Monitoring regulatory compliance in day to day affairs

Compliance Consulting and Advisory

• Provide regular reports to the lines of business on complex issues that present potential AML risk and recommend solutions to mitigate those risks.• Provide support, direction, and guidance to the MLRO in the international affiliates to implement the relevant AML compliance program internationally.• Review industry changes and reporting for significant anti-money laundering laws, guidelines, and rules, and collaborate on the development or updating of the AML compliance program as… Show more • Provide regular reports to the lines of business on complex issues that present potential AML risk and recommend solutions to mitigate those risks.• Provide support, direction, and guidance to the MLRO in the international affiliates to implement the relevant AML compliance program internationally.• Review industry changes and reporting for significant anti-money laundering laws, guidelines, and rules, and collaborate on the development or updating of the AML compliance program as appropriate.• Provide real time departmental updates on changes in Politically Exposed Persons (PEP) lists and potential suspicious activity for the international colleagues in coordinating the appropriate response to reduce firm risk.• Participate in leadership meetings globally in an effort to ensure that any and all AML policies and procedures are up to date and accurate.• Contribute to the team compiles compliance reporting for the executive leadership, board of directors, and relevant management stakeholders.• Collaborate with other line leaders to develop and provide comprehensive AML training for employees.• Developed streamlined processes by synthesizing findings, reporting, and scalable escalation structure to management, assuring effective assessment of viability and risk.• Assessed, and advised on materiality of findings using best practices in regulatory framework.• Provided monthly reports to leadership on findings, and matters requiring escalation. • Apprised senior management of regulatory rulings, enforcement actions, penalties, potential risks, and recommended course of action on high risk accounts.• Assured timely follow through for missing or outstanding documents whenever necessary.• Maintained the highest degree of professional standards and strict confidentiality.• Attended and presented at professional development and networking events in an effort identify, develop, and secure new business opportunities. Show less

• Formulation and implementation of an effective risk management frame work in coordination with the management.• Evaluation of Operational Risk, Market Risk, Counter Party Risk and Compliance Risk, Reputational risk, Security Risk & Money Laundering /Terrorist Financing Risk.• Maintain a risk management policy duly approved by the management and review it time to time.• Maintain a risk register based on the identified applicable laws and regulations, fraud schemes, and AML… Show more • Formulation and implementation of an effective risk management frame work in coordination with the management.• Evaluation of Operational Risk, Market Risk, Counter Party Risk and Compliance Risk, Reputational risk, Security Risk & Money Laundering /Terrorist Financing Risk.• Maintain a risk management policy duly approved by the management and review it time to time.• Maintain a risk register based on the identified applicable laws and regulations, fraud schemes, and AML considerations.• Based on review of procedures and walkthroughs, maintain internal controls and map them to key risk areas.• Performing a risk evaluation: Evaluating the company’s previous handling of risks and comparing potential risks with criteria set out by the company such as costs and legal requirements.•Risk reporting tailored to the relevant audience. (Keep apprising to the board of directors about the most significant risks to the business; ensuring business heads understand the risks that might affect their departments; ensuring individuals understand their own accountability for individual risks).•Track the progress of remediation of control weaknesses identified by Internal Audit, self-testing, or controls assessment.•Identify emerging risks that present new regulatory, fraud, or money laundering risks. These include risks associated with new products and services, customer types, geographies, and channels.•Coordinate the collection of risk information from source systems, departments, and reporting. Analyze the data and apply to various key risk areas to update the risk profile.• Building risk awareness amongst staff by providing support and training within the company• Maintain check list of daily risk affairs.• Identification and Monitoring/inspection of Cash department, Remittance Department, Operations Department, Compliance department, Audit Department & HR Department for Risk.• Escalating key issues in compliance committee. Show less

- Developing the annual compliance work plan that reflects the organization's unique characteristics.- Periodically revising the compliance plan in light of changes.- Guiding in a productive, professional way, the compliance teams.- Overseeing and monitoring the implementation of the compliance program.- Providing guidance, advice, and/or training and educational programs, to improve business' understanding of related laws and regulatory requirements.- Providing strategic… Show more - Developing the annual compliance work plan that reflects the organization's unique characteristics.- Periodically revising the compliance plan in light of changes.- Guiding in a productive, professional way, the compliance teams.- Overseeing and monitoring the implementation of the compliance program.- Providing guidance, advice, and/or training and educational programs, to improve business' understanding of related laws and regulatory requirements.- Providing strategic direction to the management team on compliance.- Preparing and presenting clear and concise compliance reports to the Board.- Interacting with regulators on compliance issues.- Coordinating efforts related to audits, reviews, and examinations.- Developing policies and programs that encourage managers and employees to report suspected fraud and other improprieties, without fear of retaliation.- Coordinating internal compliance review and monitoring activities, including periodic reviews of departments.- Independently investigating and acting on matters related to compliance.- Monitoring external review processes. Show less

• Receiving communication from Regulatory authorities and ensuring compliance with directives.• Mapping of regulatory directives in policies, procedures and manuals.• Providing advisory and opinions to Corporate, Treasury and Retail business units pertaining to all areas. For Example New Product launch, Policy reviews, Contract reviews, Terms & Conditions of relationship documents, etc.• Preparation and implementation of a Risk Based Compliance Program in order to provide reasonable… Show more • Receiving communication from Regulatory authorities and ensuring compliance with directives.• Mapping of regulatory directives in policies, procedures and manuals.• Providing advisory and opinions to Corporate, Treasury and Retail business units pertaining to all areas. For Example New Product launch, Policy reviews, Contract reviews, Terms & Conditions of relationship documents, etc.• Preparation and implementation of a Risk Based Compliance Program in order to provide reasonable assurance and identify gaps which are communicated to the management for resolution. For Example Devised Risk Based Monitoring plans for General Operation etc. and effectively implemented them.• Preparation of Self-Assessment questionnaires for all branches and departments which are Low Risk.• Review of all business units and branches across the company based on an annual review plain order to check compliance with Regulatory requirements and provide assurance to the management on regulatory compliance.• Review all new & existing policies, products and processes from time to time in order to ensure that regulatory directives are completely mapped/incorporated in the internal processes.• Development of AML systems by preparing business requirement documents and performing tests based on BRD (Business Requirement Document) for effective implementation of solutions.• Review policies and procedures regularly and align them with Regulatory bodies’ directives.• Ensure Regulatory Reporting is done timely and accurately.• Maintain a repository of Central Bank UAE Circulars. • Conduct Reviews in order to ensure compliance with Regulatory requirements.• Making of Risk Review plan and ensuring that all departments are reviewed as per defined frequency in the review plan.• Pre and Post AML Transaction Monitoring guidance to the team.• Responding to AML inquires and conducting EDD for risky accounts.. Show less

• Managed vendor accounts, generating weekly on demand cheques. • Managed financial departments with responsibility for Budgets, Forecasting, Payroll, Accounts Payable and Receivable.• Created budgets and forecasts for the management group.• Ensured compliance with accounting deadlines.• Prepared company accounts and tax returns for audit.• Coordinated monthly payroll functions for 50+ employees. • Liaised with bankers, insurers and solicitors regarding financial… Show more • Managed vendor accounts, generating weekly on demand cheques. • Managed financial departments with responsibility for Budgets, Forecasting, Payroll, Accounts Payable and Receivable.• Created budgets and forecasts for the management group.• Ensured compliance with accounting deadlines.• Prepared company accounts and tax returns for audit.• Coordinated monthly payroll functions for 50+ employees. • Liaised with bankers, insurers and solicitors regarding financial transactions.• Reported on variances in quarterly costing reports. • Administered online banking functions. • Reduced credit period from 90 days to 60 days. • Handle a broad scope of internal processes encompassing the daily management of billings, collections, reconciliation, general ledger and month-end-closings with a main focus on accounts receivable functions. • Manage detail aging, commission, manual/computerized cash batch, and sales journal; executed and delegated data entry and order processing functions. • Solely responsible for Electronic Data Interface (EDI) operations. • Primary liaison between management staff, factoring company, suppliers, and customers. • Research, review and approve new and current customers for credit accounts. • Train and supervise staff members in areas of procedures, client relations and systems operations. • Address a complexity of issues requiring immediate attention and resolution.• Interface with customers and retail buyers to expedite orders. • Ensure system integrity of mainframes through proper operations and troubleshooting. Show less

• Finalization of accounts and Balance Sheet Preparation.• Bank Reconciliations.• Preparation of Trial balance.• Markup Calculations.• Fixed Assets Depreciation and Aging reviews.

ACCOUNTS:• Area of work to finalization of accounts, preparing of Payment & Receipt report.• Scheduling of Accounts for Auditing purposes.• Actively involved in filing of income tax return on quarterly & annual basis.RESEARCH & DEVELOPMENT:• Prepared Offer sheets for customers.• Analyzed and prepared market reports.• Performed New York cotton trend analysis.

SHARES DEPARTMENT:• Verification of transfer deeds, endorsement of shares, transfer of shares, exchange of shares, issuance of right shares and bonus shares including dividend etc. (in the capacity of share officer)• Arranging the matters regarding preparation of annual general meeting, Board meetings and half yearly meetings.• Purchase and sale of shares.BANKING DEPARTMENT:• Preparation of Company maintained Bank accounts Reconciliations including markup & foreign… Show more SHARES DEPARTMENT:• Verification of transfer deeds, endorsement of shares, transfer of shares, exchange of shares, issuance of right shares and bonus shares including dividend etc. (in the capacity of share officer)• Arranging the matters regarding preparation of annual general meeting, Board meetings and half yearly meetings.• Purchase and sale of shares.BANKING DEPARTMENT:• Preparation of Company maintained Bank accounts Reconciliations including markup & foreign accounts.COSTING DEPARTMENT:• Contribution analysis, Stock valuation, Production Management, and MIS (Management Information System) reports regarding the costing department.• Preparation of aging report.• Preparation of fresh fabric report.• Preparation of production report regarding the production of bleaching, dyeing, finishing and printing report.• Wastage reports regarding the process wastage and stitching wastage of cloth.• Ware house analysis regarding the dispatch of made ups and printed cloth.• Analysis of quota implementation regarding exports of made-up and printed cloth Show less