Ronaldson Nicolas

• Managed opening and closure of bank accounts across subsidiaries in compliance with company policies and regulations.
• Coordinated with banks to ensure timely completion of account documentation.
• Maintained accurate, up-to-date records of all active and closed bank accounts.
• Ensured collection, verification, and maintenance of KYC documentation for all banking relationships.
• Reviewed and updated KYC records to meet regulatory requirements and reduce compliance risk
• Resolved KYC discrepancies in coordination with banks and internal departments.
• Manage and update bank mandates, ensuring that authorized signatories and the power of attorney are accurately reflected in all banking arrangements.
• Liaised with banks to implement and update mandates, ensuring proper transaction authorization across accounts.
• Streamlined onboarding processes, reducing documentation gaps and improving turnaround time.

• Implement: AML procedures to meet legal requirements.
• Monitoring Transactions: Detect and report suspicious transactions.
• Customer Due Diligence (CDD): Perform KYC checks and assess customer risk.
• Suspicious Activity Reporting (SAR): Investigate and report suspicious transactions to regulators.
• Training Employees: Educate staff on AML compliance and procedures.
• Risk Assessment: Regularly assess and mitigate money laundering risks.
• Regulatory Reporting: Coordinate with regulatory bodies and submit necessary reports.
• Audit and Recordkeeping: Maintain accurate records and assist in audits.
• Investigations and Escalation: Investigate alerts, escalating serious cases when necessary.
• Stay Updated: Ensure the institution is aware of changes in AML laws.

• Oversee cash transaction operations, including receiving and issuing cash transaction instruments.
• Cross-sell products and services, including the purchase and sale of foreign currencies.
• Process payments for cash against authorized cheques, credit cards, and value-added services (such as
National Bond, Western Union, Transfast, Instant Cash) in line with company policies.
• Assist customers with various services, including Demand Drafts, SWIFT/Telex transfers, and Electronic
Transfers.
• Manage branch cash levels, ensuring excess cash is sent to the bank when the vault exceeds the
required limit.
• Maintain sufficient cash in the branch to meet daily operational needs.
• Ensure strict adherence to Anti-Money Laundering (AML) protocols and Al Fardan Exchanges general
policies and procedures.
• Report discrepancies, such as cash count issues, fake notes, or transaction problems, to the Branch
Manager.
• Perform end-of-day reconciliations, ensuring all cash receipts and transactions are accurate and in line
with business requirements.
• Act as the primary point of contact and oversee branch operations in the Branch Managers absence.

Key Duties & Responsibilities:
- Loan Application Process
• Provided loan product orientation and assisted applicants with Pre-Application Forms.
• Conducted interviews to verify applicant data and collateral documents.
• Ensured the completeness and validity of all submitted documents.
• Endorsed loan applications for managerial review and interview.

 Loan Processing & Documentation
• Processed approved loan applications and ensured accurate data entry.
• Maintained organized and up-to-date credit files, tracking document transfers.
• Handled loan releases, ensuring all necessary forms and data were completed correctly.

- Account Management & Collection
• Managed and updated client accounts, ensuring accuracy and completeness.
• Collected payments on unsecured loans and issued official receipts.
• Maintained a 100% on-time payment record, with zero tolerance for missed payments.
• Prepared monthly billing statements, loan due date notices, and overdue payment reminders.

- Monitoring & Reporting
• Monitored Portfolio at Risk (PAR) and addressed discrepancies promptly.
• Prepared periodic reports on loan account statuses and balances.
• Reconciled subsidiary loan ledgers with the general ledger daily and monthly.

- Communication & Customer Relations
• Communicated with customers to reconcile accounts, request overdue payments, and resolve chargeback issues.
• Assisted with the preparation of collection letters and lists.
• Cash Handling & Remittance
• Processed cash/cheque payments and prepared remittance reports.
• Ensured timely remittance of collections to Cashier/Teller, addressing discrepancies as needed.

- Additional Duties
• Assisted the General Bookkeeper in preparing financial reports.
• Performed other tasks as assigned by the company.