Head Of AML & CFT unit
INVESTBANK
مجموع سنوات الخبرة :13 years, 9 أشهر
Anti Money Laundering, AML & compliance Department, with the following
functions:
✓ Establish new policies and procedures or amend existing ones to keep current and in line
with new regulatory developments & Group Directions.
✓ Ensuring full compliance with AML/CFT policies and Procedures & Sanctions Policy, all local
laws & regulations and best practices.
✓ Evaluating indicators of suspicious transactions.
✓ Evaluating the compatibility of suspicious transactions with its justifications.
✓ Granting consents regarding opening accounts for high risk customers.
✓ Monitoring account-holder’s financial transactions.
✓ Monitoring financial transactions for new accounts to assure its consistency with the
information provided.
✓ Monitoring incoming and outgoing transfers for account-holders in accordance to risk based
approach.
✓ Conducting financial analyses on customers’ accounts and transactions.
✓ Granting consents for financial transactions that exceeds the thresholds specified in internal
and central bank’s policies and procedures.
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✓ Web search through official local and international websites related to Anti money
laundering.
✓ Preparing suspicious activity reports.
✓ Preparing studies about International sanctions (UN, OFAC, EU) and set up a data base of
public and private licenses for States on the sanctions lists.
✓ Amend existing policies and procedures to keep it in line with new regulatory developments & Group
Directions
✓ Ensuring full compliance with AML/CFT related policies and Procedures including Group Sanctions
Policy, NPO Policy & PEP Policy, all local laws & regulations and best practices.
✓ Ensuring acknowledgement receipts of the Bank’ AML/CFT Policy kept up to date and properly
maintained.
✓ Managing AML team and AML day-to-day activities including:
• Utilize efficient IT system to scan customers’ names against sanctions lists & monitor accounts
activities.
• Due diligence reviews & KYC Checks.
• Regular screening & transaction monitoring i.e. inward/outward transfers. Trade Finance activity
including LCs &/or Collections.
• Ensuring AML reports (automated & manual) and related log are up-to-date.
• Undertaking initial assessment of suspicious activity reports and escalate to Head of compliance
when required.
• Ensuring files and critical documents are properly maintained and followed up.
• Advising and guiding the business and support functions with respect to client due diligence
queries, sanctions, AML/CFT matters, internal policies and local laws.
• Co-ordinate with Head of compliance on AML-related issues and matters, such as internal reviews,
monitoring and testing of AML-related controls, establishing additional indicators to ensure
effectiveness of the AML Software System and follow-up on the implementation until its done.
• Develop and conduct internal training sessions regarding all AML/CFT related topics.
• Review and update policies and procedures for the general operation of the AML/CFT Program.
• Organize workflow to meet deadlines.
✓ Daily contact with the Head of Compliance for work processing and any related compliance
issues.
✓ Daily contact with associate team, Business and Support Functions at all levels for work
coordination and transactions monitoring and to follow up on outstanding related matters.
✓ Daily contact with vender, IT and branch support department to prepare and test new
business rules for the new project with AMLU (GoAML system), and help the IT department
in data mapping and data extraction for the new system
✓ Establish new policies and procedures or amend existing ones to keep current and in line
with new regulatory developments & Group Directions.
✓ Ensuring full compliance with AML/CFT policies and Procedures & Sanctions Policy, all local
laws & regulations and best practices.
✓ Evaluating indicators of suspicious transactions.
✓ Evaluating the compatibility of suspicious transactions with its justifications.
✓ Granting consents regarding opening accounts for high risk customers.
✓ Monitoring account-holder’s financial transactions.
✓ Monitoring financial transactions for new accounts to assure its consistency with the
information provided.
✓ Monitoring incoming and outgoing transfers for account-holders in accordance to risk based
approach.
✓ Conducting financial analyses on customers’ accounts and transactions.
✓ Granting consents for financial transactions that exceeds the thresholds specified in internal
and central bank’s policies and procedures.
3
✓ Web search through official local and international websites related to Anti money
laundering.
✓ Preparing suspicious activity reports.
✓ Preparing studies about International sanctions (UN, OFAC, EU) and set up a data base of
public and private licenses for States on the sanctions lists
& compliance Department, with
the following functions:
✓ Ensure compliance with the Anti-Money Laundering and the Financing of Terrorism policies
and procedures issued by the Western Union Company.
✓ Review and monitor the western union money orders issued and / or received executed
through bank's branches and sub-agents.
✓ Evaluating indicators of suspicious transactions.
✓ Evaluating the compatibility of suspicious transactions with its justifications.
✓ Granting consents regarding (large Principle Money Transfers) for W.U transactions.
✓ Granting consents regarding opening accounts for high-risk customers.
✓ Monitoring account-holder’s financial transactions.
✓ Monitoring financial transactions for new accounts to assure its consistency with the
information provided.
✓ Monitoring incoming and outgoing transfers for account-holders in accordance to risk based
approach.
✓ Conducting financial analyses on customers’ accounts and transactions.
✓ Web search through official local and international websites related to Anti money
laundering.
✓ Preparing suspicious activity reports.
, with the following functions:
✓ provide services relating to account-holder regarding opening new accounts and closing or
opening additional accounts, modify existing accounts, transfer between accounts
✓ Loans and credit cards granting.
✓ Follow-up of outstanding loans.
✓ Cheques collections.
✓ Suspended cheques requests.
✓ Updating customer’s information.
with the following functions:
✓ Preparing aging reports by weekly & Monthly bases.
✓ Negotiating Terms with Customers & Where Appropriate Submitting Proposals to the Credit
Department for Approval.
✓ Following up all transaction and reconciliations with Customers
✓ Calculate monthly discounts
courses: CCM (Certified Compliance Manager), Global Compliance Institute (GCI) • CFC (Certified in Financial Crimes - Economic Crime and Fraud Prevention), GAFM Global Academy of Finance and Management • CAMS (Certified Anti-Money Laundering Specialists), Association of Certified Anti