Chief Compliance Officer
Al Buhaira National insurance Company
Total years of experience :8 years, 10 Months
Working as a Compliance Officer since June 2019 for the implementation of Compliance processes in line with the regulatory requirement of the country.
• Reviewing and implementing AML processes and methodologies with respect to regulations.
• Quarterly and Semi-Annual Reporting and cordination with UAE insurance authority and Central Bank of UAE.
• Develop Business Risk Assessment and Compliance Monitoring & Risk management services.
• Managing and carrying out Third part due diligence processes.
• Formulated Internal Audit policy, ERP, WB policy, Credit Control policy.
• Verfiying customer on-boarding (KYC), Identifying, investigating AML Alerts & reporting of Suspicious Transactions.
• Drafted and implemented company wide AML/CFT policy and procedures.
• Implemented GoAML (regulatory) software for central bank reporting.
• Conducting Trainings and awareness session on AML/Compliance for all staff.
• Cordinating and responding to Internal and External audit queries.
Worked as an International Internal Auditor in the capacity of Assistant Manager since June 2017. A brief overview of major responsibilities and assignments associated therewith is as follows:
• Conducted audits reviews while reviewing policies and procedures with respect to regulations and standards of the respective countries.
• Evaluated the effectiveness of internal control policies and analyzed financial statements to identify trends and anomalies.
• Designing Controls and Testing Strategies for the locations.
• Tracking and Resolving Outstanding Last Audit Issues.
• Worked for HBL Transformation and integration unit
HBL Singapore Audit
• Audited Credit Administration department, ICU, Human resource and operational control environment of the region.
• Audited Finance Operations, expense management with respect to the regulatory requirements.
• Audited compliance function with respect to AML/KYC requirements & its regulatory concerns.
Financial Institutions & Global Trade Services (HBL Management Audit)
• Audited Non-Banking Financial Institutions and its processes including Brokerage firms, insurance companies and its PRL etc.
• Audited Originating and Structuring function including Relationship management applications by corresponding banks (Cross selling, Cross currency Swaps, Cash Management services, Interest Rate swap etc.)
HBL Maldives Audit
• Audited Credit Administration department, ICU, Human resource and operational control environment of the region.
• Audited Finance Operations, expense management and Management Reporting Cycle with respect to the regulatory requirements.
• Audited compliance function with respect to AML/KYC requirements, alerts monitoring with respect to the standard policies and procedures.
• Audited HBL Maldives Operations including Cash, Remittances, Clearing and all the Centralized departments of Account Services with respect to effective regulatory environment.
HBL UAE Audit
• Audited Internal Control unit reviews, Alternative Directive Channel Operations to ensure effective control environment.
• Audited Human resource functions and AML/KYC requirements with respect to the standard policies and procedures.
• Audited Expense management and GL management of the country office.
HBL Oman Audit
• Conducted HBL Oman audit of Operations including Cash, Remittances, Clearing and all the Centralized departments of Account Services with respect to effective regulatory environment.
• Audited AML/KYC requirements with respect to the standard policies and procedures.
• Audited Internal Control unit reviews, Alternative Directive Channel Operations to ensure effective control environment.
• Audited Finance Operations and Management Reporting Cycle with respect to the regulatory requirements.
Audit/Investigation Officer:
A brief overview of major responsibilities and assignments associated therewith is as follows:
•Audited more than 20 Retail branches and management audits including management Audits like Centralized clearing Agency where evaluating the controls, risk and proposes/ recommendation of identified risk and reporting to higher management in the form of Branch/department audit report.
•Investigated more than 5 cases, where detecting the cause, gathered evidences, analyzing finalizing impact, performed procedures, send recommendations in accordance with the controls of the bank and finalizing the Investigation report to the Region.
•Checking of Cash, Deposits, Remittances, Income/Expenditure, operations, Lockers, Finances, and Clearing & Compliance of outstanding audit issues.
•Performed special assignments to review Bank's GL focusing on Suspense accounts, Markup Account.
•To assist in reviewing Islamic banking branches in compliance to Shari'ah Audit Manual.
•Performed special assignments to review Bank's Easy loan Products while assisting the task of Business risk review audit function.
•Performed special assignments to review Payment of Property Tax on HBL owned property.
•Monitoring the cases of income leakage, recovery position and window dressing issues.
•Performed special assignments to review Pen-Pakistan Branches GL in addressing different issues.
•To assist in compilation of Monthly Management letter.
•Support and mentor junior audit staff to perform branch audit and special assignments
Business Risk Review
Worked in the capacity of Internee for six weeks. A brief overview of major responsibilities associated therewith is as follows:
•Assisting in BRR reports Review including commercial center, international, corporate center and credit Hubs.
•Reviewing BRR and Audit Manual and Country Reports.
•Analysis of Credit Classification.
V o l u n t a r y S e r v i c e s
7 papers exemption
4 years of bachelors program containing 48 courses in one of the prestigious organisation of pakistan