Shahzad Khalid
Karachi
Summary
Dedicated and detail-oriented Senior Risk Consultant with over 4 years of extensive experience in risk-based internal auditing, governance assessments, regulatory compliance, and internal control evaluations. Demonstrated expertise in leading internal audit engagements for financial institutions, donor-funded programs, and multinational corporations. Proven ability to assess, design, and implement control frameworks that improve operational efficiency and ensure compliance with regulatory standards.
Overview
4
4
years of professional experience
9
9
years of post-secondary education
1
1
Certification
Work History
Senior Risk Consultant – Risk Consulting
EY Ford Rhodes
Karachi
04.2025 - 04.2025
- Conducted entity-level risk assessments and developed annual internal audit plans.
- Developed Risk Control Evaluation Matrices (RCEMs) to evaluate the design and operational effectiveness of internal controls.
- Led risk-based internal audit engagements for public sector and donor-funded projects, including World Bank projects such as SSPDSS and BHCIP.
- Delivered high-quality internal audit reports and presented findings with actionable recommendations to senior stakeholders.
- Supervised audit teams, reviewed working papers, and ensured adherence to audit methodologies.
Risk Consultant – Risk Consulting
EY Ford Rhodes
Karachi
04.2023 - 03.2025
- Conducted multiple internal audits across sectors, leading planning, execution, and reporting phases.
- Designed risk-based audit programs and developed RCEMs tailored to client-specific risks and control environments.
- Documented comprehensive process flowcharts and narratives and led closing meetings with client management.
- Reviewed internal controls and provided value-added recommendations based on industry best practices to enhance governance and operational practices.
- Delivered high-quality internal audit reports and presented findings with actionable recommendations to senior stakeholders.
- Supported World Bank initiatives including the CLICK project and Katchi Abadis Institutional Assessment, with a focus on evaluating institutional capacity in budgeting, taxation, financial recovery mechanisms, and accountability frameworks.
- Conducted regulatory reviews and developed 'As-Is' and 'To-Be' process flows for local government entities, incorporating business process reengineering techniques to identify and eliminate operational bottlenecks and improve service delivery efficiency.
- Engaged with stakeholders, facilitated interviews, and contributed to documentation and policy reform proposals.
Senior Audit Associate – Risk Advisory Services
BDO Ebrahim Chartered Accountants
Karachi
04.2021 - 03.2023
- Led internal audit assignments for large commercial clients including Abbott, Sanofi, and Colgate-Palmolive.
- Conducted risk assessments and designed audit programs based on identified control gaps and business risks.
- Developed RCEMs and documented internal control environments to support audit evidence.
- Delivered internal audit reports with critical observations and collaborated with clients to implement corrective actions.
- Conducted AML/CFT compliance audits and independent reviews of financial institutions in alignment with SECP and SBP regulations.
- Led eCIB data reviews for banks to ensure completeness, accuracy, and regulatory compliance.
- Participated in policy development and enhancement of internal compliance frameworks for asset management clients.
- Developed RCEMs and risk registers in line with COSO ERM framework, contributing to strengthened governance structures.
Education
Association of Chartered Certified Accountants -
ACCA
01.2016 - 01.2023
Bachelor of Science -
Shah Abdul Latif University
09.2013 - 10.2015
Skills
- Risk-Based Internal Auditing
- Risk Control Evaluation Matrices (RCEM)
- Internal Audit Planning & Execution
- Control Design & Evaluation
- Regulatory Compliance (SECP, SBP)
- Enterprise Risk Management (COSO)
- Report Writing & Issue Documentation
- Microsoft Office Tools
Certification
- Data Integration - EY Bronze Learning Badge
- Internal Auditor Training - EY
- Enterprise Risk Management, EY
- General Data Protection Regulation (GDPR)
- EY Global Code of Conduct
Languages
English
Fluent
Urdu
Native
Client Portfolio
Financial Institutions & Asset Management:
- Faysal Bank Ltd. – eCIB Review, AML/CFT Audit
- Telenor Microfinance Bank – eCIB Review, AML/CFT Audit
- Pak Oman Asset Management – Regulatory & Compliance Review
Commercial & Healthcare Clients:
- Colgate-Palmolive Pakistan Ltd. - Internal Audit
- Sanofi Aventis Pakistan - Internal Audit
- Abbott Laboratories - Internal Audit
- DKT Pakistan - Internal Audit
- Holy Family Hospital - Internal Audit
Donor-Funded & Public Sector Projects:
- World Bank – SSPDSS, BHCIP, & CLICK - Internal Audit & Institutional Assessment
- Sindh Government Departments – Internal Audits & BPR
Timeline
Senior Risk Consultant – Risk Consulting
EY Ford Rhodes
04.2025 - 04.2025
Risk Consultant – Risk Consulting
EY Ford Rhodes
04.2023 - 03.2025
Senior Audit Associate – Risk Advisory Services
BDO Ebrahim Chartered Accountants
04.2021 - 03.2023
Association of Chartered Certified Accountants -
ACCA
01.2016 - 01.2023
Bachelor of Science -
Shah Abdul Latif University
09.2013 - 10.2015
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