Syed Adnan Raza Kazmi
Results-oriented, Audit/Risk Executive, with diversified experience and demonstrated success in partnering with operational leaders to identify risk, implement strategic process improvements, develop controls and enhance shareholder value.
Well qualified with a track record of conducting audits of all areas of companies operations with professional commitment and problem-solving attitude. Having Technical Knowledge and well versed with IAS, IIA (USA) standards and guidance, Law, COSO Framework, Corporate Governance, regulatory requirements, ISA and IFRS.
Coordinated with the audit committee, regulatory agencies and senior management on all audit governance matters.
Collaborated in development of policies and procedures prepared under COSO and supported RCSA efforts.
Performed strong risk/ controls assessment. Understanding of US GAAP, AS and Sarbanes-Oxley Act.
Dedicated to delivering outstanding results. Possess effective interpersonal & conflict management skills. Have the broad span of responsibility for a number of auditors. Coach & train associates within the group and across audit.
While demonstrating leadership skills conducted various audits and reviews including following areas:
Loan and advances & non-funded assets including loss forecasting. Treasury, investments and Inventory.
Related parties’ transactions and Project financing transactions. Impairment and estimates.
Income /expenditure and all the operational divisions of the company.
Academic Qualification & Certifications
Certified Internal Auditor, Institute of Internal Auditors – USA.
Associate Public Finance Accountants (APFA), PIPFA.
CA- Affiliate - Institute of Chartered Accountants.(CPA international equivalent).
Bachelor of Commerce, Premier College.
Preparing for CISA and CPA.
MIH Financials/Irfan U. Haqui CPA-Rosemont, IL Jan 2016 – Present
Examine and analyze business processes and transaction records to identify areas of risk and controls improvement and prepare internal audit reports.
Provide internal audit services on a co-sourcing or outsourcing basis. Utilize broad knowledge of practices and procedures to help clients address issues with respect to the effectiveness of risk management practices, governance processes and implementation of the system of internal controls.
Assist clients to develop internal audit plans based on risk assessments and contribute to the performance of internal financial, operational, and other audits and projects.
Assess the current state of an organization's internal control and help clients drive value and efficiency in their internal controls utilizing leading practices and strong analytical and investigative skills.
Provide leadership to staff. Manage and motivate teams with diverse skills and backgrounds.
Consistently deliver quality client services by monitoring progress. Demonstrate in-depth technical capabilities and professional knowledge. Maintain proactive business relationships and effectively communicate results & issues.
Cultivate business development opportunities.
HSBC- Mettawa, IL Mar 2015 – Nov 2015
Executive Consultant Third Party Risk Management
Lead assessments within the Corporate Compliance Department's Vendor Management program.
Coordinated and communicated due diligence requests with contacts within the client business units and third-party service providers.
Evaluated due diligence materials related to third-party service provider’s compliance management system and ensured compliance with applicable laws and regulations which include assessments on third-party programs such as internal audit, change management, vendor oversight, training and complaints management.
Provided training to appropriate groups within each business unit. Reviewed, revised and, at times, drafted policies, procedures, and guidelines.
Developed and maintained reports to communicate to the management all compliance issues.
PAIR Investment Company Limited (DFI) Mar 2009 – Mar 2015
Head of Internal Audit
PICL is a public unlisted company and its core mandate is to generate economic benefit by providing infrastructure /development finance and engage in financing for industrial and commercial projects, capital & money market operations & other investment banking activities. Net Assets Rs.8.648 billion and Revenue Rs 1.44billion.
Established & maintained a professional and independent audit function and carried out the independent appraisal of the effectiveness of the policies, procedures, and standards. Contributed to team building.
Organized and carried out internal audits including preparation of audit plans, scheduling, assigning work, mentoring and estimating resource needs.
Evaluated Internal Controls particularly relating to Operations & Credit Risk Management. Strong focus on KRIs, Controls, Corporate Governance & Compliance and helped in remediation of control failures by knowledge sharing.
Partnered with IT department and consultants for implementation of various automation processes.
Coordinated with the external and regulatory (SBP) auditors to explain institution's point of view.
Reported to both audit and management committees on the policies, programs, and activities of the department.
Arranged and attended Audit Committee/Management Meetings and provided Reports/Information for review.
Coordinated with consultants on assignment to prepare policies and procedures under COSO framework.
Bank Al- Habib Limited. Jan 2004 – Mar 2009
Senior Manager - Internal Audit
The Bank is a listed company and engaged in the business of commercial banking with a network of 419 branches including 3 off-shore branches. Bank Net Assets is Rs.25.581 billion and revenue is Rs. 41.24 billion.
Branch Audit: Evaluated risk and accordingly examined various assets and liabilities, income and expenditures, budgets, govt. and central bank returns, staff matters, security, EDP, and customer services to ensure adherence to internal controls/ procedures and verification of loans and customer stocks and inventories held as hypo/pledge.
Management Audit: Reviewed efficiency and effectiveness of various departments/divisions, adherence to policies and laid down procedures, achievement of overall targets and goals and coordination with other departments/ branches and head office.
Compliance Review: Ensured compliance with government's/ bank's internal guidelines on a day to day transactions.
United Bank Limited Feb 2001 – Dec 2003
Manager - Internal Audit
United Bank Limited is a public listed company and engaged in commercial banking and related services with a network of 1218 branches including 18 off-shore branches The Bank is a subsidiary of Bestway (Holdings) Limited which is incorporated in the United Kingdom. Net Assets are Rs.111.273 billion and Revenue is Rs. 95.125 billion.
Branch Audit including the review of adherence to internal controls/ procedures and alignment with strategic objectives of the bank. Management Audits and compliance review of Central Bank's/ bank’s internal guidelines.
Worked as Incharge Audit of 180 branches of UBL during 2001 and detected various frauds including a parallel banking involving Rs. 60.00 M.
Deloitte Oct 1999 – Dec 2000
Supervising Senior Audit and Consultancy
Conducted various external audits and special assignments for Public Accounting firm.
Major External Audits: MCB Bank Ltd., Quality Textile, Ahsan Textile, Export Processing Zone Authority.
Special / Consulting Assignments: Kings Group - special assignment on internal controls and assignment on share valuation to off-load government share in MCB Bank Ltd. Inventory verifications of various clients
Ernst & Young Jan 1996 – Oct 1999
Major External Audits: Singer, Johnson’s and Johnson’s, MLC Construction, United Bank Limited, House Building Finance Corporation (Mortgage Company), Shahnawaz Motors Ltd. (Authorized distributors of Mercedes-Benz, Dell and etc.), Pak. Jute and Synthetics Limited, Metropolitan Steel Corporation, Chevron, Rice Export Corporation, Trading Corporation, HMA Stainless Steel Ltd., United Liner Agencies, Habib Gum, and Modarba Al Mali, Citi Bank N.A,. Behbood Association (NGO), Bal. Rural Development Corporation (NGO).
Responsibilities for Ernst & Young and Deloitte while delivering Professional Services to clients include
Understanding business, transactions, industry environment, Process Flows, accounting & internal control systems.
Preliminary assessment of inherent risk, control risks, materiality levels & development of audit plan.
Coordination and Management:
Delegating and supervising work undertaken by large teams and review of work done by the assistants.
Developing and managing client relationships with the firm’s largest clients and discussion with engagement partner.
System Evaluation, Documentation and Risk Management:
Evaluating and documenting the effectiveness of accounting and internal control system.
Applying advance knowledge on analytics to identify deviations and addressing risks to improve IC system.
Detailed Verification and Reporting:
Obtaining sufficient appropriate audit evidence through substantive and analytical procedures.
Finalization of statutory audits and issuance of management letters and audit reports thereon.
Preparation of the review report on compliance with the code of corporate governance.
Training & Seminars
Ernst and Young and Institute of Chartered Accountants training on International Accounting and Auditing Standards, Planning documents and management of statuary audits, Ernst and Young audit methodology and techniques.
Assets and Liability Management, Audit of Treasury Functions, Auditing Branch Banking Operations, Preparation and Implementation of Audit Reports, Prudential Regulations, KYC/AML, Risk Asset Management, Advances, Trade, Ijara Financing. Deferred Taxation and Impairment of Assets. Margin Trading (Stock Exchange Broker), Basel-II implementation and Corporate Governance.