Yishak Seid

Experience

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  Veras Wonderland

  Jan 2005 - Oct 2005

  Assistant Accountant

  Under the Direction of Manager Admin and Finance, manage all financial transactions within the company with efficiency and in accordance with the company’s accounting Policies and GAAP procedures; manage that all financial transactions are fully supported, coded, analyzed and that they are all captured/Posted in Peachtree (Accounting software) Accounts on a daily basis; ensure that all government legislation in relation to financial payments (staff and non-staff) is adhered to; ensuring that reconciliation of balance sheet/control accounts are carried out on monthly basis; preparing payroll and performing the payment. Show less

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  Dashen Bank S.C

  Oct 2005 - Dec 2013

  Under broad direction of the Control Department plans, organizes, directs, coordinated, controls, examines and checks financial records and other source documents of the branch operations for compliance with established policies, procedures, approved work programs, budgets, undertakes audits that requires intensive analysis, and special investigations and other pertinent norms, conducts investigations in to alleged default, misuse of assets and funds, frauds or embezzlement, prepares and reports audit findings. Show less Under supervision of Branch Manager and or A/Branch Manager, Provide current and saving accounts, credit, local transfer and other related service; Prepare source documents and file tickets of the daily movement; Keep custody of saving and current booklets, mandate files standing instruction; Record the daily transactions in the computer; Follow up the monthly statement of current account and delivered to customer on time; Update and inform customer balances reconcile and arrange cleared and non-cleared effect accounts; Check and verify different negotiable instruments like checks, CPO (certified payment order), demand draft and bank guarantees; Check loan application and other related documents and ensures that the request of customer are properly presented and Follow up transactions on inactive accounts. Show less

  • Auditor

    Nov 2009 - Dec 2013

  • Personal Banker

    Oct 2005 - Nov 2009
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  Addis International Bank S.C

  Nov 2018 - Dec 2019

  Under the direction of the Manager, Risk and Compliance Management Services participates in Planning, Directing and supervising the risk management and compliance activities of the bank, ensure risk management and compliance activities are undertaken as per the relevant directives of the bank and National Bank of Ethiopia. Monitors that day to day risk management and compliance activities are handled by branches and other organs of the bank as per their assigned responsibilities; Identifies any external risks and ensuring that effective measuring is taken to avoid or mitigate the risks; Identifies and put in place measures for dealing with risks in one area which shall have impact on other parts of the bank; Reviews new business initiatives are subject to comprehensive risk and compliance assessment before they are put into implementation; Collates the aggregate risk position of the bank from various line functions and focuses on high risk areas for corrective action by responsible risk owners; Initiates, recommends and instruct branches to closely follow up the proper implementation of anti money laundering and customer due diligence directives, policies and procedures; Follow up timely submission of weekly cash transaction and suspicious transaction report and submits them to financial intelligence center; Ensures proper implementation of proclamations and directives on risk management and compliance activities; Communicates with financial intelligence center and external auditor of the bank concerning compliance issues; Arrange and conducts training on anti money laundering and know your customer principles; Participates in periodic loan file review; and Perform related functions as required. Show less under the administrative supervision of the board of directors and the president, plans, directs, organizes, coordinates, and supervise risk monitoring activities of the bank, identifies current and emerging risks , develops risk assessment and measurement systems, establishes policies practices and control mechanisms to manage risks, develops risk tolerance limits for senior management and board approval, monitors positions a gains approved risk tolerance limits, and reports results of risk monitoring to senior management and the board. Show less

  • Senior Risk and Compliance Officer

    Dec 2013 - Dec 2019

  • Acting Manager, Risk and Compliance Management Department

    Nov 2018 - May 2019
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  Addis International Bank S.

  Dec 2019 - now

  Manager, Compliance Management Division

  •Plans, directs, organizes, coordinates, and supervise Compliance risk monitoring activities of the bank,•Develop, administer, and maintain a robust AML compliance program in accordance with applicable laws and regulations.• Establish and implement internal controls to ensure ongoing compliance with AML requirements.• Conduct annual independent testing of the AML Program, including compliance with applicable laws.•Provide comprehensive and ongoing training on AML compliance to all company personnel.•Coordinate and facilitate annual audits of the compliance program, •Maintain records of AML and Know Your Customer (KYC) services provided, •Verify the identity of prospective customers and beneficial owners in accordance with company policies.•Manage the team for monitoring transactions for signs of fraud, errors, and other AML risks, promptly reporting any suspicious activities to the relevant authorities.•Ensure compliance with regulations and conduct regular screenings of customers against relevant sanctions lists.•Develop, implement, and maintain written policies and procedures to detect and respond to identity theft and fraud.•Investigate and report of unusual activities that may indicate potential money laundering or criminal activity.•Implement and maintain a Compliance Management System, subject to annual review and approval by the bank.•Conduct annual AML risk assessments of each program and provide necessary reporting.•Provide monthly compliance monitoring reports and ensure timely submission of all required reports.•Maintain and enforce compliance policies, updating them as necessary and obtaining appropriate approvals•Stay abreast of changes in AML laws, regulations, and industry trends, and provide guidance and training to staff members to ensure awareness and adherence to compliance standards.•Represent the company during regulatory examinations, audits, and inquiries, and maintain effective relationships with regulatory agencies . Show less