Engagement Profile

Engagement Profile
Securities Exchange Commission Pakistan –
Asian Development Bank

Nature: Corporate Debt Securities Valuation Framework

Duration: 5 months – 2011

Description: Review of valuation framework for corporate debt securities for the mutual fund industry. Recommendations on creating a liquidity framework for illiquid bonds in the securities market.

GSK Benefit Funds

Nature: Investment Advisory

Duration: 12 months – July 2010 June 2011

Description: Review of valuation framework for corporate debt securities for the mutual fund industry. Recommendations on creating a liquidity framework for illiquid bonds in the securities market.

InvestBank Limited

Nature: Investment and Risk Advisory desk

Duration: 12 months – 2010

Description: Review of valuation framework for corporate debt securities for the mutual fund industry. Recommendations on creating a liquidity framework for illiquid bonds in the securities market.

Wateen Telecom

Nature: Cross Currency Swap Valuation

Duration: 2 months – 2010

Description: Opinion on valuation of Cross Currency Swap Portfolio.

Tameer Microfinance Bank

Nature: Consumer Credit

Duration: 3 months – 2010

Description: Review of micro-finance related consumer credit portfolio.

Warid Telecom

Nature: Cross Currency Swap Valuation

Duration: 2 months, 2009, 2010, 2011

Description: Opinion on valuation of Cross Currency Swap Portfolio.

Pakistan Oman Investment (Pvt.) Ltd.

Nature: Advisory

Duration: 2 months, 2009

Description: Creation of ICAAP Policy and preparation of first ICAAP report for submission to regulator.

Pakistan Kuwait Investments (Pvt.) Ltd.

Nature: Advisory

Duration: 2 months, 2009

Description: Creation of risk policy and preparation of risk management manuals for submission and approval by the Board.

United Bank Limited

(UBL – second largest bank in Pakistan)

Nature: Advisory

Duration: 2 months, 2009

Description: Opinion on valuation of Cross Currency Swap Portfolio.

KASB Bank

(800 million dollars in assets)

Nature: Treasury Platform

Duration: Current

Description: Treasury Front Office, Middle Office and Back Office for Money Market, Foreign Exchange Markets and Capital Markets.

Faysal Bank

Nature: Advisory

Duration: 2 months, October, November 2008

Description: Advisor to Faysal Bank’s on launching of put option on 7 public sector enterprises listed on the Karachi Stock Exchange on behalf of SECP, Ministry of Finance and KSE.

Emirates Global Islamic Bank

Nature: Advisory

Duration: 4 months, 2008

Description: Review of probability of default calculations, and credit portfolio analysis.

KASB Capital

Nature: Risk Management Implementation

Duration: 2008 – current

Description: Implementation of Alchemy Risk Manager modules for Market Risk Management.

Dawood Family Takaful Limited
(2nd Islamic Life Insurance Company in Pakistan)

Nature: Actuarial Advisory

Duration: 2007-2008

Description: Appointed Actuary. Responsible for product pricing, regulatory review, licensing application and re-insurance.

Asiacare Life and Health Insurance
(a subsidiary of Galleon funds, NY)

Nature: Actuarial and Investment Advisory

Duration: 2008

Description: Appointed Actuary.  Responsible for product pricing, regulatory review and licensing application.

Karachi Stock Exchange

Nature: Valuation of Investor and Clearing House Protection Fund

Duration: 2008 – 2009

Description: Using a VaR based valuation approach for valuation of expected and catastrophic losses on the Exchange and their impact on investors and the clearing house protection funds.

MyBank

Nature: Basel II – Implementation and Advisory

Duration: 2007-2009

Description: Implementation of Alchemy Risk Manager modules for:

  1. Basel II Capital Charge for Market, Credit and Op Risk
  2. Pillar II Reporting
  3. Market Risk
  4. Asset Liability Management

Probability of Default (PD) modeling, mapping

First Dawood Islamic Bank

Nature: Basel II – Implementation and Advisory

Duration: 2007 – Current

Description: Implementation of data capture, reconciliation process and analysis using Alchemy Risk Manager modules for:

  1. Basel II Capital Charge Calculation
  2. Central Bank Reporting
  3. Pillar II reporting
  4. Asset Liability Management Reports
  5. Market Risk Management
Karachi Stock Exchange

Nature: Advisory
(Market Risk)

Duration: November 2006 – June 2007

Description: Review and audit of Value at Risk based Margin requirements specified by the Securities and Exchange Commission Pakistan.
Product development review for Single Stock Futures, Single Stock Options, Index Futures and Index Option contracts.

KASB Bank

(800 million dollars in assets)

Nature: Basel II – Implementation and Advisory

Duration: November 2006 – Current

Description: Implementation of data capture, reconciliation process and analysis using Alchemy Risk Manager modules for:

  1. Basel II Capital Charge Calculation
  2. Central Bank Reporting
  3. Pillar II reporting
  4. Asset Liability Management Reports
  5. Market Risk Management
CresBank / SAMBA
(300 million dollars in assets)

Nature: Basel II – Implementation and Advisory services

Duration: March 2006 – Current

Description: Implementation of Alchemy Risk Manager modules for:

  1. Basel II Capital Charge for Market, Credit and Op Risk
  2. Pillar II Reporting
  3. Market Risk
  4. Asset Liability Management

Probability of Default (PD) modeling, mapping and validation against external benchmark.

Union Bank
(200 million dollars in assets)

Nature: Basel II – Implementation and Advisory services

Duration: August 2005 –
July 2006

Description: Implementation of Alchemy Risk Manager and integration with treasury application and core banking solution for:

  1. Market Risk Management
  2. Asset Liability Management
  3. Pillar II reporting
MCB
(5 billion dollars in assets)

Nature: Market Risk – Implementation and  Advisory services

Duration: May 2005 – June 2008

Description: Implementation of Alchemy Risk Manager, integration with treasury application and gap analysis for the central bank’s derivative business guidelines.

Formulation of market risk policies for derivative business.

State Life Insurance Corporation of Pakistan
(3 billion dollars in assets under management)

Nature: Advisory services

Duration: April 2005 – June 2008

Description: Contingent liability valuation, financial reporting, portfolio management, value at risk and asset liability management profiling for a 400 plus active positions in equities and fixed income portfolio in the domestic market.

The mandate also includes review of the above parameters for SLIC’s portfolio in UAE, Saudi Arabia and Kuwait.

InvestCapital

Nature: Advisory services

Duration: October 2006-July 2009

Description: M&A advisory services on Basel II profiles and impact analysis for selected acquisition targets.

Pricing and modeling assistance in launch of a zero coupon based savings and investment product.

Askari Bank
(3 billion dollars in assets)

Nature: Advisory services

Duration: November – December 2006

Description: Model audit and validation for Market Risk and Basel II capital charge calculations.

Union Bank

Nature: Advisory services

Duration: April –
June 2005

Description: Gap Analysis for Market Risk and Derivative desk.

Pakistan Kuwait Investments

Nature: Advisory services

Duration: Jan –
April 2005

Description: Gap Analysis for Treasury, Market Risk and Derivative desk.

Dubai International Financial City (DIFC)

Nature: Advisory services

Duration: January 2003

Description: Review of capital adequacy rules for DIFC. Subcontracted work from E&Y Australia and Karachi.

Trainings & workshops

Nature: Training

Duration: Aug 2003 –
May 2009

Description: 90 plus interactive workshops on Enterprise risk, Interest rate Models, Derivative pricing, Basel II and Portfolio optimization.

Trained more than 1500 treasury, corporate and risk professionals in Karachi, Lahore, Dubai, Riyadh and Bangkok.

Workshops conducted for Financial Market Association (Treasury), State Bank of Pakistan, Pakistan Bank Associations, Riyad Bank, Dubai Islamic Bank, Wealth Management and other regional customers.

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