Head Of Compliance
UAE Exchange - Bahrain
Total years of experience :16 years, 8 Months
• Head of Controlled Function (as a CBB Approved Person)
• Primary contact for regulators for all queries and redressals.
• Established and Implemented the AML/CFT policies and procedures as per CBB Rule book & AML Law;
• Established and Implemented Risk Framework of the company inclusive of charters for functioning of the Board and its committees.
• Performing Annual Compliance and Operational Risk Assessment for the firm and appraised Board of the findings.
• Ensuring quarterly AML/CFT training for each staff, through Internal (self-developed) and External content.
• Performed Transaction monitoring at pre & post levels for EDD and further review.
• Responsible for filing of STRs with CBB & FIU.
• Ensuring compliance with the AML Law and any other applicable AML/CFT legislation
• On-going monitoring of all transaction and levels of enhanced due diligence required for high-risk & PEP customer accounts
• Maintaining all necessary CDD, transactions, STR and staff training records for the required periods
• Formulation of remittance tie-ups with various Correspondent Banks and Money Transferors.
• Head of Controlled Function (as a CBB Approved Person)
• Primary contact for regulators for all queries and redressals.
• Established and Implemented the AML/CFT policies and procedures as per CBB Rule book & AML Law;
• Established and Implemented Risk Framework of the company inclusive of charters for functioning of the Board and its committees.
• Performing Annual Compliance and Operational Risk Assessment for the firm and appraised Board of the findings.
• Ensuring quarterly AML/CFT training for each staff, through Internal (self-developed) and External content.
• Performed Transaction monitoring at pre & post levels for EDD and further review.
• Responsible for filing of STRs with CBB & FIU.
• Ensuring compliance with the AML Law and any other applicable AML/CFT legislation
• On-going monitoring of all transaction and levels of enhanced due diligence required for high-risk & PEP customer accounts
• Maintaining all necessary CDD, transactions, STR and staff training records for the required periods
• Formulation of remittance tie-ups with various Correspondent Banks and Money Transferors.
• Establishing and maintaining the AML/CFT policies and procedures;
• Ensuring compliance with the AML Law and any other applicable AML/CFT legislation
• Ensuring day-to-day compliance with the CBB Rulebook and Company’s own internal AML/CFT policies and procedures;
• Developing the Risk-based transaction assessment model and implementing it score transactional risk based on various inherent factors within a transaction cycle.
• Making external suspicious transactions reports to the Financial Intelligence Unit, Bahrain.
• Preparation of Compliance Framework and performing regular compliance assessment of the company.
• Performing Operational Risk Assessment for the Company to appraise the Board of MEC’s exposure to risk.
• Taking reasonable steps to establish and maintain adequate arrangements for staff awareness and training on AML/CFT matters
• On-going monitoring of all transaction and levels of enhanced due diligence required for high-risk customer accounts
• Maintaining all necessary CDD, transactions, STR and staff training records for the required periods
• Formulation of remittance tie-ups with various Correspondent Banks and Money Transferors.
• Coordinating with Central Bank of Bahrain to secure regulatory approvals for new product channels & services.
• Process design and control of worker payroll distribution.
• Conducting quarterly Internal Training for all employees of the company to provide training on various AML & KYC procedure along with types of risks and their mitigants associated with their area of operation.
• Process Design & Development on Online Remittance platform and its rollout.
• Ensuring all laid down system and process are followed as stipulated by Audit and Senior Management by carrying out
Monthly / Periodic Verification of Auditable items at branches
• Ensured that all staffs are adequately trained on the Compliance Requirements, Products of the bank and sales process. Making staff aware of various policies of the bank regarding customer service and regulatory compliance.
• Screening customer profiles prior to account opening against the customer acceptance policy of the organization.
• Reporting any suspicious activity to regional management for filing STR.
• Acted as main point of contact for branch for regulatory reporting requirements.
• Ensuring all requisite information desired by local government departments is arranged within stipulated time.
• Daily monitoring of High Value transactions, Inter Branch Deposits, Exception transactions and General ledger of branch accounts
• Co-ordinating with local law enforcement to ensure compliance with security and operations guidelines issued by state government.
• Carrying out Monthly Audit Review (Non - Base Location) & Weekly Audit Review (Base Location)
• Administering proper audit process as designed by the Central & Regional Audit Team in all the branches within the assigned territory
• Overseeing Dummy / Suspense / Deferred Accounts and Accounts Payable & Receivables
• Leading & mentoring the team members and monitoring the performance of the team to ensure efficiency in process operations
• Identifying training needs of Associates and organizing suitable training programs to enhance their productivity
• Supervising staff productivity and guiding them on improving the same in coordination with Branch Manager
• Accountable for reconciliation and maintenance of Suspense Account Register as per the prescribed format
• Customer Acquisition of HNI customers
• Seeking and lending cross functional support during execution of a project
• Managing NRI customer base for active wealth management solutions.
• Ensuring compliance with organizational standards of customer service and operations.
• Coordinating with various channels for ensuring sales support across organizational network.
• Generating business through opening various types of personal accounts.
• Assessing business and individual financial needs of the clients and providing the requisite asset allocation.
• Achieving allocated business targets and actively cross -sell consumer banking products and third party products.
• Ensuring high level of customer service in the Branch. Manage difficult customer situations.
• Ensuring compliance with internal and external guidelines and ensure minimal comments in audits and other inspections.
• Ensuring transactions are processed with a high level of accuracy and commitment to satisfy customer needs.
• Ensuring validity and completeness of transactions processed and ensure concessions relative to exchange rate; fees, charges etc. are authorized / overridden by appropriate authorities.
• Taking responsibility for general reconciliation and control activities.