Furqan Nawaz
Banker
Lahore,Punjab
Summary
Organized and dependable candidate with extensive professional experience of AML/CFT regulations, AML/CFT training, regulatory compliance, internal control, banking laws & international best practices, branch banking operations and analytics. Strong leadership and communication skills. Hardworking, passionate, and detail-oriented individual. Ability to handle multiple projects simultaneously with a high degree of accuracy. Willingness to take on added responsibilities to meet organizational / team goals. Eager to secure management level position.
Overview
18
18
years of professional experience
1
1
Certification
4
4
Languages
Work History
Head – Monitoring & Enforcement Unit
Bank Alfalah Ltd
6 2018 - Current
- Represent the Bank on AML/CFT related matters, proactively engage to ensure adherence to the regulatory expectations and national interest in managing AML/CFT risks.
- Ensure that the Bank complies with the Central Bank’s guidelines specifically on financial crimes i.e. Anti-Money Laundering (AML), Combating Financing of Terrorism (CFT), Countering Proliferation Financing (CPF), Customer Due Diligence (CDD), and Enhanced Due Diligence (EDD) issued in light of APG / FATF Recommendations on combating risks of Money Laundering.
- Offer expert guidance and support on Anti-Money Laundering / Countering the Financing of Terrorism (AML/CFT) related matters to stakeholders across the Bank in line with the Bank Policies, Minimum Standards set by the Regulators and Global Best Practices.
- Work closely with 1st Line of Defense and constantly engage other financial crime teams to ensure AML/CFT and Know Your Customer (KYC) Policies are adequately embedded in business procedures and day to day activities.
- Drive the coordination and execution of various financial crime compliance workstreams to ensure alignment with the Central Bank Guidelines.
- Review and approve new products, initiatives and services from an AML/CFT perspective to ensure any risks are identified and mitigated.
- Lead and manage regulatory reviews / examinations, spot checks and other ad hoc reviews to ensure full compliance by the Bank.
- Craft post examination remediation plans and ensure implementation by stakeholders in a manner that they are aligned to the regulatory requirements and Bank policies.
- Engage with external agencies such as Central Bank (SBP), Financial Intelligence Unit (FIU), Law Enforcement Agencies (LEAs), Ministry of Interior (MOI) etc. to ensure the Bank discharges its obligations in a timely manner.
- Recommend and implement improvements to policies, procedures and processes so that all relevant procedural requirements are fulfilled while ensuring that the Bank delivers best-in-class services, products and innovation.
- Identify opportunities of continuous improvement to contribute to organizational change initiatives, programs and projects taking into account best practices and standards.
- Support the Group Head – Compliance & Business Solutions / Head – Regulatory Compliance, Control & Fraud Risk in developing, promoting and maintaining an effective anti-money laundering and counter-terrorist financing compliance culture in the organization.
- Manage effective achievement of the team’s objectives through setting individual objectives, managing performance, developing the team and providing formal and informal feedback to maximize overall performance, engagement and motivation.
- Lead and execute Compliance & Controls training program in line with the regulatory requirements across the Bank.
- Remain abreast of Compliance related rules, regulations and best industry practices, assess its impact on the Bank and update business functions accordingly.
Manager – Monitoring & Support Unit
Bank Alfalah Ltd
02.2013 - 06.2018
- Responsibilities not provided.
In-charge Accounts
Bank Alfalah Ltd
06.2010 - 01.2013
- Responsibilities not provided.
Operations Officer
Bank Alfalah Ltd
09.2006 - 06.2010
- Responsibilities not provided.
Education
Marketing
Imperial College of Business Studies
Lahore, PunjabCivil & Criminal Laws
Pakistan College of Law
Lahore, PunjabEnglish Literature
University of the Punjab
Lahore, PunjabHumanities
Board of Intermediate & Secondary Education
Lahore, PunjabScience
Board of Intermediate & Secondary Education
Lahore, PunjabSkills
Advance Professional Certification in AML/CFT
Currentjobrole
Head – Monitoring & Enforcement Unit, Regulatory Compliance, Control & Fraud Risk, 07/06/18 - Present, Bank Alfalah Ltd, Lahore, Punjab, Pakistan
Skillsexpertise
- Excellent knowledge and understanding of the applicable regional and international AML / CFT / CPF rules and regulations
- Financial Data Analysis Skills. Well-versed with Microsoft Excel, PowerPoint, Word and Outlook
- Strong Leadership, Communication & Interpersonal Skills
- Excellent Project Management skills
- Ability to generate ideas, think creatively, develop innovative solutions and build effective business relationships
- Team player, able to meet deadlines and manage challenging workload
- Fluent in English and Urdu with strong written and verbal skills
- Focused on driving tasks to completion with pace, whilst retaining a high level of attention to detail and accuracy
- Handle highly sensitive information with absolute confidentiality
Personal Information
- Willing To Relocate: Yes
- Father's Name: Muhammad Nawaz Umer
- Date of Birth: 05/05/83
- Gender: Male
- Nationality: Pakistani
- Marital Status: Married
Officeaddress
Shahdin Manzil Basement, Shahrah-e-Quaid-e-Azam, The Mall, Lahore, Punjab, Pakistan
Projects
Development of Bank’s Fraud Prevention Policy, Internal Control Policy, Procedure Manual, Org-chart, & All Reporting Formats Administrative & CAPEX Budget as well as Staff Capacity Planning Countrywide Hiring & Orientation of ICD Staff Development of Yearly Learning Schedule of ICD Several Presentations on “Internal Controls & Compliance, AML / CFT Regulations / CDD / EDD”, Clearing & Collections”, “Local Remittances” etc.
Accomplishments
- Successful establishment of a whole new Division (Internal Control Division) from scratch.
- Crafted Bank’s Fraud Prevention Policy, Internal Control Policy, Internal Control Procedure Manual, Org-chart, & Several Regulatory Reporting MISs & Formats.
- OPEX / CAPEX Budgeting
- Staff Capacity Planning, Hiring & Orientation
- Development of Yearly Staff Training Program.
Certification
Certified Advanced Professional in AML/CFT, [National Institute of Banking & Finance, Pakistan] - [Feb, 2023]
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Timeline
Certified Advanced Professional in AML/CFT, [National Institute of Banking & Finance, Pakistan] - [Feb, 2023]
02-2023
Manager – Monitoring & Support Unit
Bank Alfalah Ltd
02.2013 - 06.2018
In-charge Accounts
Bank Alfalah Ltd
06.2010 - 01.2013
Operations Officer
Bank Alfalah Ltd
09.2006 - 06.2010
Head – Monitoring & Enforcement Unit
Bank Alfalah Ltd
6 2018 - Current
Marketing
Imperial College of Business Studies
Civil & Criminal Laws
Pakistan College of Law
English Literature
University of the Punjab
Humanities
Board of Intermediate & Secondary Education
Science
Board of Intermediate & Secondary Education
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