Deputy Director
State Bank of Pakistan
Total years of experience :18 years, 6 Months
Currently I have been coordinating with the World Bank Group, the IMF and the Financial Stability Institute to help them assess Pakistan's overall financial sector by answering their questionnaires and surveys such as the Financial Sector Assessment Program (FSAP) which is the assessment the WBG and IMF developed to help strengthen Pakistan's
financial system and covered a range financial sector issues such as financial inclusion, infrastructure financing, capital & debt markets and development finance. I was also a member of the organizing committee to hold SAARCFinance Seminar on ‘Financial Stability' in March 2017 at Islamabad, Pakistan. I am also responsible for:
- Monitoring changes in global and local economic indicators and conduct research studies in various areas to suggest changes in existing macro prudential policies.
- Analying the assigned area in Financial Stability Report (FSR), Quarterly Performance Review (QPR) and special sectoral analysis.
Offsite Supervision and Enforcement Department
State Bank of Pakistan is the central bank of the country responsible for regulating the monetary and credit system of Pakistan. SBP employees over 2000 people and I joined the bank after successfully finishing a competitive hiring process where I had to compete with over 10, 000 candidates of the country. My responsibilities involved assessing current performance of individual financial institutions as well as their future outlook. I proposed changes in policies related to minimizing requirement of regulatory capital for Islamic Banking so as to encourage as many institutions to offer Islamic
banking services as possible. I made two initiatives for consolidating financial position of (a) Overseas Operations of domestic banks, and (b) Islamic Banking operations of conventional banks for the first time in the central bank which were lauded by the senior management. Besides, I;
-Carried out desk based regulatory review of banks' policies, procedures and processes for compliance with the central bank laws, rules, circulars, guidelines and regulations and recommended punitive/disciplinary actions against discrepancies with respect to AML/CFT, window-dressing and corporate governance.
- Conducted off-site risk assessment of capital adequacy, asset performance, liquidity, systems and controls.
- Checked the credit risk of bank's loan portfolio, Identify non performing and over due loans, suggest general and specific provision as per central bank's defined criterion, and monitored banks' operational risk; identify control lapses for better internal controls as per international standards.
- Analyzed Capital Adequacy and Minimum Capital Requirement to ensure solvency.
- Provided regulatory and policy advice to businesses of commercial banks for remedial action on policy shortcomings.
- Monitored Liquidity Risk through supervising Cash Reserve Requirement (CRR) and Statutory Liquidity Requirement (SLR) besides monitoring of Financial Soundness Indicators and BASEL ratios.
United Bank Limited is one of the 5 largest banks of Pakistan with a network of over 1, 300 branches and employing over 15, 000 peoples. I joined UBL as ‘Teller' in June 2005 and was elevated to the position of ‘Branch Supervisor' within three months and to the ‘Relationship Manager' after another three months. I was engaged in providing credit to the Small and Medium Enterprises (SMEs) in a small town Larkana. At the time of my joining the entire credit portfolio was worth PKR 50 million. I conducted a survey and found out that the major line of businesses revolved around selling groceries
and crop seeds. To expand their businesses, the entrepreneurs of the area needed funds which and they could either get from the banks or the usurers and loan sharks which lent loans on excessive interest rates. The reason they didn't come
to banks was the lengthy process in loan approvals and a lot of documentation. I convinced the higher management to decentralize approving powers and minimize the documentation. This resulted in increase of the portfolio to PKR 300 million by the time I left the bank after four years. I:
- Prepared business reports to analyze and review quality of existing business to ensure maximum profitability.
- Worked in close partnership with Credit Risk Management and Credit Managers to ensure that credit applications for renewals, restructuring, rescheduling and settlements facilities are prepared in accordance with banks stipulations.
- Solicited and acquired new business as and when required within the defined market segments.
- Prepared client/ customer risk report as per balanced score card and defined risk matrix.
- Prepared monthly report on client's debt servicing capability of outstanding loans.
- Generated MIS for timely classification and of loans as per the bank's as well as Central Bank Regulations.