ASAD MALIK
Summary
Compliance, Risk and Business Analyst, bringing over 8-year experience and with in-depth understanding of risks and strategies associated with range of organizational actions. Easily analyze, report, present and explain complex data to understand potential impacts to business decisions, streamlining and improving processes for better execution of business initiatives.
Overview
15
15
years of professional experience
Work History
Program Management Lead-RCSA
Wells Fargo
07.2023 - Current
- Responsible for management of different phases of RCSA lifecycle.
- Responsible for weekly and daily project status reporting to the leadership in different applications.
- Improved overall program efficiency through monitoring of comprehensive project plans, timelines, and milestones.
- Developed strong relationships with cross-functional teams to ensure seamless collaboration in achieving project goals..
- Improved decision-making processes by providing insightful recommendations on risk and control analysis.
- Assisted in streamlining RCSA program management processes by utilizing efficient project tracking and reporting tools.
- Ensured adherence to regulatory requirements by conducting regular reviews of policies, procedures, and controls related to risk management practices within the organization.
- Developed short-term goals and long-term strategic plans to better manage RCSA project implementation.
- Provided guidance to team members on completion of different project activities.
Audit Remediation and Risk Analyst
MUFG Union Bank
01.2022 - 05.2023
- Assisted Business Unit Manager (Liquidity Custody) with audit remediation for risk mitigation, while working through MAP (Management Action Plan), evidence examination and validation before submission.
- Supported and facilitated coordination activities between process owners and different functional units for the audit issue being remediated.
- Tracked progress of different deliverables on MAP to make sure they are completed in a timely manner.
- Identified and sought key collaborators across the enterprise to support the identification, assessment and the overall management of risks, controls and processes in the First Line of Defense (FLoD).
- Inspected, monitored, and presented recommendations to various levels of leadership related to sources of risk within the business line to improve controls, drafted procedures, and enhanced processes as part of RCSA implementation.
- Designed processes and controls for risk management.
- Provided supervision and guidance to 2 team members members (analysts).
Regulatory Compliance and Business Analyst
National Australia Bank, MLC
12.2019 - 03.2021
- As part of Second Line of Defense (2LoD), implemented operational risk management and control policies that complied with regulatory standards and strategic imperatives of National Australia Bank-MLC.
- Stayed up to date with latest changes to applicable regulatory standards and company policies.
- Improved business processes by analyzing current practices and recommending optimization strategies.
- Helped with identification of gaps and finding solutions that minimized risks resulting from inadequate internal processes, and controls to mitigate risks, for compliant operating effectiveness with ASIC and FASEA (Regulatory Bodies).
- Part of the regulatory compliance and project team as subject matter expert that launched MLC Professional Year Pilot Program with management of various milestones.
- Successfully handled various deliverables with competing priorities and deadlines and created using reporting dashboards using JIRA.
- Designed and implemented solutions to continually improve the program's methodology and approach in both project and BAU phases.
- Routinely communicated results of program status through presentations to business process owners and sponsors.
- Extensively interfaced with senior business leaders as well as risk and compliance partners to assist in shepherding strategic initiatives.
- Provided support to first line of defense on RCSA (Risk Control Self-Assessment) to identify, evaluate, and mitigate current and emerging risks and accordingly design of controls and processes and procedure drafting.
- Trained team on new regulations and processes and shared best practices.
Wealth Banker and Operations Support
National Australia Bank-MLC
12.2017 - 11.2019
- Assisted superannuation clients with managing their retirement, investments, and insurance accounts.
- Resolved consumer complaints in a timely manner by coordinating with the operations and technology teams.
- Provided general financial advice on superannuation.
- Trained teams on superannuation products and services.
- Part of the Continuous Process Improvement team that identified gaps in the existing processes and systems, coordinated with functional units to design and implement solutions and controls to fill the gaps.
- Provided operations support to team leader in managing day to day activities.
Consumer Banking Support Specialist
National Australia Bank
07.2014 - 11.2017
- Resolved customer disputes arising from mortgage, credit card and general banking transactions in a timely manner along with communicating resolution to customers.
- Responsible for making sure the accounts meet KYC guidelines and taking appropriate steps in case of anomaly by escalating it to compliance team.
- Enhanced productivity levels by anticipating needs and delivering outstanding support.
- Reduced process inconsistencies and effectively trained team members on best practices and protocols.
Finance/Project Associate
Alight
11.2008 - 10.2009
- In collaboration with the project manager, implemented existing processes to manage 10 Alight projects in 2 cities.
- Assisted with third party audits through managing records and providing feedback.
- Compiled reports and recorded activities as part of comprehensive, compliance-driven record keeping strategies.
- Tracked project changes in system with detailed notes to help stakeholders (Donors-UNICEF/UNHCR and higher management) access and analyze key information.
- Collaborated with admin, finance, and IT teams for recommending, developing, and implementing new processes.
- Supervised field operations in the absence of field program officer.
Education
Master of Business -
University of South Australia
Adelaide, Australia02.2012
MBA: Finance -
Bahria University
Islamabad, Pak02.2008
Bachelor of Computer Science -
Hamdard University
Islamabad, Pak02.2004
Skills
- Process Improvement
- Risk Management
- Controls and Process Design
- Regulatory Compliance
- MS Office (Word, Excel, PowerPoint)
- JIRA
- SharePoint
- Problem Solving
- Collaboration
- Decision Making
- Communication
- Critical Thinking
- Detail Orientation
- Issue Management
Accomplishments
- Recipient of recognition from MLC-Advice department for work related to ASIC/FASEA regulatory compliance.
- Recipient of National Australia Bank Quarterly award for providing excellent client service and work on process enhancements.
- Successfully launched ASIC compliant MLC Professional Year Pilot program in 2020 in collaboration with Program Coordinator and developed Professional Year training content for new financial advisers.
- Served as SME for ASIC/FASEA regulations to all the operational and project teams.
Timeline
Program Management Lead-RCSA
Wells Fargo
07.2023 - Current
Audit Remediation and Risk Analyst
MUFG Union Bank
01.2022 - 05.2023
Regulatory Compliance and Business Analyst
National Australia Bank, MLC
12.2019 - 03.2021
Wealth Banker and Operations Support
National Australia Bank-MLC
12.2017 - 11.2019
Consumer Banking Support Specialist
National Australia Bank
07.2014 - 11.2017
Finance/Project Associate
Alight
11.2008 - 10.2009
Master of Business -
University of South Australia
MBA: Finance -
Bahria University
Bachelor of Computer Science -
Hamdard University