Naji Osman

P.O. Box ****

Riyadh *****

Saudi Arabia

Mobile (966-********* b6mxmb@r.postjobfree.com Home (966-*-*******

PROFILE SUMMARY:

Experienced professional with a successful career in Banking, Auditing, Compliance and Accounting • Excel at interfacing with others at all levels to ensure organizational goals are attained • Possess excellent interpersonal, analytical and organizational skills • Excel within highly competitive environments where leadership skills are the keys to success.

BANKING EMPLOYMENT:

Middle East Financial Investment Company Saudi Arabia-Riyadh

Head of Compliance and AML February 2009 up to present

• Advise senior management on compliance laws, rules, and standards, including keeping them informed on developments in the area.

• Ensure that all MEFIC’s owners, MEFIC’ management, and MEFIC’s employees are aware of the laws, rules and standards, and they observe their compliance

• Prepare and Implement the compliance programs that set out the planned compliance activities.

• Ensure that MEFIC’s activities are performed in compliance with the Regulation ( SCM Law, SAML Law, SL&W Law, SSI LAW, CMA’s Implementations, Guidelines for Safety & Security ), in order to prevent both risk of breach of rules and risk of reputation, by monitoring the conduct of MEFIC’s business.

• Setup the anti-money laundering and monitoring program

• Liaise with the Governing Authorities concerning the compliance and AML & CTF issues.

• Develop and Implement Chinese Wall, Insider trading, conflict of interest and Staff Personal dealing policy.

• Develop monitoring program for all business lines, Corporate advisory, Underwriting, Asset management Wealth Management and Brokerage Divisions.

• Review and advise MEFIC’s new products.

• Develop training plan, materials and train MEFIC’s staff on AML, Market Conduct and Compliance principles.

• Developed and Manage in coordination with E&Y MEFIC’s Credit Risk Management Department:

o Setting up appropriate templates in place to keep a record of the client’s credit information

o Developed a credit assessment criteria to assess the clients credit worthiness for margin financing

o Developed the policies and procedure to monitor client exposure, collateral valuations, stock volatility and liquidity.

o Identify of risk factors (mainly credit and operational risk) in margin lending activity.

o Calculate mechanism for risk exposure, collateral value.

o Document risk controls in place like trigger levels for exposure limits on client

o Developed reporting requirements and documenting the process to generate regular report for Senior Management. Board of directors and risk reporting process.

Fransi Tadawul (Cheuvreux-Banque Saudi Fransi) Saudi Arabia- Riyadh

Head of Compliance November 2007 – Dec 2008

• Manage the Compliance Department and provide Senior Management with the necessary updates.

• Establish the firm culture of integrity.

• Act as a member and sectary for the Compliancy and Risk Committee.

• Submit monthly to senior management and Quarterly reports to the Compliance and Risk Committee.

• Establish a firm environment that is pro-active in complying with securities regulations both domestically and globally

• Develop written firm policies and procedures to be in compliance with securities regulations and firm policy

• Implement procedures that protect client and firm funds and assets

• Develop internal risk control to protect the financial well being of the firm

• Ensure that firm maintains accurate books and records

• Monitor trading, research, public offerings, communications, marketing.

• Act as a “Trusted Advisor” to Senior Management and assigned business units

• Establish supervisory procedures and ensure they are followed

• Update Employees of firm’s policies, procedures and regulatory changes through Annual Compliance Meetings, Periodic Educational Meetings, Compliance memos

• Periodically meet with Business Unit Management to understand their business and products and determine what their compliance needs are

• Respond to customer and regulatory inquiries accurately and timely

• Conduct surveillance of trading and monitor the activities of traders, salespeople and operational staff

• Investigate allegations of wrong doing in a timely manner and when necessary take appropriate action

• Coordinate on-site regulatory examinations by regulators

• Identify applicable rules and regulations and design gap analysis to comply with

• Identify good compliance business practices and benchmark to the daily compliance process

• Develop internal policy and procedures based on rules, regulations and firm policy

• Develop and im0plenet Fransi Tadawul code of conduct and obtain staff annual acknowledgment.

• Such written procedures should include procedures to detect and prevent insider trading, market manipulation, sales practice abuses, collusive behavior, illegal activity money laundering, front-running,

• Designate a principal to be responsible for overall supervision of each type of business and firm conducts

• Establish Fransi Tadawul Chinese Wall policy and procedures and ensure that it being implemented.

• Review sales literature, advertisements, radio and television presentations, seminar presentations and outgoing correspondence by Salespersons to ensure that they are free of statements that are misleading, exaggerated or based on rumor

• Establish and maintain a customer complaint file, including a record of verbal complaints and adequately investigate such complaints

• Establish and maintain a file of internal disciplinary actions taken against associated personnel.

• Develop and apply Staff personal trading Policy for Fransi Tadawul and Banque Saudi Fransi Group

• Conduct and adequate investigation in coordination with HR into the past activities of persons the firm plans to hire

• Plan and carry on Compliance reviews for the dealing room, investment center and back office.

• Write, develop and implement the AML/CFT based on risk program

• Oversight AML/CFT program and update the internal controls subsequently

• Design and train AML/CFT. Code of conduct and market conduct abuses to Fransi Tadawul staff

• Develop and implement KYC based on risk, CIP, Due Diligence and Enhanced Due Diligence.

• Design risk assessment and assign Risk scoring to Fransi Tadawul Customers.

• Implement monitoring program to oversight any AML/CFT suspicious activities

• Design and Train Fransi Tadawul staff for AML/CFT

• Train Fransi Tadawul staff on market conduct, market abuses

Banque Saudi Fransi (Calyon, Credit Agricole) Saudi Arabia - Riyadh

Senior Compliance Officer (Head of Compliance Control and Training) November 2006 – November 2007

Related to Compliance Control

• Develop a comprehensive Compliance Control Program for ‘qualitative’ and ‘quantitative’ review and validation of all compliance procedures and compliance grids.

- Qualitative reviews involve interviews with the relevant staff to ensure that the compliance requirements were well understood.

- Quantitative reviews require sample testing of transactions / work performed to validate control procedures as defined in compliance grids.

• Chalk out a risk-based schedule of periodic, formal testing of compliance controls in all business lines and divisions.

• Plan reviews by establishing objectives, scope of work, methodology, and obtaining background information about the relevant activities and processes.

• Ensure that the work performed by the CCT does not duplicate the work of Audit Division or external auditors (e.g. working papers, audit techniques, reports).

• Conduct on-site reviews and appraise the processes and systems to determine their adequacy and effectiveness in complying with the applicable laws, rules, regulations, and BSF Code of Conduct.

• Issue a signed, written report after the conclusions and recommendations have been discussed at appropriate levels of management. Reports are objective, clear, concise, and timely. It presents the purpose, scope, and results of the review and contains an expression of opinion of the management of the unit concerned.

• Conduct a follow-up or monitor corrective action plan to determine the adequacy, effectiveness, and timeliness of actions taken by management on the reported findings.

• Maintain proper records of all reviews conducted e.g. working papers, draft and final reports, management response, follow ups, and corrective action confirmations.

Related to Training & Awareness

• Develop annual compliance training plan incorporating specific training needs of staff in consultation with the business lines, divisions, regions, and branches. This includes determination of appropriate delivery channels in alignment with the current and future business strategy (e.g. classroom-based, online, etc.), and selection of different forms of training such as presentations (using special training materials, including videos), distribution of manuals / written materials, and on-the-job training.

• Deliver training and evaluate training effectiveness.

• Arrange / conduct in collaboration with CHR basic compliance awareness training for new hires.

• Keep abreast of market trends and new developments / training techniques.

• Maintain proper records of training conducted e.g. attendance sheets.

• Coordinate issuance of annual compliance policy statement (a reminder by MD) to reinforce the principle that each employee is responsible for compliance and that ignorance of applicable laws, regulations or ethical policies is not an excuse for failure to comply.

• Ensure that any changes in the identities of Compliance resources (e.g. organizational changes) are posted for employees’ awareness on a timely basis.

• Coordinate for updating Compliance Division (CPD) Web Page in the BSF Intranet as and when new policies, procedures, guidelines, or forms are issued, or changes made therein.

Ahli Bank Doha – Qatar

Quality Assurance Manager June 2006 – November 2006

• Undertake additional risk management and corporate governance related tasks as directed by senior management.

• Identify weaknesses and/or inconsistencies in the bank's policies, standards or procedures particularly relating to compliance, corporate governance and risk management recommend changes for approval and facilitate implementations.

• Identify problems and determine appropriate steps to solve them having particular regard to the commerciality of the situation and regulatory requirements.

• Assist in the achievement of continues improvement to business-focused compliance outcomes by requests, and proactively as directed by senior management.

• Assist as required with the development of Bank policy covering compliance related issues, ethics and good governance.

• Assume the role of MLRO.

• Assist senior management and the Compliance Officer to provide technical direction and guidance, within tight timeframes, to areas of the business in order to resolve compliance related problems.

• Make necessary recommendations for action to Management in order to reduce the impact of regulatory action and negative publicity on the bank.

• Provide advice to business on process improvement after taking in consideration regulatory requirement/ restrictions.

• Manage and or/ participate in various operational risk management and regulatory compliance projects as required.

• Conduct due diligence review of public offer documentation (including brochures ands application forms) for accuracy, appropriateness and regulatory compliance.

• Ensure all new and amended products and services are run though a formal product process.

• Recommend changes to internal process and procedures to improve efficiency and allow for more practical compliance and risk management.

• Provide general quality assurance services and support as required by Management.

AMWAL (Financial Planning, Asset Management and Investment Banking) Doha - Qatar

Audit and Compliance Manager January 2005 – June 2006

Internal Audit

• Organize, direct, manage the Internal Audit department and establish risk-based plan to determine the priorities of the internal audit activity within the organization goals.

• Develop and execute the annual audit plan and perform duties necessary to achieve the internal audit objectives.

• Communicate information to and from the Supervisory Committee and the Managing Director regarding the audit function.

• Evaluate each department of the organization periodically to determine if they are performing in compliance with management’s policies, procedures, goals and objectives.

• Evaluate the organization’s system of internal control to ensure that it is functioning as planned and that it is updated as necessary to meet changes in operating conditions.

• Review the existence of company’s assets and assure that proper safeguards are maintained to protect them from losses of all kinds.

• Review the reliability and integrity of financial information and the means used to identify measure, classify and report such information.

• Coordinate the internal audit effort with those of the company’s independent public accountants and act as liaison with regulatory examiners.

• Report the results of audits to the Managing Director, supervisory Committee and

review records actions and plan taken by management to correct conditions reported by audit findings.

• Determine that actions taken are appropriate for the circumstances or initiate further discussions with appropriate management and staff.

• Maintain audit files by documenting the audit procedures used and each of the audit reports completed.

• Investigate forgeries, embezzlements, fraud and any type of losses. Procures all evidence, files applicable reports with insurance and applicable regulatory agencies and works with investigating law enforcement agencies.

Compliance

• Coordinate oversight of the Company’s compliance function to ensure areas of risk are effectively and expeditiously assessed and mitigated.

• Establish standards for maintaining consistency in the application of policies and procedures for compliance with applicable statutes, circulars, policies, procedures, and regulations.

• Assist the company’s by coordinating the interpretation of and compliance with laws, regulations and contract provisions that affect the work.

• Review existing as well as new products, services and procedures to ensure compliance with regulatory authority, Suggests policy and procedure changes or review as appropriate.

• Acting as an advisor or internal consultant to help Managements improve their processes, even where controls appear to be in order.

• Facilitate the development of compliance manuals, training programs, and monitoring/self-assessment programs.

• Interpret the complicated and ever-changing external rules laid down by the regulators.

• Coordinate with the Company finance department to Review the accuracy of the detail in relation to actual expenditure and budgeted expectations.

• Investigate Money Laundering report and compliance issue relating to Due Diligence, Enhanced Due Diligence, Know Your Client (KYC), and Customer Identification Program (CIP).

• With the regard to the AML, conduct initial risk assessment, identify critical data needs, design effective monitoring capabilities, develop and implement effective procedures for investigating potential suspicious activity, develop policies and procedures, establish ongoing comprehensive anti-money laundering training program, develop an anti-money laundering internal audit program.

• Comply with FATF, Qatar Central Bank, Basel and Qatar Financial Center Anti- Money Laundering and Anti-terrorist regulations.

• Proactively act as monitor specialists’ role to look out for other infringements of the rules and regulations to keep the Company operating legitimately.

• Implement and promote corporate governance and ethics' programs within the company.

• Review investment and sales contracts before signing and provide consultations advice when required.

• Check and provide assurance that client profiles are in line with the investment risk matrix.

MASHREQ BANK Doha - Qatar

Senior Auditor/ Compliance and MLR Officer (in charge) November 2002 – August 2003

Internal Audit

• Carryout audit of the branch in an efficient manner and other assignments including investigations, development of products, procedures and systems, and review compliance with statutory rules and regulations. This function needs to independently and a proactive basis examines, evaluates adequacy and effectiveness of internal controls in the branch, to ensure that the assets of the bank are safeguarded and its policies and procedures complied with.

• Exercise vigilance in detecting any violations to local regulations or bank policy and report any wrong doings, misappropriation, miss-reporting etc.

• Recommend to improve internal controls in the bank process.

• Prepare audit plans based on risk evaluation for the whole year and obtain approval from Head Office, Dubai.

• Develop action plans and present for discussion and acceptance at the end of the audit to ensure that appropriate actions is taken to correct the deficiencies and implement recommendations made.

• As an in-house consultant, actively participate in applications systems and product development and provide value-added recommendations to ensure that all systems and products in the branch have appropriate internal controls.

• Review and ensure that statutory reports are sent in accordance with requirements.

• Provide support to Head Office Auditors when they visit the branch.

• Conduct process audits/ reviews of areas as defined in the audit plan.

• Conduct monthly concurrent reviews as required by Risk Review Dept. (RRD).

• Prepare control panel according to the frequency given by RRD.

Compliance

• Monitor compliance to statutory regulations issued by Qatar Central Bank and other guidance issued by other regulatory Authorities.

• Raise early warning to branch and HO in case of non-compliance.

• Ensure that the bank procedures are in alignment to requirements of Qatar Central Bank.

• Instigate and maintain contact with Central bank and other regulatory authorities to ensure a good and healthy working relationship.

• Facilitate and coordinate between the branch and QCB Officers.

• Review new and existing legislations from regulatory authorities and where necessary provide advice and guidance to the Branch Management on requirements.

• Review branch procedures against requirements of regulations affecting the bank to ensure compliance.

• Where deficiencies are detected, report to the Branch Manager and Head of RRD, make recommendations in order to bring procedures into line with requirements and ensure continuing compliance.

• Maintain and update the local compliance manual and that a copy is provided to every staff at the branch.

Money Laundering Reporting

• Ensure the branch is in compliance with the money laundry regulations.

• Provide training relating to prevention of money laundering and performance of money laundering related investigations.

• Where notified of possible cases of money laundering, an investigation must be carried out. Depending on the results of the investigations, formal notification must be made to relevant authority.

• Maintain and update the local “Money Laundering Handbook” and that a copy is provided to every employee at the branch.

QATAR NATIONAL BANK Doha - Qatar

Senior Auditor March 2000- August 2002

• Various tasks pertaining to Retail, Corporate, Investment, Credit and Treasury Audit.

• Co-ordinate the Audit Department activities and monitor progress and quality of reports to be submitted.

• Assess the quality of risk control by Senior Management in a complex and dynamic business environment (analyzing and assessing the quality of business organization and internal controls).

• Promote team building and integration of various nationalities by means of clear exchange of information.

• Supervise, guide and train on job highly qualified Auditors.

• Contribute to the policy preparation with regard to the audit approach.

• Prepare audit programs (checklist to the bank different departments).

• Advise the relevant business areas with respect to risk control effectiveness and efficiency in conducting business.

• Carryout audit of complex nature taking into account the specific characteristics of the products and the interrelations between business areas.

• Participate in various committees in respect of business development as well as automation.

• Carryout special investigations and prepare audit plan and audit reports.

• Review procedures, if and when needed, prior their implementation.

• Carryout special assignments that may be assigned by the Audit Management.

SAUDI HOLLANDI BANK (ABN AMRO) Riyadh – Saudi Arabia

Assistant Auditor December 1997 – March 2000

• Conduct and assisting in the product of operational audit in both audit plan and programs, to assess the quality, adequacy and effectiveness of business controls in all business aspects of the bank kingdom-wide.

• Report outcome of checking to the Auditor and/ or Senior Auditor for their review and further action.

• Document audit findings in working papers.

• Discuss audit findings with Auditor/ Senior Auditor.

• Prepare draft report (findings and recommendations).

• Assist in preparation of annual audit confirmations.

• Carryout special assignments that may be assigned by the Assistant Internal Audit Manager or Internal Audit Manager.

UNITED PARCEL SERVICES(UPS) Riyadh – Saudi Arabia

Accountant March 1997 - December 1997

• Control petty cash and prepare cheques payments.

• Prepare Bank Reconciliation statements.

• Prepare the monthly payroll sheet and Calculate staff overtime.

• Monitor employees related liabilities (payroll deductions, compensated absences, postretirement benefits and bonus agreements).

• Post salaries accrued expense to the General ledger.

• Adjust accrued expense with accruals for JVs pertaining to staff related liabilities.

• Post the month-end JVs to salaries payable and salaries expense.

• Prepare cash flow statements.

• Monitor Fixed Assets.

• Post JVs to the General Ledger and Subsidiary books.

• Generate the monthly Invoices.

• Adjust Trial Balance and Final accounts.

SAUDI SUDANESE BANK Khartoum – Sudan

Banker November 1992 - December 1996

Department Job Assigned

• Current Account Senior Controller

• Settlement and Reconciliation Accountant

• Audit Assistant Auditor

• Documentary Credit L/C Import and Export Officer

• Foreign Exchange Credit Analyst

• Credit Senior Account Officer

AWAD & CO. CERTIFIED ACCOUNTANT Khartoum – Sudan

Accountant January 1992 – October 1992

Handling accounting procedures, audit limited companies and sole trader’s statements.

EDUCATIONAL BACKGROUND:

• Bachelor of Business Studies in Banking, Accounting and Export. Sudan University of Science and Technology (formerly Khartoum Polytechnic). November 1991

CERTIFICATIONS

• Anti-Money Laundering Professional, AMLP. Bank Administration Institute. USA

• Certified Anti-Money Laundering Specialists, CAMS. Association of Certified Anti-money Laundering Specialist. USA

• Sitting for CFSA (Certified Financial Service Auditor) Exam

• Member - Professional Risk Managers International Association (PRMIA)

• Sitting for APRM Certificate (PRMIA)

• Sitting for International Certificate of Banking Regulations and Risk – Global Association of Risk Professionals (GARP)

PERSONAL DATA:

• Name: Naji Osman Al Khidir

• Marital Status: Married

• Nationality: Sudanese

• Languages: Arabic and English (fluently)

• Date of Birth: March 23, 1966

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