Human Resources Risk Management

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COVER LETTER

Ischrat J. Khan

Cell: +1-905-***-****

Email: *******@*****.***

Applying for the position of: Head of Internal Audit AKDN – Civil Line, Sindh, Pakistan

I am very interested in the above-noted position that I came to know through PJF. I have the knowledge, ability and skills with comprehensive experience to effectively perform the responsibility of the above-mentioned job.

I was involved in similar roles with my previous employer and I was instrumental in establishing an effective Audit and Compliance function. I took the initiative to establish and implement a three-year Risk-based Audit Plan in order to prioritize various types of risks and conduct audits accordingly, thus achieving optimum utilization of human resources. I had also established a “Teammate” audit application for each audit mission in order to assess the quality of risk management, level of corporate governance, compliance, internal controls and follow-up on audit recommendations. During my long experience with a reputed European joint venture international bank (Saudi French Bank, Riyadh, Saudi Arabia), I was actively involved in the implementation of Basel Committee requirements as imposed by the regulator including other international regulations pertaining to the bank e.g. COSO, SOX, OSFI, FATF & FINTRAC regulations. I was actively involved with bank’s audit committee and interacted with the senior management at all levels to ensure that all audit recommendations were properly responded to the audit committee giving reasons for those, which were not implemented.

During the last two years as a Chief Auditor of the bank, I effectively implemented a state of the art “Cost Effective Corporate Governance, Auditing & Compliance” process in the bank, which was well appreciated by the Audit Committee & the Board.

I had twenty-eight auditors reporting directly to me while, among other duties, I was responsible for budgeting, planning, recruitment & training, besides leading complex and sensitive audits. I have completed a University degree in Bachelor of Science (Mathematics). I have completed a Canadian Securities certification (CSC). Furthermore, during my long banking career, I have completed Accountancy and Economics training, Auditing Investment Bank, Financial Strategies in Banking from reputed trainers (e.g. INSEAD Paris).

I have been working with the Saudi French Bank, Riyadh, Saudi Arabia, finally reaching to the position of Deputy Chief Auditor/Chief Auditor (last position held) for the last 26 years. This is a joint venture bank (with Credit Agricole Corporate & Investment Bank, Paris), which is the largest joint venture bank in Saudi Arabia and is one of the 300 largest banks in the world.

I have also been involved with the Bank’s Operational Risk Committee, Operations and Control Committee, New Activities and Products Committee, etc; representing Audit Division. I am a matured and well-experienced banker with solid backgrounds in almost all fields of banking. I believe I can add great value to your reputed organization due to my diversified knowledge and experience gained through international exposures with world class banks (Banque Saudi Fransi, Riyadh and The Commercial Bank of Dubai (originally managed by Chase Manhattan Bank, New York.).

I am a Canadian national and after working abroad for several years in banking field, I am now back in Canada and looking forward to join a reputed organization as yours. I shall appreciate it if you give me an opportunity of an interview. My detailed resume is attached below.

Sincerely yours,

Ischrat J. Khan

Cell& whatsapp): +1-905-***-****

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CURRICULUM VITAE

Ischrat J. Khan

2447 Chateau Common, Oakville L6M 0S1

Cell: +905-***-****

Email: *******@*****.***

SKILLS & ABILITIES

Various skills gained during my long banking experience with international banks, as follows:

Establishing and Managing Bank branches and achieving profitability targets relating to Retail, Corporate and investment banking products and services,

Establishing & Managing Risk-based Auditing

Evaluating Compliance – Local & International regulatory requirements

Evaluating Operational Risk Management

Evaluating Credit Risk Management

Evaluating Market Risk Management

Capital Market & Treasury products (bonds options, currency trading…)

Fraud Investigation in Trading activities, Private banking, Commercial & Corporate credit, etc.

Dealing with regulators regarding various investigation, & non-compliance issues

Recommending improvement for Policies and Procedure

HR skills & Managing people

Training and Coaching junior staff (on the job and training on specific topics) WORK EXPERIENCE

I am a versatile banking professional with a broad range of knowledge and skills gained during my more than 26 years of international experience. These skills I have gained during my banking career in Branch Banking, Retail, Corporate and Commercial Credit, and Internal Auditing & Compliance. This gave me an additional experience by gaining expertise not only in Auditing, Compliance, Risk Management process (Operational, Credit, Market & Reputational Risks), and internal controls but also in products and services offered by Corporate/Commercial Banking, Investment Banking, Capital & Treasury markets, Fraud investigations, and dealing with regulators and external auditors. Details of my work experience are given below:

I & Y Consulting Inc. (Janauary 2016 to date)

After returning to Canada in late 2015, I have formed a company in order to perform management consultancy work, Financial Advisory, etc.

Salman Al-Terais Construction Company: Director Finance & Administration (March 2013 to June 2015) Worked with a construction Group in Saudi Arabia, as a Director Finance & Administration where I am also involved in a new set-up related to establishing a real-estate fund of sizeable amount. Training

As agreed with the owners of the Company, they allow me to impart financial training. Last year in March and April, I imparted training in the following areas to the employees of a well reputed local bank (group of 15 bankers):

Risk Management & Internal Controls in Banks (Basle II, COSO, SOX, FATF, etc.)

Credit Risk, Operational Risk, Compliance Risk & Reputation Risk

Corporate Banking Products & Services including Islamic Banking

Compliance, AML and CTF (for Core banking activities)

International Trade

Banque Saudi Fransi: 2003 to February 2013 - Deputy Chief Auditor/Chief Auditor The Saudi French Bank (an affiliate of Credit Agricole Indosuez, Paris) is one of the largest joint venture bank in Saudi Arabia and one of the 300 largest Banks in the world. It is managed by Credit Agricole Indosuez, Paris and operates in an on-line computerized environment with several international products and services, quite similar to North America. As a Deputy Chief Auditor, I fully supported the Chief Internal Auditor in Audit Committees, budgeting and planning, improving the Auditing standards, recruitment, etc., due to my long experience in this field. As a deputy in the Audit Group, I was responsible for overseeing the development and implementation of internal audit policies and procedures, assisting the Chief Auditor in finalizing the annual audit plan. I also assisted the Chief Internal 3 of 4

Auditor in day-to-day work and administration, and took charge of the Audit Group during his absence including organizing audit committee meetings, review of reports, etc. Some of my achievements are elaborated as follows:

Analytical review on impact of a ‘Sharp decline on Saudi Arabian Capital Market Index (TASI)”.

Compliance & Internal Controls Reviews: Organized, one of its kind, compliance, and internal control reviews across the Bank, which was very much appreciated by the Bank’s Executive Management and the Credit Agricole Indosuez (now CA CIB) – Paris.

Completed a bank wide audit of the credit portfolio of the Bank covering all risks including corporate governance, risk management and internal controls.

Evaluated and implemented an AML software in the bank with the cooperation of Credit Agricole Corporate & Investment Bank, Paris.

Regular engagement with the Investment Services Division of the Bank in improving risk management and internal controls.

Directly involved in the implementation of Basle II Operational risks management in the bank, representing Audit Division.

Reviewed at Credit Agricole - Luxembourg the Anti-money Laundering Software (Assist) developed by an American company and was directly involved in implementing this software.

Ensured updating of the audit methodology using risk-based approach and introducing Quality Assurance & Improvement Program ( QAIP).

Automation of audit work by implementing TeamMate 2000 (an automated audit tool developed by PriceWaterhouseCoopers) whereby the entire audit and compliance work is now being conducted in an electronic environment. As a result, the efficiency and productivity has significantly improved and all open exceptions are being effectively followed up and implemented.

Improved knowledge and skill of each team member of the audit team by organizing appropriate training, so that Audit Division remains up-to-date with best practices and developments that are taking place around the world.

Managed a complete audit of Islamic Banking products in the Bank from compliance viewpoints.

Taking up the challenge to work as a facilitator for Risk Self-Assessment exercise based on the Basle Committee regulations in coordination with parent Bank, Credit Agricole Indosuez, Paris. Banque Saudi Fransi: From 1986 to 2003 - Senior Audit Manager, Audit Manager, Team Leader As a Senior Audit Manager, my responsibilities included accomplishing the audit plan of Banking Audits for Head Office Group/Divisions and Centralized processing departments in the three Regions of the Bank e.g. Treasury Group, Corporate Banking Group, Credit Division, Retail Banking Group, Investment Services Division, etc. I was also responsible for providing a leadership role in improving the standards of the Audit Division with best practices around the world both from the technical and technological standpoints. Before that, I was managing the Banking audit team after getting promoted from the Team Leader’s position. During the above mentioned period, I managed, or led all types of audits in the Bank, which covered credit risk, operational risk, and non-compliance risk related to different entities, as elaborated below: Treasury Operations (Front & Back Office)

- International Capital Market (U.S. Mortgage Backed Securities, Asset Backed Securities, U.S. and European Bonds, Hedging instruments etc.), Spot & Forward Desk (all major currencies), Margin Trading, and Derivative desks (Interest Rate Options, interest rate SWAP, etc.).

Bank’s Credit and Portfolio review (covering all risks)

- Quality of lending to corporate, commercial and retail credit and evaluation of all associated operational risks and controls.

Investment Banking

- Local & International Stock Market (mainly U.S. and French), collateralized lending, Mutual Funds, structured product, discretionary investment management, etc.

Wealth Management

Conducted a full review of Wealth Management Division covering all risk i.e. Credit, Operations, and Compliance risks) International Trade

- Letters of Credit, Letters of Guarantee, and Inward and Outward bills for collection. Besides the above assignments, I have conducted several important investigations in Commercial Credit, Capital Market Activities (Brokerage, Mutual funds, Margin lending, etc.), Private Banking, etc…. 4 of 4

Besides the above assignments, I have conducted several important investigations in Commercial Credit, Capital Market Activities (Brokerage, Mutual funds, Margin lending, etc.), Private Banking, etc…. Banque Saudi Fransi: From 1982 to 1986 - Credit Manager Corporate/Commercial Banking; Branch Banking Operations (Selling Retail Banking, and Investment Banking products and services) At the Regional Management Level, I was in-charge for adjudicating the credit files received from the branches. During Branch Banking, I effectively analyzed the credit requirements for commercial and corporate banking clients through in-depth review of the balance sheet and understanding the credit needs of the clients. To his end, I had successfully met and exceeded the target and improved the main branch lending portfolio. I was appreciated by the Regional Manager for effectively preparing the credit files and maintaining the quality of lending. While dealing with private banking and elite clients, I dealt directly with high net-worth individuals and government functionaries; cross-selling bank’s investments products such as mutual funds, fixed income securities, etc. In this role, in addition to improving business, I ensured transparency with the client, compliance with the bank’s policies and procedures, compliance with banking rules and regulations that included all rules relating to high-networth individuals and Wealth management clients.

EDUCATION & CERTIFCATION

CANADIAN SECURITIES INSTITUTE, Toronto, ON 2001

Canadian Securities Certification - CSC (mandatory for Financial Advisors) . DHAKA INTERNATIONAL UNIVERSITY Dhaka, Bangladesh, 1968 Bachelor of Science Degree in Mathematics

PROFESSIONAL DEVELOPMENT

AUDITING INVESTMENT BANK

International Trainer from Merrill Lynch, New York Riyadh 2010 HEDGE FUNDS CONFERENCE

Dubai International Finance Center Riyadh 2009

ACCOUNTING & CONTROLS FOR CAPITAL MARKETS & DERIVATIVES, Training session by The facilitators company, U.K Riyadh 2004 FINANCIAL STRATEGIES IN BANKING INDUSTRY – INSEAD, Paris 2003 Workshop for senor management organized by Banque Saudi Fransi ADVANCE RISK MANAGEMENT II: INSTITUTE OF BANKING, SAUDI ARABIA Institute of Banking, Saudi Arabia Riyadh 1995

OTHER SKILLS & INTERESTS

- Microsoft office: Word for Windows, Excel, PowerPoint, etc.

- Auditing Software: TeamMate (audit Software), Bank’s Accounting and Database Software.

- Tennis & Bridge

AFFILIATIONS

- Member of Institute of Internal Auditors, USA

- Canadian Securities Institute

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