Atif Islam FCA

Experience

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  Grant Thonton Pakistan

  Jan 1997 - Jan 2001

  Articled Student

  Major Job responsibilities & workdone include Audit & Assurance and Financial Advisory assignments (including Statutory & special audit assignments, Feasibilities, Financial Systems, Financial Due diligence, Restructuring & Valuations).

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  Union Bank

  Jan 2002 - Jan 2002

  Senior Financial Consultant (Contract)

  Major Job responsibilities & work done:• Conducted a high profile financial assignments involving one of the Bank’s troubled customer (advising the customer on financial restructuring, business process improvements, enhancing business margins, profitability improvement, cost reduction, enhancing debt repayment capacity, cash flow management & control)• Advising on the Bank’s top lending officials on devising on a financing strategy to recover the principal as well as mark up on a restructured repayment plan• Convincing the Bank to continue working capital financing on revised terms to generate moderate revenue/capital recovery, rather freezing the liquidity & incurring a revenue loss as well as a potential NPL• Developed a Financial Restructuring & Debt repayment plan on revised terms• Developing & submitting periodic reports (covering queries/control lapses/findings, financial & control performance and financial/control recommendations & improvements) Show less

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  Prime Bank (Now Faysal Bank)

  Jan 2003 - Jan 2005

  Manager Audit

  Major Job responsibilities & work done:• Managing internal audit affairs & processes• Developing & implementing overall audit manual/framework, individual audit plans/programs and conducting audits for the following banking areas- Investment Banking / Treasury (Front Office – Corporate Finance, Sales & Trading - securities, Research), (Middle Office – Risk management, Financial Control, Corporate Strategy & Compliance) & (Back Office – Operations & IT)- Investment/Asset Management (Steered the launching of a new mutual fund)- Credit & Lending (Financial Products, Funded & Un-funded Products, Secured – collateralized & unsecured lending, Corporate Financial Products, SME Financial Products and Consumer Financial Products – Credit cards, personal loans, car financing etc)- Foreign Trade- Banking operations (Deposits, cash management, fund transfers, clearing services, customer relationship management etc.)- Central Finance & Accounts, Financial Reporting & Accounting- Compliance with Central Bank’s regulatory framework (Prudential Regulations)• Developed risk management frameworks (with reference to BIS & Basel accords) for the bank (covering the areas of credit, market & operational risk)• Control evaluation, analysis, identifying deviations with the audit framework & SOPs, quantifying repercussions, reporting of audit findings & recommending potential improvements Show less

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  MPI

  Jan 2006 - Jan 2008

  CFO

  Major Job responsibilities & work done:• Controlled and managed the financial affairs reporting to Director Finance & BOD• Controlled banking relationships including arrangement of new financial facilities, extending existing financial lines and overall management of funded and non funded facilities• Managed cash flows and treasury functions including investment appraisals and feasibilities for new projects• Managed Budgetary functions & Forecasting• Assets & Working Capital management• Managed functions of financial statements preparations, management reporting & other statutory reporting and related controls• Managed arrangements with tax consultants and implementation of their tax advices• Ensuring financial & operating controls at all levels and functions Show less

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  KPMG

  Jan 2008 - Jan 2009

  Senior Team Leader - Audit (Contract)

  Major Job responsibilities & work done:• Managing audit assignments in the industrial & financial sector• Audit planning, staff allocation & budget planning• Managing audit field work with onsite resolution of audit queries and objections• Drafting management letter for onward submission to the clients• Audit finalization & Audit report preparation• Major clients included large conglomerates in financial & industrial sector & multinationals• Managed multi-cultural &multi tasking work groups on audit assignments Show less

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  Ghazi Group

  Jan 2010 - Jan 2011

  Head Of Audit and Controls

  Major Job responsibilities& work done:• Managing the internal audit & risk management department (reporting directly to Audit Committee)• Developing & implementing risk based audit framework/manual, audit plans & audit programs covering all the major operating areas of the Group• Developing & implementing Standard Operating Procedures (SOPs), standardizing and aligning business operations with Corporate Strategies & Tactics• Control and Risk evaluation & documentation of Financial & Business processes/procedures/systems (including financial reporting system)• Identifying & analyzing control weaknesses, audit objections and their repercussions• Developing & Submitting audit reports alongwith recommendations• Staff management, performance appraisal & training Show less

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  Saudi Pak Industrial & Agricultural Investment Co. Ltd.

  Sept 2012 - Dec 2015

  Senior Vice President - Head of Internal Audit

  Heading the Internal Audit Function and Reporting to the Board of DirectorsMajor Job responsibilities & work done:• Heading and Directing the Internal Audit Function of the Development Financial Institution (DFI)• Overseeing the implementing/improving internal audit processes/plans and programs• Giving directions and guidelines to the Internal Audit Function and audit staff• Continuously liaising with the senior management and Board of Directors for smooth running and improving the operating performance of the Company• Responsible to the Board for Reporting on efficacy of internal controls of major divisions of the DFI, especially Corporate Finance, Treasury, Portfolio Management and Finance divisions• Reporting to Board of Directors and Audit Committee• Giving constructive advice to the senior management and Board for improving the operating performance of the Company, highlighting critical control weaknesses and giving recommendations to improve and bridge the gaps in the control environment and procedures Show less

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  Self-employed

  Jan 2016 - Dec 2019

  Independent Consultant
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  TANGENT TA Consulting

  Jan 2020 - Apr 2021

  Head of Business Risk (Internal Audit) & ERP
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  Ghazi Group

  Aug 2023 - now

  Head of Audit