Head, Anti Financial Crime Compliance
Telenor Microfinance Bank
Total years of experience :17 years, 10 Months
Manage AFC unit within Compliance Function to supervise and undertake activities
related to CDD/ KYC, AML & CFT monitoring & Sanctions Compliance to manage the
Bank’s ML/TF risks and ensure compliance of related Laws, Rules and Regulations,
• Monitoring and ensuring the organization's compliance with local and international laws
and regulations related to financial crimes.
• Design & conduct Bank-wide periodic ML/ TF risk assessment in the light of National Risk
Assessment and other studies performed by the government authorities and evaluate
Bank’s controls to mitigate the identified inherent risks.
• Conducting risk assessments to identify potential areas of vulnerability to financial
crimes.
• Developing strategies to mitigate these risks and enhance the overall risk management
framework.
• Providing training to employees on anti-money laundering policies and procedures and
promoting awareness and a culture of compliance throughout the organization
• Implementing and overseeing the use of technology solutions for monitoring and
detecting financial crimes.
• Collaborating with other departments, such as legal, risk management, and compliance,
to ensure a comprehensive approach to financial crime prevention.
• Running a transformation program of conversion from Microfinance bank to Digital bank
from AFC’s perspective.
• Leading the Transactional Monitoring (AML) and Transaction Screening teams (Sanction
Screening for Cash and Trade transactions) for all the segments including Retail, Corporate,
Correspondent Banking etc.
• To support Head FCSO, COO, MLRO and CFCC function in meeting its obligations in terms of
compliance with law, regulations and bank’s policies & procedures for the prevention of
money laundering and terrorist financing
• Ensure full compliance with pertinent rules and regulations and escalates issues discovered
during ongoing review and assessment of AML and Sanctions risk.
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INTERNAL
• Support in review to CFCC and Business for Anti Money Laundering and Combating Terrorist
Financing (AML/CFT) procedures to confirm alignment with policy requirements.
• Escalate AML and sanction related issues and transactions/activities to CFCC to file STRs
with FMU.
• To implement different new systems with respect to sanction and AML / CFT requirements
and monitoring of transactions within FCSO.
• To co-ordinate with other units like CFCC, Legal, Business, Operational Risk, CDD
Operations, IT etc. to address significant risk issues related to AML/TF and Sanctions.
• Developing mechanism accordance with the guidelines of central bank and other LEAs to
mitigate the risk of ML/TF and support Head of FCSO and MLRO in managing obligations to
these risks.
Managing the Transactional Mointoring (AML) and Transaction Screening teams (Sanction
Screening for Cash and Trade transactions) for all the segments including Retail, Corporate,
Correspondent Banking etc .
• Ensure full compliance with pertinent rules and regulations and escalates issues discovered
during ongoing review and assessment of AML compliance risk.
• Support in review of Business Line for Anti Money Laundering and Combating Terrosist
Financing (AML/CFT) procedures to confirm alignment with policy requirements.
• Conduct risk assessments to identify areas of potential risk and develop appropriate policies
and procedures to mitigate those risks.
• Escalate sanction related issues and transactions/activities to the MLRO to file STRs with
FMU.
• To support MLRO and CFCC function in meeting its obligations in terms of compliance with
law, regulations and bank’s policies & procedures for the prevention of money laundering
and terrorist financing
• Manage the assessment of Production Orders and process of List Management/wathclist.
• implementation of the company’s anti-money laundering (AML) and counter-terrorist
financing (CTF) program.
• Maintain a high level of compliance awareness and knowledge to support the MLRO
effectively.
• To protect and enhance reputation of the bank with its regulators and avoid significant
financial loss with respect to complying with AML/CFT and Sanction requirements.
• Responsible for performing sanctions reviews on clients who have exposure to sanction
countries and investigating the business relationship of the client with Bank.
• To implement different new systems with respect to sanction and AML / CFT requirements
and monitoring of transactions.
• To co-ordinate with other units like Legal, Business, Operational Risk, CDD Operations, IT
etc. to address significant risk issues related to AML/TF and Sanctions.
• Successfully managed Group Internal Audits (GIA) and regulatory inspections with well controlled / acceptable ratings.
Ensure proper functioning of day to day controls, periodic monitoring activities and timely
identification and resolution of risk issues pertaining to different Retail Banking Units
including Account Services Unit, Credit Cards and Lending Operations and Independent
Reconcilliation unit.
• Monitoring and execution of Operational Risk Framework (ORF) including Key Control
Indicators (KCI), Key Risk Indicators (KRI) and performance of Control Sample Testing for
Retail Banking Units including Account Services Unit, Credit Cards Operations, Lending
Operations and Independent Reconciliation Unit.
February 2015 - Aug 2021 Senior Manager/ Associate Director - Monitoring & Surveillance, Investigation, Screening in CFCC
April 2013 - Jan 2016 Risk Controller/ Risk Manager - Retail Banking Operations
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INTERNAL
• Ensure effectiveness of Group, Local and Business CSTs by customizing the tests to meet
country standards related to Retail Lending Units.
• Monitored various operational issues and performed risk management on processes.
• Provide training on AML/CDD, Sanctions and New regulations to Operations Staff.
• Efficient analysis, reporting and escalation of real or potential significant operational risk
exposures.
• Worked closely with all Business and Operations Unit to ensure operational risk and
controls are being managed appropriately, with proper assessment.
• Managed and ensure adequate staffing and implementation of first line controls and
assurance.
• Manage the team involved in the end to end processing of the following portfolio’s on PanPakistan basis
• Account Opening / Maintenance of accounts.
• Signature updation of New and existing accounts
• Alternative Distribution Channels for New and Existing accounts.
• Credit Card Applications
• To ensure compliance of the State Bank regulations / internal policies and procedures for all
activities.
• To coordinate with the Business, Product Team and Technical teams for the launch of new
products, system applications and process re-engineering.
• Scrutiny AOF including (Individual, Joint, Minor, Sole proprietor, Partnership & Private
Limited Companies) under SCBPL & SBP Policy.
• Daily Basis Report to the seniors for MIS.
• Handling the complaint management system and resolve all the complaints within TAT
time
Reconciliation of various GL’s pertaining to Mortgage/ Auto / PRL down payment,
repayment, payoff & partial payoff as per regulatory / policy requirement.
• Ensure that funds in inter-branch account are settled within specified TAT.
• Income realization of processing fee & markup income as per policy/regulations.
• Correspondence with cross-functional units for resolution of outstanding entries.
• Settlement of Personal loans and Auto loans.
• Handle all queries regarding loan from Customer service and Collection.
I have completed my MBA in Finance and also attain the ACAMS Certificate