Khurram Nawaz

Managed consolidation of Non-Interest Expenses (NIE) forecast/plan and analyzed against prior year and quarter, highlighting key business drivers. Led NIE forecast/plan allocations to Business Segments/Functions, aligning risks and opportunities. Streamlined NIE's inter-departmental charge-outs and recoveries.

Tracked project approvals and drawdowns, collaborating with Finance for additional funding. Documented current financial processes using Visio, discussing target states with stakeholders to improve processes. Led weekly and monthly financial status meetings with project managers and created monthly accruals packages.

Managed periodic reporting and advisory support for multiple LOBs under Wealth Management and Wholesale banking. Analyzed financial results, provided detailed explanations for variances, and recommended corrective actions. Drove process improvement initiatives across the finance function, slashing reporting time and streamlining invoice payments.

Conducted quarterly financial reporting for Canadian and US entities, drafting accounting policies and regulatory requirements. Led implementation of IFRS 9 for retail banking portfolios, specifically provisioning for credit loss. Analyzed cost drivers and provided insights to executives to improve operational efficiencies.

Prepared timely and accurate monthly and quarterly financial statements for Canadian Operations, including accounting policies and disclosure statements. Managed and oversaw monthly and quarterly reporting of regulatory capital under Basel III Reform rules. Proactively identified opportunities to strengthen and improve reporting processes and controls.

Led monthly and quarterly consolidated financial statements for the Bank with local and foreign subsidiaries as per IFRS and central bank regulations. Managed Group Basel and regulatory reporting to the Central Bank, liaising with banking supervision. Led various projects including Cost/Profit center identification, GL restructuring, and core banking system upgrades.

Conducted financial audits for various clients, ensuring compliance with accounting standards and regulatory requirements. Prepared comprehensive audit reports and communicated findings to management, contributing to improved financial controls.

Obtained the Chartered Accountant designation from the Institute of Chartered Accountants in England and Wales (ICAEW). This certification signifies expertise in accounting and finance.

Completed a Bachelor of Commerce degree, focusing on fundamental business and financial principles. Gained a comprehensive understanding of commerce-related subjects.