Zohaib Khalid

Experience

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  Broadway Travels

  Sept 2005 - Sept 2011

  Finance Manager
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  Bank Alfalah Limited

  Sept 2006 - Nov 2006

  Intern

  * Handling account opening and checking of all necessary documents. * Operating and handling of documents regarding Car Ijarah

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  Citi

  Sept 2007 - Oct 2007

  Intern

  * Develop understanding with banking culture/environment. * Create understanding about the different products and services of the bank; observe the behavior of the client to ensure customer satisfaction. * Respond promptly to diverse customer queries and solved general problems efficiently in order to ensure customer satisfaction

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  Habib Bank Limited

  Sept 2011 - May 2012

  Assistant Manager - Credit

  To assist Head of Department in making accurate credit decisions on all cases referred to the department which include; Home Finance, SME to ensure an appropriate customer base, minimizing risks to the bank, ensuring proper use of delegation authorities and providing quality service.DUTIES:-To assist head of department in monitoring cases and market trend to minimize risk and increase quality cases -To review and monitor the authenticity of the facilities and documentations proposed by branches/sales and effectively ensure that all financial and non-financial parameters are adhered to set standards.-To review and ensure that the credit analysts are accurately interpreting financial statements of companies, analyzing bank statements, field visit is completed and all required information is captured. -To review credit proposals ensuring all information required is laid down with ensuring minimal error-To ensure timely delivery of credit decisions to customers of all cases received at the department and to ensure delivery of quality service to internal departments; branches, sales, credit admin, and operations. -To provide guidance and act as on-line consultant to branches and direct sales force to structure/restructure the facilities and professionally communicate and follow-up to resolve pending or unresolved applications requiring clarifications and to incorporate corrective measures where possible -To comply with all credit policy parameters and capture any deviations approved as per proper authorities. Show less

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  Dubai Islamic Bank

  Jun 2012 - Mar 2015

  Credit Analyst - Risk Management

  As Credit Analyst, Initiate by analyzing cases based on borrower’s character and integrity, capability of repayment , business, economic and personal conditions, Capital input and collateral available with the underlying objective of minimizing risk to the organization.DUTIES: -To evaluate and assess the overall risk factor and eligibility of company and corporate clients, while examining the bank statements, audited financials (Balance Sheet, Income Statement, cash flow statement, operating activities), ratio & SWOT analyses.-To analyze and process cases based on overall consideration of customer's profile, employment status and industry, financial position, existing liabilities, aggregate exposure, capability of repayment and credit history, relationship with DIB (internally with other departments e.g. status of other availed facilities from corporate and relationship manager's recommendations) and other banks.-To check the income statement, tax return, and Credit Bureau Report for resident and non-resident customers in order to know their leveraged percentage. -To formulate thorough research on the financial history of businesses and individuals to determine their credit worthiness. -Prepare Credit Proposal for review by senior management that are used in making lending decisions on new, renewal and extension loans.-To ensure deviation approvals from product and credit parameters are done as per the delegation authority matrix.-To assist in monitoring risk and market trends, suggest amendment in policies where required to minimize risk & increase quality as well as to identify anomalies in credit policy.ACHIEVEMENT:-Shield of Honor awarded by Head of Credit (DIB) in Aug’14 Show less

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  Noor Bank

  Mar 2015 - Mar 2020

  •Experience in the field of Anti-Money Laundering, Conducting EDD & related investigations.•View and conduct Enhanced Due Diligence on the EKYCs/Profiles of HRB and HRN accounts referred to compliance, in accordance with the rules and regulations advised by CBUAE and Bank’s AML/KYC Policy.•Perform Quality Checks for the alerts processed as per the Global Sanctions Policies & Procedures and to check if the decision is appropriate with the internal controls and Global AML Standards.•Conducting risk assessments such as analyzing Financial Statements, checking ownership and identifying UBO’s (Ultimate Beneficiary Owners) , analyzing directors, identifying origin and source of funds/wealth Etc. in order to verify the clients.•Strong research background and ability to understand the implications of financial sanctions on individuals/blocked person- s/Specially designated nationals (SDN- s) and risks of dealing with them•Ability to understand the risks of dealing with politically exposed persons (PEP- s) and regulatory expectations around dealing with PEP- s. Show less I was associated with Credit & Financial Risk Analysis, In Noor I have been allied with Risk Management team to look after Credit & Financial Analysis for corporate and large companies, also I have worked in Compliance department to look after Client onboarding and Compliance risk frame work.Assistant Manager - Credit Analyst: While working in Noor bank I have been associated with Credit department, my core responsibility is to look after credit and financial analysis for all (New and Existing customer, SME, large companies and corporate) and ultimately objective is to achieve origination goals. •Detailed credit analysis for new and existing clients.•In-depth analysis of financial statements – Balance Sheet, P&L Accounts and cash flow statement of companies to determine the degree of risk involved.•Review and approval of credit proposals as per delegation of authority. •Escalation of deviations, in order to review by higher management for decision making.•Conducting AML and CB (Central Bank) checks, reviewing AECB report, checking internal and external data base and conducting background research (adverse media and using different tools provided by UAE Central Bank and Local regulatory authorities).•Maintaining and building healthy relationship with all key stake holders and among cross departments.•Analyze policies procedures and a guideline in a way that maximize productivity but protects the level of risk desired.•Use reverent information and individual judgment to determine whether events or processes comply with laws regulations and standards. Develop new and improvised spreadsheets that aid in a more robust and faster financial analysis.•Analyze the financial statements to identify any trends/risks/gaps and highlight the same to policy unit and propose mitigating / corrective action plan. Show less

  • Compliance Analyst

    Mar 2015 - Mar 2020

  • Assistant Manager - Credit Risk & Financial Risk Analyst

    Mar 2015 - Mar 2019
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  First Abu Dhabi Bank (FAB)

  Sept 2020 - Aug 2021

  Compliance Approver | Group Financial Crime Compliance, CIBG - Corporate & Invest Bnkg Group

  Compliance Approver | Group Financial Crime Compliance CIBG - Corporate and Investment Banking Group | FAB – First Abu Dhabi BankKey responsibilities: Assisting Vice President & MLRO and act as the second line of defense include performance of reviews for High risk rated clients. Deliver an effective AML/CDD review program across the Group for Retail, Commercial, Corporate and Institutional clients. Ensure alignment with Group CDD standards in order to identify the underlying AML/FCC risks including PEP, Sanctions and Adverse media exposure.Develop the framework of CDD area which includes drafting the policies, procedures and system in order to complete the CDD/EDD process and creating awareness regarding the Compliance Function.• Enhance governance and assist businesses, FLOD (First Line of Defense), Risk and Control and International locations develop their framework.• Stay abreast of related laws, rules, regulations and best practices pertaining to the RC & FCC (Regulatory Compliance and Financial Crime Compliance).• Provide adequate support to stakeholders on regulation and policies interpretation.• Review and respond to queries involving very high-risk parameters for Personal, CIBG (Corporate and InvestmentBanking Group) & FI’s (Financial Institutions).• Reporting suspicious matters to Central Bank, and responding CB queries.• Provide Compliance Advisory (AML, Regulatory and Sanction prospective) to business support functions,international branches, and subsidiaries.• Develop and deliver focused training to FLOD (First line of defense) and business on performing CDD/EDD.• Identify Compliance related issues within the business and ensure material risk are reported on monthly basis toappropriate Committee forum.• Provide expertise and support to Monitoring and Assurance team to enable them to conduct effective review andtest for the CDD/EDD.• Prepare dashboard and ensure reporting is performed in timely and accurate manner. Show less

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  YAP

  Aug 2021 - Mar 2022

  Compliance Specialist - DIFC

  •Client onboarding (Conducting Enhanced Due Diligence, performing various screenings and analysis “World Check, Google Screening, Adverse Media, Sanction screening, Dedupe/Blacklist/CB screening).•Performing AML and KYC analysis on complex structure entities specially based in High Risk Jurisdictions.•Identifying PEP and UBO and establishing source of funds, •Preparing final and comprehensive reports for each case.Additionally:•Develop, implement, and execute the Compliance Policy and Regulatory Risk Framework (for Asia, Africa and Middle East region).•Constantly reviewing and revising Compliance policies, including corporate governance and anti-money laundering.•Review, approve and escalate AML/KYC concerns to higher management.•Monitor all regulatory risks and potential compliance issues across the Middle East business.•Operate as key point of contact for all cross departments related to Compliance concers and regulatory matters.•Work with senior management and colleagues to embed a compliance culture throughout organization.•Responsible for any relevant requirements of the business with respect to AML.•Providing training program to all staff related to AML, Sanctions, Regulatory Compliance, Policy and Procedures. Show less

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  Commercial Bank of Dubai

  Mar 2022 - Nov 2022

  Risk Governance, Corporate Banking

  Risk Governance, Corporate Banking

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  Freedom Asset Management Limited

  Nov 2022 - Jun 2024

  MLRO & Compliance Manager, approved and authorised by FSRA/ADGM MLRO and Compliance Manager - approved and authorised by FSRA/ADGM

  • Compliance Manager & MLRO

    Dec 2023 - Jun 2024

  • Compliance Officer & MLRO

    Nov 2022 - Jan 2024
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  10 Leaves

  Jun 2024 - now

  Compliance Officer & MLRO / GRC Consultant