Summary
Overview
Work History
Education
Skills
Certification
Applications/Tools
Timeline
Generic
Salman Saeed

Salman Saeed

Dubai

Summary

Highly skilled KYC and Onboarding Specialist with extensive experience facilitating onboarding procedures for financial institutions and corporate clients. Keen eye for detail, excels in reviewing customer data to identify potential risks while adhering to compliance and AML guidelines. Leverages expertise to ensure accuracy and efficiency of the onboarding process, safeguarding the integrity of financial operations. A comprehensive understanding of regulatory requirements and unwavering attention to detail actively contribute to mitigating financial and reputational risks.

Overview

15
15
years of professional experience
1
1
Certification

Work History

Senior Officer Compliance & AML - Onboarding Financial Institutions & Corporates

Al Ansari Exchange LLC
09.2022 - Current
  • Conduct Enhanced Due Diligence (EDD) to establish business relationships with local and international banks, exchange houses, and corporate entities.
  • Engage in compliance calls and site visits with partner entities to understand their compliance function.
  • Perform periodic reviews based on risk assessments promptly, adhering to regulatory standards, and submit detailed reports to the Board of Directors.
  • Carry out adverse media checks using Refinitiv World-Check, string searches, and public media sources.
  • Execute sanctions screening against lists from OFAC, UK HMT, UN, EU, and local UAE authorities.
  • Analyze jurisdictional risk associated with partner entities by reviewing indices such as the Corruption Perception Index, Financial Secrecy Index, Basel AML Index, and FATF lists.
  • Conduct financial analysis of partner entities for banknote arrangements by assessing key financial ratios to determine their financial stability.
  • File Suspicious Activity Reports (SARs) and Suspicious Transaction Reports (STRs) upon detecting suspicious activities or transactions.
  • Update and review policies and procedures to ensure alignment with regulatory standards and industry best practices.
  • Conduct training sessions to update and educate team members on new regulations, ensuring they remain well-informed.
  • Guide the business team on compliance requirements and act as the primary point of contact for compliance-related inquiries.
  • Lead the team of 6 members, ensuring KPIs are met.

Officer Compliance - Corporate Onboarding

FGC Capital - UK (Fintech)
06.2021 - 06.2022
  • Conducted thorough due diligence and risk assessments for onboarding applications from corporate entities, money services businesses (MSBs), and charitable organizations.
  • Periodically reviewed Know Your Customer (KYC) and Know Your Business (KYB) records to ensure the completeness of client profiles, verifying that due diligence was performed following regulatory standards.
  • Assessed mandatory policies, including GDPR and AML regulations, as well as those concerning adults and vulnerable individuals, throughout the onboarding process.
  • Supervised transaction monitoring activities, including payments and deposits, to ensure compliance with established policies, utilizing various AML tools such as Companies House (UK), Credit Safe (UK), and the Office of Foreign Assets Control (OFAC) before taking action.
  • Executed risk scoring for all clients, with particular attention to high-risk clients and politically exposed persons (PEPs), and reported adverse media findings to the Money Laundering Reporting Officer (MLRO).
  • Prepared Suspicious Activity Reports (SARs) concerning transactions and accounts as required.
  • Led the team of 4 to meet department KPIs.

Administration Assistant - Corporate Services Department

Abu Dhabi Commercial Bank
12.2016 - 04.2021
  • Managed the archiving of the bank’s records, including Know Your Customer (KYC) documents, daily activity vouchers, account opening forms, loan documents, and internal records from various branches and departments.
  • Processed retrieval requests from branches and departments for transactions and KYC documentation.
  • Coordinated the transfer of United National Bank (UNB) records to the ADCB vendor for records management, ensuring timely submission of data and reports during the transfer process.
  • Managed inventory of 400+ printed stationery items.

Senior Officer - Asset Operations

Noor Bank
08.2015 - 11.2016
  • Verified and authorized personal finance applications, including non-buyout, buyout, and top-up cases.
  • Ensured daily disbursement of funds for all processed applications.
  • Handled early settlements and loan postponements for customers.
  • Prepared covering letters and guarantee letters for manager cheques.
  • Managed security cheques related to personal finance applications.
  • Coordinated with the back office for file archiving, retrieval, on-demand scanning, and warehouse visits.
  • Awarded the "Management Pat on the Back Award" in July 2016 for exemplary performance.

Document Processor

Back Office FZ LLC
05.2014 - 05.2015
  • Archival and retrieval of KYC documents, transaction vouchers, loan documents of client banks mainly (Ajman Bank, ENBD, EI, Noor Bank & HSBC).

Teller/Customer Services

Allied Bank Limited
04.2011 - 04.2014
  • Transaction processing, Account opening & processing of inward and outward clearing.

Coordinator for Allied Bank Limited, Pakistan

PROLINK Consultant
08.2010 - 03.2011
  • Migration of KYC information from UNIBANK Banking Software into T24 Banking Software.

Education

Masters in Commerce - Commerce

The Islamia University
Bahawalpur, Pakistan
01.2010

Skills

  • KYC
  • Enhanced Due Diligence
  • Client Onboarding
  • Compliance & Risk Assessment
  • Sanctions Screening
  • Adverse Media Search
  • Transaction Monitoring
  • Policy Making
  • Team Bonding

Certification

  • Certified Anti-Money Laundering Specialist - CAMS
  • 48 Hours CPD Trainings on AML & CFT - by Crowe Mak Consulting in 2022, 2023 and 2024
  • Anti-Money Laundering & Terrorist Financing Approaches - by ABM Global Compliance - UK
  • Introduction to Islamic Banking, Development of New Islamic Banking Products - by EIBFS, UAE

Applications/Tools

  • Refinitiv, Credit Safe, OFAC
  • O’Neil, AMS, Edocs
  • T24, OPSAL, IFLEX, NOS

Timeline

Senior Officer Compliance & AML - Onboarding Financial Institutions & Corporates

Al Ansari Exchange LLC
09.2022 - Current

Officer Compliance - Corporate Onboarding

FGC Capital - UK (Fintech)
06.2021 - 06.2022

Administration Assistant - Corporate Services Department

Abu Dhabi Commercial Bank
12.2016 - 04.2021

Senior Officer - Asset Operations

Noor Bank
08.2015 - 11.2016

Document Processor

Back Office FZ LLC
05.2014 - 05.2015

Teller/Customer Services

Allied Bank Limited
04.2011 - 04.2014

Coordinator for Allied Bank Limited, Pakistan

PROLINK Consultant
08.2010 - 03.2011

Masters in Commerce - Commerce

The Islamia University

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Salman Saeed