Ayman Desokey
Dubai
Summary
Boasting a distinguished 19- year tenure in the banking and financial services sector, I am a seasoned Management Professional with a dynamic range of expertise tailored to the needs of prestigious banking institutions. My career is built on a robust foundation of skills, honed through diverse banking roles, and is further solidified by an MBA in Finance and a Certified Fraud Examiner (CFE) credential—clear indicators of my dedication and competence. I am lauded for my deep understanding of FATCA and CRS regulations, along with a strong grasp of KYC reviews and adherence to AML policies and processes. My proficiency extends to meticulous AML alert reviews, customer KYC and KYB analyses, and adeptness in CDD and EDD for both retail and corporate clients. I am skilled in raising reports for STR and SAR through GOAML, leading compliance investigations, and steering operational and fraud risk system UAT and implementations.
Overview
20
20
years of professional experience
Work History
Fraud Risk And AML Specialist (Department Manager) (Temporary Project Extendable Contract)
Reem Community Digital Bank (Reem Finance PJSC)
06.2025 - Current
- Uphold institution-wide standards for fraud monitoring, detection, case management, and reporting, ensuring robust compliance.
- Vigilantly monitor and respond to daily fraud alerts, maintaining a proactive approach to emerging security threats.
- Contribute to the creation and implementation of comprehensive anti-fraud strategies that align with the bank’s risk management practices and digital banking initiatives.
- Review the group’s cybersecurity strategies, crucial for effectively leveraging threat intelligence and mitigating fraud.
- Leverage Group IB’s threat intelligence to enhance the efficacy of fraud detection and prevention initiatives.
- Utilize Falcon’s real-time surveillance and alert mechanisms to identify suspicious activities across multiple platforms.
- Implement real-time transaction monitoring across diverse payment channels, including credit cards, debit cards, and digital transactions supported by Falcon.
- Enhance and oversee the scoring mechanism to accurately identify high-risk transactions, prioritizing them based on potential fraudulent activity.
- Optimize Falcon’s scoring framework to provide insightful analyses of transaction risk probabilities.
- Establish and implement a flexible fraud risk management framework, supported by robust policies and standards, ensuring timely updates and the escalation of critical matters to senior leadership.
- Conduct comprehensive investigations into flagged transactions, leveraging transaction data analysis and fostering interdepartmental collaboration.
- Employ advanced fraud detection methodologies to proactively identify and attenuate fraud risks effectively.
Senior MLRO
Arabic Islamic Insurance Company SALAMA Insurance
11.2024 - 06.2025
- Establish and communicate Salama’s Compliance objectives and integrate the Compliance Function into the business strategy development process.
- Develop and ensure the proper implementation of the established policies and procedures.
- Ensure compliance of UAE Branches with applicable laws and regulations, including the Anti-Money Laundering and Counter-Financing of Terrorism regulations and guidelines.
- Serve as a focal point with the Regulator in Compliance issues and handle related inquiries.
- Design, develop, maintain and update the Compliance and AML Programs in conformity with laws, circulars, guidelines, and best practices. Implement controls and perform necessary audits.
- Develop and perform ML/FT risk assessment and update AML program in place accordingly.
- Implement and regularly test control measures for complying with sanctions and restrictions set by national regulators, foreign countries, and international organizations.
- Stay informed of compliance trends and international sanctions and advise management on necessary changes to existing AML & Compliance related policies and procedures.
- Act as the central point gathering information on suspicious clients and stakeholders, and coordinating with regulatory authorities.
- Work closely with UAE Branches business units (departments and branches) to establish, maintain and continuously monitor compliance risks. Develop and implement systems for the identification, collection, and analysis of compliance risk data.
- Exercised leadership capabilities by successfully motivating and inspiring others.
- Strengthened communication skills through regular interactions with others.
COMPLIANCE OFFICER (KYC, Onboarding and AML)
National Bank of Fujairah, Dubai (UAE)
11.2022 - 10.2024
- Guarantee the accuracy of KYC documentation to ensure strict compliance with all regulations.
- Oversee the meticulous implementation of CRS (Common Reporting Standard) and FATCA (Foreign Account Tax Compliance Act) stipulations.
- Perform thorough screening processes, including Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD), to effectively mitigate financial risks.
- Supervise AML (Anti-Money Laundering) transaction alerts and respond promptly to any potential threats.
- Compile and distribute STR (Suspicious Transaction Report) and SAR (Suspicious Activity Report) notifications through GOAML to deter money laundering activities.
- Detect red flags and evaluate financial crime hazards consistently to maintain a proactive compliance stance.
- Make informed, risk-based choices regarding applications and maintain documentation that satisfies all criteria. Assist in the preparation and oversight of audits, as well as validating audits performed by team associates. Facilitate the execution of training programs to enhance KYC/AML awareness within the organization.
- Carry out EDD and CDD assessments regularly, focusing on evaluating high-risk accounts and conducting thorough Politically Exposed Person (PEP) evaluations.
- Enforce Know Your Customer (KYC) protocols to uphold compliance integrity.
- Offer regulatory counsel to ensure that all practices align with both local and international regulatory frameworks. Analyze intricate account opening requests to determine accurate risk profiles effectively.
- Execute essential KYC screening procedures, collaborating closely with Relationship Managers and branches to ensure comprehensive customer assessments.
- Conduct sanctions reviews proficiently to identify PEPs and monitor clientele based on their established risk ratings.
- Flag suspicions and suggest appropriate reporting actions to mitigate potential risks proactively.
- Fulfill various tasks as needed to support overall compliance functions. Maintain a Management Information System (MIS) that efficiently tracks opened, closed, and rejected accounts to provide clear visibility into compliance activities.
- Assist in discerning risks and developing trends through data analysis, ensuring accurate updates and reconciliation processes are consistently applied.
- Advise and aid in documenting violations to reinforce compliance protocols.
- Doing system evaluations and coordinate with IT to enhance technological solutions supporting compliance efforts.
- Provide insights for system improvements that optimize compliance frameworks and operational processes.
- Stay abreast of the latest regulatory changes impacting KYC, CDD, EDD, and AML procedures to integrate necessary updates into existing protocols seamlessly.
- Regularly review and refine compliance policies to align with evolving best practices and regulatory expectations.
- Establish open communications with regulatory bodies to ensure that any inquiries or audits are handled with efficiency and transparency.
- Engage with external auditors and consultants to gain insights for compliance improvements and address any identified weaknesses in procedures.
Fraud Risk and AML Team Leader (Temp Project Contract)
Ajman Bank, Ajman
11.2020 - 11.2022
- Lead a team of fraud analysts, investigators, and other professionals, providing guidance, coaching, and support to ensure the team operates effectively and efficiently.
- Spearhead advanced fraud prevention strategies, enhancing security across all banking platforms and ensuring the protection of CM and institutional assets.
- Vigilantly monitored and responded to daily fraud alerts, maintaining a proactive stance in combating security threats.
- Leading comprehensive compliance initiatives and enforcing strict anti-money laundering (AML) and know-your-customer (KYC) protocols.
- Ensure adherence to AML/KYC mandates to ensure compliance with regulations.
- Ensure legal and ethical account management by conducting thorough Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for companies and Ultimate Beneficial Owners (UBOs).
- Proactively investigate and resolve red flag alerts, taking necessary actions including account closure or escalation via Suspicious Transaction Reports (STRs)/ Suspicious Activity Reports (SARs).
- Promoting compliance awareness through targeted training programs for various bank departments.
- Maintaining a risk-averse environment through consistent adherence to guidelines throughout banking operations.
- Conduct AML/KYC training to strengthen regulatory practices across the bank.
- Participate in the development and implementation of comprehensive anti-fraud strategies, aligning with the bank’s risk management protocols and digital banking initiatives.
- Review group IB’s cybersecurity solutions which is essential for leveraging threat intelligence.
- Leverage Group IB’s threat intelligence to enhance fraud detection and prevention strategi.
- Utilize Falcon’s real-time monitoring and alert capabilities to identify suspicious activities.
- Doing real-time transaction monitoring across various payment channels, including credit cards, debit cards, and digital payments through Falcon.
- Enhance and monitor the scoring mechanism to identify high-risk transactions.
- For falcon scoring system based on the likelihood of fraud, helping prioritize.
- Establish and execute a dynamic fraud risk management framework, policies, and standards, ensuring timely updates and escalation of critical matters to senior leadership.
- Conduct in-depth investigations into flagged transactions, leveraging transaction data analysis and cross-departmental collaboration.
- Employ cutting-edge fraud detection methodologies to proactively identify ,reduce frauds.
- Assess and quantify risk levels, formulating strategic recommendations to mitigate potentially fraudulent activity.
- Ensure strict adherence to internal policies, regulatory standards, and legal mandates in fraud prevention and risk management.
- Carry out detailed risk fraud assessment and identified and analyze major risk areas in the
KYC and AML Senior officer
DUBAI ISLAMIC BANK, Dubai
07.2015 - 03.2020
- Conduct diligent review of escalated transaction monitoring alerts and take decisive action to mitigate risks, including merchant contact, fund retention, agreement termination, or Suspicious Activity Report (SAR) filing.
- Leading comprehensive compliance initiatives and enforcing strict anti-money laundering (AML) and know-your-customer (KYC) protocols.
- Ensure adherence to AML/KYC mandates to ensure compliance with regulations.
- Ensure legal and ethical account management by conducting thorough Customer Due Diligence (CDD) and Enhanced Due Diligence (EDD) for companies and Ultimate Beneficial Owners (UBOs).
- Proactively investigate and resolve red flag alerts, taking necessary actions including account closure or escalation via Suspicious Transaction Reports (STRs)/ Suspicious Activity Reports (SARs).
- Promoting compliance awareness through targeted training programs for various bank departments.
- Maintaining a risk-averse environment through consistent adherence to guidelines throughout banking operations.
- Conduct AML/KYC training to strengthen regulatory practices across the bank.
- Identify and recommend enhancements to transaction monitoring
Senior credit Analyst (Unsecured Assets)
Dubai Islamic Bank, Dubai
09.2011 - 07.2015
- Expertly analyze and process unsecured credit cases, ensuring strict adherence to bank policies and customer profile assessments.
- Conduct comprehensive segment analysis, from due diligence to underwriting.
- Authorize or escalate credit deviations within the established authority matrix, maintaining compliance and control.
- Diligently review financial statements, audit reports, and compute key ratios to craft succinct credit proposals.
- Assess creditworthiness by evaluating credit histories of individuals and companies, effectively gauging loan risk.
- Proactively identify potential fraud and suspicious activities, enhancing the quality and security of credit analysis.
- Assess customers’ cash flow to determine their repayment capacity for CF.
- Review existing customer profiles for repayment history, leveraging historical transaction data to inform credit decisions.
- Skillfully underwrite credit requests, presenting findings and recommendations in a high-pressure environment.
- Maintain rigorous credit analysis standards, highlighting approval conditions and ensuring thorough Contact Point Verification (CPV).
- Perform internal self-audits on processed cases, aiming for low-risk ratings and adherence to Standard Operating Procedures (SOP).
- Meet productivity targets, uphold service level agreements (SLA), and ensure timely turnaround (TAT) for customer satisfaction.
- Accurately update daily productivity metrics (MIS), especially during peak periods, to reflect performance and resource allocation.
- Execute special projects as assigned by management.
- Deliver training to new hires.
Customer Service Supervisor (Universal Banker)
Dubai Islamic Bank, Dubai
05.2007 - 09.2011
- Manage the opening of diverse account types for SMEs and retail individuals.
- Process finance and facility applications, ensuring seamless progression from initial data entry to disbursement and final approval stages.
- Manage teller and cash operations, enhancing branch efficiency.
- Produce and scrutinize End-of-Day reports.
- Guarentee timely financial obligation limit (FOL) renewals and meticulous document collection, complying with turnaround time (TAT) benchmarks.
- Authorize (FX) special rates through treasury department.
- Optimize Letter of Credit (LC) and General Ledger (GL) processes, collaborating with trade and finance teams for cheque & LC discounting.
- Demonstrate expertise in reviewing and executing facility requests, account openings, and business banking contracts.
- Skille in client onboarding, account management, and responding to financial inquiries with proficiency.
- Refine Know Your Customer (KYC) procedures, boosting client engagement and operational efficiency.
- Perform rigorous due diligence, including blacklist screenings and risk assessments, to ensure client credibility.
- Uphold strict compliance with Anti-Money Laundering (AML) regulations and customer profiling mandates.
- Validate CM documentation for AC setups, adhering to legal and regulatory requirements.
- Monitor account activities, authorizing transactions.
- Prepare and deliver detailed reports on account operations and customer information updates.
- Update and maintain customer data, including signature alterations for business banking accounts.
- Serve as the Money Laundering Reporting Officer, managing AML alerts.
- Ensure adherence to high audit compliance standards and policies.
- Provide leadership and training to new staff, fostering a high-performance team environment.
Sales Team Leader (Personal loan /CC)
Citi Bank N.A, Abu Dhabi
05.2005 - 04.2007
- Lead a dynamic team of 8 sales professionals in the successful promotion and sale of Citibank credit cards, personal loans, and auto loans.
- Develop and execute strategic sales plans to meet and exceed targets.
- Conduct in-depth market analysis to identify competitive pricing, product strengths, and opportunities for improvement.
- Prepare and present comprehensive daily and weekly sales reports to management, highlighting team performance and revenue growth.
- Cultivate and maintained robust public relations networks, ensuring regular engagement and relationship building with key stakeholders.
Education
MBA - Master in Finance
Himalayan University
Dubai01.2021
CFE - undefined
Association of certified Fraud Examiner
USA01.2018
B.Sc. of Commerce and Finance - Accounting English Language Section
Assiut University
Assiut01.2004
Skills
- Project Management
- Oral & Written Communication
- CDD & EDD Team Management
- Investigation and Interviewing
- Fraud System and Application Review and Enhancement
- KYC & AML Analysis
- STR & SAR Drafting
- Time management
- Risk Management
- Problem Solving
- CRS and FATCA
- Analytical Skills
- Rules Creation
- Policy Writing
- Teambuilding
- Auditing
- Investigation
- RCSA,FRSA
- SOP & SLA
- Fraud Monitoring Systems
LANGUAGES
English
Arabic
Timeline
Fraud Risk And AML Specialist (Department Manager) (Temporary Project Extendable Contract)
Reem Community Digital Bank (Reem Finance PJSC)
06.2025 - Current
Senior MLRO
Arabic Islamic Insurance Company SALAMA Insurance
11.2024 - 06.2025
COMPLIANCE OFFICER (KYC, Onboarding and AML)
National Bank of Fujairah, Dubai (UAE)
11.2022 - 10.2024
Fraud Risk and AML Team Leader (Temp Project Contract)
Ajman Bank, Ajman
11.2020 - 11.2022
KYC and AML Senior officer
DUBAI ISLAMIC BANK, Dubai
07.2015 - 03.2020
Senior credit Analyst (Unsecured Assets)
Dubai Islamic Bank, Dubai
09.2011 - 07.2015
Customer Service Supervisor (Universal Banker)
Dubai Islamic Bank, Dubai
05.2007 - 09.2011
Sales Team Leader (Personal loan /CC)
Citi Bank N.A, Abu Dhabi
05.2005 - 04.2007
CFE - undefined
Association of certified Fraud Examiner
B.Sc. of Commerce and Finance - Accounting English Language Section
Assiut University
MBA - Master in Finance
Himalayan University