Waed Al Hiary
Aml & Fraud Supervisor
Amman
Overview
9
9
years of professional experience
19
19
years of post-secondary education
2
2
Certificates
2
2
Languages
Work History
AML & Fraud Supervisor
Middle East Payments Services (MEPS)
05.2024 - Current
- Supervising systems related to fraud monitoring and international sanctions.
- Amending and updating financial transaction limits on customer and merchant cards to reduce fraud risks.
- Auditing and reviewing customer and merchant agreements after initial approval from the Know Your Customer (KYC) unit.
- Reviewing regulatory disclosures to detect fraudulent financial operations, investigating them, and preparing appropriate recommendations.
- Verifying the authenticity of documents provided by customers and merchants to ensure they are not forged.
- Conducting periodic screening of company clients against international sanctions lists.
- Receiving requests to establish relationships with local and foreign agents, ensuring all requirements are met according to approved business policies.
Senior Consultant - Regulatory and Financial Crimes Compliance
PricewaterhouseCoopers
6 2023 - 05.2024
- 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 antimoney 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
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
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
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
- Keeping pace with money laundering and terrorist financing behaviors, issues, policies, regulations, criminal typologies, industry best practices, and developing trends
- 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 a 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
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. in Finance -
University of Jordan
Amman, Jordan 01.2011 - 04.2015
Jordanian High School Diploma - Information Technology
Al Ra'ed Al Arabi High School
Amman, Jordan 01.1997 - 04.2011
Foreign Account Tax Compliance Act (FATCA) - undefined
Sanctions and Embargo - undefined
Rules to identify the identities of customers for antimoney laundering and Combating the Financing of Terrorism (AML & CFT) - undefined
Team Dynamics and leadership - undefined
Combating Financial Crimes (Compliance with evolving global AML/CFT standards) - undefined
Advanced Anti-Money Laundering (AML & CFT) - undefined
Fraud Risk Analysis in Financial Institutions, Digital Products and Services - undefined
Anti-Money Laundering - undefined
Skills
Certification
Certified Anti-Money Laundering Specialist "CAMS"
Timeline
AML & Fraud Supervisor
Middle East Payments Services (MEPS)
05.2024 - 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. in Finance -
University of Jordan
01.2011 - 04.2015
Jordanian High School Diploma - Information Technology
Al Ra'ed Al Arabi High School
01.1997 - 04.2011
Senior Consultant - Regulatory and Financial Crimes Compliance
PricewaterhouseCoopers
6 2023 - 05.2024
Foreign Account Tax Compliance Act (FATCA) - undefined
Sanctions and Embargo - undefined
Rules to identify the identities of customers for antimoney laundering and Combating the Financing of Terrorism (AML & CFT) - undefined
Team Dynamics and leadership - undefined
Combating Financial Crimes (Compliance with evolving global AML/CFT standards) - undefined
Advanced Anti-Money Laundering (AML & CFT) - undefined
Fraud Risk Analysis in Financial Institutions, Digital Products and Services - undefined
Anti-Money Laundering - undefined
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