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Wajiha Mehtab Farooq
Mountainview Drive,
Wayne, PA
Tel:
Cell:
E-mail:
Education
College of Business Management, Karachi, Pakistan
Master of Business Administration. GPA . Feb
Govt. College of Commerce & Economics, Karachi, Pakistan
Bachelor of Commerce -
Govt. College of Commerce & Economics, Karachi, Pakistan
Intermediate -
London University
O’Levels
Courses Attended
Workshop on Financial Statement Analysis – Princeton, NJ
Investing with confidence (Annuities, Mutual Funds, Bonds) – Westchester, PA
Understanding Letters of Credit: Types, Risks & Remedies
Business Communication
Principles of Marketing
Customer Services Excellence
Programming language: Visual Basic. .
Work Experience
MCB Bank Ltd, Karachi, Pakistan Apr -Oct
Manager Credit – Commercial Banking
Managed a secured portfolio of PKR Million for various credit facilities:
o Fund Based: Overdraft, Term Loans, Demand Loans, Leasing
o Non Fund Based Facilities: Letter of Credit, Bank Guarantees.
Custodian for all securities pledged as Collateral: Marketable Securities, Certificates of Deposit, Property documents, Lien on Bank deposits, Standby Letter of Credit, Financial Guarantees (Offshore Bank Guarantees).
Developed Loan structure proposal for new loans.
Performed detailed Analysis of Financial Statements to identify inherent or future risks in the company.
Monitoring of Credit Portfolio: Repayment of Principal & Interest, Loan to Value Ratio, Collateral Compliance.
Ensured creditworthiness of the customer through external sources: Dun & Bradstreet, Data Banks, Credit reports from other banking relationships of the client.
Identified borrowing needs of the customer & offered facilities catering to those specific needs.
Ensured compliance of necessary Loan Covenants
Conducted regular visits to the customer’s business facilities. (offices, factory etc)
Proposed Renewal of Credit Limits based on past company performance & repayment trends of the customer.
Reporting of weekly, monthly & quarterly MIS to Regional Management.
Standard Chartered Bank, Karachi, Pakistan Jul to Apr
Credit Analyst – Consumer Banking Division
Performed Credit Analysis of all secured branch lending facilities against Deposits, Marketable Securities & Financial Guarantees (Offshore Bank Guarantees).
Analysis & processing of loan applications originated by all the branches countrywide.
Responsible for correctness of all documentation & control of the lending portfolio.
Monitoring credit limits, renewal of facilities & collateral compliance for both fund & non fund based portfolio of . billion.
Ensured collection of overdue & delinquent accounts.
Assisted credit policy team in preparation & monitoring of the credit policy for overdraft.
Developed a Credit Monitoring System for Lending Facilities (software program in Visual Basic for monitoring of all lending facilities for branches).
Union Bank Ltd, Karachi, Pakistan Oct - Jun
MIS & Planning Officer-Consumer Assets & Cards
Prepared a three year expense budget for products: Personal Loans, Auto Loans, Mortgage Loans, Credit cards, Charge cards, Acquiring & Affiliate Business
Developed various formats for monthly forecasts & variance commentaries etc.
Involved in the preparation of rolling forecasts.
Prepared monthly variance commentaries for all product lines.
Responsible for monitoring & controlling of expenses on an on-going basis.
Carried out re-engineering exercises in the first quarter of the year . Proposed necessary changes that brought about cost saves of PKR .m.
Compiled monthly newsletter for the Consumer Division.
Spent some time in Card Operations to understand the Acquiring & Affiliate Business of the Bank.
Reviewed financial models for Consumer Assets & Cards
American Express Bank Ltd, Oct - Oct
Travel Related Services, Karachi Pakistan
Management Trainee – Business Planning
Coordinated with regional finance groups in Hong Kong and New Delhi to ensure timely submission of monthly results.
Assisted in the preparation of Annual Plan for products “Card” and “Business Travel”.
Assisted in the preparation of Periodic forecasts as and when required by local and regional management.
Reviewed monthly financial results and submitted variance commentaries to Management.
Citibank N.A., Sep - Jan
Internship - Consumer Services Group
Worked in the foreign currency accounts department of the Consumer Services Group.
Actively participated in generating new business for the bank.
Educated clients on the various products.
Assisted customers with their deposits / withdrawals on an on-going basis.
Interests Travel, Music and Reading
Other Skills Fully proficient with software applications: Microsoft Word, Excel, PowerPoint etc.
Achievements Received Service Excellence Award - Standard Chartered Bank
Awarded high potential staff for the Year - MCB Bank Ltd
References Available on request