Moiz Bakoo
Regulator/ Administration/ Driver/ Support Staff
Dubai
Summary
PROFILE OVERVIEW
To seek and maintain full-time position that offers professional challenges utilizing interpersonal skills, excellent time management and problem-solving skills.
PROFESSIONAL SKILLS
GDPR Compliance, Compliance Monitoring, Regulatory Reporting, Corporate Governance AML & KYC Compliance, Risk Management, Policies & Procedures Implementation Attended extensive Compliance & MLRO trainings from FIU Interviewing, Employee Recruitment & Relations, New Employee Orientations/Induction Project Management, Compensation and Benefits MS Office Proficient, Teamwork & Collaboration, Scheduling Termination Procedures, Technical Competence Knowledgeable in all HR Systems, Grievance Resolution Audit Preparation and Reporting, Training Programs Development Payroll Administrator, Benefits Administration, HRIS, Records Maintenance, Performance Management System, Employee Coaching Accounting/Reconciliation
Overview
18
18
years of professional experience
3
3
years of post-secondary education
3
3
Certifications
Work History
Officer
Dubai Financial Services Authority
Dubai
04.2022 - Current
- Governance, Risk & Compliance “GRC”, Conducting AML due diligence checks and maintaining compliance and risk management policies and procedures in-line with regulatory requirement
- Reporting on business risks due to non-compliance to rules and guidelines
- Establish and maintain relationships with clients, regulators, authorities and business partners
- Encourage participation in GRC client projects, framework development, and regulatory update and quality control projects
- Collaborate with the management in the development of new services efforts to increase efficiency and effectiveness creating a positive working environment
- Provide periodic progress reports to the Audit team on the status of Compliance
- Review adequacy of processes established the firms to comply with legal and regulatory requirements
- Review regulatory circulars & papers & ensure compliance thereof;
- Review on a frequent basis (quarterly) the status of follow up compliance checks on implementation of compliance recommendations particularly the high risk open items
- Review Audit management letters and the annual report including disclosures
- Communicate with all relevant regulatory bodies
- Communicate & channel new/updates on existing regulatory requirements to the responsible departments and direct compliance issues to senior management/internal audit for necessary investigation & resolution
- Maintain adequate records & copies of all incoming & outgoing correspondence & in particular circulars for reference;
- Perform compliance reviews and extend assistance to other group entities on compliance matters;
- Perform necessary training to staffs on key compliance and governance areas/emerging issues
- Perform the duties of the MLRO as per the Financial Crime Module
- To receive and review internal reports from management; to receive and consider internal disclosures of suspected money laundering or terrorist financing; to decide whether there are sufficient grounds for suspicion to pass the disclosures
- FIU submission on (SAR/STR) where the grounds for suspicion are sufficient to liaise with the relevant departments to deal with such matters as consent to proceed with a transaction and other disclosure issues, particularly with regards to clients or third parties
- Advise and guard against tipping-off or prejudicing an investigation once a SAR/STR has been made; and to ensure the day-to-day compliance for AML/CFT policies and procedures
- Organize and arrange anti-money laundering training
- Regulatory intelligence reviews: accurately conduct due diligence checks and review the results of on-going screening using specialist software
- Manage all findings in line with established standards and communicate to the relevant Team/RM
- Ensure appropriate sharing of resources across A&I and the broader division both for work delivery and staff development
- Data input and maintenance: correctly input and accurately maintain data that is held in Supervision IT Systems
- Application processing: Process and prepare for review the various applications received by the
- Supervision Division
- Allocation of activities (work tasks): review, assess, input and accurately allocate various submissions made by firms to an appropriate DFSA Firm Supervisor
- Support Activities: participate in Supervision division projects as required
- Tomorrows Regulatory Leaders (TRL): provide administrative support to the TRL programme through and those involved in the TRL Programme
- Related Assignments: Perform other related duties or assignments/projects as directed
- Measures
- Apply technical expertise to help team members solve problems and achieve results
- Support the development of RIS and BI tool on an ongoing basis by identifying areas of improvement and contributing to the ongoing initiatives when possible
- Contribute to development of Online Forms, as allocated from time to time
- Demonstrate dependability within the DFSA in general i.e
- Adhere to performance standards
- Contributes to the delivery of immediate division’s business plan and operational goals
- Adhere to the established performance and service standards, including target turnaround times & ensure efficient delivery for activities risk assessments thematic reviews projects AI processing as well as other process driven activities such as Time Sheets
- Keep all Firm records 100% up-to date in RIS (mandatory)
- Complete routine/low risk regulatory transactions within allocated timelines: a) Changes of scope b) Changes of control c) Withdrawal of licences d) Authorised individuals (licence, amendment and withdrawals) e) Rule modifications and waivers f) Fee determinations g) Risk Assessments h) Senior management meetings
- Analyze, determine and perform appropriate outcomes when reviewing processed data i.e
- BI Tool reports
- Carefully manage the allocation pool of Conduct & Insurance Staff for, and as requested by, the
- Supervision
- Carefully manage the invoice process with Finance, ensure accurate records are maintained
- On a daily basis, review, determine and assign the results of routine due diligence screening using Compliance Link
- Ensure the volume of matches always remains at a manageable level
- Background checks using Compliance Link
- Review, determine and assign the results of background check screening
- Take responsibility for checking the closure of competed background check screening after all reviews are complete
- Keep Compliance Link accurately maintained i.e
- Rules packs effectively reduce the volume of false positives
- Lead & support as required, in thematic / sectoral / business model reviews and other cross departmental / organisational initiatives within allocated deadlines
- Communicates pertinent emerging issues to Managing Director / Directors and Team, as needed
- Adaptability, Agility, Innovation & Excellence
- Build strong relationships with other departments across the whole organisation
- Keep track of own progress against task deadlines
- Keep a positive attitude at work
- Adopts an open minded and flexible approach to work assignments
- Be flexible and adaptable to changing circumstances and demands
- Responds well to change
- Show openness to new ideas
- Developing new ideas, approaches and solutions that add value for internal and external stakeholders
- Continuously striving for performance improvement
- Contribute to brainstorming activities and make suggestions for innovation under the Innovation Agenda
- Prioritises and manages own time effectively to accomplish work in a timely manner
- Supervision Projects
- Digitalize Authorisation process through online forms
- Participate in Supervision Thematic Reviews, as and when assigned
- Support other divisions in the Projects assign to them by offering assistance, as and when needed
- Support FSAP Self-Assessment 2023 and do work required in 2022
- Collaborate and contribute effectively to assigned projects within Supervision and with other Divisions on DFSA-wide projects
- TRLs, UAE Nationals Programme and Other Trainings
- Demonstrate support for the TRL and Nationals Programme, including PDP of UAE Nationals in the team
- Deliver training, coaching and counseling to TRLs and Nationals in their development
- Support Team members’ involvement in TRL training, coaching and counseling
- Conduct training of Supervision staff on use of Supervisory Infrastructure systems and tools
- Develops self and others to obtain and apply subject matter expertise for supervision efforts
- To support the programme through accepting and delivering against other workload requirements allocated as a consequence of the TRL programme
- This includes any formal, informal or ad hoc training on my area of expertise.
Manager
Invention Building Materials L.L.C
Dubai
08.2017 - 11.2021
- Compiled financial reports pertaining to cash receipts expenditures and profit and loss
- Generated financial statements and facilitated account closing procedures each month
- Computed taxes owed by applying prescribed rates laws and regulations
- Completed ledger entries on a short schedule with nearly 100% accuracy
- Optimized and managed spending through collaboration with key business leaders
- Analyzed monthly balance sheet accounts for corporate reporting
- Maintained integrity of general ledger including the chart of accounts
- Reduced entry input time by 20% and decreased errors by 30%
- Review financial statements and audit documents to uncover variances
- Ensuring an up to date and accurate record of budget
- Analyzed financial variance and explored potential issues with relevant stakeholders
- Prepared tax returns, income and expenditure accounts and cash flow statements
- Made suitable recommendations advised management on business impact
- Overseeing all books and documents
- Preparation of invoices and payments
- Accounts software (Tally)
- Collating and analyzing sales data
- Managing employee pay cycle and benefits
- To maintain the work structure by updating job requirements and descriptions for every position
- To develop and control the process of recruitment and induction of staff
- To ensure selection of the most suitable candidates for the organization
- To counsel managers on candidate selection and exit interviews
- To bridge relations between management and employees by addressing different types of issues
- To ensure planning, monitoring, and appraisal of employees
- To facilitate active participation of each employee towards achieving common business goals
- To supervise and verify service processes in personnel administration
- To control and monitor a thorough compliance with the company’s policies
- To ensure a good flow of communication between all levels of the organization
- To participate in the business meetings and seminars
- Providing management support to the Directorate
HR Analyst
Itmam Services LLC, ADCB, The Royal Bank of Scotland, Abu Dhabi
Dubai
05.2007 - 05.2017
- Commercial Bank is one of the largest financial industry in Middle East and third biggest bank in UAE with holding more then 75 branches across the United Arab Emirates, India & United Kingdom
- Talent Acquisition, Responsibilities And Managing Work
- Interview people for different business unit (Locally & Internationally)
- Recruit & manage compensation, benefits & performance management activities for regional market
- Manage & deliver the recruitment plan for ADCB & Itmam – Consumer Banking
- Managing stakeholders and advising on recruitment plans of hiring for the year at all levels
- Manage sourcing of candidates as per manpower plan agreed with the business
- Manage & work with external consultants/ agencies for recruitment
- Manage the candidate screening and HR assessment process
- Manage internal vacancy process for internal staff movements
- Monitor & manage the recruitment MIS for HR, Business & Management
- HR Operations
- Handling Immigration (including Freezon (TECOM & JAFZA)) and Ministry of Labor issues
- Online visit visa
- Induction of New Hire
- Ensure background and reference check is completed
- Conduct employee engagement program (off-site)
- Coordinated orientations and exit interviews part-time and temporary employees
- Staffs new joining & exit formalities (On-boarding & Off-boarding)
- Computed yearly, quarterly and monthly benefits and payroll (excel, and in internal application Tawsul)
- PeopleSoft - Entry/Authorization (Global data base of our all staffs with their salary, dept., BU, DOJ etc)
- Insurance – enrollment, cancellation, quarterly payments
- Staffs all loans, NOCs, experience letters, warning letters, salary certificate
- Providing support for half year and annual appraisal method
- Timesheet and attendance management
- Police permission for late sitting/ maintenance work
- Ensure transport arrangement/ maintenance and vendor contract renewal
- Whistle blow (complain & grievances)
- Staffs claims
- Registering and cancellation in POAs (Power of Attorneys)
- Calculation of End of Service Benefits (Settlement)
- Petty cash, PnL accounts settlement
- Monthly reconciliations
- Maintaining MIS/ records
- Training And Development
- Provide necessary recruitment strategies for marketing and sales support control
- Formulate and execute several local college recruitment curriculums
- Provide essential establishment and maintenance with selective employment control
- Provide vital assistance in the staff’s communication enhancement curriculum
- Assisted a 4 member consulting team in the administration to assess employee's personality types and how they correlate with job performance
- Prepared presentations and manuals
- Taught employees new and more efficient ways to perform their jobs
- Trained new employees on company equipment and on how to use software programs, Training and Development (HR Application):
- Preparation of SOP(s) for the system enhancement/ improvement
- Preparation of SER(s) – for PRP Programs, all types Visa/ ID cards
- Improved and develop additional HR systems to have efficient, controlled and integrity
- (for e.g., Tawasul enhancement)
- Designed an HRD intervention to improve employee performance
- Conducted an in-depth analysis of the problem by performing a Needs Assessment using Organizational/Task/Person Analysis
- Provided recommendations to the organization by the use of a designed training program
- Completed a training program on Affirmative Action Hiring Procedures, Union Regulations, Compliances and Labor Laws
- Separation/ Integration Project of RBS TO ADCB
- Prepared and finalized MIS report of separation
- Closely worked with separation team to have smooth transfer of Retail & Consumer Banking
Branch Manager
First Floor Floorings
Karachi
07.2005 - 01.2007
- Local company who was importing great quality of woods, laminate, vinyl, artificial grass, Ash to trough etc from Germany, France, Sweden & England
- Building market intelligence
- Met deadlines by proactively managing individual and team tasks and streamlining processes
- Meet or exceed the agreed sales revenue
- Define and implement right sales strategies
- Assessed employee performance and developed improvement plans
- Enhanced branch production rates by handling staff conflicts, evaluations, hiring, and termination processes and coaching employees on company protocol and payroll operations
- Creates fact based understanding of local market dynamics and competition
- Maintain relationship with existing customers and develop new customers.
Education
Matriculation - Science
Karachi Public School
Karachi, Pakistan 05.1996 - 05.1998
Good Screening Practices, Certificate of Attendance -
ICA
Dubai,AE 12.2022 - 05.2022
Compliance Foundation Training: Certificate of Achievement - Compliance
Abu Dhabi Commerical Bank
Dubai,AE 01.2011 - 04.2012
Skills
Lexisnexis
undefinedCertification
Information Technology from Genetic Computer School – 2000 – 2001.
Cricket, Swimming.
Hard ball cricket. I am opener batsman or like to play 7th down. I am playing for my local team (friends) from last 11 years. My best score as opener is 84 runs in 50 odd deliveries. Or pinch hitter if playing after 7th down.
I am point fielder in beginning 10 overs and later put on extra covers/ long on or long off.
Swimming - I like to to swim to keep myself healthier and fit.
Timeline
Good Screening Practices, Certificate of Attendance -
ICA
12.2022 - 05.2022
Officer
Dubai Financial Services Authority
04.2022 - Current
Manager
Invention Building Materials L.L.C
08.2017 - 11.2021
Compliance Foundation Training: Certificate of Achievement - Compliance
Abu Dhabi Commerical Bank
01.2011 - 04.2012
HR Analyst
Itmam Services LLC, ADCB, The Royal Bank of Scotland, Abu Dhabi
05.2007 - 05.2017
Branch Manager
First Floor Floorings
07.2005 - 01.2007
Matriculation - Science
Karachi Public School
05.1996 - 05.1998
Information Technology from Genetic Computer School – 2000 – 2001.
C – Language from Genetic Computer School – 2000 – 2001.
Visual Basic 6.0 from Genetic Computer School – 2000 – 2001.
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