Faisal Jamil
Head Financial Crime Compliance Audits
Muscat,Qurrum
Summary
Experienced auditor & compliance officer with 25+ years in retail banking, specializing in compliance audits, retail operations, and financial crime investigations. Proven expertise in enhancing operational efficiency, regulatory compliance, and mitigating risks. Strong analytical skills with a track record of strategic risk management and process improvement.
Overview
18
18
years of professional experience
Work History
Head Financial Crime Compliance Audits
Bank Dhofar
11.2022 - Current
- Led audit teams to ensure adherence to compliance standards across multiple bank locations. Achieved consistent 90% compliance rate with regulatory requirements, minimizing financial penalties.
- Achieved high operational efficiency and regulatory compliance across all audited areas while adhering to strict regulatory standards for compliance, operations, and retail banking 100+ branches.
- Provided assurance for financial crime prevention, focusing on anti-money laundering and sanctions screening, significantly reducing instances of financial crime within bank through effective strategies and controls.
- Provided assurance for Enterprise Wise Risk Assessment, focusing on financial crime risk assessment (FCRA).
- Developed and executed annual audit plans, covering all operational and retail banking risks. Ensured thorough risk coverage and compliance, significantly reducing operational risks.
- Led implementation of MK-Insight Audit Management System, optimizing audit workflows and automating reporting. Enhanced audit efficiency and reporting accuracy, facilitating better decision-making.
- Foster strong relationships with business unit management to enhance communication and collaboration. Improved project completion rates and operational efficiency through effective cross-functional teamwork.
- Conducted over 30 in-depth financial crime investigations, identifying and mitigating risks to protect bank from potential financial losses and reputational damage through effective control implementation.
- Collaborated with external parties, including regulators and law enforcement, to ensure standard compliance.
- Developed and delivered training programs on compliance and financial crime prevention for internal staff. Elevated staff awareness and understanding of compliance and financial crime risks, fostering culture of vigilance.
Head of Compliance & MLRO (Retail & Wholesale)
Habib Bank Limited
12.2019 - 11.2022
- Led system integrations and Safewatch adoption, enhancing Compliance Division efficiency by reducing false positive alerts by 95% through improved remittance screening and customer onboarding.
- Developed and implemented automated Customer Risk Rating Methodology, enhancing risk assessment accuracy and ensuring regulatory compliance.
- Led annual Financial Crime Risk Assessments, identifying key risks and facilitating targeted prevention strategy enhancements.
- Upgraded transaction monitoring by integrating AML/CTF scenarios, achieving full compliance with regulatory standards, and minimizing financial penalties.
- Served as main contact for regulatory activities, including Central Bank inspections and audits, strengthening regulatory relations, and ensuring audit efficiency.
- Conducted comprehensive compliance audits and gap analyses across departments, implementing corrective measures to significantly lower compliance risks.
- Updated and maintained bank policies and procedures in accordance with CBB directives, maintaining high compliance standards, and enhancing regulatory standing.
- Acted as Data Protection Officer, ensuring compliance with Bahrain's Personal Data Protection Law (PDPL) and safeguarding customer data and privacy.
Manager Investigations (FCC) & Audit Assurance
Bank Dhofar
01.2017 - 12.2019
- Conducted over 50 fraud and financial crime investigations, gathering evidence, writing detailed reports, establishing accountability, and managing insurance claims.
- Led compliance audits across 11 departments and over 80 branches, conducting thorough engagements, providing recommendations, and analyzing root causes for systemic improvement.
- Validate evidence and track stakeholders to ensure observations are closed.
- Assess policies and procedures to determine whether there are any regulatory gaps.
- Utilize auditing tools such as SQL, ACLs, and MK-Insight.
- Ensure that Transaction Monitoring System has enough scenario options to counter AML / CFT risks.
- Provide assurance for sanction screening by operations and compliance departments.
Compliance Officer
Doha Bank
12.2008 - 12.2016
- Spearheaded comprehensive compliance reviews, ensuring adherence to regulatory standards and mitigating risk, leading to enhanced regulatory confidence and notable decrease in audit findings.
- Deployed state-of-the-art transaction monitoring and sanction screening systems, reducing false alerts by 90%.
- Streamlined processes for monitoring and updating overdue KYC documents, achieving reduction in backlog and significantly improving compliance with regulations.
- Directed targeted remediation and de-risking efforts for compliance risks, effectively minimizing potential legal and financial exposures, and fortifying risk management practices.
- Assessing policies and procedures, standardizing compliance practices across bank, and achieving significant improvements in compliance audit outcomes.
- Proactively identified and mitigated breaches in Key Risk Indicators, halving risk incidents, and enhancing operational integrity.
- Implemented advanced tracking system for compliance risk assessment. This enhanced bank’s ability to detect and respond to compliance risks, significantly improving regulatory compliance monitoring.
- Utilize advanced business object tools for meticulous off-site monitoring, maintaining 85% compliance rate with regulatory standards, and averting potential breaches
- Designed and delivered innovative compliance training program for bank staff, significantly enhancing compliance culture within organization and leading to high level of staff engagement in compliance activities.
Assistant Vice President (AVP)
Summit Bank
08.2006 - 11.2008
- Ensured accurate and timely submission of all Central Bank returns, maintaining full regulatory compliance.
- Managed financial reporting, budgeting, accruals, and monthly closing activities across over 50 branches, demonstrating strong leadership and organizational skills.
- Performed precise daily, weekly, and periodic reserve reporting to Central Bank, upholding stringent accuracy and enhancing financial stability.
- Prepared detailed fixed asset notes for financial statements, ensuring accuracy and completeness in financial reporting.
- Verified cash in hand and security stationary certificates from branches, reinforcing financial integrity and control.
Skills
- Retail Audits
- Compliance Audits
- Assurance and Advisory
- Fraud Investigations
- Quality Assurance
Timeline
Head Financial Crime Compliance Audits
Bank Dhofar
11.2022 - Current
Head of Compliance & MLRO (Retail & Wholesale)
Habib Bank Limited
12.2019 - 11.2022
Manager Investigations (FCC) & Audit Assurance
Bank Dhofar
01.2017 - 12.2019
Compliance Officer
Doha Bank
12.2008 - 12.2016
Assistant Vice President (AVP)
Summit Bank
08.2006 - 11.2008
MBA - Business Administration
University Of Southern Queensland
Graduate Diploma - Global Business Studies
University of Southern Queensland
BBA - Accounting And Business Management
University of Karachi
Education
MBA - Business Administration
University Of Southern Queensland
Australia 05.2018
Graduate Diploma - Global Business Studies
University of Southern Queensland
Australia01.2016
BBA - Accounting And Business Management
University of Karachi
Pakistan12.2014
Association Membership
- Member of Bahrain Banking Association
- Member of Institute of Internal Auditors
Certifications
- Certified Internal Auditor Part I and II, IIA USA
- PGDip in Financial Crime Compliance, International Compliance Association, Manchester, UK
- Advance Certificate for Managing Sanctions Risk, International Compliance Association UK
- Certified Anti Money Laundering Specialist (CAMS)
- Anti Money Laundering Certified Associate (AMLCA), Florida International University, USA
- Certified Fraud Examiner (CFE)
- Certified Fraud Specialist (CFS)
- Compliance and Risk Management, CBFS
Association Membership
- Member of Institute of Internal Auditors
Projects
- KYC Remediation (01/2020 - 05/2020): Successfully completed KYC remediation exercises.
- Delta Screening (01/2020 - 05/2020): Establish automated delta screening.
- Financial Crime Risk Assessment (01/2021 - 04/2021): Performed bank-wide financial crime risk assessment, identifying key areas for improvement in risk management strategies.
- Real-Time Onboarding Sanction Screening (03/2015 - 05/2015): Implemented an automated sanction screening process.
- Compliance Risk Management (05/2017 - 07/2017): Established and formalized a compliance risk management procedure.
- De-Risking Exercise (01/2016 - 06/2016): Directed a de-risking exercise to mitigate AML/CFT exposures.
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