I was responsible for the Statutory Audits, Consultancy Assignments, and Management Audits.