Assistant Manager-AML & Compliance
Ajman Bank
مجموع سنوات الخبرة :13 years, 4 أشهر
October 2008 - To date Ajman Bank Assistant Manager-AML & Compliance
May 2008 - October 2008 Commercial Bank Int. Compliance Officer
Mashreq Bank PSC, Dubai, UAE - August 2002 to May 2008
Internal Control & Compliance Officer
• To ensure that the services offered by the bank to its client are not being used by customer for any activities which are not in compliance with AML policy of the bank and UAE AML regulations through effective monitoring of operations in the account of customers on regular basis.
• Review money laundering reports like daily transactions exceeding the threshold limit of AED 40K.
• Perform UAT for SAS - AML solution for Retail Banking Group.
• Review of suspicious transactions, triggered by recently installed SAS - AML Interface software on daily basis.
• To analyze, investigate & interpret for all Suspicious Transaction Report 'STR' rose by branches for their onward submission to Compliance, Head Office.
• Call for details of suspicious transactions and related documents and carry out investigation thereon with reference to Compliance & AML policy.
• Reporting the accounts which have been closed due to four return cheques to UAE Central Bank.
• Attend to Central Bank's circulars as regard to name search, freeze or release of accounts pertaining to Bank's customers.
• To check the names of prospective customers on the World Check website for queries sent by branches.
• Monitoring and capturing of Inward Remittances from KSA and reporting the same to the Central Bank.
• Prepare and submit regulatory reports to Head of Compliance for onward submission to Central Bank.
August 2002 - April 2008 Mashreq Bank Internal Control & Compliance Officer
Ajman Bank PJSC, Ajman, UAE - October 2008 till date
Assistant Manager-AML & Compliance
• To ensure that Bank is complying with UAE Central Bank requirements & global Compliance.
• Identify Compliance risks and manage them by providing regulatory advice.
• Provide guidelines to operation & business as per regulatory guidelines.
• Prepare periodical MIS & other reports for the Head of Compliance.
• Review suspicious customer's accounts in relation to AML policy of the Bank.
• Monitor customer's transactions including cross border inward/outward remittances.
• Implemented of Safewatch Filtering system to screen the entire SWIFT's messages originating to/from Ajman Bank against black lists such as OFAC, EU, and PEP's.
• Currently working on Safewatch profiling system to monitor customer's suspicious transactions and incorporate various scenarios into system.
• Currently working on the project for the implementation of 'FACTA' at Ajman Bank.
• Implementation of the thresholds for monitoring customer's daily transactions.
• Design and implement KYC forms for customer's account opening.
• Design and implement AML & KYC questionnaire for correspondent banking relationship.
• Provide AML requirements to TEMENOS team (banking software solution) for incorporating in the Bank's AML system.
• Obtain Central Bank approvals for the installation of offsite ATM's.
• Coordinate with Central Bank for inspection of new branches and obtain approvals for conducting banking activities.
• Ensure proper Compliance and due diligence prior to establish any new correspondent banking relationship.
• Conduct checking's and investigations of the high risk categorized accounts transactions.
• Sample review of AOF to ensure the procedure of opening accounts are in accordance with the Bank's policy.
• Provide AML, Compliance & Sanctions trainings to all bank front staff members.
• Organize AML & KYC E-Learning training for all staff members.
Commercial Bank International, Dubai, UAE - May 2008 to October 2008
Compliance Officer
• Design and document the parameters for Giftsweb EDD Anti-Money Laundering & OFAC solution system for all areas of the bank.
• Provide necessary assistance to Head of Internal Audit & Compliance to ensure proper control over the ongoing bank's AML system, procedures and recommend additional controls and compliance with legal and regulatory requirements.
• Maintain and build a database of all compliance issues across the bank.
• Identify and inform management of high-risk compliance issues.
• Ensure that training and awareness programs are in place to strengthen understanding of compliance with legal requirements and corporate policies.
• Provide advice and guidance to senior management of business sections, divisions on all queries related to compliance issues.
• Review bank's AML questionnaires submitted by other correspondent banks and ensure that it has inline as per regulatory requirements.
• Review, align & Cross referencing KYC & AML policy with Bank's SOP for AOF.
• Monitor high transactions in staff accounts and obtain documentary evidence from them for justification of highlighted transaction.
• Represented Internal Audit & Compliance Division in the committees for conducting a look back exercise for profiling of customer and segregation of accounts between RBG & CBG.
• Preparing training sessions for Branch & Department Anti Money Laundering Officers to ensure Central Bank reporting and Compliance with AML policy.
Nihal Hotel, Dubai, UAE - January 2000 - July 2002
Night Auditor/General Cashier
• Responsibilities include;
• Checking and auditing of guest folios, paid outs, cash receipts and outlets bills.
• Passing necessary entries for settling of relevant accounts.
• Monitoring and updating of daily posted manuals and ensuring the validation.
• Maintaining record for the petty cash and reimbursing on time to time basis.
• Preparing daily profit and loss statement of the hotel and presenting/reporting to financial manager.
• Certified Compliance Officer • B.Com. Bachelor of Commerce, Punjab University, Lahore, Pakistan
• FSC - Intermediary in Pre Engineering, Federal College, Lahore, Pakistan
• Matriculation in Science, Cathedral High School, Lahore, Pakistan