Unit Head AML/CFT
Mcb Bank Limited
Total years of experience :22 years, 2 Months
Facilitating implementation of Compliance & Control policies and procedures at Retail Banking branches through system customizations, process revisions, monitoring using centralized reports and awareness activities
Identify opportunities for digitization of processes and controls and work with stakeholders to execute the action plan
Managing Data Cleansing Project for Retail Banking function covering 3 Million+ active relationships - major activities of the project include:
Development of customized system screens for performing data cleansing by end users
Issuance of operational guidelines for branches and arranging periodic training sessions
Regular tracking of progress to ensure achievement of periodic targets
Performing desktop reviews to keep a check on quality of the exercise
Maintaining coordination with branches and controlling offices to keep an oversight on the exercise
Coordinated ERP implementation and upgrade including data validation & migration and system customization
Maintain active follow-up with branches and relevant departments / groups for resolution of AML/CFT/PF and FRM related issues pointed out by internal audit, external audit, compliance and SBP Inspection teams
- Independently manage SBP Inspection for Retail Banking Group (1400+ branches / offices) - that includes provision of pre inspection data to SBP Teams, on-site and off-site inspection facilitation and coordinate contest preparation against highlighted observations
- Multiple Annual and Thematic Inspections handled related to areas such as AML/CFT/CPF Compliance, Customer Risk Profiling, High Risk Customers / Jurisdictions, DNFBPs etc.
- Coordinate between Compliance Function and Business Operations for implementation of AML/CFT Guidelines
- Manage timely reporting to Regulator & auditors during on-site and off-site inspections and ICFR Reviews
- Coordinate for resolution of BoD and Its Committees‘ Decisions related to Retail Banking - -- Arrange resolution of process and operational exceptions highlighted during regulatory and internal audits
- Facilitate formulation of SOPs in light of regulatory guidelines related to compliance and controls
- Analyze design and operating effectiveness of processes and controls that impact revenue assurance and key financial processes
- Coordinated ERP implementation and upgrade including data validation & migration and system customization
- Developed KPIs in Performance Management System for various roles related to Retail Banking
- Assess training needs of the staff under supervision for their professional development
• Managed Regulatory Inspections of the Retail Banking segment of the Bank - from pre inspection data provision to contest of SBP's observations until report finalization
• Managed periodic data reporting to Regulator & auditors during off-site inspections and ICFR Reviews
• Appraised soundness, adequacy and application of system of internal controls for regular improvement of systems, processes and practices through regular checks / system based reports
• Developed KPIs in Performance Management System for various roles in Retail Banking segment
• Conducted original and innovative research projects relating to areas of current and developing concern to accounting and finance
• Identified emerging and would be emerging issues relating to financial reporting, auditing, SMEs and Microfinance and produced e-commentaries and research reports on these issues for dissemination to key stakeholders
• Evaluated EOIs of the workshop leaders for the technical workshops conducted by ACCA
• Prepared & analyzed monthly/periodic financials for a $32 Million equity in accordance to the IFRS and local laws
• Facilitated and coordinated with KPMG for structuring a $700 Million construction project. Provided input, variables and pertinent financial data. Worked closely with the feasibility and recommendation analysis team
• Business Control and Risk Mitigation - documented policies and procedures for the accounting and finance
• Reviewed and monitored operational budgets, cash flows and set expense ceilings
• Vendor Contracts Negotiation - for financial and legal implications and executed accordingly
• External and Internal Audit - compliance with statutory requirements and internal controls
• Prepared and analyzed monthly/periodic financial statements for a PKR11 billion ($ 183 Million) composite textile unit in accordance with IFRS and local laws
• Independently managed and supervised AP and AR Modules (Oracle Financials-11i)
• Prepared operational budgets of PKR600 Million to enhance operational efficiency to ultimately reach desired financial goals
• Recaptured two years of delayed reporting for sales tax refund and export rebate and compiled, organized and maintained up-to-date data
• Reconciled GL balances with AP, AR & FA modules post Oracle Financials implementation
• Supervised preparation of bank reconciliation statements, balancing long outstanding un-reconciled differences
• Facilitated the implementation of controls in accounts function
• Joined as entry level auditor and progressed to Audit Senior within a year. Performed audits of listed and non-listed organizations with diversified specialties
• Conducting core audit responsibilities including review and analysis of internal control effectiveness of engagement clients.
• Planned and performed audit assignments in line with International Standards on Auditing
• Prepared and Drafted audit summary memorandums, MLs and audit reports