“I was introduced to Finance when I built my first financial model in Lotus 123 at the tender age of 14 years. Since then, spread sheets, financial models and financial analysis have been the main stay of my work. For a more interesting history of all the mean and nasty thing I have been up to take a look at me and myself as well as my blog that acts as my primary ranting and blood pressure control mechanism.
Over the last 18 years, I have worked as an actuary, built and implemented insurance, risk and treasury systems as part of my day job, spent all of four months at Goldman in London, picked up an MBA from Columbia Business School, valued derivative contracts and taught in Karachi, Dubai and Singapore on the Alchemy, Consultnomics and S P Jain platforms.”
Jawwad Farid is the founder and CEO of Alchemy Technologies, an enterprise risk practice that builds and deploys risk, treasury, market and credit risk platforms. He is a Fellow Society of Actuaries (Chicago), a MBA from Columbia Business School (New York City) and a computer science graduate. During the last 18 years, he has worked as a consultant in North America, Pakistan and the United Kingdom with a number of blue chip clients including Hartford Life, Aegon, American General, Goldman Sachs, ING, Manu Life, Safeco, Merrill Lynch, Met Life, Sun America, Nationwide, Phoenix Life, Sumitomo Mitsui Bank, Sun Life of Canada, Pacific Life, AllState, Fidelity Investments, Transamerica, Skandia, GE Financial Assurance, Lincoln National, Ohio National, AXA Equitable and Washington Mutual Bank.
Jawwad’s core areas of expertise include Asset/Risk Management, Investments, Product Development and the Financial Services Back Office. Jawwad blends a rare combination of risk management, information systems, international standards, business and product development skill set side by side with his actuarial expertise.
He is the author of three books on Entrepreneurship (Reboot), Commodity Markets (Understanding Commodities Risk) and Risk Management (Risk Application and Frameworks).
As an investment advisor Jawwad has advised a 3 billion US$ dollar life insurance fund in Pakistan on allocation and bid patterns for 10, 20 and 30 year bonds, a 30 million dollar Middle East fund on their ALM mismatch and fixed income strategy, a 10 million dollar fund on asset allocation and equity market timing in Pakistan. He has also worked with the securities regulator on assessing the state of the corporate bond market as well as issued valuation opinions on cross currency swaps, interest rate swaps, caps, floors, participating forwards and contingent liabilities for Exchange Guarantee Funds in the region.
Jawwad has worked directly as a founder, founding team member, mentor and advisor at multiple startups including two green field life insurance companies, multiple technology product businesses, financial services consulting operations, risk and investment advisory businesses, product focused distribution as well as micro insurance, micro pensions and micro finance startups.
In addition to being a PASHA CEC member (2006-2009) and Treasurer he has also served as a judge at the Asia Pacific ICT Awards in Macau, Singapore, Kula Lumpur and Jakarta as well as at PASHA ICT Award in 2006, 2007, 2008, 2009, 2010. He currently serves as member of the oversight board for the PASHA Social Innovation Fund.
His regional client list includes Asian Development Bank, First Gulf Bank, Riyad Bank, Dubai Islamic Bank, Noor Islamic Bank, Dubai Bonds, Deutsche Bank, State Bank of Pakistan, National Bank of Pakistan, Muslim Commercial Bank, Crescent Commercial, MyBank, Dawood Islamic Bank, KASB Bank, United Bank Limited, Pak-Kuwait Investment, Saudi Pak Commercial Bank, ABN AMRO, InvestBank, Invest Capital Markets, State Life Insurance, Dawood Family Takaful, Asia Health Care, Adamjee Insurance, Shell Pakistan, International General Insurance and Securities and Exchange Commission of Pakistan. Jawwad is also a regular contributor to theLearning Corporate Finance portal as well as on the SP Jain platform where he teaches courses on Entrepreneurship, Risk Management and Derivative pricing to executive MBA students in Dubai and Singapore.
Jawwad’s expertise includes:
- Appointed actuary.
- Risk based capital, investment and portfolio optimization strategies.
- Fixed Income, Foreign Exchange and Commodities (Oil) research.
- Basel II market, credit and operational risk management framework.
- Probability of Default modeling and Days Past Due analysis.
- Centralized or distributed Middle & Back office design, review, integration, assessment and deployment for banks, brokerage, mutual funds, and insurance companies.
- Derivative pricing, application and usage.
- Valuation of contingent products, benefits and solutions in investments, portfolio management, life insurance, general insurance, finance and risk.
- Development and conduction of individual and institutional skill development & capacity building programs.
To learn more about Jawwad:
Read reviews about the first edition of Reboot (the Blue Screen of Death).
Download the first 25 pages from the first edition of Reboot (the Blue Screen of Death).
Learn more about Reboot
Jawwad’s slideshare presentation deck
Jawwad’s Facebook Fan Page
Reboot and Jawwad on Green and White
Reboot review in The News
Jawwad Farid, Reboot and the CIO Webstudio Interview