'Head Market Risk' and 'ALCO Secretary'
Allied Bank Limited
Total years of experience :21 years, 6 Months
Allied Bank Limited (ABL), Karachi, Pakistan
Besides following, my duties include working as Secretary to the ALCO
Head Market Risk Apr’09 - Present
•Set-up Market/Liquidity/ALM risk management and Middle office functions
•Devised Funds Transfer Pricing (FTP) structure
•Devised Market, Liquidity and ALM Risk Appetite Statement
•Drafted policies & guidelines
•Structured risk limits & trigger levels and monitor adherence
•Conduct behavioral study and incorporate results in gap analysis
•Implement FTP structure
•Implementation of polices & guidelines
•Generate NII simulations
•Participation in investment decision and investment banking transactions at ALCO forum
•Participation in devising ICAAP
•Implement SAS risk management software
•Reporting on Basel II
•Spearhead development of risk monitoring tools/statistical models
•Present risk reporting package
•Various submissions to rating agencies & regulatory authorities
Head Business Analysis & Planning Dec’05 - Apr’09
•Analyze financial performance of the bank & segments
•Prepare/report financial and management performance package & commentary
•Present and discuss/explain the performance package
•Handled Global Depository Receipts issuance assignment
•Develop annual budgets and rolling forecasts
•Devise/update 5-year strategic plan and capital adequacy projection
•Worked on Employees Stock Option Scheme
•Participate in financial statement preparation and review process
•Prepare product feasibilities, analytics, financial models
•Prepare analytics on bank’s watch-list and non-performing credit portfolio
•Various submissions to rating agencies & regulatory authorities including Basel II framework to the central bank
•Handle major accounting issues & ensure compliance with IFRS
•Review and present/explain peer bank analysis and industry statistics
•Prepare/review Maturity & Interest rate gap reports and Yield & Spread analysis
•Handle FTP
Manager Finance and Accounts, Finance & Accounts Department - Reporting to Group Chief Financial Officer
•Oversee Finance and Accounts functions, Credit unit, Payable unit and Payroll unit
•Financial reporting, co-ordination with the statutory auditors, compliance with IFRS and regulatory requirements
•Prepare annual budgets and rolling forecasts
•Produce segmental performance and meetings with senior management thereon
•Dealing with corporate clients, foreign satellite service providers on a continuous basis
•Handle income tax, sales tax & legal matters, including handling income tax under double taxation treaties and tax/legal matters at Honorable High Court level
Completed four years of articleship with Ernst & Young (E&Y) Pakistan office, handled diversified clientele and worked in various capacities during my association with E&Y including the following:
Assistant Manager Audit Apr’03 - Dec’03
Accountant * Nov’02 - Mar’03
Audit Supervising Senior Jan’02 - Oct’02
Audit Senior Dec’99 - Dec’01
* Seconded to Ernst & Young, Bahrain, Middle East.
Brief desciption of my work experience with EY.
•Preparation of Business Processes and SWOT (Strengths, Weaknesses, Opportunities, Threats) for companies operating in various sectors.
•Review and / or preparation of financial statements in compliance with various requirements.
•Advisory on corporate, accounting, tax and auditing matters within and outside the firm.
•Preparation and discussion of management letters and other communications to the higher management of clients.
•Staff planning and organization.
•Planning and developing audit / assignment strategies.
•Reviewing, assessing and testing of internal controls and designing substantive tests including analytical reviews.
•Review and evaluation of audit procedures and their results.
•Ensuring quality of services to the clients and their satisfaction to the services provided.
Worked with Ernst & Yound International (EYI), Bahrain on a secondment basis on behalf of EY Pakistan office.
Currently, I am enrolled for Part 2 (Final) exam of the Financial Risk Management (FRM) program scheduled to be held in November 2011.
Secured first position in internal examinations of Full Time Foundation Course consecutively in both the years