Manar Al-Farsi
Associate Bank Examiner
Muscat
Summary
A Forensic Scientist and Criminal Investigation graduate with a diversified career in the banking sector. Upon joining the banking sector in 2018, I discovered a new potential within myself and how I was able to invest my background knowledge in different sectors. During my three years in the fraud team, I have gained so much knowledge in relation to different fraud cases, anti-money laundering, working closely with the ROP, legal team, Public Prosecution and CBO. A keen eye for details was developed along with analytical skills. I have moved to Corporate Banking group in Internal Audit to acquire knowledge and understanding of the credit risk associated with Corporates. I was identified as a High Potential individual by bank muscat and nominated to join Jadara Academy course to expand my knowledge in all areas of banking. I successfully completed the two-year course in February 2020. I currently work in the Central Bank of Oman in the AML/CFT Department.
Overview
6
6
years of professional experience
14
14
years of post-secondary education
2
2
Languages
Work History
Associate Bank Examiner
Central Bank of Oman
11.2022 - Current
- Conducted examination specific to AML/CFT area in banks and leasing companies
- Examined Money Exchange Establishments in AML/CFT exposure
- Reviewed Fintech company operations
- Assisted in writing/drafting circulars and guidelines to the financial sector.
Corporate Credit
Internal Audit Department
04.2021 - 11.2022
- Review and monitor performance of the corporate book
- Review recovery plans for corporate stressed accounts
- Review of collaterals and covenants of corporate customers
- Conduct BM977 regulatory requirement on classification of corporate customers
- Conduct IFRS9 stage allocation and provision levels for the bank’s corporate book
- Review and provide feedback on corporate banking policies, procedures and manuals
- Ensure customer due diligence was conducted through the course of the audit
- Review nature of products, services and transactions offered to corporate customers
- Review size and frequency of transactions to ensure it’s in line with the business operations
- Review risk rating of customer and its assessment.
Fraud Assurance and Investigation
Internal Audit Department
06.2018 - 04.2022
- Helped improve internal controls by evaluating systems and recommending updates
- Identify potential risks from case to case basis
- Helped resolve situations and prevent further frauds of similar nature by recommending corrective and punitive actions via reports and oral presentations
- Elevate staff awareness levels to create the highest possible vigilance
- Coordinated effective investigations by working closely with the ROP and attorneys
- Addressed reported fraud to verify accusations and identify investigation requirements
- Supported findings by collecting documentation, preparing evidence, and documenting statements from witnesses and suspects
- Conducted interviews with suspected staff based on relevance.
Education
Bachelor of Science with honors in Forensic Science and Criminal Investigation -
University of Central Lancashire
01.2012 - 04.2016
General Diploma -
Al Sahwa Schools
01.2003 - 04.2012
Skills
Additional Information
Presented to the Board Audit Committee multiple times., Rolled out AML and Fraud Risk presentations to over a 100 Corporate ARMs., Presented to new staff about Fraud as part of their induction program.
References
Available upon request
Training
- Public Prosecution - Counterfeit Laboratory, Muscat, Oman, 11/2016, 01/2017
- Public Prosecution - Investigation Units, Muscat, Oman, 01/2017, 01/2017
Timeline
Associate Bank Examiner
Central Bank of Oman
11.2022 - Current
Corporate Credit
Internal Audit Department
04.2021 - 11.2022
Fraud Assurance and Investigation
Internal Audit Department
06.2018 - 04.2022
Bachelor of Science with honors in Forensic Science and Criminal Investigation -
University of Central Lancashire
01.2012 - 04.2016
General Diploma -
Al Sahwa Schools
01.2003 - 04.2012
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