Alif Azuan Bin Abdul Rani

Provided advisory services on regulatory matters to stakeholders leading to successful implementation of various initiatives and products throughout 2023/2024 as follows:

• Islamic Callable Range Accrual (ICRA)
  ICRA is a type of structured product which derives its value by referencing to the market profit / interest rate value of an underlying reference.
• Program Fasiliti Sokongan Akaun 2 (PFSA2) for EPF members
  The PFSA2 Phase 1 program (personal financing program for EPF members aged 40 and above) was duly approved with conditions by BNM on 5 April 2023. The program was successfully implemented i.e. launched to the public on 7 April 2023.
• M PrimeGold
  M PrimeGold-i is a simple and cost-effective way to own digital gold in quantities where retail customers are able to buy, invest and accumulate digital gold in fractional amounts with multiple redemption options to physical minted gold bar/coin. The product was successfully submitted to BNM under launch-and-file on 13 April 2023.
• Acquisition of Malaysian Industrial Development Finance Berhad (MIDF) by MBSB from Permodalan Nasional Berhad
  Following BNM’s approval on 13 April 2023 and execution of Sale and Purchase Agreement (SPA) on 9 June 2023, the Proposed Acquisition was finally completed on 2 October 2023.
• Managed and motivated employees to be productive and engaged in work.
• Accomplished multiple tasks within established timeframes.

• Regulatory Review: Code of Conduct for Malaysia Wholesale Financial Markets and KLIBOR
• Gap assessment review – ORION Key Risk Indicator, Dye Stained Notes and Statutory Reserve Requirement (SRR)
• Branch Review – Completed 128 Branch review nationwide
• Department Review – Group Treasury, Group Marketing and Group Retail Banking
• Thematic Review – Payment System Requirement Thematic Review, Customer Management review (covering Secrecy, PDPA and MCIPD for bank wide review
• Developed in formulating scope of review for compliance review on business/ functional areas and regulatory guidelines
• Lead and conduct compliance reviews against regulatory requirements and industry practices
• Established compliance review report and ensure timely submission to Head, compliance assurance review and further submission to Board and Management
• Proficient in data analysis and research of compliance data related
• Develop and execute compliance engagements relative to the adequacy and effectiveness of internal controls and risk management
• Maintains quality service by establishing and enforcing organization standards
• Able to use Microsoft Office 2003/2007/2010 including MS Excel, Word and Power Point; and basic skills in Microsoft Access and Microsoft Project

• Branch Review – Completed 24 Branch reviews.
• Department Review – Group Finance and Group Retail Banking.
• Thematic Review – Customer Management review (covering Secrecy, PDPA and MCIPD for bank wide review.

• 3 years auditing clients as one of the key audit engagement member in support of local statutory audit and IFRS audit
• Proficient in data analysis and research of accounting, financial and economic related
• Develop and execute audit tests, and plan audit engagements relative to the adequacy and effectiveness of compliance, internal controls, and risk management
• Performed walk-throughs to understand financial reporting systems and to identify internal controls that reduce the risk of material misstatement of financial results
• Developed specific audit plans – draft work programs, risk assessments, testing strategies, data requests, reporting, client relationship management, etc
• Maintained effective time management while simultaneously worked on several projects/ clients
• Drafted audit reports – write up observations and other sections of the audit report and presented to management
• Utilized detailed analytical procedures to analyze income statement and balance sheet accounts
• Prepare audit work papers, recommend corrective actions, and present findings to management and executives verbally and in writing
• Assisted clients in maintaining accounting functions involving general ledger analysis, reconciliation and computation by providing guidance in proper booking of journal entries
• Delivered quality work through rigorous review of audit working papers and result
• Supervised, trained and mentored teams of one to four staffs

• Assisted in conducting audits for a diverse portfolio of clients, ensuring timely completion of audit assignments within deadlines and in accordance with auditing standards.
• Supported audit teams in reviewing financial statements, ensuring accuracy and compliance with local regulations and International Financial Reporting Standards (IFRS).
• Collaborated with clients to resolve queries related to financial data and accounting practices, enhancing overall audit efficiency.
• Assisted in the preparation of audit reports, providing insightful recommendations for financial improvements and risk mitigation.