Luella Serrao, Sr Officer, Internal Controls

Luella Serrao

Sr Officer, Internal Controls

RAKBANK

Location
United Arab Emirates - Dubai
Education
Master's degree, Banking
Experience
14 years, 9 Months

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Work Experience

Total years of experience :14 years, 9 Months

Sr Officer, Internal Controls at RAKBANK
  • United Arab Emirates - Dubai
  • July 2015 to July 2020

Review Operating Procedure for the various processes across the Bank arising due to New
Project releases, Central Bank initiatives, Operational Risk findings, Audit findings and
Process updates
• Review and design the customer associated forms (in liaison with Marketing and Legal)
• Ensure the staff, products and procedures comply with the requirements and industry
standards
• Review customer cases with deviations to the Operating Procedures and recommend for
approval on exceptions
• Provide guidance and attend to unit/user issues/queries
• Define and grant access to various roles across the Bank
• Review Parameter change requests in line with the requirements and testing evidences

Quality Assurance
  • March 2014 to June 2015

Analyze areas of impact of the change requirement raised by various units
• Identify and recommend solution/process improvements to optimize the change results
• Prepare the QA (Quality Assurance document) & UCP (Use Case Points) and provide
testing efforts
• Prepare the Weekly MIS to be reported to Majlis

Sr Officer at RAKBANK
  • United Arab Emirates - Dubai
  • July 2012 to February 2014

Account closure (Customer request, Clean-up Closure, T/L Closure, etc)
• Account maintenance and conversion
• Verification of Transactions - Bank Induced & Customer Initiated and UAEFTS
• UAEDDS testing & Implementation.

Core Banking Officer at RAKBANK
  • United Arab Emirates - Dubai
  • April 2010 to July 2012

• Successful Implementation of Core Banking Project (Finacle) based on the Business requirement document (BRD), Process flow and Requirement Specification documents
• Execute the Test Scripts/cases of Out of the Box (OOTB) and Customization Scenarios
• Identification, logging and re-testing of issues/defects on Quality Centre (QC)
• Prepare the Work flow and draft the Standard Operating Procedures for WMS - Mutual Funds, Structured Products, Bonds and Insurance
• Level 2/Onsite Training and Support

Central Operations and Investment Operations, Clerk at RAKBANK
  • United Arab Emirates - Dubai
  • November 2005 to March 2010

• Investment Account opening and capture customer’s risk profile as per customer’s risk score
• Deal in Insurance, Mutual Funds, Structured Products and Bonds
• Download the Net Asset Value (NAV) from the online portal and update product wise NAV on a daily basis
• Investor transactions - Process Subscription, Redemption, Transfer and Switch
• Corporate actions - Coupon, Call and Maturity
• End to end settlement process
• Weekly review of margin call and perform KRI calculations
• Compose and review SWIFT Messages - MT103, MT199, MT210, MT202, MT542, MT543 and MT910
• Customer onboarding - Account Opening, KYC review and Worldcheck
• Process Financial Services - Balance order, Standing order, Managers Cheques (MCQ), Foreign bills purchased (FBP), Fixed deposit or Term deposit accounts
• Handing the department office administration aspects
• Monitoring and reconciliation of Suspense accounts

Education

Master's degree, Banking
  • at Sikkim Manipal University
  • January 2010

:

Bachelor's degree, Statistics
  • at Mangalore University
  • January 2005

courses: Association of Certified Anti-Money Laundering Specialists (ACAMS)

Specialties & Skills

Risk Management
Project Management
Operations Management
Mutual Funds
MARKETING
MICROSOFT ACCESS
PROCESS ENGINEERING
BANKING
BUSINESS PROCESS
CONVERSION

Languages

English
Expert

Training and Certifications

ACAMS (Certificate)
Date Attended:
May 2019

Hobbies

  • Toastmaster, Travel, Music