Compliance and Assurance Manager
United Arab Bank
مجموع سنوات الخبرة :21 years, 5 أشهر
Overseeing the Compliance activities, providing business support and reconstructed the Compliance monitoring review framework for UAB. Implemented the key regulatory matrices across all the business and support functions using a Risk Based Approach. Have conducted risk reviews of Retail Mortgage Loans and Accounts opened for Sanctioned Countries nationals.
Maintaining smooth relationship with the Central Bank of the UAE (Banking Supervision Department) in order to seek Regulatory approvals for opening of new branches, offsite ATMs and new products.
Providing periodical assurance to the senior management about the Compliance of Central Bank Ratios and Limits.
Coordinated the Central Bank Examination presenting and maintaining a professional image of the Bank.
Formulated and implemented a number of procedure manuals for Compliance day-to-day activities.
Senior management positions held in Regulatory Compliance, Anti-Money Laundering and Operational Risk Management and Assurance (ORMA) for over 9 years with International Bank of Qatar (ibq), Alpen Capital Investment Bank & Bank Sarasin-Alpen (Investment & Private banking) in Qatar Financial Centre and Standard Chartered Bank in Qatar.
Self-motivated, accept difficult challenges and has proven skills in mitigation of Regulatory and Compliance risk, financial accounting, banking operations and extensive knowledge of Modern commercial and Investment Banking products.
I have joined the IBQ Compliance / AML team to oversee the controlled function and to support Head of Compliance in managing and supporting the team of AML officers scrutinizing, analyzing and monitoring AML transactions.
The major responsibilities include:
o Engagement with business units as regulatory adviser and to reconstruct existing Compliance and AML policies and operating procedures.
o Assisting the team in identification, assessment, investigation and monitoring of suspicious transaction cases and submit STRs to Qatar FIU.
o Document the detail of high and medium risk customers in our Monitoring Sheet for future references. Also include customers from High Risk Countries and High Risk Industries.
o Attending business queries related to positive alerts from Sanction list at new client take on, wire transfer and Trade finance processes.
o Submission of quarterly Financial Crime Risk Report and Annual MLRO Report to Risk Management Committee (RMC).
o Review from CDD perspective to conduct Enhanced due diligence for opening Financial Institution / correspondence banking accounts.
o Providing AML / Compliance awareness training to all relevant employees and ensuring the effectiveness of Compliance function to its potential.
o Maintain SDN's and PEP list up to date and refer to ‘Safewatch’ list for more detail.
o Attending regulatory inspectors and internal auditors to mitigate potential risks and closing the identified gaps.
Qatar Financial Centre Regulatory Authority (QFCRA) registered "Approved Individual"; managing the roles of Compliance / Risk Officer and MLRO for Alpen Capital Investment Bank and Bank Sarasin-Alpen Qatar offices.
Have reviewed and implemented the new Qatari Law no. 4 on AML/CFT and updated all internal policies of Alpen and Sarasin Qatar entities in very professional and timely manners. Have submitted Compliance confirmation with gap analysis and risk methodology to demonstrate how it was reviewed, developed and implemented in a month. This is been greatly appreciated by QFCRA (Regulator) and Risk management team.
Active participation in the following Group / Regulatory Compliance and Risk Management activities: o KYC, Client, Investment and Risk profiles checks for Quality assurance of all new accounts opened during the month and on-going periodical due diligence checks.
o Daily transaction monitoring, update client information, identification and analyze the PEP status, establish the Source of wealth and funds to check against the Client Risk Profile
o Financial promotion of Wealth Management and Private Banking products, obtain internal management and regulatory approvals.
o Customer suitability / awareness acknowledgement and treat customer fairly practices
o Code of Compliance / conduct, setting up of in house rules and discipline and obtain employee declarations.
o Speaking up and whistle blowing policy to encourage employees to flag any suspicion or malpractice in the organization
o Insider dealing / Staff personal transaction: Personal account dealing rules and to obtain staff declarations.
o Regular Training of AML/CFT to relevant employees and management.
o Group wide Projects such as CRM (quarterly Portfolio review of Private banking clients), IT Risk related reporting system and setting up of Risk management committee and modules.
I had an oversight responsibility of Qatar Legal, Compliance and Internal Control functions. The major responsibilities involved coordinating with external legal counsel and managing Group Anti Money Laundering, local Compliance initiatives and Operational Risk Management programs. During those periods, I have successfully rolled out the country's AML, KYC and General Compliance training to all staff and conducted the induction training for all new joiners. Leading and managing a team of Manager legal and Manager Internal Control. I have attended several training programs including comprehensive Compliance Officer's Skills Program in Dubai conducted by Lesson Learned (UK) Ltd and US Sanctions & Anti Money Laundering seminar in Lebanon organized by SCB Group Legal and Compliance.
Managed missions in critical Projects to streamline service delivery, rationalized regulatory reporting and inducted new technologies to identify, monitor and mitigate Operational Risk periodically.
Active participation in the following Group and regulatory compliance activities
o Compliance Risk monitoring program.
o Safety and Security awareness Computer Based Training (Health and Safety)
o Group wide Projects such as Basel II, Operational Risk Management & Assurance,
o RiskSecure, Optial risk management (In house) reporting systems.
The major responsibilities involved compilation of Middle East and South Asia (MESA) countries, periodical financial management reporting. Highlight the major reasons for variances in profit trends & profit against budget/forecast to the Management, to implement the corrective measure and plan accordingly to achieve the targeted profits.
The major responsibilities were shifted from UAE to Rest of Gulf (ROG) units such as Oman, Qatar, Bahrain and Offshore Banking units (OBU); this involved managing a bigger team performing financial (Central bank) and management reporting (Local and Group) for ROG. Represented SCB and acted as a liaison point with External Auditors and Central Bank supervisors to ensure audit tasks were handled smoothly.
Finance Officer and Business Analyst January 1992 Feb 2000
The major responsibilities were to manage UAE team analyzing financial (Central bank) and management reporting (Local and Group) for UAE.
Accreditations and Honors: 1. Played a key role in timely implementation of Qatar Central Bank Online Reporting System within the stringent deadlines; which has been recognized and appreciated by Regional Finance Team.
2. Dubai Finance Department managing Oman, Qatar and Bahrain Finance additional responsibilities, received Grade 1 in maintaining High Standards by Group Internal Audit. This was recognized by Group Finance & Chairman's Award.
3. First Finance officer of Standard Chartered Bank UAE, been Seconded to Standard Chartered Group Finance Division, London (United Kingdom)
Finance, Audit, Economics and Computer Systems are the major subjects
