Sarfraz Gill
Dubai,UAE
Summary
Over 17 years of diversified experience in Banking & Finance industry with direct experience in Financial Crime Compliance, Risk Management, Internal Audit, Anti-Fraud, Consumer Fraud, Internal & External Vigilance, Code of Ethics and Conduct, Anti Bribery and Corruption, Legal Units and Customer Relations, have excellent communication and presentational skills, self-motivated with strong determination to succeed and achieve organizational goals, equally comfortable in working with teams or handling individual assignments.
Overview
17
17
years of professional experience
1
1
Certification
Work History
Chief Compliance Officer
Orient Exchange Co. (L.L.C.)
Dubai, UAE
06.2010 - Current
- Working with Orient Exchange Co. (L.L.C.) since June 9, 2010
- Develops initiates, maintains, and revises policies and procedures for the general operation of the Compliance Program and its related activities to prevent illegal, unethical, or improper conduct
- Manages day-to-day operation of the Program
- Develops and periodically reviews and updates Standards of Conduct to ensure continuing currency and relevance in providing guidance to management and employees
- Monitors, and as necessary, coordinates compliance activities of other departments to remain abreast of the status of all compliance activities and to identify trends
- Identifies potential areas of compliance vulnerability and risk; develops/implements corrective action plans for resolution of problematic issues, and provides general guidance on how to avoid or deal with similar situations in the future
- Provides reports on a regular basis, and as directed or requested, to the Compliance Committee and the Board of Directors on the effectiveness of operation and progress of compliance efforts
- Ensures proper reporting of violations or potential violations to duly authorized enforcement agencies as appropriate and/or required such as Financial Intelligence Unit (FIU) and all the Emirates Police departments
- Reporting of Suspicious and unusual transactions to Financial Intelligence Unit (FIU)
- Establishes and provides direction and management of the compliance Hotline
- Institutes and maintains an effective compliance communication program for the organization, including promoting (a) use of the Compliance Hotline; (b) heightened awareness of Standards of Conduct, and (c) understanding of new and existing compliance issues and related policies and procedures
- Works with the Human Resources Department and others as appropriate to develop an effective compliance training program, including appropriate introductory training for new employees as well as ongoing training for all employees and managers
- Monitors the performance of the Compliance Program and relates activities on a continuing basis, taking appropriate steps to improve its effectiveness
- Planning, designing and implementing an overall risk management process for the organization;
- Risk evaluation, which involves comparing estimated risks with criteria established by the organization such as costs, legal requirements and environmental factors, and evaluating the organization's previous handling of risks;
- Establishing and quantifying organization's 'risk appetite', i.e level of risk they are prepared to accept;
- Risk reporting in appropriate way for different audiences, for example, to board of directors so they understand most significant risks, to business heads to ensure they are aware of risks relevant to their parts of business and to individuals to understand their accountability for individual risks;
- Conducting audits of policy and compliance to standards, including liaison with internal and external auditors;
- Providing support, education and training to staff to build risk awareness within organization
- Reviewing Internal Audit Reports and identifying, describing and estimating risks affecting business
- Correspondent Banking relationships, review on banks and exchange houses tie-ups
- Providing assistance to external auditors during annual AML/CFT Compliance assessment
- Employees Training, (AML/CFT Compliance, Sanctions Compliance, Fraud Risk Management, Whistle Blowing, Code of Ethics and Conduct, Anti Bribery and Corruption)
- Regularly interpreted legislation to advise team on necessary implementation advice.
- Ensured company policies are implemented and adhered to regulatory requirement.
- Maintained accurate and detailed compliance records.
- Created policies and programs to encourage managers and employees to report suspected transactions and other improprieties without fear of retaliation.
- Identified potential areas of compliance vulnerability and risk to develop and implement corrective action plans.
- Scheduled and conducted evaluations of company policies, procedures and internal control structures.
- Enhanced accountability and responsibility for compliance by allocating tasks such as assessments, mitigation, monitoring and auditing.
- Provided guidance, advice and training to improve compliance' understanding of related laws and regulatory requirements.
- Implemented improvement initiatives and developed compliance testing program to monitor and identify gaps in new and existing practices.
- Developed and implemented internal control tests to verify employee compliance with established policies and procedures.
- Established and cultivated productive relationships with regulatory bodies.
- Enhanced regulatory, strategic and operational performance to keep in alignment with deadlines.
- Wrote and presented reports outlining findings and recommendations from compliance audits.
- Counselled committees and department heads regarding compliance risks and standards.
Relationship Manager
NIB Bank Ltd
Lahore, Pakistan
03.2008 - 05.2010
- Comply and adhere to Bank KYC Policy & AML /OFAC policies & procedure
- Maintained a working relationship with the business line
- Ensure acquiescence with compliance standards and regulatory requirements
- Identify compliance risks from business line and manage them by providing training, advice, testing and monitoring
- Carry out compliance planning for business line
- Make sure that systems and Anti Money Laundering (AML) processes meet the requirements of regulatory
- Implemented specific measurements and monitored business activities as necessary
- Carry out ad- hoc projects and prepared period reports to management
- Converted leads with consultative sales approach.
- Scrutinized clients' business records, finding opportunities to improve performance.
- Conducted in-depth client visits and periodic business reviews.
- Identified at-risk clients, taking necessary action to maximize retention.
- Advised customers on product upgrades and rollouts.
Relationship Officer
United Bank Limited
Lahore, Pakistan
10.2006 - 02.2008
- Worked being as Relationship Officer
- Site visit to the customer premises
- Provided guidance and directions for special back-end reviews.
- Helped in development and management of the bank enterprise-wide compliance management.
- Organize document requests and compliance information for compliance examinations.
- Regularly updated compliance programs or roadmaps offering details about Bank activities and regulatory requirements to ensuring compliance with the regulations.
- Assessed current processes to maximise opportunities for customer satisfaction.
Education
Bachelor of Commerce - Banking & Finance
University of The Punjab
Skills
- Financial Crime Compliance Expert
- ML/TF Risk Assessment
- Risk Appetite Assessment
- Implementing policy and procedure
- Ability to assess compliance vulnerabilities and risk
- Investigations skills
- Staff Management
- Staff training
- Risk management
- Report writing
- Interview techniques
- Compliance testing knowledge
- Correspondent Banking Due Diligence Review
- Internal audit execution
- Fraud investigations
Certification
Certified Fraud Examiner (CFE)
Participation Being as Speaker
- FinTech Connect - Transact Secure MENA 2015 held on 24th – 25th February 2015 at The Address Dubai Marina- Dubai, UAE
- Regulatory Compliance for Exchange Houses organized by EastNets on April 05, 2016 held at Shangrila Hotel - Dubai, UAE
- AML Standardization Manual Launch & Open House organized by FERG on January 24, 2018 held at Steigenberger hotel, Business Bay, Dubai- UAE
- Participated being as Speaker at Legal Week's Corporate Counsel Forum Middle East 2018 organized by ALM Events on April 19, 2018 at The Ritz-Carlton JBR, Dubai – UAE
- Anti-Money Laundering & Ops Head Meet 2019 organized by FERG on March 31, 2019 held at Steigenberger hotel, Business Bay, Dubai- UAE
- 10th Annual Financial Crime Summit 2022 organized by FERG on June 21, 2022 held at Shangri-La Hotel, Sheikh Zayed Road, Dubai, UAE
- 11th Annual Financial Crime Summit 2023 organized by FERG on 18th May 2023 held at Conrad Hotel, Sheikh Zayed Road, Dubai, UAE
- Neilsonsmith Sanctions Compliance for Banking & Finance in the UAE, 29-30 of May 2023, Abu Dhabi, UAE.
- FERG 1st Techno Meet'23 organized by FERG on June 14, 2023 held at Shangri-La Hotel, Sheikh Zayed Road, Dubai, UAE
- RemitLink 2023 Conference organized by Dellsons Associates UAE held on October 12, 2023 at t the Pakistan Association Dubai (PAD)
- Authorized AML/CFT Trainer at The Foreign Exchange and Remittance Group (FERG)
Accomplishments
- FSVC's Workshop to Identify, Analyze and Evaluate the ML/TF Risks in the MSB Sector held on 16th October 2017 at Central Bank of The UAE, Dubai- United Arab Emirates
- Technical Workshop for the Remittance Reporting System (RSS 2.0) held on 10th October 2018 at Central Bank of The UAE, Abu Dhabi - United Arab Emirates
- Workshop on “Preparing MENAFATF Member Countries to the Second Round of the Mutual Evaluation” held on 10th December 2018 at Central Bank of The UAE, Abu Dhabi- United Arab Emirates
- Workshop on “Preparing MENAFATF Member Countries to the Second Round of the Mutual Evaluation” held on 10th December 2018 at Central Bank of The UAE, Abu Dhabi- UAE
- Inaugural Exchange House Industry Forum held on 14th March 2019 at Central Bank of The UAE, Abu Dhabi- United Arab Emirates
- The 2019 National Summit on Counter Terrorist Financing and Sanctions, hosted by the Central Bank of the United Arab Emirates (CBUAE) on 17th & 18th November 2019 at Abu Dhabi, UAE
- 10 days virtual training program on Counter Proliferation Finance delivered by King's College London- 11th Oct to 22nd Oct 2020
- Webinar on UAE - Targeted Financial Sanctions & Countering Proliferation Financing System on 1st November 2020.
Seminars and Trainings Attended in the United States of America and Europe
- RBI's Vienna Cash Management Days from 28th and 29th June 2012 at Raiffeisen Bank International, in Vienna-Austria.
- OFAC 2014 Sanctions Symposium at the Walter E. Washington Convention Center in Washington, DC, United States of America.
- DB Global Transaction Banking Seminar from 19th -22nd May 2014 at Deutsche Bank, New York, USA.
- OFAC 2015 Sanctions Symposium at the Walter E. Washington Convention Center in Washington, DC, United States of America
- DB Global Transaction Banking Seminar from 16th -19th May 2016 at Deutsche Bank, New York, USA.
- OFAC 2016 Fall Symposium at the Walter E. Washington Convention Center in Washington, DC, United States of America.
- OFAC 2017 Fall Symposium at the Walter E. Washington Convention Center in Washington, DC, United States of America.
- OFAC 2019 Fall Symposium at the Walter E. Washington Convention Center in Washington, DC, United States of America.
Additional Information
- Achievements: , Employee of the month ended 31st August 2008 at NIB House Branch Lahore
- Employee of the year ended 31st December 2011 as” Multi-Tasking” at Orient Exchange Co. (L, .L.C.)
Affiliations
- Member of Association of Certified Anti-Money Laundering Specialists- ACAMS
- Member of Association of Certified Fraud Examiners- ACFE
- AML Sub-Committee - The Foreign Exchange and Remittance Group (FERG)
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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Quote
There is a powerful driving force inside every human being that, once unleashed, can make any vision, dream, or desire a reality.
Tony Robbins
Timeline
Chief Compliance Officer
Orient Exchange Co. (L.L.C.)
06.2010 - Current
Relationship Manager
NIB Bank Ltd
03.2008 - 05.2010
Relationship Officer
United Bank Limited
10.2006 - 02.2008
Bachelor of Commerce - Banking & Finance
University of The Punjab
Certified Fraud Examiner (CFE)
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