Senior Manager, Internal Audit - Financial Markets at Standard Chartered Bank

Skills: Financial Services · Risk Analysis · Risk Management Framework · PIR · Report Writing · Risk Frameworks · Operational Risk Management · Interpersonal Skills · Regulatory Requirements · Operating Models · Training · Logical Approach · Teamwork · Oral Communication · Risk Governance · Product Management · Problem Solving · 2nd Line · Risk Management

Standard Chartered Bank

Operational Risk Officer - Product Governance and Policy

Skills: Business Management · People Management · Regulatory Compliance

REG-1

Chief Operating Officer

	Exchange Traded Derivatives: Leading a multi-disciplined team for the scoping, planning, delivering and reporting of risk-based audit of exchange traded derivatives. Led a global team of 10 (UK, Singapore, Malaysia) with controls across Front Office, Operations and Compliance. 
	Physical Commodities: Scoping, planning, delivering and reporting on a risk-based audit of base and precious metals including client on-boarding, third-party due diligence, fraud risk, transportation and logistics. Led a global team of 12 (UK, Singapore, India, Hong Kong) over 3 months with stakeholders including product COO, Global/Regional Heads of Sales, Trading and Banking.
Product Champion – Continuing engagement with Global Trading Head for Commodities and regional/product COO teams to provide 3rd Line view on risk and controls trends in 1st and 2nd Lines. Wider engagement on risk and controls with Operational Risk Compliance, Market Risk, Product Control and COO. Standing invitee to Commodities Non-Financial Risk Committee.

Senior Manager, Internal Audit - Financial Markets

UK Commodities: Supported planning and fieldwork for the UK commodities audit, engaging key stakeholders at the planning stage, scoping the audit, which covered Base and Precious Metals, Structured Inventory Products and Operations. Completed Control Design Effectiveness and Control Operating Effectiveness testing, reporting back into global Team Manager.
Greater China and North Asia: Covering the key controls in the scope countries related to use access rights, portfolio monitoring, market risk limits monitoring, supervisory approval process flows and price verification/valuation.
Credit Trading: Covering key Front Office controls and processes in UK and Singapore such as Cancel & Amend, PnL and Risk Report approvals and Off-Market Rate transactions.
Clearing Reconciliations: Key processes and controls performed in Singapore for trade position, margin settlement, cash flow and nostro and exchange fee calculation reconciliations.
Margin Operations: Key controls and processes related to the calculation, posting and disputing of margin calls and the escalation processes and follow up provided by Traded Credit Risk.
Supporting in Product Heads of Audit in drafting and reviewing reports and another formal communications, such as audit reports, ad-hoc presentations, or emails to senior business stakeholders.
Product Champion – Physical and Derivatives Commodities: As an experienced commodities professional, I was specifically selected to lead the wider business relationships with the Commodities business in Standard Chartered, crossing Financial Markets, Commodities Transaction Management Unit and Physical Commodities Management and Assurance. 
Reverse Mentor – Selected for regional Reverse Mentoring programme, which is designed for staff engagement with Europe and Americas Management Team. I was paired with the Regional Head for Transaction Banking, where we discussed her vision, staff engagement strategy and solutions to improve the performance for her team.

Manager, Internal Audit - Financial Markets

UK&I Assurance - Commodities Markets

Hired to drive global projects and develop business opportunities through client engagement and thought leadership in the commodity trading sector.

♦ CORPORATE GOVERNANCE: collaborated with VP of Risk in US LNG client, identifying gaps in current framework, and provided future state recommendations alongside a peer analysis; a six-figure project for EY.

♦ STRATEGIC RESTRUCTURING: delivered a six-figure project encompassing current review and future business model recommendations to Japanese oil trading house

♦INTERNAL AUDIT/OPERATIONAL RISK: Contracted as SME for European energy trader, analysing risk frameworks and policies, creating and executing fieldwork test plans and providing recommendations.

♦ M&A DUE DILIGENCE: conducted analysis of US Steel Client as commodity trading SME for potential acquisition UK-based trading company

♦ RISK ANALYSIS AND MITIGATION: defined key business risks through gap analysis in trade lifecycle; delivered toolset to identify and track operational risks

♦ BENCHMARKING: analysed and set benchmark of oil trading companies against competitors for upstream oil producer 

♦ BUSINESS DEVELOPMENT: central to development of practice and industry recognition as a Gas and LNG specialist; drove business development strategies using innovative account management approaches.

Assistant Manager

Promoted to drive expansion into Europe, assess new market entry opportunities and optimise cost reduction strategies in partnership with Trading and Origination teams

♦ Project managed the successful entry into Belgium, Holland, Germany and France; operated as a conduit between diverse stakeholders to optimise European pipeline capacity

♦ Reduced transportation costs; identified and secured new opportunities and trading arbitrages in collaboration with multi-disciplinary colleagues

♦ Company subject matter expert on European gas market legislation; provided impact analysis of market rule changes and mitigated cost increases

PETRONAS Energy Trading Ltd (former PETGAS)

Transportation Executive

Hired as a member of small team to launch UK operations, with accountability for operational management of downstream trading and portfolio logistics of assets. Facilitated interactions between traders and stakeholders from the trading floor.

♦ Enabled significant revenue growth; established commercial operations framework to support portfolio development from one LNG terminal to multiple assets.

♦ Saved costs and optimised portfolio values through development of cost models and stringent operational management to minimise tolerance losses in transportation and scheduling

♦ Maximised efficiencies, identified potential mergers and drove commercial renegotiation of £400M LNG regasification terminal to support company attainment of material objectives

Mohummad Humza Elahi