Nishab Moideen
Sharjah
Summary
Seasoned banking professional with extensive experience in Financial Crime Compliance and Compliance Governance. Demonstrated success in implementing robust AML/KYC/CFT systems and contributing to the growth of reputable organizations in the UAE. A Certified Financial Crime Compliance specialist (CAMS, Advanced-CAMS and ICA) with 19+ years unwavering dedication to the financial industry in UAE. Possesses profound knowledge in Compliance regulations, Financial Crime technology, UAE AML/CFT Laws and Regulations, Sanctions programs, FATF Recommendations and Standards, Financial Institutions Client Due Diligence, AML/CFT Program development, AML/CFT investigations and reporting. Forward-thinking Senior Manager adept at managing teams of [Number] employees with [Number] direct reports to accomplish challenging objectives. Imparts clear vision to guide cohesive, high-performing teams.
Overview
21
21
years of professional experience
1
1
Certification
Work History
Senior Manager – Compliance Quality Assurance Monitoring & Reporting
Sharjah Islamic Bank PJSC
01.2020 - Current
- Compliance Assurance - Quality assurance testing on compliance functions such as CDD, EDD, Transaction Monitoring, Sanctions Screening, STR/SAR reporting etc
- Reporting and tracking of observations identified during the Compliance Assurance testing
- AML CFT system implementation and fine-tuning
- Periodical AML CFT system testing to ensure the system perform
- Data analysis on customer KYC, transactions and highlight to relevant area for their action
- Quarterly reporting to Board and Senior Management on compliance activities and assessments
- Conduct Financial Crime Risk Assessment (FCRA) in coordination with an external consultant
- Periodical review of Compliance policies from quality assurance perspective
- Compliance trainings related to Financial Crime Compliance (AML,KYC,CTF)
Manager – AML and Sanctions
Sharjah Islamic Bank PJSC
01.2009 - 12.2019
- Manage the team of Compliance for AML Transaction Monitoring, KYC Name screening, Sanctions screening and Customer On-boarding review
- Provide guidance and advice to the Compliance staff on day-to-day activities related to AML, KYC, Sanctions Monitoring, CDD and ECDD
- Ensure Enhance Due Diligence review of high-risk customer on-boarding are in line with customer on-boarding guidelines, KYC policy
- Ensure the Compliance Policies and Procedures (KYC, AML, CTF, and CPF) are up-to-date as per the changes in the local regulatory requirements and international KYC, CDD standards
- Review STRs (Suspicious Transaction Report) prepared by the AML Officers before submitting to Central Bank
- Liaise with IT for AML system related changes or issues
- Coordinate with other areas of the bank for the timely submission of requested details to Central Bank
- Providing guidance and advice to the AML Officers on CDD and KYC process, highlighting requirements and methodologies to follow
Compliance Analyst – AML and Sanctions Department
Al Ansari Exchange Co.
03.2007 - 11.2008
- Review of Membership Card Opening Documents received from branches to verify all KYC and KYCC policies are followed
- Coordinate with other departments/branches on a monthly basis for obtaining information pertaining to AML activities
- Review Suspicious Transaction Reports (STRs) received from the branches/other business units for completion of information and further investigation
- Assure the compliance of OFAC Regulations on transactions sending to/routing through USA by verifying the physical documents
- Handle queries received from Central Bank related to customers and obtain information and documents from other departments/branches
- Conduct investigations relating to suspicious transactions or activity
Accountant – Branch Accounts Department
Al Ansari Exchange Co.
08.2003 - 02.2007
- Managed 25 cashiers and 30 Remittance Clerks of 5 Branches
- Physical verification of Cash position by periodically visiting branches
- Verify/Reconcile Teller Proof Report
Education
Master of Business Administration - MBA - Banking
Manipal University
Bachelor of Commerce -
Calicut University
Skills
- Compliance
- Quality Assurance
- Monitoring
- Testing
- Financial Crime Risk Assessment
- AMLCFT system implementation
- Board & Senior Management reporting
- Risk Appetites and Control assessments
- Data Analysis
- System Fine Tuning
- AML Sanctions Monitoring
- STR SAR Reporting
- Assessment and action plan preparation
- Internal & External audit observations
- Proficient in computer applications
Corporate Communications
Reporting management
Data Analytics
Data-driven decision-making
Cross-functional Team Coordination
Strategic Planning
Certification
- Advanced Certified Anti Money Laundering Specialist (Advanced CAMS), ACAMS
- Certified Anti Money Laundering Specialist (CAMS), ACAMS
- ICA Certificate in Managing Sanctions Risk, ICA
- Compliance Insights in Banks, EIBFS
- Risk Management in Banks, EIBFS
Languages
English (fluent)
Arabic (intermediate)
Hindi (fluent)
Academiccertifications
- Master of Business Administration - MBA (Banking), Manipal University, India
- Bachelor of Commerce (B.Com), Calicut University, India
Countryofresidence
United Arab Emirates
Personal Information
- Nationality: Indian
- Marital Status: Married
References
Available upon request
Projects
Successfully spearheaded the implementation of three AML CFT systems as a Compliance Project Manager, showcasing a consistent track record of achievement. Developed and integrated a Customer Risk Rating methodology into the AML CFT system, enhancing risk management procedures. Prepared and executed comprehensive compliance reporting for both Board and Senior Management, ensuring transparency and informed decision-making. Successfully managed periodical reporting to regulatory bodies, including AML CFT Data Collection Surveys and Risk-Based Supervision Surveys. Conducted Financial Crime Risk Assessments (FCRA) with consultant, contributing to robust risk mitigation strategies.
Timeline
Senior Manager – Compliance Quality Assurance Monitoring & Reporting
Sharjah Islamic Bank PJSC
01.2020 - Current
Manager – AML and Sanctions
Sharjah Islamic Bank PJSC
01.2009 - 12.2019
Compliance Analyst – AML and Sanctions Department
Al Ansari Exchange Co.
03.2007 - 11.2008
Accountant – Branch Accounts Department
Al Ansari Exchange Co.
08.2003 - 02.2007
Bachelor of Commerce -
Calicut University
Master of Business Administration - MBA - Banking
Manipal University
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