Jawwad Farid has been building, implementing risk models and back office systems since 1993. Working with clients on four continents he helps bankers, board members and regulators take a market relevant approach to risk management. He is essentially a numbers guy who gets business, technology and context across a range of regional and international markets.
Jawwad is a Fellow Society of Actuaries, (FSA, Schaumburg, IL), holds an MBA from Columbia Business School and is a computer science graduate from FAST NUCES. During the last twenty seven years, he has worked as an advisor and a consultant in North America, Middle East, Africa, Far East, United Kingdom and Pakistan. His previous employers and clients include Goldman Sachs, Andersen Worldwide, Merrill Lynch, Asian Development Bank, State Life, Wealth Management, Gabriel Partners, BMF-CPA, Security and Exchange Commission Pakistan, Adamjee Insurance, Dubai Islamic Bank, Mashreq Bank, May Bank and First Gulf Bank now (FAB).
Jawwad’s expertise include investment management, product development and risk models. He has advised multiple due diligence teams on risk assessment and valuation in banking, treasury and insurance sectors, set up FX and commodity hedging desks, built fair value models for illiquid securities for FAS 157 disclosures, estimated contingent liability reserves for banking and insurance products, implemented treasury and enterprise risk platforms, designed Economic Capital allocation strategies across business lines and helped a US$ 3 billion life insurance investment fund on allocation and bid patterns for 10, 20 and 30 year bonds, ALM mismatch and fixed income portfolio gap reduction in Pakistan as well as Middle East.
Jawwad has been engaged by the Central Bank, the Securities regulators, the local bankers and treasury association to put together and run nationwide capacity building programs specifically in the areas of treasury, enterprise risk, investment management and credit risk modeling. Since 2003 he has run and delivered over 200+ training workshop and courses for banking and financial services clients in MENA, the Subcontinent and Far East.
Jawwad is the author of four books of which the latest two are Option Greeks Primer and Models at Work, both published by Palgrave Macmillan. His current book project is a textbook on Portfolio Optimization Models that came out of his work as an investment advisor and as an instructor to Executive MBA students and bankers in Dubai, Singapore and Karachi. Jawwad is an adjunct faculty member at the SP Jain Global School of Management in Dubai and Singapore, at Institute of Business Administration (IBA), Karachi and Habib University, where he teaches Entrepreneurship, Risk Management, Derivative Pricing, Treasury and Advance Portfolio Optimization Models. His experiential learning approach to teaching computational and quantitative finance translates into an average participant feedback score of 4.6/5 in his courses.
Jawwad volunteers as a mentor at the Google funded Nestio technology incubator in Karachi, sits on the Academic Board at IBA, moonlights as a volunteer track and field coach at a local athletics club and has been part of the judging panel that judges the financial applications, startup and e-learning categories at the Asia Pacific ICT Alliance Awards for the last thirteen years.