Basharat Khan - CAMS

Divisional Head Compliance at The Bank of Khyber

• Pakistan - Peshawar
• My current job since March 2021

 Overall supervision of different Departments in the Compliance Division
 Develop policies relating to KYC / AML / CFT / Proliferation Financing and oversee their implementation.
 Conduct Surprise executive visit of different branches and guide branch in the rectification of regulatory issues
 Assists in establishing mechanisms for ensuring that all business activities are in compliance with regulatory requirements
 Allocate assigned resources to conduct compliance reviews as per the annual compliance plan
 Coordinate, with the help of relevant functions, the development and implementation of adequate compliance risk mitigation tools such as Compliance risk framework and periodically review the adequacy of the risk mitigation programs/ measures undertaken by the bank
 Ensure that the Compliance function of the bank is equipped with appropriate human resources in terms of numbers and technical expertise/ knowledge and from time to time facilitate the human resources function of the bank in sourcing appropriate resources for different roles. Ensure proper rotation and succession planning for staff to make sure that all critical roles and responsibilities are being performed by suitably qualified/ experienced staff
 Keep the compliance policy and program up to date with new developments in applicable laws, regulations, and business practices.
 Keep the compliance policy and program up to date with new developments in applicable laws, regulations, and business practices.
 Review compliance-related exceptions reported by internal employees and the SBP inspection team and take appropriate corrective actions.
 Manage compliance with the applicable regulatory requirements

Head AML at The Bank of Khyber

• Pakistan - Peshawar
• January 2018 to February 2021

 Supervise and coordinate AML/KYC function’s input into the development of AML/ KYC policy, identifying initiatives to be undertaken to ensure compliance with the bank’s policies as well as regulatory requirements relating to AML/ CFT.
 Ensure compliance with the SBP AML/CFT regulations & guidelines and relevant laws related to AML/CFT.
 Enhance and maintain the productivity of AML/ KYC staff at the highest possible level through inculcating motivation and team play
 Manage compliance with the applicable regulatory requirements so as to avoid any punitive action from the Regulators;
 Develop a comprehensive Internal Risk Assessment Report to assess the adequacy of AML/CFT/ CPF controls and mitigate associated risks.
 Provide guidelines to branches to look out for possible suspicious activities and report AML / KYC function immediately for any suspicious activity
 Conduct performance reviews of AML Analysts and other staff and provide them with necessary guidance for better/ improved performance
 Ensure that all the staff of the bank should be fully aware of AML/ KYC guidelines to safeguard the bank against involvement in money laundering activities and other unlawful trades
 Frequent interaction with the branch staff so as to keep them abreast with the latest compliance development by manifesting standardized training modules such as the AML/ KYC policy and issues besides providing assistance and guidance
 To supervise the function of back-end AML review/monitoring and investigation of alerts/transactions/highlighted accounts by branches.
 Ensure maintenance of appropriate thresholds/parameters in the AML System
 Ensure that AML/CFT Policies and Procedures is implemented through the Bank.
 Developed SOPs for Statistical Analysis System (SAS)
 Ensuring that the approved processes for CDD, AML, and Sanctions monitoring are strictly followed across the Bank and exceptions are highlighted in a timely manner to Chief Compliance Officer.
 Management of reporting of STRs and Currency Transaction Reports (CTR) and ensuring accuracy, correctness, and reporting to FMU.
 Develop and update Bank’s AML/ KYC training programs and supervise capacity-building initiatives and establish a strong compliance culture across the bank through staff training and awareness

Compliance Risk Supervisor at KhushhaliBank Ltd

• Pakistan - Islamabad
• November 2010 to September 2014

Key Functions
 Provide guidelines to branches to lookout for possible suspicious activities and report AML / KYC function
immediately for any suspicious activity.
 Review and recommend the approval of all High Risk Account (Openings & Reviews).
 To impart training on KYC/AML/CFT to branch staff
 Build capacity of the branch operations staff for improved employee performance.
 Monitoring of customer's transaction in the light of KYC / AML guidelines
 Develop/implement corrective action plan for resolution of problematic issues
 Training and development of branch staff

Operations Officer at Summit Bank Ltd

• Pakistan
• March 2010 to November 2010

Key Functions
 I was responsible for completeness KYC in Account opening form along with monitor the heavy & Suspicious
Transactions Supervision of account opening
 To look after the branch operations to ensure compliance policies.
 Supervision of local and inter-branch transactions

Compliance Officer at Summit Bank Ltd

• Pakistan
• March 2006 to March 2010