Khizra Ashfaq - ACCA

Experience

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  Meezan Bank Limited

  Mar 2019 - Mar 2020

  Relationship Associate - Corporate and Financial Institution Department

  Roles and Responsibilities:1. Manage Corporate Portfolio of clients within Oil & Gas, Iron & Steel, Sugar, Chemicals, Textile, & FMCG sectors.2. Manage the entire transaction flow in each respective assigned account. This includes timely profit flow upon the working capital lines and term loan facilities of each respective account along with daily execution and monitoring of transactions in funded and non-funded lines of each corporate account.3. Prepared credit proposals after understanding and assessing clients' business models, reviewing the industry trends, and conducting in-depth financial information on clients.4. Obtained credit proposal approvals from the Senior Management and other Departments.5. Ensured compliance with Shariah guidelines, Prudential Regulations, and Bank's Credit policy Show less

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  SECP

  Jun 2020 - Jun 2023

  Role:1) Participating in the annual consolidated plan for the onsite inspections2) Contributing as an Inspection Team member during pre-inspection analyses3) Leading Comprehensive on-site Compliance audits/inspections of major public-listed and private-listed companies to inspect the level of compliance with the established applicable laws and regulations, internal by-laws, and codes of corporate governance practices.(a) Scrutinizes financial and operational data and information of the Company during the inspection(b) Gather sufficient appropriate evidence against the observations(c) Frame observations in accordance with underlying laws and compliance of the Sector/ Industry to obtain companies' responses(4) Liaising and coordinating with other regulatory bodies, such as Pakistan Stock Exchange, and Pakistan Mercantile Exchange for obtaining data during the compliance audit.(5) Analyzing the equity trading data of the Company and forming observations(6) Reviewing accounting and reporting systems for IFRSs and statutory compliance(7) Identifications and reporting of potential weaknesses in internal controls and policies, as well as risks in current compliance practices for Anti-money Laundering /Counter Financing of terrorism.(8) Reviewing SOPs of the entities and suggest improvements considering applicable laws and regulations(9) Discussing results of the analysis with Team Leads for review and feedback(10) Drafting Audit/Inspection Reports(11) Preparing for and coordinating operation/internal audit of the department Show less Onsite Department | Supervision DivisionRole:1) Participating in the annual consolidated plan for the onsite inspections2) Contributing as an Inspection Team member during pre-inspection analyses3) Leading Comprehensive on-site Compliance audits/inspections of major public-listed and private listed companies to inspect the level of compliance with the established applicable laws and regulations, internal by-laws, and codes of corporate governance practices. (a) Scrutinizes financial and operational data and information of the Company during the inspection (b) Gather sufficient appropriate evidence against the observations (c) Frame observations in accordance with underlying laws and compliance of the Sector/ Industry to obtain companies' responses 4) Reviews accounting and reporting systems for IFRSs and statutory compliance5) Identification and reporting of potential weaknesses in internal controls and policies, as well as risk in current compliance practice for Anti-money Laundering /Counter Financing of terrorism. 6) Implementing risk-based methodology for conducting compliance audits.7) Reviews SOPs of the entities and suggest improvements considering applicable laws and regulations 8) Discussing results of the analysis with Team Leads for review and feedback9) Drafting Audit/Inspection Reports10) Prepares and coordinate operation/internal audit of the department Show less Supervision Division | Onsite Department Role:1. Contribute as Inspection Team member during pre-inspection analyses2. Conducts Onsite Inspections/Audits: (a) scrutinizes data and information during inspection (b) gather evidence against the observations (c) frame observations in order to obtain companies' responses 3. Review accounting and reporting systems for IFRSs and statutory compliance4. Discuss results of the analysis with Team Leads for review and feedback5. Draft and compile Audit/Inspection Reports6. Prepare for and coordinate operation/internal audit of the department 7. Read and understand AML/CFT, Insurance, and Takaful Rules Show less Insurance Division | Supervision Department Role:1. Draft internal emails on queries received from other departments2. Draft management reports for review of our head3. Draft orders and correspondence insurance companies and takaful operators4. Map information needed to conduct a preliminary analysis before auditing5. Assisted the onsite team in data acquisition, analysis, and framing of issues7. Coordinated with focal persons of regulated entities for inspection purposes8. Read and understand codes, internal policies, and operational manuals 9. Read the Corporate Governance Code, the Companies Act, and the Insurance Ordinance 2000 Show less

  • Management Trainee | Capital Market

    Dec 2022 - Jun 2023

  • Management Trainee | Asset Management and NBFCs Onsite Team

    Oct 2021 - Dec 2022

  • Management Trainee | Insurance, Takaful and Re-insurance Brokerage Onsite Team

    Apr 2021 - Oct 2021

  • Management Trainee | Insurance, Takaful and Re-insurance Brokerage Onsite Team

    Jun 2020 - Mar 2021
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  PAIR INVESTMENT COMPANY LIMITED

  Jul 2023 - Dec 2023

  Deputy Manager - Internal Audit

  1. Responsible for carrying out internal audit-related activities as per the direction of immediate supervisor.2. Performance of audit procedures, including identifying and defining issues reviewing analyzing and collecting audit evidence3. Identification of weak internal controls while reviewing policies and procedures of other departments during audits4. Ensure compliance with policy and procedures of internal audit5. Conduct monthly vouching and reports to supervisors for errors and omissions noted6. Review system applications to ensure user access is properly segregated and restricted to job performance7. Maintain and follow up on compliance status of previously issued audit reports8. Assist Chief Internal Auditor in preparation of board audit committee files/documentation Show less

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  National Clearing Company of Pak Ltd. (NCCPL)

  Jan 2024 - now

  Assistant Manager - Regulatory Compliance

  1. Assist in the performance of periodic compliance reviews.2. Maintaining complete documentation and supports as part of compliance reviews.3. Drafting observations related to chapters of NCCPL assigned for incorporation in compliance reports.4. Preparing Checklists for review by Compliance Manager. 5. Follow up on observations reported to departments6. Keep track of updates in laws and regulations for compliance purpose.7. Reporting to Manager for any non-compliance observed with reference to applicable laws. 8. Ensure timely completion of compliance review on a quarterly basis. 9. Any other task assigned by the Manager- Regulatory Affairs and Compliance Department. Show less