Sameet Kumar

I am associated as a Head of Internal Audit and following are my responsibilities.

• Responsible for the overall strategic leadership, oversight, and management of the Internal Audit function towards improving on the governance, risk management and control practices and processes of the business.
• Responsible for Planning and development of the Internal Audit Plan and Audit program Execution and delivery of the Audit Programs.
• Evaluation of the adequacy and effectiveness of existing controls and information systems and influencing best practices change.
• Forming an audit report showing the purpose and scope of the audit assignment, the conclusions, the findings, and related recommendations.
• Communication of the Audit findings to Senior Management and Board of Directors.
• Preparing agenda for Board audit committee meeting.
• Documenting minutes of the meeting.
• Coordination with Group Internal auditors and SBP auditors.
• Ensure that all exceptions raised by NBP Group audit and SBP audit are resolved within stipulated time.

I was associated as a Manager QA in AML Department of Compliance Group and following were my responsibilities.

• Validation of AML/CFT Systems and Identification of Issues in screening/ transaction motoring system and highlighting to management for resolution.
• Monitoring counter review performed by QA analyst on review performed on Sanctions/TMS alerts.
• Review of compliance SOP and identification /rectification of gaps considering AML/ CFT policy.
• Performing QA review of activities done by CFT Desk.
• Recommendation of Training based on our review of analyst alerts.
• Identify the training needs for staff & regularly address the developmental needs of staff.
• Ensure that all exceptions raised by Internal Audit are resolved within the period assigned by Internal Audit.
• Any other tasks assigned by the Divisional Head AML/CFT & Group Head Compliance.
• CFT Desk / Sanction Compliance-OG II – Compliance Group, OF Pakistan.

I was associated as a Team Leader -CFT Desk / Sanction Compliance and following were my responsibilities.

• Identification of relationship of individuals and entities proscribed in 1st & 4th schedule ATA-1997 and escalating for reporting under procedure laid down in the ATA, with timely reporting to SBP.
• Reconciliation of SBP ATA records with records enlisted on NACTA website.
• Reconciliation of periodic search against Blacklisted CNIC against Database.
• Extracting negative individual details from different sources e.g., FIA/ CTD.
• Liaison with SBP and Audit team for resolution on their observations to device implementation plan.
• Wrapping/Unwrapping of NGO/NPO accounts and reviewing documents.
• Review and identify AML/CFT risks at the time of new product development in their business processes and suggest measures to overcome shortcomings.
• Preforming Different UAT on different project with respect to Name Screening/ New Products.
• Monitoring incoming /outgoing swift messages through Safe watch application for possible name matching with negative individuals /entities.
• Monitoring account opening through Safe watch application for possible name matching with negative individuals /entities.
• Review CFT and Sanction Screening cases, investigate, report and escalate related hits and other CFT and Sanctions Compliance issues.
• Provide Periodic and adhoc MIS, reports and status as required by the management and SBP.
• Any other tasks assigned by the Divisional Head - AML/CFT.

I was associated as an Anti-Money Laundering officer in AML/CFT Division and following were my responsibilities.

• Monitoring incoming /outgoing swift messages & account opening through Hot Scan Live & BFA application for possible name matching with negative individuals /entities.
• Compliance of UN sanctions /Government instructions regarding freezing of accounts of negative individuals /entities.
• Provide AML clearance on opening of account of NGOs/NPOs & Charities.
• Trade related transactions after reviewing world check reports.

During my time at BDO I have performed the audit in accordance with the International Standards on Auditing (ISA), acting as a team member and team leader on various large and medium-sized listed and unlisted organizations.

During my time at Muniff Ziauddin, I have performed the audit in accordance with the International Standards on Auditing (ISA), acting as a team member r on various large and medium-sized listed and unlisted organizations.