Shoaib Nazar

Experience

• 

  The Bank of Punjab

  Oct 2011 - now

  • Review alerts generated by the AML monitoring system (NORKOM) to identify accounts that appear to have unusual and/or suspicious activity patterns• Perform simple to moderately complex investigations using data from Bank's systems and other internal and external sources, to determine a thorough transaction analysis and customer information if account transactions patterns are indicative of suspicious activities• Reviewing existing policies and product programs ensuring that all policies are in line with prudential regulation, SBP directives & International Best Practices.• Conducting on-site and off-site inspections to ensure the relevant polices & regulations are being adhered to in letter & spirit• Conceptualize, create & implement complex activity/behavior models & tools to detect potentially risky behavior for ML & TF as well as data analysis.• Review reported transactions & make determinations of customer's account. Depending on account activity, a complete investigation of the customer's transactions as well as the use of information searches may be warranted.• Assist management in implementing adequate controls & processes to provide early identification & prevention of potential compliance issues• Identifying the core financial processes and controls that correspond to key risks identified• Planning the scope and expected timing of the assessment of these key controls over the multi-year planning horizon• Reviewing and evaluating accounting systems to determine the adequacy of controls• Analyzing data obtained for evidence of deficiencies in controls, duplication of effort, extravagance, fraud or lack of compliance with laws, government regulations and management policies or procedures;• Devise and maintain internal controls sufficient to provide reasonable assurance.• Risk assessment at branch level• Allocating work among team member• Reviewing work performed by team members• Preparing report for review Show less • Supervision & scrutiny of all kinds of accounts opened at Centralized Unit.• Ensure that All Accounts are opened in accordance with SBP regulations, Bank internal policies & Standard Operating Procedures.• To safeguard the Bank from potential loss by ensuring that instructions given in the Operations Manual and procedural controls are maintained. Also by conducting checks, directly and communication audit issues to staff and liaising with other departments to resolve objectionable issues.• Work with cross-functional teams (Regional, Branches, Customer Service, and Retail banking group) to ensure all operational policies are delivered and implemented for every campaign.• Ensure that Accounts opening TAT (Turnaround Time- End to End process) are maintained.Unit Management• Work with the Unit Manager take the lead on key elements of banking account opening policies both offline & online ensuring robust planning, timely delivery and full evaluation of each activity.• Plan, deliver and evaluate the new products campaign to support seasonal & ad hoc projects.• Enforce compliance procedures & post analysis to ensure timely planning and smooth execution of each activity.Team Guidance• Instrumental in coaching & leading junior members & work experience placements in the unit team.• Work closely with the operational and compliance team to ensure that there are no gaps or overlaps, and the operational and compliance function works seamlessly to support the delivery of bank communication objectives. Show less

  • Relationship Manager

    May 2017 - now

  • Team Leader

    Oct 2011 - May 2017

  • Team Leader

    Oct 2011 - May 2017