Head Of Compliance And AML & Investment Surveillance
Umm Al Quwain Investments - Tatweer
مجموع سنوات الخبرة :24 years, 2 أشهر
•Supervising and monitoring all internal process and procedures to make sure they are working in line with the company rules and policies.
•Reviewing the establishing of the mandatory committee in order to ensure the proper implementation of corporate governance rules
•Handling with the financial department to establish the fund adequacy risk management plan to ensure that the fund is adequate all of the time
•Drafting and updating the required policies and procedures in order to enhance the company compliance and controls methods
•updating the compliance & AML monitoring program
•Supporting the different departments to establishing policies and procedures catalog and manuals
•Establishing the AML System and preparing the Anti-Money Laundry process and procedures manual
•Supervising the implementation of the KYC Process on a risk-based approach
•Reviewing the KYC updating process to ensure that all of the forms have been updated at the proper time based on a risk approach
•Submitting the quarterly Compliance and AML required reports to the Audit Committee In order to implement the required transparency and disclosure in place
•Designing and updating Compliance, Risk, and Code of Conducts and ethics manuals
•Establishing and maintain all of the required registers and make sure all of the data has been registered correctly (Complaints, Gift… etc. )
• Establishing and Designing training courses to the employees to improve their awareness of the AML and Compliance principals
• Compliance & AML\ CFT advisor for financial services companies identify measure and assess compliance risks.
• Managing and supervising all of the AML processes such as (Screening - KYC - CDD - SAR ...etc. )
• Ensure the proper implementation of the AML international standards and FATF related recommendations
• Providing advice on compliance issues to any relevant person responsible for carrying out financial services.
• Providing guidance and training to staff on the appropriate implementation of compliance relevant laws, rules and standards and other compliance & AML issues.
• Ensure that the appropriate compliance & AML policies, procedures, instructions, and other documents are developed and kept up-to-date.
• Investigate any potential breach or other failures to meet obligations as described above.
• Report any significant breaches to the DFSA.
• Report suspicious transactions to the UAE Central Bank Suspicious Case Unit and the DFSA.
•Ensuring that the brokerage firms are applying a proper recording system for the client’s orders which should be in line with Egyptian capital market authority requirements
•Reviewing samples of clients cash flow and compare it with their transaction execution to ensure that there is no any breaching to clients financing ( Margin) rules
•Ensuring that the brokerage firms are implemented the AML rules properly by reviewing samples of completed KYC forms & the implementation of the screening process risk matrix..etc.
•Reviewing the client's contracts to ensure that they have been established properly in line with the EFSA requirements and Egyptian capital market law
•Reviewing the SAR and ensure that they have been submitted to the EFSA AML unit & Egyptian Central Bank when needed
•Ensuring that the brokers are updating the KYC forms periodically based on the Clients risk approach
•Checking the Board members and the brokerage firms’ employees trading transactions in the stock market to ensure they have executed in line with Egyptian Capital market law.
•Designing and delivering periodical training programs to the inspection team to enhance their professional knowledge regarding the AML and the optimum workflow in the brokerage firms
•Designing and delivering periodical training programs to the licensed Compliance and AML officers by EFSA to enhance and increase their aw
•Overall development, implementation and management of the compliance program for the brokerage
•Responsible for interacting with and providing advice to senior management including the implementation of risk mitigation strategies to enhance regulatory compliance
•Responsible for handling the licensing, familiar with CMA, Case and MCSD registration requirements
•Delivering all material events to exchange and CMA within capital market law and disclosure, listing rules declared timelines
•Develop and administer compliance training, continuing education and annual compliance meetings.
•Build a compliance team at brokerage and establish the work flow plan between holding and brokerage firm to improve the brokerage performance
•Participating in preparing manuals for different departments in the brokerage firm according to the rules and regulations
•Preparing and reviewing periodical reports to reflect all Compliance findings And explained the proposed solutions
•Notifying the exchange with all board members and connected parties transactions based on capital market law and disclosure, listing rules declared timelines
•identify, the possibility of things going wrong, and examine and evaluate current situation
•Getting all CMA required endorsements related to board members meetings
• Preparing compliance chart for the work flow in the department
• Ensure that all brokers in the trading floor are following Stock Exchange rules
• Supervising & monitoring brokers screens, ensuring transactions rightness from the technical &legal
• Perspectives
• Supervising the brokers while they are executing error accounts on screens to make sure that all documents and procedures are in tune with the stock market regulations
• Participating in all steps for mock Sessions were held for brokers to deal with the (X- Team trading system)
• Coordinating with disclosure department to ensure all listed companies have disclosed their financial statement on timely manner and according to capital market law and disclosure, listing rules
• Follow up with all concerned departments to make sure that all listed companies material events have been announced timely according to capital market law and disclosure, listing rules
• reviewing the announcements broadcasted inside the curbe and transmitting it to the brokers screen
• Coordinating between the different stock exchange departments to providing all the information required by the brokers and make sure all of process have been done according to the stock exchange rules
• Working whit my team to solve any technical problem facing the brokers
• Establishing and Developing new training course for brokerage firms employees to increase the awareness about Egyptian capital market law and Stock Exchange rules and regulations
• Monitoring listed companies board members as well as connected parties related daily transactions making sure that no breaching to capital market law
• Notified by all CMA decisions to coordinate with disclosure department in order to ensure listed companies accurate implementation
• authorized instructor in the Egyptian stock exchange from Jan2004 - August 2008
Extras:
Authorized instructor in Egyptian Capital Market Association ECMA from April 2005 - August 2008
Attending a training program on the (X- Tream trading system)
Attending a program for preparing the trainers to train the brokers to deal with the (X- Tream trading system)
Training Brokers to use the (X- Tream trading system)
Preparation of the back office system user guide for the Egyptian information distribution Company (EGID)
Have a good knowledge of the capital market Regulations in UAE