Summary
Overview
Work history
Education
Skills
Certification
Professional Highlights
Timeline
Generic
Shoaib Razziq

Shoaib Razziq

London,United Kingdom

Summary

Experienced Financial Services Audit Leader with 18+ years of cross-functional expertise spanning audit, advisory, regulatory inspections and finance leadership. Proven track record managing relationships for marquee financial services clients, deeper technical capabilities, and AI-driven audit innovation. Former Head of Financial Reporting, leading core finance functions and contributing significantly to a major bank merger. Recognized for combining technical excellence with strategic insight, innovation leadership, and strong cross-functional collaboration across diverse financial environments.

Overview

19
19
years of professional experience
2025
2025
years of post-secondary education
1
1
Certification

Work history

Senior Manager - FS audit

KPMG
London, United Kingdom
08.2019 - 07.2025
  • Foster strategic audit relationships with marquee clients including Barclays, VISA Europe, and Bank of Ireland, reporting directly to audit partners; consistently recognised as a High Performer while leading complex group audits and applying deep expertise in financial instruments and IFRS standards.
  • Led the IFRS 9 ECL workstream within KPMG's FS Execution Risk Unit, overseeing audit execution across vast majority of financial institutions—offering deep insight into market practices, regulatory trends, and practical challenges.
  • Authored a range of KPMG publications focused on audit and accounting topics like acquisition ECL, POCI, SICR, and data testing.
  • Champion audit innovation by leading AI-based tool development, proactively implementing on audit engagements to enhance audit quality, efficiency, and data insight.
  • Led KPMG's Culture Transformation Project and Banking Quality Improvement Network, embedding a “High Challenge, High Support” culture and driving continuous quality improvement.
  • Led various audit tenders for clients such as ABC, Alpha Bank, and NEXT plc, ensuring smooth transitions and building strong client relationships.
  • Recognized as a quality champion, innovation leader, and trusted relationship manager—on track for Audit Director progression.

Head of Financial Reporting

Alawwal bank
Riyadh, Saudi Arabia
11.2016 - 08.2019
  • Directed two-thirds of the bank's finance function, reporting directly to the CFO; consistently recognised as an exceptional performer and trusted advisor on complex technical finance and risk matters.
  • The role involved overseeing financial reporting, tax planning and reporting, SAMA (central bank) reporting and other finance operations including expense processing and GL control.
  • Led the bank's end-to-end financial reporting workstream, overseeing monthly and quarterly closings, external audit engagements, and the implementation of new accounting standards across systems and processes.
  • Delegated CFO responsibilities for overseeing the Bank-wide Operational Risk Assessment Process, including review and approval of key product and process changes.
  • Provided effective oversight of the Bank's SAMA regulatory reporting, ensuring timely and accurate submission of all periodic returns and compliance with evolving regulatory expectations.
  • Played a pivotal role in the merger with SABB Bank, receiving a Special Continuation Reward for leading the finance workstream from due diligence through post-integration, and representing finance in key integration forums and expert sessions.
  • Directed multiple high-impact change management initiatives:
    IFRS 9 Implementation – Finance Lead reporting to the Steering Committee; coordinated internal/external stakeholders (SAMA, auditors, investor relations) and established the governance framework.
    - IFRS 16 Implementation – Delivered compliance while enhancing lease governance by centralizing lease data and automating expense/reporting workflows.
    - VAT Implementation – Co-chaired the VAT Working Group, led first-time VAT implementation in 2019, and maintained liaison with the Saudi tax authority (GAZT).
    - Oracle P2P Transition – Oversaw the successful rollout of the new expense processing system, working closely with IT, Vendor Management, and business units to align processes and controls.
  • Oversaw Finance Operations, including expense processing and GL control, ensuring smooth execution, process integrity, and strong internal controls.

Audit and Advisory

KPMG
Karachi and Riyadh, Pakistan and Saudi Arabia
11.2006 - 11.2016
  • Led audits for a broad range of high-profile clients across banking, capital markets, telecom, and sovereign wealth sectors, including Al Rajhi Bank, The Saudi British Bank (SABB/HSBC), Saudi Telecom Company, Saudi Arabian Investment Company, Merrill Lynch KSA, Alinma Bank, Jadwa Investment Company in Saudi Arabia, as well as Standard Chartered Bank and Deutsche Bank in Pakistan.
  • Participated in supervisory SAMA inspection projects, demonstrating effective cross-functional project management and regulatory insight.
  • Involved in major M&A transactions, including Standard Chartered's acquisition of Union Bank of Pakistan and HSBC Saudi Arabia's merger with SABB Securities, providing accounting and transaction support.
  • Delivered significant advisory and technical accounting projects, such as:
    - IFRS convergence projects for Almarai and a sovereign wealth entity.
    - Acquisition accounting advisory for Saudi Telecom Company on control acquisition over a foreign joint venture.
    Debt restructuring accounting advice to Saudi Electricity Company .
    Set-up support and operational guidance for a new real estate fund.
  • Served as a member of KPMG Gulf Holding's Central Audit Learning & Development Team , managing L&D strategy and delivery across Saudi Arabia , Kuwait , and Jordan .

Education

ICAEW -

Institute of Chartered Accountants of England and Wales
London

FCA -

Institute of Chartered Accountants of Pakistan
Pakistan

Skills

  • Diverse Experience Across Audit, Advisory & Finance Leadership
    Over 18 years of experience across audit, CFO advisory, and finance leadership roles in both professional services and industry, spanning banking, investment management, telecom, and sovereign wealth sectors
  • Trusted Advisor for Marquee Clients
    Known for managing high-profile client relationships across complex, multi-entity audits; trusted by Partners and C-suite stakeholders for delivering quality outcomes and navigating sensitive, high-impact issues
  • Banking Audit & IFRS 9 ECL Expertise
    Specialist in banking and credit risk audits with deep technical command of IFRS 9, including ECL model governance, stage allocation, and acquired loans accounting across Tier 1 banks and retail lenders
  • SOX & Controls Framework Development
    Led SOX audits (Barclays), designed internal control frameworks post-merger (Alawwal–SABB), and provided end-to-end governance solutions across finance and operational environments
  • Technical Thought Leadership & Publications
    Recognised as a contributor to KPMG’s technical agenda through authorship of publications on ECL, SICR, POCI, and IFRS 16 Insights adopted across FS and corporate clients to elevate audit quality and compliance
  • Valuation, Derivatives & Treasury Oversight
    Audited complex Level 3 instruments, derivatives, and treasury operations; practical exposure to hedge accounting, risk governance, and investment portfolio review
  • Innovation & AI in Audit Delivery
    Led implementation of AI tools such as Transaction Scoring and developed AI-based modules for credit model audits—driving smarter, risk-focused, and scalable audit execution
  • CFO Advisory & Transaction Accounting
    Delivered IFRS transition projects, M&A support, control acquisition accounting, and VAT implementation for listed corporates, sovereign entities, and state-owned enterprises
  • Fund Governance & Investor Protection Frameworks
    Audited sovereign wealth funds, investment firms, and real estate vehicles; experience includes CASS/client asset rules, fund setup, and regulatory safeguarding mechanisms
  • Regulatory Engagement & SAMA Supervision Projects
    Represented finance leadership at SAMA CFO forums and led SAMA-mandated inspection reviews—offering strong regulatory insight and credibility with supervisory authorities
  • Successful Tender Wins & First-Year Transition Management
    Proven ability to win and deliver high-stakes audits from day one; led transitions for banks and large corporates, ensuring alignment, quality, and stakeholder confidence from inception

Certification

  • FCA (Pak)
  • ACA (ICAEW)

Professional Highlights

Head of Financial Reporting, Managed financial reporting, financial control, and tax, reporting directly to the CFO., Finance integration lead for merger of Alawwal bank with SABB Bank., Initial IFRS implementation experience (IFRS 9, IFRS 16) and implementation of VAT at the Bank., Regular representative of the Bank at SAMA's CFO committee., Lead presenter of Finance BU at all the Audit committees., UK, KSA, Pakistan, Significant financial services experience involving working with high profile banking and non-banking entities., Lead Senior Manager at Barclays, VISA Europe, and various other large FS audit engagements., Authored various audit methodology and accounting publications for KPMG., Led various accounting/risk advisory and regulatory inspection projects., Represented KPMG KSA on SAMA's CFO sub-committee financial reporting. Authored various accounting and audit methodology publications for KPMG UK

Timeline

Senior Manager - FS audit

KPMG
08.2019 - 07.2025

Head of Financial Reporting

Alawwal bank
11.2016 - 08.2019

Audit and Advisory

KPMG
11.2006 - 11.2016

ICAEW -

Institute of Chartered Accountants of England and Wales

FCA -

Institute of Chartered Accountants of Pakistan

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Shoaib Razziq