Head of Compliance- Pakistan and Afghanistan
Damco Pakistan (Private) Limited
Total years of experience :10 years, 3 Months
Developing the organisation’s Compliance plan for Pakistan and Afghanistan and ensuring its application
Ensuring compliance with the law, rules and regulations and analysing its impact on the current operations and business
Monitoring and ensuring Compliance with the Group rules on Anti-corruption, Fraud, Foreign trade controls, Dawn raid and Competition compliance
Ensuring that the management and the employees are well aware of the Group policies relating to above mentioned rules through training and communication
Promoting and encouraging the Whistle-Blower system and Hotline
Staying abreast of the latest developments in the field of Anti-corruption
Performing Risk assessment and devising an action plan to mitigate those risks
Identifying potential areas of compliance weakness and risk associated with them
Ensuring the continuous monitoring of critical processes
Promoting a culture of adherence to the Group values and building a sense of accountability into the systems
Reducing the Facilitation payment over time through conscious effort by not surrendering to such demands
Compliance Orientation sessions for the new joiners
Initiating Fraud detection, Investigation and disciplinary action
Responding to the alleged violations of policies and procedures
Developing Compliance SOPs and giving them local considerations
Dealing with government officers and trade associations
Working in close collaboration with other departments to solve the Compliance challenges
Approving customers after checking their background in Integration point Software
Conducting background check and due-diligence on vendors such as through onsite visits, google searches etc.
Ensuring that Compliance strategy is well integrated and supports in meeting overall strategic goals and objectives of the Company
Representing the Company at Industry Association level for achieving the common industry goals such as developing consensus against any adverse legislation proposed or passed by government
Educating employees about the Conflict of Interest situations and getting declarations from them
Legal and Claims:
Defending and representing the company in court of law
Responding to any legal notices and review progress of outstanding litigation and liaise with external lawyers
Agreement vetting and inserting standard compliance clauses into agreements
Responding to any claims and entering them in Risk Management Information System (RMIS)
Detailed investigation of facts behind all the legal notices, court cases and claims
Advising management on legal implication of any particular decision to be taken
Defending the company in local arbitration
Health Safety, Security and Environment (HSSE)
Manage all health and safety matters within the country
Liaise with local management to implement Health and Safety standards and requirements
Roll out Damco Health and Safety trainings
Have oversight of country Health and Safety legal compliance
Health and Safety Point of Contact for local Clients and Authorities
Conducts Health and Safety risk assessments and ensure corrective and preventive measures are undertaken
Investigate, analyzes and reviews accidents or near misses
Audit subcontractors and follow-up to ensure adequate Health and Safety performance
Periodic review of country Health and Safety documentation
Providing support for country commercial and compliance efforts
Ensure all employees are properly informed about the working, environmental and safety policies of the organization
Role in Country Leader Ship team (Management):
Performing the Business Partnering Role and helping team in making key decision and thereby achieving goals
Attending strategy meetings to discuss the current challenges to the organisation’s objectives and supporting the team accordingly
Ensure that the company complies with all the requirements relating to Taxation and Companies Ordinance, 1984
Preparation of feasibility studies, budgets and forecasts
Monthly presentation to management on Company’s performance and supporting them in making decisions
Ensuring timely and successful completion of monthly, quarterly and yearly reporting
On job training, development, supervision and appraisal of staff members
Communication with key members of the management team and providing them support in day to day operations
Dealing with Lawyers, Tax advisors and Auditors
Dealing with external authorities like Federal Board of Revenue and State Bank of Pakistan through advisors and bankers for Company’s important matters
Monitoring and strengthening of Company’s internal controls
Adhoc audits of important areas
Red flag mitigation and responding to potential Fraud risks
Acted as a signatory for operational and transactional payments
Working Capital Management- ensuring timely recoveries from customers
Collaborating with other departments for resolution of important issues and tasks by maintaining high level of communication
Conflict management in critical situations
Managing the Finance team in day to day operations
Worked in various capacities stating from junior executive till supervising senior.
Areas worked in:
Audit
Risk advisory services
Transaction advisory servies
Taxation adn Legal Services
I am looking forward for a role in Compliance and Internal audit. In my current position I look after following major areas: § Fraud preventation and Control § Trade Compliance (FCPA, UK Bribery and other local and international trade laws) § Procedural audits § Claims and Legal matters § Training and development of employees § HSSE (Business Continuity Planning) § Internal controls § etc