Senior AML Officer
Barwa Bank
Total years of experience :17 years, 11 Months
Mohamed Raiek Abou Akar, CAMS
Senior ANTI MONEY Laundering (AML) OFFICER
November 2011 - Present
Responsible for implementing QCB guidelines / Circulars to develop, maintain and reporting AML compliance to senior management.
Duties:
•Daily transaction audit / monitoring / follow up with business units.
•Handling QCB Circulars / Inquiries and Correspondence.
•Investigating and assessing the internal suspicious transaction reports of the Bank
•Schedule and conduct monthly AML inspection / reviews of LCs & Files
• Pre-opening review of High Risk accounts in compliance with local and Group requirements prior to the approval by GCCO.
•Facilitating / monitoring of quality of Staff induction and AML trainings.
•Updating internal UN Blacklist database in line with any QCB updates.
•Assessment of new Correspondent Banking Relationship & AML Risk Approvals
•Responding to business line inquiries (retail / CBG / BBG / PVT)
•Actively participate / support AML Manager complete AML related projects.
•Monitoring & supervising AML Daily Investigation reports.
•Being a decision maker to close new customers and AML alerts through FCCM.
•Maintaining knowledge base of current money laundering trends and terrorism financing issues.
•Acting as a focal / central point of contact in between the Bank Staff & compliance department in relation to AML and CFT issues.
•Facilitator / Compliance tester of Know Your Customer (KYC) policy.
Responsible for day to day Operations & Collection Departments.
•Financial services / Solution provider to customers.
•Reviewing / authorising daily entries / payments / customers’ receipts.
•Generating and Reviewing weekly / monthly sales / collection / provision reports.
•Reconciliation / Balancing and Monitoring accounts receivable with finance department.
•Analysing / adopting right operations and collections procedures to match the current market.
•Scrutinizing customers’ applications / documentation from sales department with the company’s policy.
•Settlements of staff loans in line with HR department / policy.
•Handling Inward and Outward cheques through ECC system.
•Input and processing of debit / credit clearing.
•Processing internal and external customer fund transfers.
•Clearing settlements with QCB.
•Representative for the bank in QCB`S Clearing room
•Processing long term/short term deposits.
•Handling Letter of Guarantees and Letter of Credit
BA Degree (Hons) / Finance & Investment(Egypt) GPA 3.43 (84.3%) Please Refer to Attached Certificate for more details Thanks