Muhammad Raheel Rais

1. Onboarding / Existing Reviews of Retail and Business Banking (SME) Clients:

• Details assessment and advisory of high-risk indicia, including PEP, SAR/STR, Adverse Media, Sanctions, High Net Worth, NGO/NPO, Charities, Defense and Dual Goods, Tax Amnesty Scheme, etc.
• To review and advise on High-Risk Indicia as aforementioned, along with the client's profile, Assets Under Management (AUM), name screening matches, adverse media information (production orders of law enforcement agencies, regulators, and the public domain), sanction indicia found in the client's profile, and sanction advisory so concluded, source of income and wealth and its corroboration (evidence), transaction activities analysis, and Unwrapping of Legal Entities for Ultimate or Deemed Beneficial Ownership, etc.
• Correspondence with GPSCU (Group PEP and Sensitive Client Unit) for consultation, as well as notifications on high-risk clients.

2. Review of Wealth-Related Products:

• Day-to-Day Advisory on Wealth-Related Issues from CFCR Perspectives.
• Review of Process Note, Department Operating Instructions related to new and existing procedures.
• Review of the bank's and service providers' documents from a CFCR perspective included, but was not limited to, MID, illustrations, offer letter, CBC, suitability analysis, etc.
• Risk Assessments Review for New Products, Change in Product, Annual Attestations for Senior Management Approvals.
• Review and implementation of new/revised regulations related to wealth solutions.

3. Regulatory Compliance Reviews:

• Review of issues related to risks and residual risk assessments submitted through M7 (identified during the year), as well as advisories on regulatory issues submitted for review through Advisor Connect.
• Risk Compliance Self-Assessment (RCSA) Exercise to be completed annually for risks and residual risk assessments submitted through M7.
• Compliance oversight for civil servants: rules for both physical and digital accounts, including the implementation journey in digital banking.
• Monthly reporting to the AME region for updated status, as well as anomalies observed in WRB space for regulatory issues and trends, compliance, FCC and conduct incidents, country-specific projects, and a summary of assurance reviews.

4. Review of Policies, Standards, and Addendums:

• Details review of policies, standards, and country addendums assigned by senior management, including gap analysis of group documents with local regulatory requirements.
• Coverage of the gaps identified in the Country Addendum.
• Submission of policies for senior management approval for onward submission to the board.
• Socialization, bank-wide, including training and awareness, once the approval is received, etc.

5. Country Subject Matter Expert for Advisor Connect:

• It is an automated system tool of the 'Ask Compliance and Risk Portal' for compliance advisory to all functions of the bank.
• Complete implementation, including UAT, live system testing (UVT), pilot run, bank-wide staff training, bank-wide communication, and socializations.
• Currently, the Country Representative will liaise with the Group Team for ID/Rights Management issues, new feature implementation, etc.

6. Projects:

• PEP remediation for existing clients is conducted as per group directives.
• Review of High-Risk Clients in Roshan Digital Accounts (RDA), and Top 100 Depositors Exercise.

7. Stakeholder Management:

• Supporting and partnering with all stakeholders, including Compliance, Business, and Operations (Wealth, Retail, and Business Banking Segment), for issues and risks related to Financial Crime Compliance, Regulatory, and Group Requirements.
• Ensure providing timely input to senior management on the issues highlighted by the State Bank of Pakistan during thematic or any other inspections.
• Discussion with the Region and Group about the issues identified in the existing as well as upcoming procedures.

Responsibilities include:

• Supervise a team of AML analysts, and assist them in alert handling and other AML-related matters.
• Transactions alerts management, including review, analysis, investigation, and closure.
• Perform quality assurance on a sample basis for the alerts handled by analysts, and assist the team of analysts in STR/SAR reporting.
• Preparation and review of the Data Extraction Plan, including the review of alerts generated on both the Transaction Monitoring System and the Name Filtering Solution.
• To advise and assist relevant stakeholders on AML/CFT-related matters, including but not limited to alerts handling, products, policies, procedures, etc.
• To ensure timely identification, investigation, and preparation of STRs for further review by the TL and AML Head before submission to the FMU on a timely basis.
• Supervising EDD exercises and compliance reviews on high-risk accounts.
• Review of system-related issues and improvements to strengthen the AML Solutions.
• Supervise the updating and monitoring of the lists on name screening solutions.
• Reviewing, updating, and socializing policies, procedures, and circulars from regulators relevant to AML/CFT and sanctions.
• Bank-wide awareness training for AML/CFT to strengthen the compliance culture within the bank.
• Timely support in validating the observations to the MLRO and Senior Management on the issues highlighted by Internal Audit, the State Bank of Pakistan, and International Regulators during inspections, as well as to develop and execute remedial action plans if required.
• To implement continuous improvement strategies in existing AML processes, as directed by the Head of Department.

Responsibilities include:

• Supervise a team of AML analysts, and assist them in alert handling and other AML-related matters.
• Transactions alerts management, including review, analysis, investigation, and closure.
• Perform quality assurance on a sample basis for the alerts handled by analysts, and assist the team of analysts in STR/SAR reporting.
• Preparation and review of the Data Extraction Plan, including the review of alerts generated on both the Transaction Monitoring System and the Name Filtering Solution.
• To advise and assist relevant stakeholders on AML/CFT-related matters, including but not limited to alerts handling, products, policies, procedures, etc.
• To ensure timely identification, investigation, and preparation of STRs for further review by the TL and AML Head before submission to the FMU on a timely basis.
• Supervising EDD exercises and compliance reviews on high-risk accounts.
• Review of system-related issues and improvements to strengthen the AML Solutions.
• Supervise the updating and monitoring of the lists on name screening solutions.
• Reviewing, updating, and socializing policies, procedures, and circulars from regulators relevant to AML/CFT and sanctions.
• Bank-wide awareness training for AML/CFT to strengthen the compliance culture within the bank.
• Timely support in validating the observations to the MLRO and Senior Management on the issues highlighted by Internal Audit and the State Bank of Pakistan during inspections, as well as to develop and execute remedial action plans if required.
• To implement continuous improvement strategies in existing AML processes, as directed by the Head of Department.
• Review and report the CTR (Currency Transactions Report) to the FMU (Financial Monitoring Unit).
• Supervising the review of correspondent banking relationships (existing and new) from an AML/CFT perspective.

Responsibilities include:

• Supervise a team of AML analysts, and assist them in alert handling and other AML-related matters.
• Transactions alerts management, including review, analysis, investigation, and closure.
• Perform quality assurance on a sample basis for the alerts handled by analysts, and assist the team of analysts in STR/SAR reporting.
• Preparation and review of the Data Extraction Plan, including the review of alerts generated on both the Transaction Monitoring System and the Name Filtering Solution.
• To advise and assist relevant stakeholders on AML/CFT-related matters, including but not limited to alerts handling, products, policies, procedures, etc.
• To ensure timely identification, investigation, and preparation of STRs for further review by the TL and AML Head before submission to the FMU on a timely basis.
• Supervising EDD exercises and compliance reviews on high-risk accounts.
• Review of system-related issues and improvements to strengthen the AML Solutions.
• Supervise the updating and monitoring of the lists on name screening solutions.
• Reviewing, updating, and socializing policies, procedures, and circulars from regulators relevant to AML/CFT and sanctions.
• Bank-wide awareness training for AML/CFT to strengthen the compliance culture within the bank.
• Timely support in validating the observations to the MLRO and Senior Management on the issues highlighted by Internal Audit and the State Bank of Pakistan during inspections, as well as to develop and execute remedial action plans if required.
• To implement continuous improvement strategies in existing AML processes, as directed by the Head of Department.
• Review and report the CTR (Currency Transactions Report) to the FMU (Financial Monitoring Unit).
• Supervising the review of correspondent banking relationships (existing and new) from an AML/CFT perspective.

Responsibilities include:

• Supervise a team of AML analysts, and assist them in alert handling and other AML-related matters.
• Transaction alerts management, including review, analysis, investigation, and closure.
• Perform quality assurance on a sample basis for the alerts handled by analysts, and assist the team of analysts in STR/SAR reporting.
• Preparation and review of the Data Extraction Plan, including the review of alerts generated on both the Transaction Monitoring System and the Name Filtering Solution.
• To advise and assist relevant stakeholders on AML/CFT-related matters, including but not limited to alerts handling, products, policies, procedures, etc.
• To ensure timely identification, investigation, and preparation of STRs for further review by the TL and AML Head before submission to the FMU on a timely basis.
• Supervising the quarterly EDD exercise and compliance review on high-risk accounts.
• Review of system-related issues and improvements to strengthen the AML Solutions.
• Supervise the updating and monitoring of the lists on name screening solutions.
• Reviewing, updating, and socializing policies, procedures, and circulars from regulators relevant to AML/CFT and sanctions.
• Bank-wide awareness training for AML/CFT to strengthen the compliance culture within the bank.
• Timely support in validating the observations to the MLRO and Senior Management on the issues highlighted by Internal Audit and the State Bank of Pakistan during inspections, as well as developing and executing remedial action plans if required.
• To implement continuous improvement strategies in existing AML processes, as directed by the Head of the Department.
• Review and report the CTR (Currency Transactions Report) to the FMU (Financial Monitoring Unit).
• Supervising the review of correspondent banking relationships (existing and new) from an AML/CFT perspective.
• Supervise Wiz Card and Omni (products of UBL) compliance.
• Supervise the reporting of SROs (Statutory Regulatory Orders) from SBP (State Bank of Pakistan) related to AML/CFT and sanctions.

Compliance Review of Regulatory Returns:

• Monitor and review the timely submission of returns.
• Monitor and review the returns submitted to the State Bank of Pakistan to identify regulatory gaps, especially on high-risk items.

Responsibilities include:

• Calculation and announcement of daily Net Asset Value (NAV) of Al-MEEZAN Mutual Fund (AMMF) and MEEZAN Capital Protected Fund (MCPF).
• Bank reconciliation of both the funds.
• Checking announcements of book closures and meetings of listed companies from the KSE.
• Weekly report to the Securities and Exchange Commission of Pakistan (SECP).
• Monthly report to the State Bank of Pakistan (SBP).
• Calculation of management remuneration and other adjusting entries.
• Preparation of monthly financial statements.
• Monthly Withholding Tax Statements.
• Finalizing brokerage and CVT payments.
• Other reports to the FBS, SBP, and other government regulations.
• Other special assignments, as given by senior management.