If you are interested in this candidate, please contact Richard Lalchan via email rlalchan@cerfinancial.co.uk or call on 0207 626 6065.

00355068

PROFILE:

A Chartered Accountant with extensive experience and expertise in the field of Auditing, Risk Management, Quality Assurance, Internal Controls, and Compliance/AML within the Banking and Assurance sector. A successful career with over 25 years in top banks and Big 4 audit firms. Recognised for establishing and overseeing robust internal audit functions, designing control environment, and building internal audit teams. Vast experience of preparing Audit packs and participating in Board Audit Committees. Effectively managed co-sourced audit model in two banks. Run Audit Quality Assurance programs. An independent member of the Risk and Audit Committee of a Financial Institution. Proven leader with outstanding relationship building and team management skills. Proven record of establishing control functions and formulating internal audit policies & procedures, audit charter, and auditor’s code of conduct.

SKILLS:

Banking

Corporate & Retail Banking Portfolio Reviews, Corporate Credit, Trade Finance, Credit Admin, Wealth Management, Investment Banking, Treasury (front and back office), ALM/ALCO, Basel II, ICAAP, Regulatory Compliance, UK Anti Money Laundering Regulations, Enterprise Risk Assessment, Operational Risk Management, Banking Operations/Back Office, Islamic Banking, Special Investigations

Audit & Assurance

Audit Policies & Procedures, Audit Planning, Execution & Report Writing, Risk Assessment & Mitigation, Internal Controls and Process Improvement

Finance & Accounts

Financial Controls, Fixed Assets Management, Financial Analysis, IFRS

TECHNICAL:

• MS Office
• Expert
• MS Excel MS Word
• MS Power Point MS Outlook

Work Related Packages:

• Expert
• Moody’s financial analysis software
• PWC Special Audit Software (TEAM, ASSET, TEAMMATE)

CERTIFICATES:

ACA - Associate member (2020)

Institute of Chartered Accountants in England and Wales (ICAEW)

CIA - Certified Internal Auditor (2004)

Passed CIA exams

Institute of Internal Auditors (IIA), USA

FCA - Fellow member (2000)

Institute of Chartered Accountants of Pakistan (ICAP)

EDUCATION:

1995: University

Bachelor of Commerce

CAREER HISTORY:

January 2022 – Present

Banking

Senior Internal Audit Manager

Managing the entire audit life cycle from Annual Audit Plans to individual audit planning, fieldwork, and reporting. Performing complex audit and consulting assignments including review and closure of Section 166 recommendations.

September 2020 – December 2021

Exchange Company

Head of Risk & Internal Control

Heading the Risk, and Internal Control of an Exchange company. Reporting to the MD/CEO and Board’s Risk & Audit Committee.

December 2010 – March 2020

Banking

Head – Corporate & Group Audit, Senior Vice President (Internal Audit Department)

Managing the Corporate & Group Audit Function reporting into the Chief Internal Auditor. Assisting the Chief Internal Auditor in formulating strategies for the audit function.

• Quarterly presentation to Board’s Audit Committee on new audit and risk issues.
• Developing the annual audit plan and preparing risk matrix for Corporate, Credit, Treasury/ALM, Finance, and Group Entities including Takaful Company.
• Leading the audit team on critical audits and performing audits (end to end) using risk-based approach.
• Preparing the audit reports and presenting value added recommendations.

May 2008 – November 2010

Banking

Head – Quality Assurance

• Established the Quality Assurance (QA) function in the newly formed Bank.
• Significant role in the implementation of Operational Risk Management framework in the Bank including introduction of Key Control Self-Assessment (KCSA), loss data capturing and reporting mechanism, validation of Basel 2 Operational Risk capital calculations.
• Developed the QA Charter, Policies and procedures and Staff Job descriptions/objectives.
• Supervised the development of “Management Risk Awareness System” for registering important risk issues and follow ups thereon.
• Managing the Quality Assurance (QA) and Internal Control teams performing risk-based reviews of policies, processes, and products of the Bank. The function also has important responsibility of implementing independent controls on GL of the Bank and reporting unusual and long pending issues in the Bank’s book of accounts.

October 2003 – May 2008

Banking

Banking Audit Manager / Head of Banking Audit

• Heading the critical Banking Audit Function with full scope coverage of all Business and Support functions encompassing Operational, Credit & Market Risk.
• Managing a team of auditors performing risk-based audit of processes and products of the Bank. Performed extensive audits of Finance, Corporate Planning, Budgeting & Reporting, Treasury, ALM, Risk, Corporate, and Retail Banking.
• Contributing to the development of overall audit methodology in line with professional standards.
• Developing the annual audit plan, preparing risk matrix, finalizing annual budget of the department, etc.
• Effectively reviewing the audit reports and presenting value added recommendations.
• Participating in fraud and other special investigations.
• Preparing monthly audit activity report and presentations to the Audit Committee of the Board. Supervising, developing and motivating the audit team.

July 2002 – October 2003

Banking

Credit Analyst/Relationship Officer – Commercial Banking

• Managing the credit portfolio (Corporate & Retail) of the Sharjah branch. Visiting new and existing customers for soliciting new business.
• Credit analysis of prospective corporate customers and preparing credit proposals.

July 2001 – September 2001

Accounting Firm

Senior Associate (Audit and Business Advisory Services)

• Joined Arthur Andersen as a Financial Services specialist and performed audits and reviews of national and multinational banks.
• Planning, supervision and review of audits.
• Preparation of Financial Statements, Internal Control Memorandum and Management Letter.

February 1996 – June 2001

Financial Services

Assistant Manager (Assurance and Business Advisory Services)

• Managing a portfolio of clients; agreeing terms of engagement, audit planning and risk assessment.
• Leading teams on statutory audits.
• Interacting with partners for review and finalization of audits and related jobs.

If you are interested in this candidate, please contact Richard Lalchan via email rlalchan@cerfinancial.co.uk or call on 0207 626 6065.

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