Jay Pherwaani Email & Phone Number

United Arab Emirates

Managed the internal audit function relative to multiple business & support units from inception to completionPartnered with Operational, Market and Credit Risk teams to resolve critical incidents & ensured business operationsFormulated Risk Control Self-Assessment (RCSA) questionnaires and ensured accurate validation & completionSuccessfully led Anti-Fraud investigations & successfully resolved gaps, loopholes and inaccurate submissionsConducted meetings to review and resolve audit findings with business heads and auditee managementSuccessfully conducted quarterly Basel Pillar 3 assessment and confirmed compliance with Central Bank ReportingReviewed and validated write-off approaches and recommended recovery strategies resulting in financial benefitsSupervised enterprise level audits across corporate & retail banking, treasury, precious metals, wealth management including support units.

United Arab Emirates

Oversaw Internal Audit Unit, headed a team of 3 executives in Internal Audit Credit Cards CollectionsDeveloped and implemented comprehensive internal audit management and control procedures for credit card collections, including process audits, independent cash audits, call monitoring, and vendor managementRe-engineered audit processes resulting in improvements, risk mitigation & optimized organizational performanceReviewed cash accounts, delivered monthly financial presentations with increasing statistics, and provided insights on product-wise Gross Credit Loss, Recovery, Net Credit Loss, resource allocations, & expenses Developed and managed capacity plans, incentive grids, legal processes, and accounts reconciliation with agencies to drive efficiency and productivity resulting in improved process and operational efficiencyReduced costs in expense management boosting profitability & optimized resourcing allocations

United Arab Emirates

Major assignments included - Standard Chartered Bank, Invest Bank, Union National Bank, HSBC Insurance Brokers Limited, Gulf Films, Emirates Technology, Royal Mirage Hotel.

Mumbai, Maharashtra, India

Managed 2 executives in the Finance division managing budgets, costs, and trends and projections across AsiaIdentified and implemented cost reduction initiatives through thorough investigations and ratio analysisOversaw project financials and managed Balance Sheet items for Technology and Information Systems cost centersDeveloped and presented to Executive Managements, including pipeline, reallocations, & performance analysisConducted variance analysis to monitored implementations of strategic decisions to optimize business performance

Chartered Accountant, Auditing

Bachelor'S Degree

Chartered Accountant