KHURRAM SHAHZAD DAR
CERTIFIED FRAUD EXAMINER
Karachi
Summary
Experienced risk professional with a proven track record spanning twenty years in Quality Assurance (Internal Control), Banking Fraud Detection, Prevention, and Investigation functions. Demonstrated expertise in effectively identifying and mitigating potential risks, ensuring compliance with industry regulations, and safeguarding organizational assets through active collaboration with cross-functional stakeholders. Adept at implementing robust control measures and conducting thorough investigations to uncover fraudulent activities. Consistently recognized for delivering exceptional results while maintaining the highest standards of integrity and professionalism.
Overview
20
20
years of professional experience
6
6
years of post-secondary education
9
9
Certifications
Work History
Head of Shared Investigative Services (SIS) - SVP
Standard Chartered Bank
Pakistan, Pakistan
4 2019 - Current
- Overall accountability with respect to Speak up and Business referrals investigations as per Group Investigation Standards
- Managing team of experienced workplace investigators and leading them from the front to produce forensically strong investigation reports
- Identify, manage, and mitigate risks throughout investigation lifecycle and provide investigative support to Group's businesses and functions to help them deliver on Group's strategic objectives, while advancing and protecting Group's interests
- Building strong relationships with stakeholders (HR-ER, Compliance, Legal & Risk) and deliver solutions to safeguard the interests of the Bank and its customers
- Active participation in the country Compliance & Conduct Management Committee ("CCMC") and Country Financial Crime Risk Committee (CFCRC) meetings chaired by President & CEO and apprising senior management about KCIs (Key Conduct Indicators) and internal fraud themes
- Identified opportunities to improve business process flows and productivity.
- Strengthened relationships with key stakeholders, fostering trust and collaboration across the organization.
- Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
Head of Fraud Risk Management & Quality Assurance - Vice President
Saudi American Bank
Karachi, Sindh
07.2012 - 04.2019
- Design and implement an effective Quality Assurance (QA) plan through inclusion of internal stakeholders
- Conduct periodic QA reviews and spot checks to ensure Retail Banking, Commercial and Corporate Portfolios are thoroughly aligned with Internal and Regulatory framework
- Engaging Country Management team through quarterly Country Fraud & Control Committee forum (CFCC) and share with them significant themes and outcomes of QA and Fraud reviews
- Overall accountability with respect to fraud losses and keeping them in line with budgeted fraud appetite
- Review of the New Products (NPA) from fraud risk perspective and give suggestion to business for effective controls in place
- Ensure Regulatory reporting to State Bank of Pakistan regarding all the actual and attempted fraud incidences to avoid business from regulatory penalties
- Ensuring proper budget allocation for medium & long-term funding for the undergoing fraud system projects
- Training & development of Fraud team on current fraud activities and core objectives thereon
- Active participation in AFF (Anti-Fraud Forum) held under supervision of Pakistan Banking Association (PBA)
- Conducting bi-annual Fraud Risk Assessment to present the management true and fair view of the potential fraud threats
- Spot reviews of branches and cross functional units, including ATM Ops, Complaint Management unit, Term Deposit Operations, Centralized Ops, RTGS and Source Media, from "Operational Risk" perspective.
Country Fraud Manager
Barclays Bank Pakistan
Karachi, Sindh
05.2008 - 06.2012
- Overall accountability with respect to fraud losses and keeping them in line with budgeted fraud appetite
- Maintain balance between risk & reward, through effective strategies and parameter setting at fraud prevention and detection level
- Presentation to senior management in Risk & Control committee meetings for KPIs (Key Performance Indicators) including recent fraud trends and its implication to business
- Ensure Regulatory reporting to State Bank of Pakistan regarding actual and attempted fraud incidences to avoid business from regulatory penalties
- Reporting to regional team on fraud trends and KPIs
- Quarterly departmental Risk & Control Assessment to check that controls are working and if required any revision to enhance departmental efficiency
- Capacity planning - to ensure that proper resource is available to perform fraud detection, prevention & investigation activities
- Training & development of Fraud team on emerging fraud trends
Manager Fraud Operations
Citibank N.A. Pakistan
Karachi, Sindh
11.2004 - 05.2008
- Keeping tighter control over fraud loses by maintaining balance between risk and reward
- Managing team of country wide fraud investigators and maximizing fraud recovery through external investigation and chargebacks
- Conducting Fraud awareness training sessions to control internal staff fraud
- Working on AFEWS (Advanced Fraud Early Warning System) to conduct managerial reviews and fraud control parameter revision if required
- Keeping tighter control over acquiring Fraud by closely monitoring merchant activities through Biweekly and SAFE fraud report by card schemes
- Preparing Fraud to Sales analysis and highlight merchant with potential fraud threats
- Re-education of merchants based on fraud risk reports
- Updating NMAS where merchant found involved in excessive fraud and fraud to sales ratio breaching threshold set by association
- Inactive merchant culling exercise to void bank from acquiring fraud.
Education
Master of Economics -
Karachi University
Karachi, SD 01.2015 - 04.2017
C.A Foundation-1 - Financial Accounting And Auditing
Institute of Chartered Accountants
Karachi, SD 01.2000 - 12.2001
Bachelor of Commerce - Accounting And Finance
Punjab University
Lahore, PB 01.1993 - 03.1995
Skills
Strategic leadership
Certification
Certified Fraud Examiner (CFE)
Residence
+92 3 0 0 8 5 8 0 4 5 9
Timeline
Master of Economics -
Karachi University
01.2015 - 04.2017
Head of Fraud Risk Management & Quality Assurance - Vice President
Saudi American Bank
07.2012 - 04.2019
Country Fraud Manager
Barclays Bank Pakistan
05.2008 - 06.2012
Manager Fraud Operations
Citibank N.A. Pakistan
11.2004 - 05.2008
C.A Foundation-1 - Financial Accounting And Auditing
Institute of Chartered Accountants
01.2000 - 12.2001
Bachelor of Commerce - Accounting And Finance
Punjab University
01.1993 - 03.1995
Head of Shared Investigative Services (SIS) - SVP
Standard Chartered Bank
4 2019 - Current
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