Wassim Abou Harb

Monitoring & Review Unit; Tasks and Duties:
• To ensure the implementation of adequate systems and procedures for GL monitoring and follow up
• Ensure the integrity and quality of the bank’s internal accounting records and the resultant financial information provided
• Preparing daily & weekly monitoring and reviewing reports for various bank accounts using both systems generated & manually prepared spread sheets & sending necessary communications to concerned Branches/Departments to make corrective actions if needed.
• Communication and escalation of all unresolved outstanding items to department / division manager
• Implementation of new financial control reports for monitoring / review purposes across the Bank
• Handling the monthly monitoring & reviewing process by preparing various reports such as:
- Interest & principal reconciliations of different customer products between GL & internal accounts level to ensure accuracy & capture any differences.
- Preparation of the monthly proof reports for all the bank branches, operation & financial control departments & other divisions depending on the ownership & nature of each account with an objective of accounts balance assurance & controlling accounts aging.
- Submitting the monthly findings report to concerned departments/divisions based on the monthly proof to reflect necessary adjustments/corrections & obtaining missing evidence if necessary.
- Follow up on pending accounts issues through a daily updated monitoring & review report showing incidents aging to insure application of corrective actions & closures of previous findings & recommendations.
- Internal account security level check to ensure the correctness of security level for each account user & submit a list of required amendments to IT department.
• Control of granting user access rights to the bank’s core system process
• Responsible preparation & submission of quarterly fixed assets reconciliation report comparing balances on GL with others on both fixed assets system & Manual Register & submit findings to finance department for necessary corrections if any.
• Liaison and co-ordination with both external & internal auditors to assist them in timely completion of their assignment.


Projects Management:

• Ensure the implementation of the financial control mechanisms across the Bank
• Development and implementation of financial control and integrity systems across the bank where these have been ‘weak’ and the need for them unrecognized / unappreciated
• Specializes in the creation of financial, mathematical and statistical models used to improve overall efficiency
• Protectively support “T24” implementation

• Monitoring & Reporting
• Responsible for checking NOSTRO accounts through Corana system
• Update treasury department with Central Bank and FCY NOSTRO balances
• Create the entries to settle the extra transactions like profits and charges fees and send them to the responsible department
• Ensure that all outstanding items are escalated
• Follow pending transactions and cases via SWIFT and other communication
• Timely escalate all NOSTRO late receipt for manual accounts statements to line manager to avoid reoccurrence and late review of respective NOSTRO account
• Provision of training and guidance to the staff to enhance productivity, contribution and value-add to the department / bank.

• Checking & authorization of all front office transactions \n• Settlement of deals transactions i:e financial movements, SWIFT, AS/400 system \n• Reviewing all kind of MIS i:e nostro, positions, revaluation, outstanding deals \n• Following up all pending amounts and cases \n• Handling and controlling capital market products and their coupons \n• Handling Cross Currency Swap deals and Interest Rate Swap deals and their related reconciliation entries \n• Preparing daily funding sheet and cash flow report \n• Agreement, Documentation and Deals confirmation \n• Limit monitoring