Waed Al Hiary
Amman
Summary
A collaborative professional with 8+ years of dedicated experience in Compliance, Anti Money Laundering, Operational Risk, and Fraud. Possessing a certification as an Anti-Money Laundering specialist, I am seeking an opportunity to work in an environment which utilizes the skills and abilities that are demonstrated to be necessary for the duties performed. I'm eager to contribute my creativity and hard work towards the success of the firm I belong to and to the growth of the fast-developing field.
Overview
10
10
years of professional experience
1
1
Certification
Work History
Assistant Manager – AML Investigator, Global Regul
Arab Bank
05.2024 - Current
- Oversee day-to-day operations of the centralized global AML investigative unit, ensuring consistency, accuracy, and timeliness in handling cases across all jurisdictions.
- Perform first-level Enhanced Due Diligence (EDD) reviews for high-risk cases and jurisdictions, ensuring all compliance requirements are met and documented properly.
- Drive continuous improvement by enhancing due diligence procedures and contributing to process automation initiatives. Played a key role in transitioning from Fortent to the Case Management system, aligning processes with strategic objectives for efficiency and performance.
- Actively contribute to system enhancement by participating in vendor meetings and offering feedback that shapes system modifications and aligns functionality with compliance and operational needs.
- Prepare high-quality Suspicious Activity Reports (SARs) and Suspicious Transaction Reports (STRs), accurately reflecting associated red flags, risk indicators, and reportable SAR categories.
- Demonstrate strong case-handling capabilities in managing country-specific compliance tasks, ensuring alerts, QA findings, and Present to Committee (PTC) cases are properly addressed and escalated when necessary.
- Enhance and implement processes for Arab Bank subsidiaries, working closely with regional compliance officers to ensure consistency in AML frameworks.
- Provide structured training sessions for new joiners, delivering in-depth onboarding and mentorship on investigative techniques, red flags, internal systems, and regulatory standards.
- Apply strategic thinking and logical analysis to assess alerts and investigations, ensuring sound judgment in handling complex cases involving potential money laundering or terrorist financing.
- Ensure compliance with the FIU and regulatory inquiries, managing responses and documentation in a timely, accurate manner.
- Support the development of AML Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs), and contribute to the accuracy and timeliness of GoAML reporting.
- Maintain proactive communication and follow-up with Country Compliance Managers to resolve outstanding matters and maintain alignment on AML investigation processes.
Senior Consultant - Regulatory and Financial Crimes Compliance
PricewaterhouseCoopers
Amman
06.2023 - Current
- Offered expert advice and support to registration authorities in UAE, focusing on compliance, Ultimate Beneficial Owners (UBOs), and inspection frameworks.
- Demonstrated a thorough understanding of regulatory requirements and contributed to enhancing compliance processes.
- Conducted in-depth investigations and assessments of alerts to identify and mitigate potential money laundering risks in banks in Saudi Arabia.
- Applied analytical skills to evaluate and address complex financial scenarios and enhanced clients' existing policies and procedures.
- Evaluated internal control and compliance systems, ensuring their effectiveness in combating money laundering, terrorist financing, and fraud.
- Led a comprehensive review of the registration authority's financial crime compliance framework in UAE and covered elements such as risk rating, screening, KYC, CDD, UBO, AML/CTF, and UBO-related inspections. Ensured alignment with UAE government regulations and FATF standards.
- Developed comprehensive policies, procedures, and documents to combat fraud, contributing to major Compliance and Financial Crime reviews.
- Conducted AML gap assessments, identifying areas for improvement and implementing measures to enhance anti-money laundering frameworks.
- Demonstrated expertise in aligning practices with regulatory standards and industry best practices.
- Developed and conducted training material related to AML/CFT and fraud, delivering awareness messages to clients.
Operational Risk Senior Associate
Capital Bank of Jordan
Amman
12.2021 - 06.2023
- Prepare reconciliations report for operating loss accounts.
- Review and update policies and procedures.
- Perform compliance test analysis along with quality assurance for all divisions.
- Raise the awareness of banks' employees by conducting training sessions in terms of managing operational risks.
- Study Incident Reports' cases by providing recommendations to reduce potential and actual losses.
- Review internal audit reports for all divisions and assign the related controls.
- Perform risk analysis for all new products / projects prior to going live with it.
- Prepare Reversal Reports and analyze the root causes whether its human or system error in addition to providing the corrective actions.
AML Senior Associate
Capital Bank of Jordan
Amman
03.2021 - 11.2021
- Monitor all banking operations to ensure compliance with the procedures, instructions and regulations related to Anti Money Laundering and Terrorist Financing.
- Examine the internal control and compliance systems to ensure their effectiveness in combating money laundering and terrorist financing operations, in addition to introducing new and advanced control methods and making sure to implement it effectively and efficiently.
- Respond and study the submitted alerts by bank and branch employees about any suspicious financial movement to track it and ensure that it is not related to cases of money laundering and terrorist financing by collecting the necessary information for it.
- Coordinate with the stakeholders to answer the inquiries of Anti-Money Laundering and Terrorist Financing Unit.
- Receive and extract daily and periodic reports related to AML through the banking system and Create AML scenarios for the alerting system.
- Prepare daily and periodic reports for Anti-Money Laundering and Terrorist Financing Unit and Money Gram.
- Studying and leading AML special projects (Car dealers, Non-Profit Organizations and Exchange companies).
AML & CFT Officer
Audi Bank
Amman
10.2016 - 02.2021
- Investigate and assess alerts for potential money laundering risks in the bank.
- Daily assessment of AML and SWIFT reports for potential suspicious activity.
- Undertake due diligence reviews and Know Your Customer (KYC) reviews and Conduct regular screening, transactions monitoring, and accounts financial analysis in addition to sanctions and terrorist name searches.
- Perform due diligence on prospective client relations and prepare suspicious activity reports.
- Monitor financial transactions for new accounts to assure its consistency with the information provided.
- Monitor incoming and outgoing transfers for account holders in accordance with risk-based approach.
- Support reviews and registration of high-risk clients in accordance with local regulations and internal requirements.
- Review Cash Transaction Slip (CTS) exempted clients on yearly basis.
- Respond to the received letters from CBJ and Anti Money Laundering and Counter Terrorist Financing Unit (AMLU).
Compliance & AML Officer
National Bank of Kuwait
Amman
10.2015 - 09.2016
- Maintain database and tracking sheets for all the compliance related exceptions issued by Central Bank of Jordan (CBJ) inspectors, auditors, and Compliance division.
- Support head of compliance in providing guidance to the branches by preparing the compliance manual in accordance with the local regulatory guidelines.
- Receive the client's complaints and follow up with the concerned divisions to close it.
- Respond to CBJ and AML unit letters.
- Collect appropriate forms from clients to comply with Foreign Account Tax Compliance Act (FATCA) regulations.
Education
BSc. - Finance
University of Jordan
Amman, Jordan01.2015
Jordanian High School Diploma - Information Technology stream
Al Ra'ed Al Arabi High School
Amman, Jordan01.2011
Skills
- Microsoft Office
- Excel
- Word
- PowerPoint
- Teamwork
- Time Management
- Communication Skills
Certification
- Certified Anti-Money Laundering Specialist "CAMS"
- Training of Trainers "TOT"
Languages
- Arabic, Mother tongue
- English, Excellent
Accomplishments
- Combating Financial Crimes (Compliance with evolving global AML/CFT standards).
- Advanced Anti-Money Laundering (AML & CFT).
- Foreign Account Tax Compliance Act (FATCA).
- Sanctions and Embargo.
- Team Dynamics and leadership.
- Rules to identify the identities of customers for anti- money laundering and Combating the Financing of Terrorism (AML & CFT).
- Fraud Risk Analysis in Financial Institutions, Digital Products and Services
Timeline
Assistant Manager – AML Investigator, Global Regul
Arab Bank
05.2024 - Current
Senior Consultant - Regulatory and Financial Crimes Compliance
PricewaterhouseCoopers
06.2023 - Current
Operational Risk Senior Associate
Capital Bank of Jordan
12.2021 - 06.2023
AML Senior Associate
Capital Bank of Jordan
03.2021 - 11.2021
AML & CFT Officer
Audi Bank
10.2016 - 02.2021
Compliance & AML Officer
National Bank of Kuwait
10.2015 - 09.2016
BSc. - Finance
University of Jordan
Jordanian High School Diploma - Information Technology stream
Al Ra'ed Al Arabi High School
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