Muhammad Hamza Asad Email and Phone Number
I am pursuing a career as an actuary with an ASA designation. Currently, I am working in the Banking Industry with a primary focus on Financial Services Transformation, working on LIBOR transition projects across the largest banks in the MENA region. Prior to this, I worked in the UAE General Insurance industry focusing on Reserving, Pricing, and Enterprise Risk Management. I also have experience in Employment Benefits whereby I conducted data analysis and actuarial valuations of post-retirement gratuity schemes under the framework of IAS 19.I have also been acquiring proficiency in multiple programming languages and data analysis tools such as Python, C++, VBA, Excel, SQL, Qlikview, Power BI and R.Exam Progression:• Probability• Financial Mathematics• Investments and Financial Markets• Statistics for Risk Modelling• Short Term Actuarial Mathematics• Predictive Analytics• VEE Mathematical Statistics• Fundamental Actuarial Mathematics - Long Term
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ManagerEy Oct 2023 - PresentDubai, United Arab Emirates -
Assistant ManagerEy Apr 2023 - Sep 2023Dubai, United Arab Emirates• Assisted the largest bank in the UAE to transition from IBOR to Risk Free Rates (RFR) focusing on the Global Corporate Finance (GCF) and Global Transaction Banking (GTB) workstreams, covering a book size of ~USD 46Bn• Prepared & reviewed Term Sheets for legacy and Day 1 RFR deals to advise on the commercial and operational feasibility, considering RFR conventions, system readiness, hedge linkages and viability of requested deviations from the Bank’s default positions• Co-developed client negotiation frameworks, devised in conjunction with BUs and support functions such as Corporate & Investment Banking (CIB), PBG, Legal and Compliance to ensure commercial viability and adherence to conduct risks• Conducted On-BS and Off-BS exposure assessment of ~$300Bn book, identifying 10,000+ impacted transactions and reconciling exposures with general ledgers and Pillar 3 reports• Built 20+ Power BI and Tableau based exposure dashboards to monitor Banks’ impacted exposure monthly using data visualization techniques• Conducted risk assessment covering business units and support functions such as Corporate & Investment Banking, Personal & Private Banking, Global Markets, Islamic Banking, FTP, ALM, IT, and Legal• Automated the bank-wide deal tracking process to efficiently record the progress of transition -
Senior Consultant - FsrmEy Jan 2022 - Mar 2023Dubai, United Arab Emirates -
Actuarial AnalystBadri Management Consultancy Jul 2021 - Jan 2022• Performed valuation exercises for general insurance clients in the UAE ensuring adequate reserves are kept for all lines of businesses by maintaining an overall sufficiency of ~ 30%• Conducted rate adequacy analysis for motor and medical insurance to identify loss-making segments and thus recommend underwriting strategies to enhance profitability for the clients• Validated the quarterly solvency position of the clients by analyzing the Solvency Capital Requirements and the Basic Own Funds, as per the statutory requirements of the CBUAE• Evaluated the Enterprise Risk Management (ERM) framework of the clients by performing stress testing exercises and identifying red flags from the risk register, ensuring the company undertakes risk as defined within its risk appetite statement• Maintained relationships with the clients by communicating results, methodological assumptions, and recommendations of the valuations to them• Built and developed internal workflow models on VBA and Qlikview to automate the valuation processes, increasing efficiency by ~ 40% -
Junior Actuarial AnalystBadri Management Consultancy Jun 2020 - Jun 2021 -
PresidentLums Dramaline Apr 2019 - Jun 2020Lums, Pakistan• Led a team of 150 members to conduct theatrical performances with total viewership exceeding 10,000 people• Partnered with the Italian Embassy and Commedia dell'Arte to host the first-ever international theater performance in the university• Initiated theater workshops, the "Art of Drama", to teach different aspects of theater to the student body• Improved the society culture and efficiency by introducing a defined top-down hierarchical structure, evaluation mechanisms, and organizational values• Amended the society's constitution to uphold strong ethical values, initiate a complaint mechanism, increase accountability, and resolve conflicts in the executive council• Enhanced society's national footprint by signing MOUs with various production houses and theater societies in Pakistan -
Team Lead Backstage, Technical & Set DesignLums Dramaline Nov 2018 - Apr 2019• Led a team of 23 people to handle technicals and backstage of the university's annual play• Reduced the cost of the event by ~ 54% by renegotiating vendor contracts• Designed the set of the play at the Punjab Arts Council -
Event Head Dramafest'18Lums Dramaline Apr 2018 - Nov 2018• Organized one of the largest theater competition in Pakistan comprising of 610 participants from all over the country• Renegotiated vendor contracts for event setup reducing costs by ~40% YoY• Raised sponsorships worth PKR 0.8 million through proactive engagement with multiple local companies• Organised the first-ever cultural night of Dramafest, increasing ticket revenue by ~33% -
Project Head InnovationsLums Entrepreneurial Society Apr 2018 - Apr 2019• Organized the first-ever Entrepreneurship Boot camp in a university in Pakistan, with an incubation and internship drive for the participants, comprising of over 50 aspiring entrepreneurs and freelancers• Conducted workshops on the themes of E-Commerce, Social Media Marketing, and Entrepreneurship• Organised the first edition of Hult Prize at our university -
Assistant Director Of OperationsLums Entrepreneurial Society Apr 2017 - Apr 2018• Led a team of 14 people to ensure efficient execution of various events of the society• Coordinated with the university administration, vendors, and sponsors to set up the largest business conference of Pakistan, YLES• Trained team members to use the SAP software to procure items and communicate with various departments -
Actuarial TraineeNauman Associates - Consulting Actuaries Dec 2018 - Jan 2019Lahore, Pakistan• Conducted data analysis and actuarial valuations of post-retirement gratuity schemes for clients from Saudi Arabia (KSA) and Local clients, under the framework of IAS 19• Served ~30 clients including private firms and public projects• Modeled gratuity schemes on Excel models by assigning age-dependent probabilities to employee’s death, withdrawal and retirement to calculate liability on clients• Ran an irregularity and logical fallacy diagnostic of the data, reducing inaccurate valuations by ~ 25% -
Teaching AssistantLahore University Of Management Sciences Jan 2018 - Dec 2018• Assisted more than 250 students with programming fundamentals and analyzing rational decision-making models• Initiated support sessions to teach students C++, significantly improving letter grades of ~50 students -
Actuarial InternNauman Associates - Consulting Actuaries Jul 2018 - Aug 2018
Muhammad Hamza Asad Skills
Muhammad Hamza Asad Education Details
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Bsc (Hons) Economics & Maths | Minor In Computer Science
Frequently Asked Questions about Muhammad Hamza Asad
What company does Muhammad Hamza Asad work for?
Muhammad Hamza Asad works for Ey
What is Muhammad Hamza Asad's role at the current company?
Muhammad Hamza Asad's current role is Manager - Risk Consulting - EY.
What schools did Muhammad Hamza Asad attend?
Muhammad Hamza Asad attended Lahore University Of Management Sciences, Lahore Grammar School.
What skills is Muhammad Hamza Asad known for?
Muhammad Hamza Asad has skills like Mathematics, Microsoft Office, Data Analysis, Economics, Visual Basic For Applications, Presentations, Qlikview.
Who are Muhammad Hamza Asad's colleagues?
Muhammad Hamza Asad's colleagues are Sreenivasa Korivi, Li Hong Gosen, Antara Shah, Anja Kovacevic, Ruchi K., Marc Verret, Jayshree Modi.
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Muhammad Hamza Asad
Post Doc Researcher @ University Of Regina | Phd Ai - Computer Vision And Deep LearningRegina, Sk
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