Compliance Officer - VP
Natixis
Total years of experience :22 years, 4 Months
The role is for Corporate and Investment Banking (CIB) Compliance and includes the following:
- Internal Control
- Compliance Advisory such as Marketing Material, Conflicts and Information Barriers, Cross Border Marketing, New Product Advisory, New Regulations implementation.
- Development and delivery of training to branch staff
- KYC and AML matters - Client on-boarding and periodic reviews
• Execute the Compliance Monitoring Program consisting of planning, testing, reporting and follow up of identified AML and compliance issues across ENBD Group.
• Provide compliance advisory on Control Risk Self Assessments which are used for new products / services and provide compliance input on marketing / promotional material and key client communications.
• Research upcoming regulatory changes and create regulatory awareness by preparing monthly and quarterly newsletters / briefings.
• Review and approve products, policies and other documentation for entities operating under the jurisdiction of DIFC / DFSA, Central Bank of the UAE, SAMA, CMA and MAS.
• Performed compliance monitoring reviews of entities operating under the jurisdiction of DIFC / DFSA, SCA, CMA and Central Bank of the UAE.
• Oversight over all branches and subsidiaries operating in various jurisdictions through obtaining compliance information on breaches, complaints, regulations, regulatory examinations and AML statistics.
• Developing and assembling risk packs for reports to senior management and Group Risk Committee.
• Member of the Core Committee for the FATCA project. Prepared FATCA communications, briefing documents and presentations to Exco and senior management. Delivered FATCA presentations to the Compliance and Legal departments. Involved in entity analysis, product analysis, policy and procedure development and solution design.
Professional Abu Dhabi Commercial Bank October 2010/January 2012,
Experience Manager, Internal Control Dubai, UAE
Reporting into the Head of Operational Support, the position is responsible for the Business
Operational Risk Manager (BORM) role for Operations. It involved working in coordination with
Group Operational Risk Management and Group Business Services units.
• Develop, standardise, improvise and report monthly on Key Risk Indicators (KRIs) for
Operations.
• First level screening, analysis, classification and reporting of Operational Loss Events and
Errors to Group ORM, Head of Operations and COO.
• Develop, prepare and report on the risk profile of Operations via the monthly Risk
Dashboard for senior management consisting of COO, Head of Operations and the wider
Operations and IT Risk Meeting.
• Develop, roll out, perform and report on the quarterly Controls Monitoring and Testing program for Operations which included Branches, Trade Finance, Payments, Treasury and Wealth Management Operations.
• Feedback the results of quarterly Controls Monitoring and Testing program for enhancement of the RCSAs for Operations units.
Joined the Group Audit department as an Internal Audit Assistant in August 2003 and grew up to Senior Auditor level by July 2006. Job responsibility was to provide assurance to senior
management on design and effectiveness of internal controls, policies and procedures by planning, conducting and finalizing audits and delivering reports to management for their
responses. Follow up for the timely and adequate implementation of recommendations resulting from audit reports. Assist the Head of Audit in Audit Committee meetings, maintaining the audit universe, preparing the annual audit plan and planning for audits in
UAE.
Work Summary - Business Audits: • Retail/Consumer audits covering Call Centre, Personal Loans, Term Deposits, Credit Cards,
Credit Risk Management, Credit Policy Management/MIS, Credit Product Program
development, Collections, Provisioning, Branch Operations, Teller Services and Customer
Services.
• Private Clients and Preferred Banking audit covering securities trading execution desk,
payment instructions handling, monitoring of limits for securities trading, Investment
Advisory, product development, KYC and Compliance processes.
• Payments and Trade Operations covering Inward / Outward payments via SWIFT/CBFTS,
Internal Transfers, Cheque Clearing, Cheque Collections, LC's and Guarantees including
Compliance with FATF recommendations.
• Performed extensive work on the investigation of OFAC violations at ABN AMRO, liaising with external legal counsel that was representing at the Federal Reserve and the subsequent remedial actions and reporting from an audit perspective
• Corporate Credit Administration audit covering documentation, reporting, limit loading,
limit monitoring and security over documentation.
• GBM Trading Operations covering Trade documentation, Standard Settlement
Instructions, Trade Confirmations and Trade Settlement
• Business Continuity and Disaster Recovery Management covering planning,
documentation and testing.
• Performed Quality Assurance peer reviews for the Hong Kong & Netherlands teams.
Work Summary - IT Audits: • Lead the audit of Local Area Network (LAN) covering Router configuration, Windows
domain policies and Firewall set up and Security.
• Implementation audit of Core Banking platform Finacle Core and CRM audit covering OS
(Windows), Database (SQL Server and Oracle) and Application controls.
• Post Implementation audit of Finacle Core Banking Platform for Hong Kong and UAE.
• IT Data Centre and AS400 audits in Netherlands and UAE.
• Government Bond Trading audit of bond trading IT Systems in London, UK covering Trading and Pricing systems.
• Security Administration audit of EDS Support Centre, Malaysia covering user management
processes over several applications.
• Audit of Credit Cards processing vendor processes & systems at Athens, Greece.
• Executed the Audit for the project implementation of the core banking system for Consumer clients i.e. Finacle Core and Finacle CRM from Infosys.
• Member of the core committee for Finacle Platform implementation in UAE.
• Identified revenue leakage of approximately USD 100, 000 per annum for Teller Charges due to software script errors during Branches audit.
• Identified operational enhancements that lead to the streamlining of FX cash purchases for Teller services resulting in savings.
Professional ABN AMRO Bank NV April 2002/August 2003
Experience Junior Banking Assistant, Payments Processor Dubai, UAE
Joined the Cash and Payments Services department in April 2002 and promoted to Banking
Assistant in July 2003. Job responsibilities consisted of timely and 99.99 % accurate processing of client instructions for all transactions - Clearing and Inward, Outward Collection / Transfer.
Outsourced Staff, Project Basis 2002, Dubai, UAE
Project for Compliance and Client Services that required creation of a MS Access based
system and entering relevant data into the system for information pertaining to the ownership
structure, type of company, etc for Corporate and SME clients.
• Diploma in Advanced Computing (DAC) - Center for Development of Advanced
Computing (CDAC), Pune, India - 2001 covering Database Technologies, Development Tools and Web Technologies.
• Bachelor of Commerce (B. Com.) - University of Mumbai, India - 2000.