Section Head Of Anti Money Laundry
AL Ahly Bank of Kuwait
مجموع سنوات الخبرة :18 years, 3 أشهر
AML area
• Collaborate and lead a team specialized in AML/CFT efforts by monitoring customer daily transactions to avoid any suspicious transactions that could lead to fines/ penal actions and to ensure that the bank is not exposed to financial, regulatory and reputational risk related to Money laundry and Sanctions.
• Act as the MLRO money laundering reporting officer in terms of account opening (AO) and Client Due Diligence (CDD) practices to ensure that detailed and prompt investigation of all AML/Sanctions incidents and cases for the reporting of suspicious activity process.
• Liaise with regulatory bodies on a continuous basis to resolve the queries and respond to issues raised by them relating to the bank’s AML/ CFT efforts.
• Perform gap analysis of systems and controls with leading practices and regulatory requirements, and recommend areas of improvement at a strategic level.
• Establish, enhance procedures, policy the AML/CFT Framework to meet the regulatory standard and FATF recommendations.
• Risk ranked customers based on the major AML/CFT requirements.
• Work with senior business in new product approval work streams, to raise AML issues and to address any monitoring enhancements that are triggered by new products or changing business models.
• Implemented an effective AML/ KYC training program for staff in various business units.
• Response to the AML Questionnaires of the corresponding Banks, as well as reviews the received one from the corresponding Banks & Tele Cash Companies.
FATCA area
• Assist the RO with all aspects of FATCA.
• Act as an official “Point of Contact”, to receive from the IRS FATCA- related information.
• Monitors and analyzes development of reporting requirements (FATCA).
• Participate in reviewing policies, procedures and processes sufficient to comply with the FATCA rules.
• Conduct investigations on Cases and Alerts produced through the banks automated Anti-Money Laundering System or through internal referrals.
• Maintained an effective CDD/EDD risk rating by monitoring accounts in accordance to MLCU guidelines and filing SAR/STR reports.
• Reviewing and updating the AML Compliance Program as necessary due to changes in laws or regulations.
• Responsible for training new AML hires on complying with Bank’s due diligence procedures and regulatory mandates.
• Internally audited the branches to ensure that the customer’s accounts comply with the requirements of AML law and regulations.
• Respond to various inquiries of public authorities (Central Bank of Egypt, Egyptian Money Laundering Combating Unit.) concerning customers’ personal data/ freezing of customer accounts.
• Identifies accurate risk rating for individual/non-individual accounts to highlight high risk jurisdictions, cash intensive/high risk businesses and Politically Exposed Persons (PEPs) or Relatives or Close Associates (RCAs)
• Develops initiates, maintains, and revises policies and procedures for the general operation of the Compliance Program and its related activities to prevent illegal, unethical, or improper conduct.
• POC in the FATCA implementation project and KYC remediation.
1- Dealing with existing and new clients.
2- Familiarize existing clients with all bank products such as (deposits, loans, credit card, etc.)
3- Handling all client's inquiries and complaints.
4- Follow up client's requests through the bank's different department.
5- Keep record of all clients' requests.
6- Ensure data entry for clients is correctly fed in the system.
7- Update clients file in proper timing.
8- Try to achieve more than my target through the bank products.
9- Familiarize in banking operations & leasing.
1- Study the personal loan applications as to confirm the compliance with the Bank policy.
2- Coordinate with the Branch Managers to discuss the approval/decline applications.
3- Reschedule the loans documents to achieve the Bank target and Customer benefits.
4- Investigate the customer repayment history as to avoid risk.
5- Provide the approved customers cases with high service performance to keep their trust
Summer trainee in (LCs dept)
1- Opening accounts 2- Credit cards 3- Companies listing
MBA specialized in Banking & Financial institutions