Sheikh Muhammad Waqar

Assistant Manager @ EY (MENA) | FS Risk Consulting | Internal Audit | Risk Management | Financial Crime Compliance | AML/CFT

Karāchi, Sindh, Pakistan

About

I am an experienced an AML/CFT Financial Crime Compliance Risk & Financial Accounts & Audit Professional, bringing over 13 years of dedicated experience to the field which includes 5 years of experience in the accounting and auditing in Liberty Uniforms, further enhancing my comprehensive skill set in Accounting, Internal & External Audit, Internal Control Testing, Risk Analysis, Taxation, Business Management, Strategic Planning, Marketing etc. My association with EY MENA, a Big4 firm, has provided me with the opportunity to excel in critical and technical analysis, as well as to develop strong leadership skills. My practical experience is extensive and includes risk assessment, financial crime compliance, conducting investigations, sanctions screening, KYC/CDD, AML regulatory compliance, reporting, and delivering staff training. I am passionate about effectively achieving the goals and upholding the responsibilities of the institutions I work with.

Experience

  • EY (Full-time · 4 yrs 2 mos)
    • Assistant Manager - Financial Services Risk Consulting - FS Risk / FCC
      Sep 2023 - Present · 2 yrs 10 mos

      EY MENA (Rapid Innovation) Projects/Engagements: • Nayifat Finance Company (Saudia - Finance Company) - Internal Audit Execution (including secondment) •Yaqeen Capital (Saudia - Capital Market Institution) - Internal Audit Execution (including 2 months secondment - Riyadh, Saudia Arabia). • Derayah Financial Company (Saudia - Investment Company) - Risk Management Framework (RMF) - RCSA • Commercial Bank of Dubai (UAE Bank) - Financial Crime Risk Assessment - FCRA (EWRA) • Abu Dhabi Islamic Bank (UAE Bank) - Financial Crime Risk Assessment - FCRA (EWRA) • Commercial Bank of Dubai (UAE Bank) - Sanction Screening - Payment Screening

    • Assistant Manager - Financial Services Risk Consulting - FS Risk / FCC
      Oct 2024 - Nov 2024 · 2 mos

      Yaqeen Capital (Saudia - Capital Market Institution) - Internal Audit Execution - Secondment for 2 months

    • Senior Consultant - Financial Services Risk Consulting - Financial Crime Compliance
      May 2022 - Sep 2023 · 1 yr 5 mos

      EY MENA (Rapid Innovation) Project: Commercial Bank of Dubai (UAE Bank) - Sanction Screening - Payment Screening -> Sanction Screening - Payment Screening working at L2 in a well-known bank of UAE. --> Team Lead – Centralized RFI Desk (May 2023 – Present) • Ensuring all RFIs to be processed/actioned within the TAT. • Ensuring proper RFIs follow up / chaser email have been sent on timely manner. • Ensuring all RFIs have been raised to concern stakeholders. • Scrutinized and ensuring RFIs tracker and all related documentation have been properly maintained. • Resolve and guide the team on all related RFIs queries. • Reporting to bank (client) and Management (Project Lead/Senior Manager) --> Worked as L2 – Checker (July 2022 to April 2023) --> Worked as L1 – Maker (May 2022 to June 2022)

  • Habib Qatar International Exchange Pakistan - Pvt. Limited Official (6 yrs 2 mos)
    • Manager Compliance
      Jan 2022 - May 2022 · 5 mos

    • Compliance Manager & CCO
      Jan 2021 - Dec 2021 · 1 yr

    • Company Compliance Officer (CCO)
      Apr 2016 - Dec 2020 · 4 yrs 9 mos

      • Report to Board of Directors and Management of the company on all matters related to AML/CFT & Risk Assessment. • Design an AML/CFT Compliance Program in line with regulatory AML/CFT requirements for company network (66 branches). • Report and center point of coordinator with State Bank of Pakistan (Central Bank) and competent authorities in all matters/queries related but not limited to AML/CFT, Risk Assessment, SBP’s Survey, Inspection, Regulatory compliance. • Pro-actively handle day-to-day AML and compliance related issues in line with internal AML/CFT policies and procedures. • Undertake financial crime investigation & assessment and report suspicious activities (SAR/STRs) to FMU (FIU) via GoAML. • Reporting of Currency Transaction Report (CTRs) to FMU (FIU) via GoAML. • Effective implementation of Compliance Program, Transaction Monitoring System (TMS), and Sanction Screening procedures in line with the company’s internal AML/CFT policy and regulatory requirements. • Develop AML/CFT Compliance & Fraud Training & Awareness Programs as per the regulatory and MTO(s) requirements. • Develop and exercise Internal Risk Assessment (IRA) considering AML/CFT requirement to assess the risk and vulnerabilities associated with the operations of the company. • Interact and coordinate with Law Enforcement Agencies, Money Transfer Operator (Western Union & Money Gram International), Banks and other corporate entities including international tie-ups related to all the matters/queries of AML/CFT compliance and requirement. • Coordinate with SBP for Regulatory Inspection and Internal Audit for audit of the company.

  • Accounts Executive at Liberty Uniforms
    May 2010 - Oct 2015 · 5 yrs 6 mos

    • Preparation of financial statements, financial analysis, bank reconciliation, cost and sales price statements. • Coordinate in overall internal audit and taxation, sales management & analysis and other business operations. • IT management and control over ERP Finance & Inventory, Payroll and POS controller at head office and in all branches.