Shaikh Abdullah (CAMS)

Experience

• 

  NIB Bank

  Oct 2007 - Oct 2010

  This position is to curb fraudulent activities and to safe guard the bank from possible financial exposure responsible to conduct thorough investigations against the cases being referred from different channels.Key Responsibilities: • Investigation on suspected Cases (Asset/Liability/Commercial)• Investigation on cases referred from other channels (Legal /Compliance / HR/ Service Delivery/Others).• During the course of investigations coordination with other different cross functional units.• Coordination with law enforcement agencies where applicable• Meeting with customers regarding complaint / queries.• Retrieval of records and fact finding required for Investigation.• Performs external visits to customer / banks / companies for investigation & verification purpose. Show less A responsibility to develop a control processes in order to minimize fraud losses and maintain portfolio quality as per the prescribed policies and procedures. Key Responsibilities: • Save the Business from fraud risk and exposure to losses specified against application fraud.• Perform Vigilance function with database maintenance.• Maintaining correspondence filling & other documents.• Perform analysis on Vigilance Fraud Application data. • To update fraudulent application case in database with preparation of all relevant documents. • Fraud awareness training Internal / External audience. • Investigation on suspected Vigilance case (Secured or Unsecured Product). • Preparation of Vigilance & Investigation files note / memo. • Retrieval of applications for all products. • Branch Reviews : Operations, Sales, & Liabilities ( Fraud Aspects ) Show less

  • Investigation Officer-Fraud Management Group

    Oct 2007 - Oct 2010

  • Supervisor - Vigilance -Fraud Management Group

    Oct 2007 - Oct 2010
• 

  Burj Bank Limited

  Jan 2012 - Oct 2014

  Review of New to Bank Accounts to identify and highlight discrepancies of Business Unit • Monitoring of customer accounts activity, transactions review and investigation of Out-of-Pattern transactions etc through online AML monitoring system. • Based on monitoring, reporting of Suspicious Transactions (STR’s) to Financial Monitoring Unit (FMU). • Associated in Identification & Development of Area / Product / User based profiles and identification of ML risk associated with Customers, Products, Channels and Geographical Locations. • Dealing with Law Enforcement Agencies (LEAs), like SBP, ANF, NAB, FBR & Custom etc,preparing responses to each and every inquiry conducted. • Investigation on special cases with Fraud and Risk Management Unit. • To identify Compliance related training needs and thus assessing, designing, coordinating and disseminating area specific training material to relevant departments and personnel Show less Vigilance : Asset and Liabilities• Manage selection of branches for surprise visits / reviews during each quarter under intimation to FRMU head.(Countrywide)• Submit a plan of monthly branch reviews countrywide to Head of FRMU• Coordinatewith the Investigation team on suspected cases during review.• Provide assistances to Investigations team on cases referred from other channels (Legal / Compliance / HR / Service Delivery/Business / Operations).• Discussion on Fraud case with channel such as Business / Branch Operation• Meeting with customer (if required) regarding complaint / queries related to Fraud incidence • Prepare and analyze branch portfolio before the surprise visit to the concern branch (South) is initiated.• Preparing all fraud reviews report writing & presentation for bank Management• Retrieve of account opening forms from Centralized Operations based upon sample size for branch reviews• Performs external visits to branches for review purpose in south• As part of cross function the incumbent will visit other regions for Branch reviews if required• Perform external visits to residence and business on suspected Accounts during branch• Prepare report of Branch Review and forward to Head of FRMU• Provide assistance to FRMU Staff in finalizing the Branch Review Report countrywide.• Coordinate with branches on follow ups related to discrepancies highlighted during branch review.• Coordinate with the AML Unit regarding query on particular liability account on confirm fraud.• Maintain MIS related to Branch Review related issues.• Ensure strict compliance of procedures and policies.• Perform any other task/responsibility assigned by supervisor. Show less

  • AML/ KYC Analyst - Compliance & Controls

    May 2013 - Oct 2014

  • Assistant Manager-Fraud Risk Management Unit

    Jan 2012 - May 2013
• 

  Summit Bank Limited

  Oct 2014 - Apr 2015

  AML Analyst-Compliance Division
• 

  United Bank Limited

  May 2015 - Feb 2017

  Manager Controls & Compliance -Regulatory Compliance & Controls Division Compliance & Controls Group• Liaising with regulatory bodies-State Bank of Pakistan, and internal departments for collecting their contribution to the problem/service issue or business requirements and eliminates problems using technology or process reengineering that affects productivity;• Participate in identifying, developing & reviewing targeted areas and system reports. Take ownership and supervise the whole assignment till completion. Arrange to perform actions on State Bank of Pakistan Circulars related to specific area.• Review of Bank Products & Services (Policies, Procedures, Manuals, Product Papers, SOP’s, and Product Programs).• Provide guidance and advisory to the Head office and Branches regarding Compliance matters.• Liaison of Institutional Risk Assessment Framework (IRAF).• Provide assistance to Unit Head and Divisional Head-Regulatory. • Arrange responses for regulators within the timeline given by State Bank Pakistan. Show less •Monitor alerts generated in HotScan on incoming and outgoing SWIFT messages for possible name matching with negative individuals / entities.•Provide necessary support/guidance to KYC Officer enabling them to obtain feedback from branches / respective offices on AML queries received from Central Bank, Financial Monitoring Unit (FMU), Law Enforcement Agencies (LEAs) & Correspondent Banks for onward submission within the stipulated time. Also ensure that complete MIS of current status of queries is maintained.•Provide AML clearance of opening of accounts of NGOs / NPOs & Charities after checking the names of entity and its nominees from WORLD-CHECK database. In case of possible name match, make further inquiries with the branches / respective offices to ascertain whether or not the alerted match is a false positive. In case of exact match, report the same to Senior Manager KYC for further action•To ensure that CTRs data is extracted from Core Banking System and queries are generated with respective branches for necessary feedback. Assist KYC Officer to ensure that reporting to FMU is done on timely basis.•To ensure Compliance of SBP directives regarding UN Sanctions / Government instructions on freezing of accounts of negative individuals / entities, coordinate with the regions for necessary feedback, submission of consolidated compliance status to regulator on timely basis. Updation of negative list on UBL intranet and HOTSCAN on timely basis.•Review/Monitor alerts generated on BFA application on screening of newly opened accounts for possible name matching with negative individuals/ entities. Also review alerts closed by KYC Officer on sample basis from quality perspective, in case of exact match report the same to Senior Manager KYC for further necessary action•Review KYCs of newly opened accounts from quality perspective and provide guidance to branches for necessary rectification.•Work on assignments / tasks given by Divisional Head AML / CDD. Show less

  • Manager - Controls & Compliance

    May 2016 - Feb 2017

  • Compliance Manager - Name Screening Unit AML / CDD

    May 2015 - May 2016
• 

  Habib Bank Limited

  Feb 2017 - Nov 2018

  Team Leader-Audit

  • Anti-Money Laundering (AML) , Centralized Remittance Department , Treasury , Business Continiuty Planning , Marketing & Brand Management and other Special Assignments • Develop understanding of business processes and operation flow of functions and assess processes as per predefined manuals and policies of the bank as well as Regulatory requirements;• Evaluate effectiveness and efficiency and identifying deficiencies in various business and support processes, communicate recommendations to achieve the required objectives;• Lead assignments and assure audit objectives are achieved and it is conducted as per company standards and as per best practices of the International Professional Practices Framework;• Discuss audit findings and recommendations with Department heads (when appropriate) and assisting the management in rectifying the issues highlighted during the audit by developing internal control system and implementation thereof; and• Prepare deliverables including internal audit report and presentations etc. Show less

• 

  United Bank Limited

  Nov 2018 - Mar 2021

  Manager AML-Sanctions
• 

  HBL - Habib Bank Limited

  Mar 2021 - now

  Providing seamless operational support to international branches in meeting the Groups’ overall strategy in consultation with Senior Management and International Compliance teams to bring in operational efficiency, improved controls & strengthening overseas Financial Crime & Compliance functions.

  • Senior Manger II - Center of Excellence -International Compliance - Global Compliance & Conduct

    Mar 2023 - now

  • Senior Manager - Financial Crime Compliance (FCC) Risk & Governance

    Mar 2021 - Aug 2023