Consultant Compliance
Tanfeeth
Total years of experience :15 years, 11 Months
• Performing investigations on customer screening alerts generated by the Financial Crime Risk Manager (FCRM) transaction monitoring system upon screening of the customer database against designated Watch lists (UKHMT, OFAC, UN, EU, Interpol and PEP lists). Ensure that the true matches are escalated to relevant business compliance for further action and false positive alerts are promptly closed, post through investigations.
• Ensure that the bank meets its regulatory requirements around know your customer (KYC) and sanctions as well as to meet Correspondent bank standards/expectations around higher risk customers.
• Undertaking KYC reviews by comparing customer documentation on record against the Bank’s KYC requirements, identifying the discrepancies/gaps and updating the documentation and information in bank’s systems for customers identified on a “Risk based” approach.
• Review and check documentation for high risk account accounts; ensure information is adequate, complete and work with business personnel to obtain missing information also reviewing and remediating FATCA compliance project, as mandated by the UAE Central Bank.
• Identify the gaps in information as per standard and coordinate with Branch RM, Private client Group and Group Compliance -Special Project Team Operations regarding general compliance regulations, BSA and Know Your customer (KYC) requirements, provide updates, obtain information, and advice on policies and procedure as necessary
• Conduct Enhanced Due Diligence (EDD) research and complete report on high risk clients. Ensure existing account meet Bank Secrecy Act (BSA), Anti-money Laundering (AML), and other compliance requirement as directed by central bank and regulatory Authority
• Assist with the Bank’s Compliance risk assessment program and enhanced Due Diligence (EDD) reviews.
• Re-review the document after the completion of documentation and recommend whether the account is remediated or not as per specified Bank Standard
• Worked as an authorizer and teller in retail branch banking.
• Handling teller team and responsible for teller and operations related queries and issues.
• Checking of Account opening forms and doing audit for the branch.
• Cashiering which include zero error teller transaction within a specific turnaround time.
• Handling portfolio customers & identifying potential customers. Find out possible business opportunities from these set of customers & doing business to make maximum revenue.
• Sound knowledge in KYC and AML policy, transactions monitoring etc.
• Banking Forex transactions which include purchase and sale of foreign currencies, sale of forex prepaid cards, outward remittance to abroad, issuance and encashment of travelers’ cheque, issuance of FCY DDs, liquidations and reporting of FCY cheques to treasury on time.
• Doing Branch operational activities like RTGS, NEFT, collection of direct taxes, issuance DDs, daily checking of internal operational reports and audit checks.
• Custodian for Vault and safe deposit lockers.
• Accountable for providing quality standards for operational areas & ensuring adherence to quality standards.
• Establish healthy business relations with clients & external associates for securing repeat business & long-term customer loyalty and worked towards solving their queries and complaints efficiently.