Zahida Parveen

As a Lead compliance AML analyst, conducting review and analysis of day-to-day alerts ranging from individuals to Companies, and Trade Based Money-Laundering (TBML). My key responsibilities include:

• To review and conduct analysis of alerts generated in SAS in accordance with the AML SOP within the stipulated TAT’s.
• Executed thematic reviews on identified trends.
• Highlighting key financial crime risk throughout the review and analysis of the customers’ account to the line manager and/or Head of Transaction Monitoring/delegate.
• Handling of referrals received from business units as per the policy of the bank’s policy, ensuring no breach of the applicable process guidelines.
• Conducting complex investigation of entities (SME’s and CIBG).
• Review and analysis of alerts pertaining to Trade Based Money-Laundering generated in SAS.
• Provided expert guidance on AML-related matters during internal audits, demonstrating strong knowledge of applicable laws and regulations.
• Conducted comprehensive AML risk assessments to identify potential vulnerabilities and areas for improvement.
• Contributed to the development of company-wide sanctions screening processes, ensuring alignment with regulatory expectations.

As AML analyst, I provide a thorough solution for the bank to successfully comply with AML laws, and to manage complex and multi-faceted nature of AML compliance. My day-to-day role and responsibilities as an AML analyst were:

• To obtain feedback, coordinate and follow up with the Operations team, as part of the AML alert handling on transactions and activity in customers’ accounts as deemed necessary.
• To monitor alerted customer accounts to identify & escalate suspicious transactions and activity to AML Manager.
• To maintain various prescribed AML Alerts MIS, and to assist AML Manager/AML/CFT/Sanctions Unit Head in the preparation of various AML reports.
• To assist AML Manager/AML/CFT/Sanctions Unit Head in the preparation of STRs/SARs for further reporting to the Financial Monitoring Unit (FMU).
• To prepare reporting of Currency Transaction Reporting to the Financial Monitoring Unit through go-AML.
• To assist Business Staff in the matters of AML/KYC and to provide advice on AML-CTF-KYC Polices & Procedures and AML/CFT Regulations as and when required.
• To review and perform assessment of AML system periodically, report system issues related to system performance/ alert generation/ customer demographic issue to AML Manager/AML/CFT/Sanctions Unit Head.
• Development, implementation and testing of branchless banking system (BBS) as per the guidelines and requirements of State Bank of Pakistan.
• Responsible for providing data related to customers and alerts pertaining to branchless banking segment.
• Allocation and follow up of BBS screening alerts to BBS operations team. Closure of high-risk customer alerts on four-eye principle. Filing of STR pertaining to BBS customers.
• In collaboration with digital banking team, we developed new reports related to BBS.
• Identify AML system issue and report to the supervisor. Assist in Transaction Monitoring System (TMU) up gradation/enhancement and conduct require testing for TMS stability.
• To assist the AML Manager & AML/CFT/Sanctions Unit Head and Group Head Compliance in other assignments and delegated activities, as and when required.
• Delivered measurable improvements in compliance standards by regularly reviewing and updating existing policies and procedures in response to evolving regulatory requirements.

The key responsibilities as a general banking officer were:

• Responsible for check book issuance/handover to front staff for delivery to the customer.
• Responsible for ATM card custodianship.
• Responsible for preparing day end and ATM daily reports.
• Responsible for all account maintenance/documentation, scanning of signature cards and forms.
• Ensuring that departmental activities are carried out strictly in accordance with the laid down procedures/processes and SBP Compliance guidelines.
• Managed multiple high-value accounts with diligence, fostering long-term relationships with clients.
• Increased customer satisfaction by addressing and resolving banking-related inquiries and concerns in a timely manner.
• Ensured compliance with banking regulations by diligently adhering to established policies and procedures during daily operations.