Senior Officer AML/KYC & Remittances
Allied Bank Limited
Total years of experience :31 years, 5 Months
AML/KYC & Remittances Unit, Compliance Group
(March 2006 todate)
Presently working as Senior Analyst AML/KYC & Compliance Major responsibilities are appended below:-
•Transactions monitoring for customers as well as staff accounts & PEPs accounts using MANTAS (ORACLE FCCM) ‘AML Solution’ timely review, analysis & investigation of alerts, highlighting exceptions to concern units/branches for clarification & resolution.
•Identifying & scrutinizing of all Large Cash Transactions, Foreign-currency Transactions/ Remittances & Charity Transactions on daily basis by utilizing MANTAS (ORACLE FCCM) ‘AML Solution’ & the TEMENOS T-24, subsequently reporting of suspicious/ out of character transactions (SAR/STR/CTR) to higher authorities & Financial Monitoring Unit.
• Communicating with the branches for submission of required information/documents and further scrutinizing and evaluating the transactions with the customer profile.
•Liaising with relevant internal and external bodies, including SBP inspection teams, FMU, external auditors and internal auditors for Compliance/AML/KYC issues.
•Development & implementation of Know Your Customer (KYC) form as well as standard AML Questionnaire for all correspondent banks. Also member of BankersAccuity.
•Assistance to Chief Anti Money Laundering Officer-CAMLO regarding AML/KYC Unit obligations in terms of Regulatory Compliance requirements, Compliance / AML policies & procedures, international AML standards & adherence of AML/CFT Regulations & FATAF Recommendations.
• Update the Group Chief Compliance/AML on all related issues by preparing summaries of review / findings & discuss opportunities for improvement.
• Ensure that the country compliance adheres to the requirements laid out by the Bank Policy and SBP (central bank) with respect to AML / KYC specifically.
•To provide necessary training / guidelines to the Compliance/AML Staff.
•Formulate performance report of the entire Compliance Group, on quarterly basis & highlighted significant activities / achievements during the quarter & submit to Group Chief-Compliance afterward to CEO / BOD /SBP.
•Preparation of Presentations & highlighted achievements, work plan & targets on behalf Head of Department, Compliance & AML/KYC
Achievement/Special Assignment.
Assist Senior Management in preparing the following Bank’s Policies/Manuals/Tasks.
•Successfully implantation of AML Solution ‘MANTAS’ (ORACLE FCCM) in the Bank. I was Team member of execution team of AML Solution ‘MANTAS’.
•Compliance Policy - 2012
•Compliance & Anti Money Laundering Manual
•Internal Control Manual
•CTR Data Management 2011 & 2012
Internal Control Unit - Operations Division
ICU Office (Dec-2003 to Feb-2006)
Worked as an Officer of Internal Control Unit (ICU) Operation Group, following task has been done.
•Monitored / followed-up performance of ICU field Offices/officers and corresponded with all Regional Controller-ICU (11 Regions) such as
oRecovery of Leakage of Income detected by ICU Officer.
oRotation of field staff as directed by SBP.
oRectification of Exception, reported by ICU Officer during the branch visit.
•Monitored / followed-up of Training Session / monthly meetings of ICU field officers, as directive by SBP.
•Analyzed Balance Sheets of peer banks, assigned by the Divisional Head.
Central Accounts Department - Finance Division
Office (Jan-1993 to Dec-2003)
Associated with Head of CAD, Finance Division, and following task has been done.
• Monitored Inter Branch Transaction (Pak A/c-II) & Reconcile these transactions pertain to various branches to comply with regulatory obligations.
•Identified & regularized number of double responded & No originated entries resultantly bank had saved possible financial loss
•Prepared comparative position of Inter Branch Transactions/entries & report to the CEO or top management of the Bank
•Prepared Budget Statement of entire group & submitted to Budgeting Department.