Wasim Barkat

• Conducting branch audits and investigate incidents involving fraud, forgery, and other irregularities.
• Identify operational and procedural control gaps, and recommend actionable improvements to mitigate associated risks.
• Review and rectify audit findings, coordinate with relevant branches to ensure timely resolution, and liaise with senior management for appropriate disciplinary actions against staff involved in serious breaches of banking protocols.
• Develop and propose strategic initiatives to support the bank in achieving its organizational objectives.
• Lead training, coaching, and mentoring programs to enhance staff competencies and transform them into valuable human capital for the bank.
• Compile and maintain comprehensive audit documentation for review by the State Bank of Pakistan and the internal Quality Control department.

• Served as the second most senior position within the Internal Audit function, reporting directly to the Head of Internal Audit. Led a nationwide audit team of 19 professionals to execute audits and special assignments in line with the approved annual plan and directives of the Board Audit Committee.
• Oversaw the allocation of audit teams for branch audits, investigative reviews, special assignments, and financial management audits.
• Reviewed and analyzed audit reports related to branch operations, credit portfolios, and forensic investigations to ensure accuracy, integrity, and alignment with regulatory standards.
• Acted as a key liaison between field audit teams and management, assigning responsibilities, providing guidance, and ensuring the execution of audit activities with efficiency and compliance.
• Assisted the Head of Internal Audit in fulfilling various reporting and oversight requirements of the Board Audit Committee.
• Coordinated with the Disciplinary Action Committee (DAC) to facilitate appropriate actions against staff involved in significant violations of banking procedures.
• Supervised the rectification process of audit reports and followed up with respective audit units to ensure timely closure and implementation of corrective actions.
• Led training, coaching, and mentoring initiatives to elevate staff capabilities and foster their development into high-value assets for the organization.
• Prepared Internal Controls over Financial Reporting (ICFR) documentation for review by the State Bank of Pakistan and external auditors.

• Conduct audits across various bank segments, including branches, Credit Administration departments, consumer banking units, and regional offices, as well as investigate incidents of fraud and forgery.
• Review and rectify audit reports, following up with respective audit units to ensure timely closure and escalating to senior management for disciplinary action against staff in serious procedural breaches.
• Design and deliver training, coaching, and mentoring programs to elevate staff competencies and transform them into high-value assets for the bank.
• Prepare Internal Controls over Financial Reporting (ICFR) documentation for review by the State Bank of Pakistan and external auditors.

Key Achievements at UBL

• Promoted from Auditor to Audit Manager within four and a half years, demonstrating accelerated career progression.
• Awarded annual cash prizes for outstanding performance over eight consecutive years.
• Developed and implemented comprehensive AML/KYC checklists to strengthen compliance frameworks.
• Co-authored Risk-Based Audit Guidelines, detailing essential audit steps and methodologies.
• Created detailed consumer audit checklists to standardize and streamline audit procedures.
• Designed system flowcharts of key banking products and processes to support the onboarding and training of new audit team members.

Joined Kamran & Co. in 2003 as Assistant Manager (Audit & Tax) and, leveraging extensive experience in income-tax and company-law matters, was promoted to Manager Corporate Affairs.

Key Responsibilities

• Lead the preparation and filing of statutory corporate returns in compliance with the applicable laws and regulations.
• Prepare, analyze, and present financial and management accounting reports; coordinate seamlessly with external auditors and tax authorities.
• Manage the full portfolio of internal and external audit engagements, ensuring adherence to professional standards and client requirements.
• Conduct feasibility studies and risk assessments to inform strategic business decisions.
• Draft and review financial statements for banking and tax submissions, ensuring accuracy and regulatory compliance.
• Perform detailed ratio analyses and risk reviews to monitor financial health and operational efficiency.
• Oversee special investigation assignments, synthesizing findings into actionable reports for senior management.

• Lead the preparation and filing of statutory corporate returns in compliance with the Companies Act.
• Prepare, analyze, and present financial and management accounting reports; coordinate seamlessly with external auditors and tax authorities.
• Manage the full portfolio of internal and external audit engagements, ensuring adherence to professional standards and client requirements.
• Conduct feasibility studies and risk assessments to inform strategic business decisions.
• Draft and review financial statements for banking and tax submissions, ensuring accuracy and regulatory compliance.
• Perform detailed ratio analyses and risk reviews to monitor financial health and operational efficiency.
• Oversee special investigation assignments, synthesizing findings into actionable reports for senior management.