Head of Compliance and AML
Jordan Ahli Bank
Total years of experience :24 years, 10 Months
Duties:
Leads the Compliance function to ensure the timely and effective provision of high quality
compliance services, advice and guidance to the Bank and its branches.
Works with the Head of Risk & Compliance Group to develop and implement appropriate best
practice compliance standards and practices.
Advises the Bank on applicable laws, rules, regulations and codes of practice to ensure
business is conducted in a compliant manner.
Develops and manages the Bank’s compliance procedures, documentation and monitoring
systems, with responsibility for change management initiatives to enhance the Bank’s
compliance processes.
Provides strategic and tactical consulting to lines of business and branches on issues related to
compliance.
Responsible for AML Office Operations.
Oversees Country Compliance.
Manages the relationship with and acts as the Bank’s representative to the Central Bank of
Jordan with regards to compliance.
Directs independent evaluations of compliance processes and procedure effectiveness across
branch network and lines of business.
Informs, advises and educates business units, senior management, and the Board of Directors
of all compliance responsibilities.
Institutes appropriate reporting and control processes throughout Bank network.
Communicates significant issues to Senior Management and makes recommendations when
weaknesses are identified.
Ensures that adequate anti-money laundering procedures and processes are in place.
Investigates and reports actual and regulatory breach and proposes remedial action.
Provides leadership, coaching, and assessment to ensure optimum team and individual
performance in support of department, division, and Bank goals.
Maintains a cutting edge awareness of regulatory and legislative developments, and industry
trends.
Assumes additional responsibilities and lead special projects as assigned.
• Conducts independent evaluations of compliance processes and procedure effectiveness across Countries and Lines of Business, including standardized monitoring and trending reporting, as well as quality reviews.
• Analyzes compliance risk issues, and identifies key risk indicators, trends, and metrics for program evaluation across global network
• Identifies weaknesses and makes recommendations to enhance program; assists in implementation where feasible
• Leads special projects, as assigned, to address identified compliance issues, including development and implementation of action plans working in partnership with country and line of business compliance partners as well as GRC staff
• Serves as a resource for Country and Lines of Business leaders to address compliance issues
• Conducts research and prepares position statements with respect to industry best practices
• Partners with Global Director of Compliance Communications and reporting to disseminate compliance awareness across global network.
• Communicates significant issues to management
• Maintains a cutting edge awareness of company goals, regulatory and legislative developments, and industry trends
• Assumes additional responsibilities and leads special projects as assigned
• Partners with Supervises team of AML Investigators to ensure accurate and timely monitoring and reporting of suspicious AML activity.
• Provides guidance to AML Investigators in their evaluation of transactional or customer relationships that have been identified for further review.
• Conducts highly complex investigations.
• Reviews comprehensive reports to be filed with appropriate governing agencies as well as management reporting identifying AML trends and patterns.
• Develops in depth understanding and ability to utilize AML software for investigative inquiries and case reporting.
• Communicates significant issues to management; makes recommendations when weaknesses identified
• Establishes and maintains effective communications and relationship with law enforcement, International and Domestic business partners and judicial entities, to enhance resolution efforts...
• Worked as Supervisor internal audit, risk and compliance services in KPMG Al Fozan & Al Sadhan (Saudi Arabia).
• I have performed a risk based internal audit reviews, preparing Proposals and Audit plan, Risk Register and Audit Program, executing the audit, Leading a team of professionals in the field work, Test of controls, discusses findings with process owners and senior management, prepare internal audit draft report and Executive Summary presentation to chief Audit Executive and Audit Committee.
• I have performed in compliance services, assess the impact of regulation on client business and design and effective governance structure with clear responsibility and accountabilities that embraces a clear business and risk management oriented strategy and a positive compliance culture and test and monitor clients compliance arrangement to identify weaknesses and escalate, remediate weakness identified. Establish polices and procedures relating to key regulatory matters and design an effective control environment in witch those policies can be implemented through end-to-end process and procedures.
Representative Clients:
The key projects has participated during the time has been working for KPMG are as follows:
‘Enhancement of Regulatory Reporting Process’ project held in Rajhi Bank, Alestithmar Capital, STC.
‘Compliance to Basel II Requirements’ project held in Rajhi Bank.
‘Information Risk Management’ project held in Rajhi Bank, Samba Bank, Alestithmar Capital, STC, SPLC.
‘Review of Internal Control Systems Based on Bank of Governor’s Act’ project held in Finans Leasing.
‘Review of Internal Control Systems’ and ‘Internal Audit’ projects.
‘Financial audit, Operational audit and performance audit’ projects held in STC, Alestithmar Capital, SPLC, Saudi Post.
‘Etablish enternal audit department’ projects held in Saudi Post, SPLC
-Developed criteria and procedure for ensuring that work practices are compliant with the internal laws, regulation, instruction and policies of the bank.
-Ensured that the bank adopts work polices and procedures which are adequate for meeting the requirements of supervisory & legal authorities in the framework of business policies & procedures.
-Developed a compliance control manual containing:
* Duties and responsibilities of compliance department.
-Ensured the bank’s employees are cognizant with the policy and procedure and relating what proves that, and ensured that they fully understand how to apply those policies and procedure.
-Preserved all the bank’s policies and procedure.
-Studied customer Complaints related to violation of the in instructions and policy and procedure for complaints.
-Ensured the new Product in the bank complying with the internal rules and regulatory instructions.
-Controlled of money laundering combating and terrorism financing policy and its procedure.
-Reviewed and /or evaluation of extent of compliance and following of internal and external instructions as well as identifying any aspects of shortcoming, if any
-Follow up of execution and application of the procedure taken to correct errors or breaches of regulations or laws or policies or internal or external procedure from the part of the concerned authorities.
-Established and implemented policies and procedure that can be reasonably expected to detect and cause the reporting of suspicious transaction.
-Establish and implemented policies, procedure and internal controls reasonably designed to achieve compliance with internal procedure and implementing regulation.
-Developed training program for AML & KYC, and train the all employee’s in the bank.
-Developed (AML) manual monitoring for bank transaction.
-Implemented AML solution with the solution company.
-Developed training program for compliance in the banking, and train all the employee’s.
-Auditing branch operations.
-Auditing department operations.
-Preparing internal audit reports.
-Participating in preparation on internal audit plan.
-Carrying out special finding and action plan to correct finding.
-Implementing risk passed audit approach developed with coordination with BDO consulting.
-Recommending internal controls designed to safeguard resources and insures compliance with regulations.
- I conducted many audit assignment like the following :-- Hotels revenue.- Accounts Receivable.- Balance sheet Account Reconciliations.- Account Payable.- Payroll..- Food & Beverage Cycle "Pre Check System".- Food and Beverage Inventory Cycle.- Cash.- Evaluating the internal controls.- Ensuring the controls and procedures in use are efficient and economic.- Submitting the audit reports to global and local management.- Preparing the audit plans.