MADIHA RUBAB
Chartered Accountant, MBA - Banking & Finance, LLB, LLM, JAIBP, AML Specialist
Karachi
Summary
Seeking a dynamic & challenging role to utilize my extensive qualifications as a Chartered Accountant, MBA, LLB, and LLM. With a diverse background in finance, business management and law, My objective is to contribute to organizational success by leveraging my multifaceted skill set. I aim to lead cross-functional teams, employing analytical thinking, strategic acumen, and problem-solving abilities to drive financial growth, ensure compliance, and optimize operations. Committed to staying updated on emerging trends, I continuously expand my knowledge to deliver exceptional results that positively impact the organization's bottom line.
Overview
17
17
years of professional experience
21
21
years of post-secondary education
Work History
Manager Digital
Institute of Chartered Accountants of Pakistan , ICAP
09.2022 - 03.2023
- Assisted the Board in process of liaising with key AI technology providers.
- Contributed to the introduction of IT-related training programs like SAP and other programs.
- Collaborated with industry experts and consultants in designing new courses.
- Developed and reviewed training material.
- Maximized performance by monitoring daily activities and mentoring team members.
- Accomplished multiple tasks within established timeframes.
- Cross-trained existing employees to maximize team agility and performance.
- Leveraged data and analytics to make informed decisions and drive business improvements.
- Successfully managed budgets and allocated resources to maximize productivity and profitability.
- Launched quality assurance practices for each phase of development of a new course.
- Developed detailed plans based on broad guidance and direction.
- Established team priorities, maintained schedules and monitored performance.
Risk Analyst / Relationship Associate
Allied Bank Limited, ABL
07.2010 - 07.2011
- Initiated Credit Applications for the approval of Treasury & Trade lines for Local Commercial banks, NBFI & Foreign banks based on recommendations.
- Liaised with the Risk Management Group for FI risk-related issues and handled queries relating to Credit Application approvals.
- Updated the latest financial profiles of FI & NBFI for performance appraisal on a year-to-year, Semi annual and Quarterly basis.
- Liaised with the Compliance Department for completion of KYC/AML requirements of correspondent banks.
- Managed relationship with Foreign banks for the growth of Guarantee Business.
- Employed strong program management skills to successfully define and manage ongoing initiatives designed to control risks
- Produced accurate and timely collections reports, facilitating measurement, decision-making and engagement with customers.
- Employed strong program management skills to successfully define and manage ongoing initiatives designed to control associated risks.
- Produced and filed reports to inform senior management of current activities and progress with investigations.
- Proficient in preparing the Consolidated Financial Statements of FIs & NBFIs.
- Demonstrated expertise in maintaining bank reconciliations of accounts operated on the dealing platform.
- Skilled in inter fund settlement, including voucher/receipts settlement, within the production system.
- Experienced in recording and maintaining retrocession provisions.
- Conducted thorough financial analysis by reviewing target FI's financial statements, including balance sheets, income statements, and cash flow statements. Analyzed financial ratios, profitability, liquidity, and solvency to evaluate the financial health and stability of the company.
- Assessed target company's compliance with relevant financial regulations and laws, such as anti-money laundering (AML), know your customer (KYC), and other regulatory requirements specific to the financial industry. Ensured adherence to regulatory frameworks and identified potential compliance risks.
- Evaluated target company's risk management practices, including risk identification, measurement, and mitigation strategies. Assessed credit risk, market risk, operational risk, and liquidity risk to identify vulnerabilities and evaluate the effectiveness of risk management systems.
- Conducted a comprehensive review of legal documents, contracts, loan agreements, and other relevant documentation to identify legal or contractual risks, potential liabilities, and ensure validity and enforceability of agreements.
- Assessed corporate governance structure, board composition, management team qualifications, and experience. Evaluated effectiveness of internal controls, risk management processes, and compliance procedures.
- Conducted analysis of target company's client base, counterparties, and their financial standing. Evaluated creditworthiness, reputation, and business relationships to ensure sound practices and minimize counterparty risks.
- Reviewed target company's technology infrastructure, systems, and cybersecurity measures. Assessed adequacy of data protection measures, information security, and IT controls to safeguard sensitive customer information.
- Analyzed the quality of target company's assets, including loans, investments, and securities. Assessed creditworthiness of borrowers, performance of loan portfolios, and valuation of investments.
- Conducted comprehensive market analysis to understand target FI's competitive position, industry trends, growth potential, and market dynamics. Evaluated business strategy, market share, and revenue diversification.
- Analyzed target company's financial projections, including revenue forecasts, expense projections, and cash flow forecasts. Conducted valuation assessments to determine fair value and potential returns on investment
- Proficient in inputting and uploading NAVs of open-ended mutual funds across systems and maintaining valuation models.
- Proven track record of initiating, testing, and implementing new processes while improving existing ones through collaboration with other departments.
- Maintained subsidiary records of fund placements and reconciled them with the General Ledger.
- Prepared comprehensive reports outlining liquidity and reconciliation of accounts in Foreign Currency & Local Currency .
- Restructured Valuation Models to enhance accuracy and efficiency.
- Established strong relationships with peer banks, engaging in discussions on market updates and operational issues.
- Contributed to the development and testing of systems to accommodate new products.
- Assisted in preparing market commentaries and reports to provide valuable insights.
- Skillful in preparing Investment Committee presentations.
- Prepared Monthly Investment Consolidation pack, showcasing critical information and analysis.
- Reported and Managed monthly placements of Funds.
- Ensured accurate account movement activity on Fund placement platform, reconciling foreign currency balances.
Head Accounting Policies & Procedures
Allied Bank Limited
04.2008 - 06.2010
- Devised accounting policies, procedures and accounting manual encompassing all banking operations
- Identified to be processes and as is processes for switching to Temenos T -24
- Suggested accounting treatment for new products and accordingly management of RCOA for rollover to Temenos T -24
- Peer Bank analysis regarding the Non Earning Assets and Provision for Investments
- Streamline of COA with the existing products to ensure that there is no duplication and the balances are parked in the correct account code
- Assisted the Business Continuity Planning (BCP) consultants.
- Tracked business revenue and expenditures and reconciled accounts to maintain high accuracy.
- Investigated daily variances and corrected errors to resolve discrepancies.
- Analyzed and reported on financial data to support business decisions.
- Educated accounting team on forecasting, financial statuses and financial strategies to assist in annual budget creation.
- Generated monthly and quarterly financial statements for executive review.
- Collaborated with other departments to achieve accurate and prompt financial reporting.
- Developed and implemented various procedures to improve accounting process.
- Maintained integrity of general ledger and chart of accounts.
- Compiled general ledger entries on short schedule with 100% accuracy.
- Trained new employees on accounting principles and company procedures.
- Tracked funds, prepared deposits and reconciled accounts.
- Reviewed accounts, resolved coding areas, and tracked recurring expenses for accrual entry.
- Prepared working papers, reports and supporting documentation for audit findings.
Senior Commercial Manager
Huawei Technologies Pakistan (Private) Limited
06.2007 - 12.2007
- Drafted, negotiated, and reviewed international and local contracts, including service and engineering contracts, supply and purchase agreements, and license agreements.
- Formulated and executed contractual policies and strategies to ensure successful implementation, cost-effectiveness, and risk avoidance and mitigation.
- Proposed commercial solutions in response to RFP/RFT/RFQ from telecom operators.
- Liaised with different operators, both national and international, regarding taxation models, double taxation avoidance, Permanent Establishment Issues, and Sales tax matters.
- Conducted market research and analysis to create detailed business plans on commercial opportunities, business development and expansion.
- Used key metrics and prepared reports for senior management to monitor performance of commercial activities.
- Devised pricing methodologies and industry strategies through economic and business analysis.
- Negotiated contracts and product prices by collaborating with vendors and developers.
- Engaged in product training, demonstrations, consumer awareness, branding, and acquisition initiatives to raise awareness and revenues.
- Resolved problems with high-profile customers to maintain relationships and increase return customer base.
- Facilitated business by implementing practical networking techniques.
- Liaised with sales, marketing, and management teams to develop solutions and accomplish shared objectives.
Area Manager Compliance
Al Baraka Islamic Bank B.S.C
12.2005 - 06.2007
- Implemented robust KYC and AML procedures and policies in accordance with Islamic banking principles, Know Your Customers' Guidelines and regulatory requirements.
- Ensured timely detection and monitoring of the implemented system to comply with regulatory requirements.
- Contributed to the ten-year master plan by the IFSB and provided feedback on the corporate governance draft exposure by the SBP.
- Conducted thorough customer due diligence, including identification verification, risk assessment, and ongoing monitoring to ensure compliance with KYC regulations.
- Developed and implemented customer onboarding processes, including the collection and verification of necessary documentation and information.
- Conducted enhanced due diligence (EDD) on high-risk customers, politically exposed persons (PEPs), and other potential high-risk individuals or entities.
- Monitored customer transactions and activities for suspicious patterns or red flags, promptly reporting any potential money laundering or terrorist financing activities to the appropriate authorities.
- Collaborated with internal stakeholders and regulatory bodies to ensure adherence to AML regulations, conducting regular internal audits and risk assessments.
- Provided training and guidance to staff members on KYC and AML procedures, fostering a culture of compliance and awareness throughout the organization.
- Stayed updated on changes in AML and KYC regulations and industry best practices, implementing necessary enhancements to internal processes and systems.
- Maintained accurate and up-to-date records and documentation for KYC and AML purposes, ensuring proper recordkeeping and audit trail.
- Conducted periodic reviews and refresh of customer profiles and risk assessments to ensure continued compliance with KYC and AML requirements.
Education
Chartered Accountant (2018) - Accounting And Finance
The Institute of Chartered Accountants of Pakistan
Pakistan 07.2002 - 06.2018
LLM - Legal Studies
Karachi University
07.2009 - 04.2011
LLB -
Karachi University
07.2006 - 04.2007
MBA - Banking & Finance
Mohammad Ali Jinnah University (MAJU)
06.2004 - 04.2006
Banking & Finance
Junior Associate of Institute of Bankers of Pakistan (JAIBP)
06.2005 - 04.2006
Skills
Computer Skillsundefined
Accomplishments
- Certified Anti Money Laundering Professional from the Institute of Financial Markets of Pakistan (2021)
- Certified Stock Broker from the Institute of Financial Markets of Pakistan (2021)
- Financial Modelling & Valuation Analyst (FMVA) course from Corporate Finance Institute (2021)
- Completed course on Data Analysis and Visualization using Power BI conducted by Southern Regional Committee – ICAP (2021)
Affiliations
Served mandatory training period of four years as per the requirement of the Institute of Chartered Accountants of Pakistan with Ford Rhodes Sidat Hyder & Co. Member firm of ERNST & YOUNG, from May 1999 till May 2003.
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
Judge a man by his questions rather than his answers.
Voltaire
Timeline
Manager Digital
Institute of Chartered Accountants of Pakistan , ICAP
09.2022 - 03.2023
Risk Analyst / Relationship Associate
Allied Bank Limited, ABL
07.2010 - 07.2011
LLM - Legal Studies
Karachi University
07.2009 - 04.2011
Head Accounting Policies & Procedures
Allied Bank Limited
04.2008 - 06.2010
Senior Commercial Manager
Huawei Technologies Pakistan (Private) Limited
06.2007 - 12.2007
LLB -
Karachi University
07.2006 - 04.2007
Area Manager Compliance
Al Baraka Islamic Bank B.S.C
12.2005 - 06.2007
Banking & Finance
Junior Associate of Institute of Bankers of Pakistan (JAIBP)
06.2005 - 04.2006
MBA - Banking & Finance
Mohammad Ali Jinnah University (MAJU)
06.2004 - 04.2006
Chartered Accountant (2018) - Accounting And Finance
The Institute of Chartered Accountants of Pakistan
07.2002 - 06.2018
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