AVP Financial crime Compliance
First Abu Dhabi Bank
Total years of experience :14 years, 8 Months
Assist in ensuring that Egypt has an effective AML & CTF policy in place and to manage the due diligence on customers including on-going CDD and ensuring that it is maintained up-to-date.
• Assist in ensuring that Egypt complies with FAB’s International Sanctions Manual by undertaking monitoring of transactions and ensuring that all staff are appropriately trained.
• Manage reports from the SAS AML reviews and ensure timely and effective reporting highlighting regulatory weaknesses and areas of non-compliance for management together with recommendations for corrective action.
• Manage periodic monitoring and follow-ups on corrective actions.
• Assist in managing compliance trainings for core and high-risk areas to ascertain that all staff are aware of their regulatory obligations with emphasis on AML to educate staff and raise their awareness of their individual obligations in relation to AML and have a working knowledge of how to identify suspicious transactions.
• Assist in providing guidance, advice and support in relation to all regulatory matters applicable to Egypt and ensure continued technical understanding of the activities and regulations.
• Investigate the alert with the branches for the accounts with suspicious transactions and follow up till closure.
• Responsible for conducting money laundering related investigations by analyzing customer transactions/ trend, drawing conclusion, and drafting Suspicious Activity Report for submission to Financial Intelligence Unit (FIU)
• Assist to review new products, business initiatives, policies & procedures to ensure being in line with the applicable regulations & are addressing all compliance associated risks including the financial crime risk.
• Perform other additional tasks as required from time to time as directed by SVP - Compliance (Egypt) or by the Group Compliance in the head office.
• Provide compliance approval for wire transfers / trade transactions involving high risk countries (comprehensive and list-based sanctions) or cases escalated to Compliance.
• Provide advice, guidance to all lines of business on Sanctions regulations and Internal Sanction Policies.
• Ensure that the company comply with all relevant laws ®ulations which we would be bound from the regulatory bodies
• Check all legal required documents for new account opening that comply with CMA & Anti-money laundry requirements
• Assure that every client has a contract with the company mentioning the investment guidelines
• Monitoring liquidation procedures to assure that client send an official letter with instruction of liquidation & how to transfer his money
• assure that any breach of investment guidelines of a contract should be through written instruction from the client
• check the prospectus of each fund and follow up the responsibilities of the fund manager toward CMA and the founder of the fund whether its disclosure issues or preparing & sending financial statements
• follow up the approval of staff dealing in asset management from CMA & preparing all the required documents every 6 months
• check the general assembly meeting procedures with the articles of law 95 that organize this issue & the invitation send to CMA, shareholder & auditors
• check the sequence of board meetings, how often it should be held
• Follow up the clients complaints till its solved.
• To assist to support the development and implementation of a proactive strategy to combat money laundering, sanctions breaking and other financial crime.
• To assist to ensure that Barclays Bank implements anti-money laundering, sanctions and financial crime policies in accordance with Barclays requirements.
• To assist to support the development of payments compliant, if there is any pending payments.
• To assist to ensure that business has adequate controls, procedures, systems and other arrangements (preventative and detective) to enable them to identify and deal appropriately, and on a timely basis, with applicable requirements on anti-money laundering, sanctions and other financial crime
Receiving & executing customer’s outward transfers applications.
Associated to all Barclays Egypt branches, with all related to the payments, ensuring timely, efficient, accurate& excellent execution of work with branches.
The role holder is responsible for ensuring the work is performed accurately & smoothly in a timely manner & in strict compliance to all regulations govern our job.(i.e. CBE, Barclays policies, Sanctions policy, manuals..)
The role holder may also be required to work flexibly across a variety of different activities within international Payments area
Reporting to Assistant Manager of Letters of Credits and Documentary Collections Department
To deliver performance excellence through handling Export Letters of Credits and Documentary Collections which undertakes a wide range of discrete processing and servicing activities providing co-operations and strong working standards towards achieving the agreed objectives.
Mainly to execute the L/Gs Division within Commercial Operations Centre responsible for processing all L/Gs (Foreign / Local) associated to all customers of Barclays branches, with all related operations / activities.
The role holder may also be required to work flexibly across a variety of different activities within Service Delivery area
• Monitor & analysing Issuer Credit/Debit cards and POS Authorizations and transactions 24X7 through
• Online monitoring tools as well as Cards Management Systems.
• Update the Master Fraud sheet follow up forms for confirmed fraud with any newly detected fraud cases to be routed to investigation unit
• Handling Call Centre incoming requests.
• Verify with cardholders for any suspicious transactions through phone/SMS and receive their confirmations on a dedicated direct line.
• Block cards upon identifying any fraud pattern
• Mark the card by placing notes on the Card Management System for reference & send a ticket to the branch for restricted cards
• Handle captured cards report running and respond to branches inquires related to captured cards in addition to updating the captured cards database
• Update Travelling clients’ notifications to the travelling sheet