Al Fardan Financial Services L.L.C                     February 2010 – To Mar 2018
HEAD OF COMPLIANCE  & RISK MANAGEMENT            Reports to Board of Directors 
Authorized from the Securities & Commodities Authority , SCA & CISI– UAE

The Head of Compliance oversees the Corporate Compliance Program, functioning as an independent and objective body that reviews and evaluates compliance issues/concerns within the organization. The position ensures the Board of Directors, management and employees are in compliance with the rules and regulations of regulatory agencies, that company policies and procedures are being followed, and that behaviour in the organization meets the company’s Standards of Conduct.
Compliance with the External rules that are imposed upon an organization as a whole, Compliance with Internal systems of control that are imposed to achieve compliance with the externally imposed rules. 
The quintessential personality of a compliance like Ethical & principled, Fair and modest, Proactive, Due Diligent.

?	Responsible for monitoring the company's performance and report to the board, SCA, DFM and ADX. 
?	Make sure that the process of accounts segregation is accurate and complying with SCA laws.
?	Audit the departments' performance legal wise.
?	Independently handle and manage the compliance & control of Risk Management function of financial services relating to compliance matters as per the regulatory requirements. 
?	Ensure the business is being aligned with the applicable laws, regulations, regulatory rules, as well as the policies.
?	The main purpose is to mitigate the risk of regulatory enforcement actions.
?	Handle financial services daily Compliance activities as per SCA, DFM, and ADX requirements.
?	Responsible for investigating customer complaints and following up on the remedial actions taken for closure.
?	Respond promptly to any request/ inquiry made by regulators, and to act as the main point of contact regarding regulatory matters in financial services.
?	Facilitating the process for regulatory investigations / examinations / external audits and to provide an action plan to assist the business in timely closure of any findings.
?	To provide data/input for the monthly MIS on a timely basis and process the quarter compliance report submitted to BORD OF DIRECTOR & SCA if need it.
?	Process periodic compliance monitoring tasks as per regulatory.
?	To review and update the Compliance Manual and other documents to reflect any change in regulation.
?	Review daily trading operations, and review the financial solvency periodically.
?	Verify of the adequacy and effectiveness of the working capital and the company's ability to repay its financial obligations to customers and third parties.
?	Make sure the company's carry out KYC process for its customers in order to confirm who its customers are, and to ensure that the funds involved in their transactions are originating from legitimate sources and used for legitimate purposes, there are three different types of KYC processes that must be applied based on the ML/FT risk associated with a customer These are:
                                                Customer Identification (CID) Process
                                                Customer Due Diligence (CDD) Process 
                                                Enhanced Due Diligence (EDD) Process
?	Verify the commitment of the company to having enough cash balance to the client in the event of issuance of purchase orders.
?	Monitor the company's commitment to anti-money laundering controls and review the cash deposits.
?	Conduct an audit of evidentiary documents issued or received by the company and signed by the authorized persons.

?	Review of the settlement clearing. 
?	Review calls intermediaries to ensure implementation of the orders as requested by customers. 
?	Prepare the work plan and monitor its implementation. 
?	Audit the receivables and payables to customers and verify that the company collects debts from debit customers. 
?	Make sure that the company sends quarterly account statements to customers. 
?	Participate in the preparation of written rules and procedures of the company. 
?	Contributed in preparing a guide of regulations and instructions of human resources. 
?	Make sure the company's commitment to the principle of "Know your customer" that is to be followed when opening a new account.
?	Check the customers' files and the new account opening agreement and the annex of the documents requested and that the signature was in front of the responsible staff.
?	Establishing and maintaining effective Compliance and anti money laundering policies, procedures, systems and controls in compliance with applicable legislation in the UAE. 
?	Handling any internal suspicious transaction reports and taking appropriate actions following the receipt of such reports, and making external suspicious transaction reports to the Anti Money laundering Suspicious Cases Unit (AMLSCU). And acting as the point of contact to receive internal suspicious transaction reports.
?	Handling any internal suspicious transactions reports (STR) and taking appropriate actions following the receipts of such reports. Determine whether there is sufficient substance to justify reporting to AML Unit for further investigation and raising an STR to designated authorities as per the case.
?	Facilitating the process for regulatory investigations / examinations / external audits and to provide an action plan to assist the business in timely closure of any findings.
?	Reporting on all relevant material or significant breaches, and acting as the point of contact for UAE Authorities and the DFSA regarding Compliance and money laundering issues.
?	Acts as an independent review and evaluation body to ensure that compliance Issues/concerns within the organization are being appropriately evaluated, investigated and resolved.
?	Revise procedures, reports etc. periodically to identify hidden risks or non-conformity issues.
?	Ensuring that process and procedures are sufficient and accurately implemented according to SCA, DFM, and ADX operational policies and regulations
?	Checking and authorising segregation and capital adequacy reports to SCA
?	Reviewing Clients written and recorded buy/sell orders to ensure accurate placing and execution.
?	Receiving, investigation, and resolving clients complaints and conflicts
?	Production, documentation, and approval of the annual Compliance Plan which identifies the principal compliance risks and action plans in the concerned business lines / divisions.
?	Coordinate the implementation of compliance grids ensuring that the responsibilities are clear and that adequate control procedures are in place for all applicable laws, rules & regulations.
?	Monitor changes of applicable laws / regulations that may require revisions to compliance grids, and ensure these revisions.
?	Formalized enterprise policy (Know Your Customer (KYC), Customer Identification Program (CIP)) to ensure systems and processes meet regulatory requirements.
?	Successfully organized and planned quarterly Steering Committee meetings and reporting from various business units domestic
?	Conducted system audits and partnered with key stakeholders, Legal, Business leaders to ensure compliant recertification of Business systems and programs resulting in improved time service.
