Head of Finance
National Bank of Pakistan
Total years of experience :12 years, 5 Months
National Bank of Pakistan (March 2010 - present)
Head of Finance (Islamic Banking)
Currently working as Head of Finance in Islamic banking division of National Bank that has more than 1, 250 branches all over the world. Duties performed include: Supervising a team of 7 accountants and reporting directly to divisional head.
Ensuring the Division's accounting and reporting systems meet the needs of the business
Preparing monthly management accounts of the division
Calculation of profit rates for distribution of profit to depositors
Ensuring the timely preparation of the Division's financial reporting requirements in accordance with IFRS
Liaising with Internal and External Auditors and Tax advisers
Preparing annual budget and assessing performance against budget on monthly basis.
Production of financial reports and management information (including analysis, commentary and associated schedules) for the management.
Designing and implementing an effective control environment
Genesis Housing Group UK (April 2008 - November 2009)
Manager - Internal Audit
Genesis Housing Group is one of the largest housing groups in the UK, owning or managing over 38, 000 homes. I worked on an ongoing contract as manager internal audit. Main duties include:
Ensure senior management has a clear picture of the internal audit function, and clarify expectations and responsibilities of all.
Obtain and review written organizational policies and procedures, especially the policy pertaining to management's responsibility to control the organization
Discuss with external auditors open and closed internal control issues, which may have been identified during their reviews
Map major processes and operations within the organization. Meet with operations managers, including those in IT, to understand their risks and concerns.
Perform a risk assessment at the macro-level, which includes both external and internal risk factors
Develop an audit plan based on a risk assessment.
Work with management to establish best practice reporting relationships, ensure internal auditing is promoted throughout the organization, and develop a methodology for following up on audit recommendations and measuring performance
Establish a quality assurance program
Ernst & Young LLP UK (February 2005 - January 2008)
Audit Executive
Performed various External Audit and SOX 404 Assignments which are as follows:
SOX 404 Assignments:
• ABB Robotics: (ABB is one of the world's leading power and automation engineering companies. It is listed on the stock exchanges in Zurich, Stockholm and New York. ABB has reported according to US GAAP standards since 2001)
• SIRVA Inc (SIRVA provides relocation and moving solutions in more than 175 countries around the world)
• Hanson (Hanson is one of the UK's largest suppliers of construction materials)
The major work performed includes obtaining evidence about whether internal control over financial reporting is effective by:
Evaluating management's assessment process
Obtaining an understanding of internal control over financial reporting
Identifying significant accounts, relevant assertions, and significant processes
Evaluating and testing the design of internal controls
Evaluating and testing operating effectiveness
Major Statutory Audits Performed:
♦ BP Shipping Ltd: ♦ Intercontinental Hotels Group
♦ Steria Ltd.
♦ Keystone Ltd
♦ Exel PLC
♦ Adecco UK Ltd
♦ 4Ubusiness
Deloitte & Touche LLP UK (November 2004 - February 2005)
Internal Audit Consultant
I worked on a contract of 4 months in Energy and Utilities sector of Deloitte London. Involved in the following main assignments:
Little Chef: Worked independently on special assignment on Little Chef and Travelodge that involve, checking of correct discount being given to Travelodge by little chef in accordance with the agreements with Travelodge and third party suppliers (as we were appointed by Travelodge and were reportable to them)
EDF energy: EDF Energy is one of the largest UK home and business energy suppliers. Duties performed include: The documentation and testing of all key internal controls
Undertaking reviews of financial systems & demonstrate the identification of all important audit issues
First National Bank Modaraba (August 2003 - July 2004)
Internal Audit and Risk Manager
First National Bank Modaraba is the subsidiary of National Bank of Pakistan that is the largest bank of Pakistan with 1, 189 local branches and 16 overseas branches. Duties performed include:
♦ Reviewing policies and procedures that ensure compliance with internal control and the prescribed laws and regulations
♦ Ensuring that the bank operates within the statutory requirements as detailed in the Companies Acts
♦ Ensuring that the company and its board act in accordance with the Memorandum and Articles of Association, and file the necessary paper work with the Registrar of Companies in a timely manner
♦ Ensuring that statutory forms are filed promptly
♦ Credit Risk Management by determining the risk factors of each client and forwarding the report to Managing Director before sanctioning the lease/loan facility. Giving consideration to following factors
♦ Ensuring that Company is operating according to its Business Plan and submitting the variance analysis report to Managing Director with recommendations.
PricewaterhouseCoopers (July 1999 - July 2003)
Audit Senior
Worked as an audit senior in the Audit department of PWC Lahore that is the biggest firm of Pakistan. Staff strength includes 40 qualified Chartered Accountants and more than 200 non qualified staff.
♦ Performed Statutory and Internal Audit assignments of various companies/organizations and banks.
♦ Supervised up to 7 people.
♦ Conducted financial performance analysis of various clients of banks during Loan Review
♦ Dealt in different aspects of taxation such as returns to tax department, assessments, appeals, research and drafting of legal opinions to clients on technical and sensitive tax matters