SVP & Head Branch Banking Audit-South - JS Bank Limited
(2012-06)
Working as SVP & Head Branch Banking Audit-South since June 2012 and manage independently Audit of Branch Operations and Investigations relating to the branches of South Region. Previously joined JS Bank as Audit Manager (Team Leader) in January 2012 and conducted Comprehensive / Surprise Audits / Special Review of branches and Investigations till May 2012.
- Develop risk based Annual Internal Audit Plan and Audit Programs for South Region's branches
- Ensure that Branch Operations audits are conducted in accordance with the objectives laid down in the Annual Plan
- Assist in developing budgets and ensure completion of audit assignments within budgeted time and financial budget
- Ensure proper implementation of internal controls and procedures
- Ensure compliance of Bank's approved policies, guidelines, manuals, procedures etc. and government laws and regulations, IIA standards etc. to make audit activity effective
- Review & supervise the work performed by audit team and ensure that issues highlighted during audits are adequately reported
- Supervise audit team in using data analytics during audit assignments for effective coverage
- Review comments and evidence provided by the auditee with the observations sheets for correctness and false compliance
- Check compliance of the observations/exceptions provided by auditee
- Review audit reports and ensure audit coverage of associated functions to develop overall control health
- Finalize and issue Audit Reports with Executive Summary, Audit Rating, documenting audit findings and management comments
- Identify weaknesses associated to governance system infrastructure, control and processes and providing recommendations to enhance the overall branch banking control environment
- Involve in discussions with branch management to discuss any material gaps between audit assessment or risks and controls and the businesses' self-assessment
- Ensure pending audit issues are followed up with Branch Management and corrective actions are properly implemented
- Provide guidance and train branch audit team on regular basis to keep them up to date
- Assess and suggest changes/amendments/updates in Audit Checklists regarding any development in the controls, policies and procedures
- Review the quality of audit work and ensure that working paper files are prepared in accordance with Quality Assurance guidelines
- Conduct investigations of Frauds and Forgeries/Whistle Blow etc., and issue final Report
- Assist Head of Audit in preparation of Working Papers File for Board Audit Committee meeting
- Report significant findings noted during branch audits on quarterly basis for BAC meeting
- Carry out special assignments/additional tasks as and when require by Head of Audit
Audit Manager (Team Leader), Audit & Risk Asset Review Group-South - MCB Bank Limited
(2010-05 - 2012-01)
- Deciding scope of audit and allocating area of audit to the team members keeping in view of their experience and professional development
- Ensuring that the tests are properly performed in accordance with the audit program
- Keeping Region Head-Audit informed regarding the progress on audit and significant issues
- Reviewing audit findings received from Audit Team identify risks and provide recommendations
- Identify the Leakage of Income
- Examining last audit report as well as ensure its compliance
- Analyzing and comparing the last and current figures of GL
- Balancing of GL and cross checking of figures with manual registers and reports
- Providing assistance/guidance to team members & Auditee, as and when required
- Ensuring that the audit working papers are properly prepared and filed as per Quality Assurance
- Preparing Management Action Plan and obtain comments/compliance date from Auditee
- Arranging and attending concluding meetings with ROM, RH-Audit, Branch Management & Auditee
- Preparing of Audit Rating to the Branch and submit to RH-Audit for review
- Preparing Audit Reports which includes Executive Summary and Management Letter
- Conducting special investigations, as and when assigned by the management
Assistant Manager - Credit Risk Control Department - Standard Chartered Bank (Pakistan) Limited
(2008-09 - 2010-05)
- Examining Business Credit Application (BCA) such as approved limits, margin, securities, covenants, risk triggers and other terms & conditions
- Ensuring that all terms and conditions of the MoA & AoA are acceptable
- Examining Board Resolutions (BR) and ensure that BR is as per Banks approved format
- Updating securities & other conditions as per the BCA, in Collateral Management System
- Safe keeping of all securities, transactional and contractual documents
- Ensuring that reminders are sent in time for expiring documents
- Ensuring adherence to service level agreements in terms of TAT
- Ensuring approved credit limits are accurately placed in the system as per BCA and issue Security Compliance Certificate / Documents Deferral Note
- Monitoring of expiry of Insurance Policies, Valuation etc.
- Issuing Delivery Orders, Monitoring of Stock and periodical stock reports
- Visiting & Inspecting the pledge stocks as and when required
- Participating and contribute in current and ensuing projects for Credit Risk Control
- Also perform all CRC related activities pertaining to Classified Accounts (Corporate)
- Preparing, consolidating & submitting of Regulatory Reports/Periodical Returns of all Corporate Accounts to SBP/Finance Deptt/Regulatory Reporting Unit of the Bank
- Preparing monthly eCIB Returns as per SBP's policy and handling eCIB related issues
- Generating eCIB reports as and when requested by Corporate Relationship Managers
- Maintaining and updating database of corporate customers for MIS reporting
- Preparing Risk-Weighted Assets and Contingents (RIWAC) statement for finance department for Risk Analysis purpose
Assistant Manager - Credit Division, Principal Office - Bank AL Habib Limited
(2005-02 - 2008-09)
- Assist in analyzing, assessing credit proposals to ensure compliance of Prudential Regulations as well as Bank's Credit Policy
- Assist in post disbursement monitoring / periodic review of watch list accounts
- Preparation of quarterly data as well as presentation of Power Point Slides on Major Advances, Sector-wise Classification of Advances, Agricultural & Consumer Financing, Syndications, Aging of Term Finance etc., to review by the Credit Risk Management Committee of Board of Directors
- Preparation of Minutes of the meeting of Credit Risk Management Committee of Board of Directors
- Preparation of various periodical reports/statements for SBP/Management
- Maintenance and updation of Prudential Regulations, SBP Discount Rate, Approved list of Valuers & Mucaddams, Approved list of Insurance Co.'s, Approved list of Shares
Resident Auditor (OG-I) - Speedway Fondmetall (Pakistan) Limited
(2000-10 - 2005-02)
Worked for 4-years with the responsibilities of handling full set of accounts activities upto finalization of accounts; settlement of day-to-day Treasury Settlement through SBP's SGLA; settlement of day-to-day Money Market Settlement through CDC Online System; dealing with External Auditors; preparation of all periodical SBP reports and returns. Deputed as Company's Representative for official assignments in TURKEY (ISTANBUL, IZMIR & CHANAKLE).
Officer Grade III - Jodia Bazar Branch - Bolan Bank Limited (Presently Bank Makramah)
(1994-11 - 2000-09)
- General Banking (2 years): Opening of accounts, cheques books issuance, account closure, issuing of PO/DD/TT/SND/TDR/Call Deposit Receipts, responding customers' quarries regarding transactions, checking of Daily Customer Movement and Daily G/L Movement, preparation of Staff Pay Roll and other accounts related works, on job training to new appointees related to the computer
- Credit Department (1 year): Preparation of credit proposals for consideration and approval, Feeding of Limits in UNI BANK System, Preparation & submission of statements pertaining to Credit Department etc.
- Foreign Trade Department (1 year): Scrutiny of L/C, Import and Export documents, Opening of L/C and Retirement of documents, Preparation & Transmission of LCs/Amendments and other Telex messages etc.
- Zonal Office (2 years): Close monitoring of branches' activities e.g. profitability, Cash-in-Hand Limits and Deposit Targets & staff matters etc. Further, scrutiny of documents of RF, DF, BGs for fresh/renewal/enhancement/reduction in limit and forward for approval to competent authorities
