Saqib Mustafa Email and Phone Number

Reporting directly to the CEO [Earlier working as Head of Financial Control and reporting directly to Chief Operating Officer/ Deputy CEO Support Group during 2014-18] & experience of managing larger teams.Advising and assisting CEO and the board for strategic direction (including Strategic plans & budget)

1. Strategic:a. Providing pro-active valued inputs to the senior management and the Board on various strategic matters.b. Developing and making presentations to the ALCO, the Audit, Governance & Risk Management Committee and the Board of Directors on Consolidated Performance (including quarterly reviewed and annual audited financial statements), Liquidity and Capital Adequacy Ratio.c. Acting as Secretary of Audit, Governance & Risk Management Committee of Ithmaar Holdingd. Preparing ad-hoc reports and presentations to provide advice based on requirements of Senior Management.e. Preparing Strategy & Business plan and annual budget for the Group.2. Financial & Regulatory Reporting:a. Delivering consolidated financial statements under Financial Accounting Standards (FAS) issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) and the Annual Report.b. Providing technical interpretations of new accounting standards and regulatory requirements including consultative papers.c. Preparation of consolidated Annual Report including coordination with business units and subsidiaries.d. Delivering consolidated financial reporting (group reporting) to the parent company under International Financial Reporting Standards (IFRS).e. Ensuring disclosures in line with IFRS and AAOIFI including FAS 30 (IFRS9)f. Reviewing all critical reports prepared by the FCD to ensure their accuracy and quality.g. Coordinating between various business units on assessment of assets for potential impairment.h. Liaising with consultants (external service providers) for impairment assessment of intangible assets in accordance with IFRS.i. Ensuring accurate and timely submission of the consolidated regulatory/statutory reporting to the Central Bank of Bahrain (CBB).j. Liaising with external auditors, CFO’s of the subsidiaries and associates, and CBB in respect of consolidated financial and regulatory reporting.

5. Investment banking related responsibilities:a. Responsible for financial aspects of investments in group companies including:i. Assisting asset management division with financial aspects of the investment reviews of unlisted private equity investments.ii. Advising on policies e.g. revenue recognition, designation of investments at inception etc.iii. Liaison with asset management division for valuation and related impairment assessment of investments.6. Real estate projects:a. Responsible for financial aspects of certain real estate projects in group companies including:i. Maintenance of books of accounts.ii. Liaison with external auditors for audited financial statements.iii. Reviewing and advising on revenue recognition based on contracts with customers.iv. Maintenance of project costs including revenue and capital expenditure.v. Liaison with the asset managers for valuation of the underlying properties.7. Compliance related responsibilities:i. Good knowledge of CBB Rulebooks.ii. Assisting compliance division in completing the quarterly and annual compliance checklist.iii. Assisting Risk Management division with calculation of capital adequacy ratio under Basel 3.iv. Preparation of scenarios for capital adequacy and liquidity management.8. MIS Reporting:a. Overseeing management reporting for all business segments – retail, corporate, treasury, financial institution and international banking operations. b. Leading Bank-wide strategic, annual and quarterly planning and forecasting processes.c. Maintaining appropriate systems to monitor budgetary performance (MIS).

 Responsibilities included: Managing and supervising audits of Islamic financial institutions, investment funds and investment banks operating in Kingdom of Bahrain and Cayman Islands in accordance with IFRS and AAOIFI.  Experience of managing audit of Albaraka Banking Group including consolidation of various subsidiaries, preparation of group audit instructions and coordination with other auditors relating to reporting requirements.  Experience of preparing financial statements of subsidiaries and consolidated financial statements for Bahrain International Bank. Worked as Senior Accountant in the AABS group (Financial Services Division) of Ernst & Young Toronto office, Canada from December 2005 to March 2006 on secondment from Bahrain office. Responsibilities included supervising audits of financial institutions and investment funds operating in Toronto and Cayman Islands in accordance with Canadian GAAP and IFRS.

 Four months experience of managing and supervising audits at KPMG Lao Limited, the Lao Peoples Democratic Republic.  Experience of managing and supervising audits, internal audit assignments, IFRS implementation, interim reviews and due diligence assignments of various local and multinational clients (mainly financial institutions).  Supervised national and international assignments of KPMG at financial institutions, NGOs, insurance companies and service organizations in the capacity of Audit Senior. Involved in the internal audit of financial institutions and audits of various banks and service organizations.