MUHAMMAD LARIK

Collaborative leader with dedication to partnering with coworkers to promote engaged, empowering work culture. Documented strengths in building and maintaining relationships with diverse range of stakeholders in dynamic, fast-paced settings.

• GRCP & GRCA | GRC Certified - USA, 08/2023
• KYC Training to Compliance | Nominated of U.S State Department- CCSI, 10/20/2022
• International Trade Controls, International & UN Sanction, & Iran’s Proliferation Activities, 07/2022
• FinTech: Foundations, Payments, and Regulations | University of Pennsylvania- USA, 07/2022
• Certified Anti Money Laundering Investigator | India, 09/21/2019
• Certified Associate Compliance Anti Money Specialist | KHDA- UAE, 09/21/2019
• Certified Compliance & AML | Virginia Institute of Finance UAE, 04/24/2019
• Certified VAT Compliance Diploma | Association of Taxation Technicians – PWC (UAE), 07/23/2018
• Certified International Introduction to Securities and Investment | CISI - UK, 03/20/2017
• Certified UAE Financial Rules and Regulations | CISI - UK, 10/17/2016

• Institute of Financial Accountants - FFA, Fellow Member - UK, 10/2019
• Institute of Public Accountants – FIPA, Fellow Member - Australia, 10/2019

• Managing Sanction Risk, IFMP – Pakistan, 10/24/2020
• Basel III – Standards, Issues, Challenges and Implications, IBP – Pakistan, 10/08/2020
• Risk Mitigation Measure for Financial Crimes in Branches, IBP – Pakistan, 09/14/2020
• XBRL Reporting System, SCA - UAE, 12/26/2016
• Common Reporting Standard – CRS, Central Bank – UAE, 11/29/2015
• Trade Margin Reporting & New Settlement System, SCA UAE, 02/16/2015
• Implementation of Securities Lending & Borrowing, NCCPL - Pakistan, 05/28/2012
• Islamic Banking, BIPL - Pakistan, 07/14/2008
• Anti-Money Laundering (Global), Thomson Reuter – World Check, 06/2021 - 07/2021

• Creative Zone Group - UAE, Group Governance Manager, Monitor industry best practices, demands from authorities, and regulatory requirements. Assist in developing the governance framework to fit the unique needs of each business. Integrate modifications into the governance framework as needed. Keep up with and comprehend pertinent UAE rules and regulations; foresee potential future ramifications; and report to the Group Head of Compliance. For businesses with manual client lists, manage and keep an eye on the client lists. Regularly collaborate with the compliance team to guarantee that pertinent and accurate records are kept up to date. Help with regulatory reporting (ESR, MOE Surveys, etc.) as needed. When necessary, support regulatory inspections. Ensure that executive management and the board receive timely reporting on metrics pertaining to governance. Help with the group-wide, twice-yearly internal audits and reviews to make sure compliance protocols are being followed. When necessary, update the governance policies. Help the Group Head of Compliance with as-needed tasks pertaining to developing and promoting best practices for compliance among the group's companies. Report any changes to the Group Head of Compliance and maintain up-to-date records of any modifications to the board, entities, or holdings. Ensure that any modifications are communicated to the Group Head of Compliance and updated in the appropriate org structure charts. Support the formation of subcommittees for compliance and make sure that all minutes.
• Creative Zone Group - UAE, Compliance Project Manager, Supervising the adoption of AML/CTF policies, practices, systems, and controls throughout the CZG Group. Ensuring that the CZG develops, establishes, and maintains the necessary policies, procedures, systems, and controls to keep track of daily operations. Responsible for implementing policies, rules and processes, including appropriate documentation for all assigned institutions. Creative Zone (Company Services Provider) MLRO Building a relationship with regulators, with proactive, transparent, and timely engagement. Evaluate, scrutinize, and research documents; obtain information pertaining to Suspicious Activity; and make decisions regarding whether to notify the FIU or keep the company registered while keeping complete confidentiality. Being in responsible of reporting Economic Substances Regulation of Creative Zone Group. Being a CZ Group MLRO, also Approved MLRO in ADGM and Work with law enforcement Agencies, the financial intelligence unit, and other state authorities while giving them all the information they need. Responsible for supervising Internal Group of Companies’ compliance with relevant rules and regulations and developing a risk-based supervisory plan, using all relevant information and the Commercial Free zone, DIFC, ADGM, FSRA & MOE Risk/Impact Assessment methodology. Conduct periodic risk assessments to determine the kind, level, significance, and extent of current and new risks, and take the required mitigating measures. Managing the ML, TF and sanctions risks is the primary focus of supporting and coordinating top management. Create, carry out, and record continuous training and development for staff members on money laundering, the financing of terrorism, and financing illegal organizations, as well as strategies to tackle these issues. Responsible for taking prompt action against deficiencies and non-compliances identified. Ensuring ongoing compliance in accordance with corporate and legal obligations applying necessary controls, and ensuring adherence to regulatory requirements.
• Shams Media City Free Zone Authority – UAE, Sr. Compliance Officer / Quality Controller, Conduct risk-based review of anti-corruption issues associated with offers of employment. Can exercise independence of judgement and autonomy. Being Sr. Compliance Officer administrator of compliance monitoring, compliance onboarding functions including KYC Screening and CDD/EDD and define quality procedures in conjunction with operating staff. Arrange monitoring of suspect cases periodically and identify frauds & illegitimate transaction flow. Investigate and recognize Offshore companies, UBO, Sanction Screening and money laundering cases. Responsible for Regulatory Reporting such as; goAML Central Bank UAE, Ministry of Finance – ESR, Ministry of Economy - UBO, FATCA & CRS reporting. Providing periodical training to the entire Employees, Agents and Licensees of the organization and advice the business regarding the money laundering & terrorist financing aspects in relation to the development of new products/services in new and existing markets. Collaborate & Consults with Business Unit Leaders and Operation departments to monitor the enforcement of standards via establishing Quality Committee & Audit Committee. Develop all related SOPs and processes Flows & Set up and maintain controls and documentation procedures. Develop Compliance KPIs, Scorecard and GAP Analysis and accordingly update compliance systems. Managing Compliance & ESR Team including 6 members and also Directly Reporting to General Manager & Sr. Operation Manager.
• Al Brooge Securities L.L.C – UAE, Operation Manager, On boarding new clients, carrying out KYC/CDD and approving new client’s accounts. Coordination with the customer service and ensuring all the processes are completed with the stated TAT. Managing and advising trading brokers to comply with the rules, regulations, and instructions of respective regulatory authorities. Acting as the focal person for all compliance & Operations-related issues & Point of contact for Audit & Inspection of Regular Authorities (SCA) and also responsible for entire VAT process. Coordinating, and reporting with the UAE Central Bank and regulators like SCA, ADX, and DFM as required. To monitor service, quality indicators and take measures to ensure the Optimum level of customer satisfaction. Identify examining and reporting any suspicious activities related to money laundering and terrorist financing. Reviewing and handling client complaints in accordance with the internal policies and procedure. Ensure systematic record keeping of Customer inquiries, Comments, Complaints, pending & resolve issues. Operation Manager Approved by Regulator “Securities Commodities Authority”. Apart from that also carry additional responsibility as a MLRO in Al Brooge Forex for Broker and participate in regulatory and supervisory meetings and consultations with Central Bank of the UAE & other regulatory entities as wells as Compliance Officer / MLRO approved by Central Bank of UAE.
• Al Brooge Securities L.L.C – UAE, Compliance Officer, Maintained and revised policies and procedures for effective compliance program and its related activities to prevent illegal, unethical, or improper conduct. Co-ordinate and developed of Compliance Monitoring Plans by business specific compliance reviews, routine checks, transaction monitoring and approvals with IT department. Daily transaction monitoring, checking through screen reports/notifications and alerts to ensure that the transactions complied with advised AML procedures. Ensured compliance with regulatory requirements mainly SCA, ADX, DFM & Central Bank of UAE regarding AML/KYC/CDD, embargoes, anti-corruption, and legal aspects. Ensured ongoing screening of existing customer, AML risk assessments and KYC review according to a regulatory authority.
• BankIslami Pakistan Limited – Pakistan, Asst. Manager Operations (Corporate/Retail Br), Responsible of cash management related to customer withdrawals & deposits and reconcile at the EOD. Ensure smooth conduct of remote banking services & reconcile onsite ATM’s transaction scroll; Replenish Cash; Ensure branch ATM is in working order and report to Information System Department for any technical issue. Compliance to internal control guidelines and policies & maintain adequate working funds as required by bank policy; verify and balance assigned cash drawer with cash variances. Assist business development team to ensure account form is filled by customer complete manner and all pertinent information is gathered in the KYC form. Adhere to Cash Management rules and guidelines; Avoidance of penalties pertaining to non- compliance of cash/ currency management guidelines.
• BankIslami Pakistan Limited – Pakistan, Treasury Operation Officer, Money Market & Foreign Exchange Desk. Settlement of money market and foreign exchange transactions. Preparation of MMCRS / FXCRS and reporting to Central Bank. Settlement of securities - Sukuk (Islamic Bond). Other Activities. Ensure the payments are made correctly and in a timely manner. settlement & confirmation processing. Responsible for SWIFT administration activities including inputting/verifying and responding to SWIFT messages and oversee the input and processing treasury transaction into the banking system.
• BankIslami Pakistan Limited – Pakistan, Operations Co coordinator, Coordinated with staff for operational support activities of the units within other departments. Handled Branch Report named (CSO Transaction Report) and corresponding with entire operations team including 102 branches and HO Operations section. Resolved Audit issues and Cash insurance along with maintaining central bank accounts on daily basis to keep operations working smoothly. Act as responsible for implementing, oversee and evaluate different programs according to the nature and requirement of the organization and active member of Operation Re-Engineering Committee. Responsible for Employee management issue related to Annual Leave, Transfer of Staff, Medical Facilities and Annual Appraisals. Ensured to resolve Audit issue & follow-up from Entire BIPL branches & Head office Operation section.