Moustafa Mohamed Abd-Elrehim
Anti-Money Laundering & Terrorist Financing Lead
West Somid , 6th october,GZ
Summary
Accomplished Anti-Money Laundering & Terrorist Financing Lead with a proven track record at QNB Al Ahli Bank, enhancing compliance through advanced investigation techniques and regulatory knowledge. Excelled in teamwork and problem-solving, significantly improving risk assessment processes. Holds CAMS certification, demonstrating a commitment to excellence and a results-driven approach.
Overview
14
14
years of professional experience
4
4
years of post-secondary education
1
1
Certification
Work History
Anti Money Laundering & Terrorist Financing Lead
QNB Al Ahli Bank
02.2021 - Current
- Developed comprehensive risk profiles for clients, evaluating factors such as source of funds, country risk, and business activities to determine appropriate monitoring levels.
- Streamlined reporting processes by leveraging advanced data analytics tools for accurate identification of suspicious transactions.
- Supported management in risk assessment, providing valuable insights on potential AML vulnerabilities within the organization.
- Conducted comprehensive research on clients'' financial activities to identify high-risk accounts requiring enhanced due diligence.
- Served as a subject matter expert, providing guidance and support to colleagues on AML regulations and best practices.
- Promoted a strong compliance culture within the organization by actively participating in internal committees and working groups focused on AML-related initiatives.
- Collaborated effectively with cross-functional teams to ensure seamless coordination and communication during AML investigations.
- Review suspicious transaction report
- Prepare annual AML regulatory questionnaires
Anti Money Laundering Senior Officer
QNB Al Ahli Bank
01.2019 - 01.2021
- Create new indicators and amend existing ones based on monitoring requirements.
- Fulfilling and replying tp EMLCU &CBE inquires and requests.
- Coordinating with different business lines (IT-Business analysis &integration teams) regarding the implementation or enhancing GO AML system.
- Evaluate the first line of defense for their quality of feedback for the AML Alerts .
- Conducting money laundering risk assessment for the bank podcasts
Anti-Money Laundering Officer
QNB Al Ahli Bank
10.2015 - 12.2018
- Review all the monitoring reports (Customer Transactions monitoring report – Abnormal Transactions Investigation Reports) and follow up on any suspicious transaction reported by the branches.
- Ensure the implementation of all the rules and regulations indicated in the department's manual throughout the bank.
- Prevent the occurrence of any fraud or money laundering activities either by bank's employees or by third parties.
- Approve transactions related to CBE instructions and procedures requested by Anti Money Laundering
- Combat the occurrence of any fraud or money laundering activities either by bank's employees or by a third party associated with the bank.
- Monitoring "Know Your Customer" and "Due Diligence Process"
- Ensure that all necessary ‘Know your Customer" and the "Due Diligence Processes" are carried out appropriately to
- ensure that all clients meet bank's acceptable standards, and follow up on all the documents associated with such
- activities.
- Monitor the implementation of CBE requirements of KYC.
- Plan and give effective training programs to ensure that bank's employees remain competent during their employment, particularly in the context of understanding changing business or regulatory standards.
- Process and deliver Compliance Reports and AML Reports to concerned entities (CBE & Top Management) on a regular basis.
- prepare STR/SAR/Saved cases
Branch Operations Officer
QNB Al Ahli Bank
04.2015 - 09.2015
- Control and plan various activities of operations within established policies and procedures.
- Monitor and control work flow to improve productivity. Maintain the quality, systems, and structure of the tellers and the financial operations.
- Contribute to the branch profitability through effective operations management and excellent service response to both current and prospective customers.
- Solve unusual problems arising from customers that require good judgment and on-the-spot decisions regarding cash transactions.
- Monitor and analyze branches profitability.
- Analyze branch annual budget profitability in coordination with the Branch Manager.
- Review and/or examine documents presented under different transactions.
- Review and monitor branch expenses and charges. Review internal controls regarding segregation of duties, authorization of entries, opening of accounts, reconciliation, assignment of work, and security of payment systems.
- Recommend new services and procedures. Plan for business unit needs in terms of volume projections, number of accounts, daily transactions, overdraft processing, and different customer statements.
- Maintain coordination with related centers in Head Office specifically Cash Center to ensure efficient fund management.
- Develop and train personnel to assume varied responsibilities in the area of operations.
- Keep knowledge of domestic bank operations to be able to relate the needs of foreign customers with the requirements of domestic operations.
- Act as the compliance officer and money-laundering correspondent of the branch.
- Manage and organize all archiving and filing activities within the branch
- Ensure the correct functioning and implementation of the Permanent Supervision, Compliance and Money Laundering, Operational Risk, and Workplace Success Guidelines whenever and wherever possible.
Relationship Executive-Retail
QNB Al Ahli Bank
06.2013 - 04.2015
- Contributed to the growth of the business by identifying new opportunities and potential clients through market research.
- Enhanced client relationships by consistently providing exceptional service and promptly addressing concerns.
- Maintained regular contact with clients and identified opportunities to deliver added value to client relationships.
- Managed a diverse portfolio of clients, ensuring their financial goals were met or exceeded through personalized recommendations and solutions.
- Coordinated with various departments to resolve complex client issues quickly and effectively, demonstrating excellent problem-solving skills.
- Generated new business leads through direct customer engagement, deploying inbound and outbound marketing tactics and developing and optimizing informative content.
- Maintain the protection of customers' data and the custody of the following items (Proxies , all types of Cards , PIN ,Cheque books in addition to the Hard token related to the internet banking services)
- Guarantee that a professional level of service is offered to all clients who visit the branch (whether recruited in this branch or in others).
- Attract new clients and promote more Bank products, services and packages to existing segmented clients so as to achieve the portfolio target.
- Hold regular meetings with Market Specialists to review the assigned portfolio status.
- Adopt all policies and procedures in order to guarantee that the bank's business is conducted in compliance with Local Laws, Internal rules and regulations, as well as, International Standards.
Bank Teller
National Societe General Bank (NSGB)
05.2010 - 05.2013
- Answered customer inquiries regarding account balances, transaction history, services charges, and interest rates.
- Processed customer transactions promptly, minimizing wait times.
- Balanced cash drawers accurately at the end of each shift, minimizing discrepancies in financial records.
- Educated customers on banking products, enabling them to make informed decisions about their finances.
- Built and strengthened customer relationships by leveraging excellent interpersonal and communication skills.
Education
Bachelor of Commerce, Accounting Dept
Cairo University
Cairo, C 10.2005 - 09.2009
Skills
Microsoft Office
Investigation techniques
Regulatory knowledge
Compliance Training
Audit Support
Internal Controls
Teamwork and Collaboration
Problem-Solving
Time Management
Multitasking Abilities
Excellent Communication
Decision-Making
Document processing
Time management abilities
Effective Communication
Team Collaboration
Active Listening
Team building
Attention to Detail
Relationship Building
Investigation leadership
Analytical Skills
Languages
Arabic, English
Native language
Certification
ACAMS
Timeline
ACAMS
12-2023
Anti Money Laundering & Terrorist Financing Lead
QNB Al Ahli Bank
02.2021 - Current
Anti Money Laundering Senior Officer
QNB Al Ahli Bank
01.2019 - 01.2021
Anti-Money Laundering Officer
QNB Al Ahli Bank
10.2015 - 12.2018
Branch Operations Officer
QNB Al Ahli Bank
04.2015 - 09.2015
Relationship Executive-Retail
QNB Al Ahli Bank
06.2013 - 04.2015
Bank Teller
National Societe General Bank (NSGB)
05.2010 - 05.2013
Bachelor of Commerce, Accounting Dept
Cairo University
10.2005 - 09.2009
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