The document provides an executive summary and resume for Tanzeel Ul Rehman. It summarizes his 9 years of experience in risk management, audit, regulatory compliance and finance. It details his professional experience at Karachi Stock Exchange and Popular International Private Limited, where he has worked on projects such as designing and implementing a Value at Risk model, concentration and liquidity margins, and automating pledge release processes. It also lists his areas of expertise, education qualifications and professional affiliations.
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Resume tanzeel ul rehman
1. TANZEEL UL REHMAN
Flat No. 506/1, Bait-ul-Hina, Gulestan-e-Jauhar, Block No.18, Karachi
03333045733 tanzeels@gmail.com
EXECUTIVE SUMMARY
COMMITMENT | INTEGRITY | LEADERSHIP
A young energetic and goal oriented person, already accumulated nine years of responsible Risk
Management, Audit & Regulatory Compliance and Finance experience coupled with a diverse education.
An expert in designing business processes/models and implementation of necessary controls to ensure
stringent risk management and compliance. A proven track record of designing risk models & audit plan,
monitoring Capital Adequacy and Collateral valuation. Dedicated to maintaining a reputation built on
quality of work, service and hard work.
AREAS OF EXPERTISE
Risk Management Audit & Compliance Capital Development Planning &
Calculation of VaR Operations Management Budgeting
Valuation & Modelling Market Surveillance
Clearing & Settlement Number Crunching Automation of Business Processes
PROFESSIONAL EXPERIENCE
KARACHI STOCK EXCHANGE LIMITED January 2007 – Present
MANAGER – RISK MANAGEMENT, MARKET CONTROL & SURVEILLANCE (JULY 2012 – PRESENT)
Overall supervision of Clearing House of the Exchange
Review of operational controls and Regulations Compliance
Monitoring Capital Adequacy
Monitoring short sell and market manipulative activities
Calculation/Monitoring of Value at Risk (VaR)
Designing Business & Risk Models
Review of price changes, open interest, position limits and large trading positions
Monitoring of early pay in of Securities
Monitor collateral submitted for base capital and to ensure that the same is within the norms set by Exchange
Valuation of collateral and periodic review of forms of collateral ( Margin Eligible Securities and Open end
mutual funds)
Product research & development, defining business process for the development of applications and
coordination with I.T department for UAT of new processes
Coordination with external Auditors on Regulatory & Risk Management practices
Preparation of Department’s Capital Development Plans and Annual Budget
ASSISTANT MANAGER – RISK MANAGEMENT (JANUARY 2008 – JUNE 2012)
Monitoring Exposure Margins and Position Limits
Calculation/Monitoring of Value at Risk (VaR)
Compliance & Monitoring Capital Adequacy Requirements
Designing Business & Risk Models
Valuation of collateral and periodic review of forms of collateral ( Margin Eligible Securities and Open end
mutual funds)
Monitoring the Clearing & Settlement of all trades executed through the Exchange
Review Concentration Margins and Liquidity Margins
CONTINUED …
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Product research & development, defining business process for the development of applications and
coordination with I.T department for UAT of new processes
Preparation of Department’s Capital Development Plans and Annual Budget
Drafting Settlement Schedule for all Markets
Coordination with NCCPL on F.I. Margining System
Preparation of Departments’ Operational Manual
ACHIEVEMENTS:
Designed & Implemented Value at Risk (VaR) model for calculation of Exposure Margins
Worked on designing & Implementation of Concentration & Liquidity Margins
Designed and implemented the automation for Margin release and Client Level Margining Regime
Prepared Department’s Operational Manual
Worked with the team responsible to design & implement the Risk Management system of Karachi Stock
Exchange (Guarantee) Limited
Worked with Deloitte Touché Tohmatsu as Coordinator for the audit of Risk Management and Clearing
House processes of the Exchange
MANAGEMENT TRAINEE OFFICER (JANUARY 2007 – JANUARY 2008)
Exposure Management and Position Limits
Compliance and Product Testing
Research and Product Development
Documentation of NCB Certificates.
Review of Bank Reconciliation
Clearing & Settlement of all Markets
POPULAR INTERNATIONAL PRIVATE LIMITED January 2004 - December 2006
OFFICER – FINANCE & ACCOUNTS
Establishing the overall audit strategy and preparing audit plan in context of company policy to enhance the
efficiency & effectiveness of operating activities and coordinating with external auditors for financial audit.
Preparation of monthly, quarterly and annual financial statements
Preparation of Annual Budget / forecast and five years projection of the Company and preparation of
Quarterly variance analysis reports along with reasoning.
Maintaining day-to-day financial control over Operational and Capital Expenditures against budget heads
agreed by the Directors. Ensure cost center and operational budgets are updated and consistent with main
budget with the help of variance analysis.
Monitoring and interpreting cash flows and predicting future trends. Treasury management including
placement of excess funds in ventures with best returns out of available options.
Managing the tax related matters of the Company in coordination with the Tax Consultants and computing
the tax liabilities of employees.
Evaluating system of internal control and risk management procedures, identifying weaknesses and
developing business process documents for the development of system
Calculation and Analysis of financial ratios
Maintaining relationship with Banks and dealing with issues related to LC and management of funds
On-the-job training and professional development of assistants.
Coordination with regional offices on Accounts Receivables and Payables
Bank Reconciliation
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PROFESSIONAL ORGANIZATIONS AND AFFILIATIONS
Global Association of Risk Professionals – GARP
Member of The Indus Entrepreneurs (TiE) Karachi Chapter
EDUCATION
CANDIDATE OF FINANCIAL RISK MANAGER (FRM®) – LEVEL – I November 2013
MASTER OF BUSINESS ADMINISTRATION (FINANCE)
SZABIST Class of 2006
3.25 GPA (84%)
BACHELOR OF BUSINESS ADMINISTRATION (FINANCE)
SZABIST Class of 2002
3.3 GPA (84%)
A+ CERTIFICATION (CORE HARDWARE & SOFTWARE)
Pakistan Navy Engineering College. Class of 2004
A Grade (92%)
Ms Office (Word, Excel, PowerPoint)
Basics of Networking
Ms Windows (Win 98/me/2000/Xp)
PROFESSIONAL DEVELOPMENT
Attended three days training course on “Financial Derivatives ”
Attended seminar on “Enterprise Risk Management”
Attended TiE-Conference on Entrepreneurship
Attended Corporate Finesse – 5 day workshop at SZABIST
INTEREST & REFERENCES
INTEREST: Reading (Newspapers, Magazines, Journals); Internet Research, Playing Cricket
LANGUAGES: Written & spoken English, Urdu and Sindhi
REFERENCE: References to be furnished upon request
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PROJECTS / ACHIEVEMENTS DETAIL
Designing & Implementation of Value at Risk (VaR) Model
Value-at-Risk (VaR) measures the worst expected loss under normal market conditions over a specific time
interval at a given confidence level. VaR is used to determine the Exposure Margins at 99% confidence interval
to be collected from market participants against their exposure.
"Steps in Calculation of VaR"
1. Calculation of raw VaR using three different methods.
a. Historical Simulation (HS) using Percentile Method
b. Standard Normal VaR using 99% confidence interval
c. Risk Metrics Approach (Exponentially weighted Moving Average Method)
2. Calculation of Impact Cost to determine liquidity of Stock
3. Selection of Scale Up Factor
4. Calculation of Worst Case Margins
5. Final VaR
Designing & Implementation of Concentration and Liquidity Margins
Concentration Margins are payable by market participants in respect of their trading in a security in
Deliverable Future Contracts and Cash-Settled Futures Contracts markets, these margins are charged at three
tiers i.e. Market Wide, Member/Broker wide and Client wide determined on the basis of Free Float and total
trade in a particular company and the market.
The Liquidity Margins are payable by market participants once their Exposure limit in the Cash market reaches
at a certain levels.
These margins are determined and collected to minimize the potential loss to the clearing house due to possible
default by any market participants and ensures that they have enough liquidity to settle their obligations.
Preparation of Standard Operational Manual of Risk Management at the Exchange
The primary aim of the Operational Manual is to provide a general understanding of the basic policies and
rules for managing Risk, the Manual serves as an operational guidebook for planning, coordinating and
monitoring the implementation of the Risk Management programs.
The Standard Procedures are designed / prepared with a view to describe and document the set of integrated
procedures to perform a given operational functions in Risk Management Department of the Karachi Stock
Exchange, as a requisite due to application and compliance of the relevant Regulatory or Policy framework at
the Exchange.
Automation of Pledge Release activity at Clearing House of the Exchange
An application was designed and implemented through which the release of pledged collateral is processes
electronically to bring efficiency, cost effectiveness and real time instantaneous processing of collateral release
request.
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Client Level Margining System
Designed and implemented the Client Level Margining System, wherein all margin requirements of each client
are now be fulfilled from UIN-wise collateral pledged through sub-accounts of respective clients. This
mechanism was implemented in phase wise during the year 2009-2010.
The ultimate objective of the mechanism is to bring a climate shift from the previous level of margining regime
that was at the broker level to the Client/UIN level, whereby the related trading/exposure capacity be
available on the basis of UIN wise collateral positions in terms of respective Sub-accounts or Cash deposits
with the Exchange. The implementation of Client Level Margining Regime has enhanced the risk management
system of the Exchange and safe guarded investors in the event of defaults.
Implementation of Risk Management System
The implementation of Risk Management System was a special project and achievement in the sense that it
involved coordination with a couple of other departments such as the Information Technology Department,
Internal Audit Department and the Operations Department. The coordination effort involved discussions,
reviews, follow-ups, post execution reviews and corrective actions. There were various levels of the
management wherein this work was related to and I had to actively engage work flows with my seniors of
within my department as well as other departments as mentioned above. The kind of work related to core
financial and statistical analysis with emphasis on analytical and business impact analysis. The entire work at
present is under continuous monitoring and review for any hiccups and smooth functioning and numerous
reporting is made on a regular basis.
Stress Testing Model
Currently working on designing Stress Testing Model based on Risk arrays covering unusual market
movements and maximum possible loss in the event of default, this analysis would be helpful in effective,
efficient and timely decision in respect of emerged RM scenarios.