Ajmal Ahmed

Experience

• 

  INGVysya Insurance

  Aug 2004 - Sept 2007

  Business Development Executive

  • Manage, recruit and train executive sales team and administrative staff.• Promote insurance products and services generated leads and initiated sales.• Establish and improve client communications, maintain ongoing relationships.• Address customer enquiries to interpret and deliver information purpose suggestions, provide guidance identify investigate and negotiate conflicts/settlements

• 

  SAB

  Feb 2008 - now

  Payments & Investigation responsibilitiesInvestigating inward and outward payment inquiries raised by correspondent banks and beneficiary banks and coordinating with corporate clients in resolving payment delays and disputes. Investigate and verify branch inquiries related to transfers.Contacting external banks through swift correspondence messages; following up with external banks for details, confirmation, and recall of funds; verifying correspondence and payment adjustments as per currency cut-off times.Identifies critical issues and ensure they are addressed in a timely manner. Handles issues and problems escalated by team or other managers. Escalates and reports issues to management as appropriate.Ensure all the payments transfer are posted timely and accurately. Trains, educators and guides the professional development of new and existing staff.Treasury-FX, loans and deposits -Task. Quote foreign currency buying and selling rates to clients.Ensure that the trading desk is complete, on time and maintained while making sure that market and execution risk is dealt with according to policies.Collect and prepare all necessary documentation from client and relationship manager for processing new and roll over of existing loans.Placing deposits Murabaha & conventional term deposits by coordinating with treasury and clients. Account Opening & KYC Compliance-Task Performed overall compliance risk review of customer CDD files for a variety of high-risk businesses, products, and new to bank accounts.Reviewed KYC profiles and legal documents to ensure compliance with client and bank KYC policies, maintaining data accuracy and consistency.Prepared recommendations for the relationship manager on KYC screening for new clients by documenting and verifying client information using various independent research sources as per KYC proceduresManaged corporate client profile updates and resolved pending requirements to ensure seamless daily banking operations. Show less Saudi Awwal Bank - SAB – (Saudi Arabia)Multinationals Corporate Department – Since Feb16 – Feb 2020 Senior Support Officer.• Supporting RM team in preparation of credit proposals and collaborating closely with the managers prior to presenting credit proposal to credit committee.• Monitoring the client accounts to avoid past dues of loans, guarantees & LC expiry and overdrawn of accounts and drawdown of loans.• Follow up with client on ISD & DSD to reinstate the drop limits. Provide special FX rates to clients for their payments / transfers local & international. • Maintain update record of facilities proposed to clients and follow up with client to complete pending documentation.• Prepare MI report for client who has facilities to determine their available exposure for their upcoming projects.• Review credit proposal and prepare loan applications according to credit comments and procedures. Show less Saudi Awwal Bank-SAB – (Saudi Arabia)Institutional Banking Department – Senior Banking Support Representative - Feb 08 – Jan16• • Support the senior management in preparing the Countries and Banks review to avail facilities.• Credit analysis in processing of Letters of Credit Confirmations, Bills discounting and Bank guarantees.• Maintain and monitor Banks & Country limits as per the approval from Credit Department.• Responsible for opening Bank Accounts Vostro and Nostro and maintaining relevant Database on all international banks. • Establishing RMA arrangements with international banks, corporate and financial institutions.• Maintain Official SWIFT broadcast correspondence with all international bank counterparties.• Interact with correspondent banks and address all inquiries raised by Correspondent Banks and SABB internal departments.• Monitors the performance of the Compliance Program and relates activities on a continuing basis and takes steps not to deal with the sanction’s countries, banks & financial institutions.• Performed due diligence / KYC on all international banks. Accordingly, with local and international requirements. • Evaluate clients AML/KYC risk, including the identification of key issues and related mitigants, conducting independent research, verifying appropriate risk profile, and making independent risk assessment recommendations; consult with various groups like legal, compliance, credit, and operations as needed to ensure a robust risk analysis and assessment. Show less

  • Corporate Support officer - Saudi Awwal Bank - SAB - Saudi Arabia

    Mar 2020 - now

  • Senior Corporate Support Representative - Saudi Awwal Bank - SAB - Saudi Arabia

    Feb 2016 - Feb 2020

  • Senior Corporate support Representative - Saudi Awwal Bank - SAB - Saudi Arabia

    Feb 2008 - Jan 2016