Muhammad Amjad
Compliance Officer / AML Analyst
Islamabad,IS
Summary
I am able to make key decisions and recommendations on difficult and important compliance issues related to AML / CFT & KYC / CDD / Sanction Screening. I have a spirit that drives me to do more as an expert at planning, organizing, and controlling the day-to-day operational compliance activities of a company. In my past roles, I have play a key role of Chief Compliance Officer (Acting) and ensuring the correct implementation of AML / CFT policy and other related guidelines issued by Central Bank of Pakistan, time to time. My key strengths include carrying out investigations, providing an advisory service to Senior Management and establishing controls to mitigate the AML / CFT risks. Currently, I am looking forward to work for a company where team members are engaged, supportive of one another and enthusiastic about what they do.
Overview
8
8
years of professional experience
6
6
years of post-secondary education
1
1
Certification
3
3
Languages
Work History
Deputy Manager Compliance (KYC & AML Unit)
National Bank Of Pakistan - NBP Funds
1 2022 - 04.2024
- Responsible for the Account Opening Process and other ancillary activities including screening, monitor the third-party verification process (Investment / Redemption)
- Responsible for overseeing the Compliance Function of the Region.
- Responsible for carrying out Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) in accordance with the regulatory requirements. This also includes timely preparation of EDDs.
- Prepare daily MIS Report. Follow up of KYC deviations on regular basis. Assist in carrying out on-going monitoring / remediation of accounts in terms of documents; conducting KYC / AML related awareness trainings to sale staff.
- Monitoring of the overall operations of the Region with regards to Standard Operating Procedures and highlight gap (if any) therein.
- Assist in different types of transaction monitoring and to highlight unusual / suspicious transactions as and when identified to Manager Compliance and to assist in various investigations on case-to-case basis.
- Attend hearing at different jurisdiction with Regional Heads / Lawyers. Assist in customer complaint resolution.
- Any other task that may assign from time to time by Reporting Manager and Head of Compliance.
Manager Compliance / Acting CCO
AA Exchange Company (Pvt.) Ltd. (A Leading Agent Partner Of Western Union, Money Gram & RIA In Pakistan)
06.2014 - 01.2022
- Implementation of Real Time Sanction Screening / Monitoring system (TMS), from which thousands of financial transactions were screened and proceed / denied accordingly.
- Report more that 2000 STR / SAR with Financial Intelligence Unit (FMU) due to suspicion of ML / TF, Adverse media reports and other high risk factors.
- Manages day-to-day operation of the compliance and MLRO function, including oversight of implementation and adherence to the AML Policy of the Company.
- Provision of advice and assistance to the Company on compliance and anti-money laundering matters
- Keep abreast of changes in applicable laws and regulations and provide guidance to the Company on proposed regulatory changes.
- Collaborates and coordinate with internal departments, regulators, LEA(s) and external service providers to resolve legal and compliance issues.
- Identifies potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future.
- Prepare offsite reports on a periodically basis and share with CEO / BOD.
- Develop effective training programs, including appropriate introductions to new employees as well as ongoing training for all employees and managers.
Education
MBA - Banking And Financial Support Services
Sarhad University of Science & InfoTechnology
Islamabad, Pakistan 10.2013 - 03.2017
Bachelor of Arts - B.COM
University of Punjab
Islamabad, Pakistan 01.2004 - 01.2007
Skills
Teamplayer
undefinedEducation Certification
- Certified Anti Money Laundering Professional (CAMLP - IFMP) - Institute of Financial Management of Pakistan
- Certified Internal Auditor (CIA-PK) - The Institute of Certified Internal Auditor Pakistan
Training
- Training Certificate of AML & KYC for PAK Afghan region by Western Union (2013)
- Training Certificate of AML & KYC by AA Exchange Company (2015, 2016, 2018)
Disclaimer
I hereby declare that the information provided in the resume are true and correct to the best of my knowledge and belief. References and all original documents will be provided on request.
Certification
2023
Timeline
2023
05-2024
Manager Compliance / Acting CCO
AA Exchange Company (Pvt.) Ltd. (A Leading Agent Partner Of Western Union, Money Gram & RIA In Pakistan)
06.2014 - 01.2022
MBA - Banking And Financial Support Services
Sarhad University of Science & InfoTechnology
10.2013 - 03.2017
Bachelor of Arts - B.COM
University of Punjab
01.2004 - 01.2007
Deputy Manager Compliance (KYC & AML Unit)
National Bank Of Pakistan - NBP Funds
1 2022 - 04.2024
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