Hussain Al Owa
AML & Compliance Officer
Riyadh, Saudi Arabia
Email Address: alowa@hotmail.com
Mobile Phone Number: +966.563123780
Website Address: http://sa.linkedin.com/in/alowa
Target Job
Target Job Location:
UAE; Kuwait; Qatar; Saudi Arabia
Target Industry:
Banking; Other
Employment Type:
Employee
Employment Status:
Full time
Personal Information
Birth Date:
23 January 1982
Gender:
Male
Nationality:
Saudi Arabia
Visa Status:
Citizen
Residence Location:
Riyadh, Saudi Arabia
Marital Status:
Married
Number of
Dependants:
2
Driving License:
Saudi Arabia
Professional Experience
May 2011 - Present:
Compliance Communication and Awareness Unit Head
Saudi Hollandi Bank (SHB)
Riyadh, Saudi Arabia
Company Industry: Banking
Job Role: Legal
Managing the Communication and Awareness Unit in
Compliance Department in the following:
- To manage all the bank communication streams with the
regulator and inside the bank.
- To ensure a timely and accurate regulatory reporting.
- To respond on enquiries form the regulator.
- To Conduct and arrange for Compliance, AML and CTF Training.
- To raise the bank staffs awareness level of Compliance, AML and
CTF through various awareness campaigns.
- To establish a Compliance Culture among all bank staff.
August 2011 -
Acting AML & CTF Unit Head
February 2012:
Saudi Hollandi Bank (SHB)
Riyadh, Saudi Arabia
Company Industry: Banking
Job Role: Legal
Managing the AML Unit and its staff in performing all anti Money
Laundering and Combating Terrorism Financing duties. This
includes but not limited to:
- Reviewing all Bank transactions to ensure legal dealing.
- Reviewing all Bank relationships against online sanctions
databases including SAMA, OFAC, and UN.
- Investigation and reporting of suspicious activities to the
authorities.
- Regular reporting of AML status to the senior management and
the authorities.
December 2008 March 2009:
Acting Head of Compliance
Middle East Financial Investment Company
Riyadh, Saudi Arabia
Company Industry: Financial Services
Job Role: Legal
- Handling the Compliance department management.
- Developing the Compliance Program.
- Keeping track with the CMA inquiries.
- Implementing inside procedures and processes to support all
business lines.
May 2008 November 2008:
Anti Money Laundering Officer
Middle East Financial Investment Company
Riyadh, Saudi Arabia
Company Industry: Financial Services
Job Role: Legal
The AML Officer function includes, but not limited to:
- Ensuring compliance with local and international laws and
regulations.
- Reviewing the internal work process of the other departments.
- Reviewing the internal policies and procedures.
- Implementing and administrating an AML monitoring solution.
- Monitoring the investment activities conducted by the company
(i.e. Asset Management) and by the customers (i.e. Brokerage).
- Reporting suspicious activities to the authorities and acting as a
key contact.
- Implementing controls on all internal processes.
- Assessment of business partners AML and Compliance processes
and implementation.
- Conducting and coordinating AML training for concerned staff.
- Insuring awareness of the importance of AML and Compliance.
- Acting as the Compliance Officer coworker and backup.
June 2006 - April
2008:
Information and System Manager
Samba Financial Group
Riyadh, Saudi Arabia
Company Industry: Information Technology
Job Role: Administration
Acting as the AML System Analyst during the system migration
project. This includes:
- Collection and delivery of user requirements.
- Directing User Acceptance Tests (UATs).
- Managing web contents.
- Customization of the system scenarios.
- Reports design and implementation monitoring.
After the end of the project, the tasks handled falls under system
management & administration, as follow:
- Countrywide user support.
- Errors exploration and maintenance.
- Providing user training.
- Managing web content.
- Conducting reports analysis.
- Providing ad-hoc reports and queries.
- Writing and updating the System User Manual and the System
Administrator Manual.
The managed system is the AML Solution provided by SAS Co. It
supports the users countrywide in all the bank's four businesses,
namely, Retail, Corporate, Private, and Investment Banking
Group. Furthermore, the system is planned to serve the new
international banks and branches owned by the group.
March 2005 - May
2006:
AML Reporting Officer
Samba Financial Group
Riyadh, Saudi Arabia
Company Industry: Banking
Job Role: Legal
Task handled include:
- Writing the AML Unit working procedure.
- Reviewing the AML Policy.
- Supervising AML Analysts in all business groups countrywide.
- Handling alerts/notification escalated by the analysts.
- Investigation and reporting of AML Cases the authorities.
- Conducting periodic quality reviews on the AML Analysts work.
- Conducting Customer Transaction Profile (CTP), and Customer
Acquisition Due Diligence (CADD) reviews.
February 2004 August 2004:
Coop Trainee
Eastern Province Chamber of Commerce and Industry
Eastern Province, Saudi Arabia
Company Industry: Business Support
Job Role: Technology
The Coop program is a Cooperative Work period of 28 weeks of
business employment to get practical training in the area of
management information systems with reputable business
organizations. Evaluation is made on the performance on the job,
regular progress reports, and a final formal report and
presentation about the entire coop work experience. A team of
two faculty members including the Coop advisor evaluated the
final report. Grade achieved - ‘A’
The main project entails the analysis, design, and development of
four systems in one integrated platform serving the Human
Resources Department. These systems are:
- Improvement Assignments System.
- Employees Training Courses System.
- Employees Education Completion system.
- Students Training System.
The entire system was developed as an integration between a
dynamic website using MS Access Database and Data Access
Pages (DAP), online forms using MS FrontPage, and a login page
in ASP format.
Education
June 2010:
University of Western Australia, Perth, Australia
Master's degree, Business Information Management
The Master of Business Information Management blends studies in
information systems, management science and decision support
systems so that the student examines advanced issues including
knowledge management, artificial intelligence in business,
information systems strategy and multivariate data analysis
techniques.
This course consists of 12 core units:
• Advanced Topics in Information Management
• Artificial Intelligence in Business
• Business Process Management
• Computer Modeling Applications for Business
• Ethical Dimension of Organizations, Management and
Leadership
• Information Management Research
• Electronic Business
• Logistics and Supply Chain Management
• Multivariate Analysis
• Management of Information Systems
• Information Management
• Project Management (replaced)
In my last semester, I have replaced the Project Management unit
with Marketing Project Unit, a semester-long research, and
resulted in a paper titled: “CASE STUDIES OF ETHICAL SUPPLY
CHAINS: A GIVING VOICE TO VALUES ANALYSIS”.
July 2008:
American Academy of Financial Management (AAFM), Dubai,
United Arab Emirates
Certification/diploma, Certified Compliance Officer (CCO)
Provided by Institute for International Research, IIR Middle East, on
behalf of the American Academy of Financial Management
(AAFM), Certified Compliance Officer is a management program
designed to teach a practical understanding of regulatory
compliance needs. The program covers eight major subject areas
and utilizes a variety of training techniques. The key areas of the
curriculum include understanding the regulatory environment,
who is responsible for compliance, the role of corporate
governance and ethics in compliance programs, and the
implementation of compliance programs. The emphasis is on
practical and pragmatic approaches, rather than theoretical.
May 2007:
Center of Banking & Finance, Samba Financial Group, Riyadh,
Saudi Arabia
Certification/diploma, Financial Statements Analysis - Credit I
This two weeks course illustrates financial statements reading,
analysis, and interpretations in creditor's point of view. The
completion of the course is accomplished through group
exercises, cases, and presentations. It also ends with the
submitting of a credit case and a final exam.
April 2007:
Center of Banking & Finance, Samba Financial Group, Riyadh,
Saudi Arabia
Certification/diploma, Personal Effectiveness
Personal Effectiveness is a 2-day program that is designed to
enhance the participants’ skills on how to take responsibility for
developing and managing themselves and so improve their
professional and personal potential.
After completing this course, I was able to:
- Identify my personal style and my impact on others
- List my key goals and identify steps to achieve them
- Analyze different strategies to deal positively with others and
build effective working relationships
- Use practical methods to reduce stress (in myself and others)
- Use different techniques to increase my self-confidence
- Produce a plan for continuing self-development.
- Analyze my current effectiveness in terms of time and priority
management.
- Identify appropriate situations and techniques for assertive
communication.
- Confidently deal with conflict situations and ‘difficult’ people.
- Consider the most appropriate Influencing style(s) to achieve
positive results.
- Recognize the factors that contribute to building personal profile
and impact.
- Develop a personal action plan to enhance personal
effectiveness at work.
June 2006:
Center of Banking & Finance, Samba Financial Group, Riyadh,
Saudi Arabia
Certification/diploma, Core Accounting
The aim of this course is to show how the effective use of financial
information can improve organizational decision-making. The
course provides a broad introduction to the accounting function
and it examines the design and operation of accounting systems.
By the end of this course, I was able to:
- Apply the analytic skills required in the interpretation of
accounting reports;
- Display the judgmental skills associated with the use of
accounting information in decision-making.
- Develop Technical and computational skills associated with the
production of accounting information.
June 2006:
Center of Banking & Finance, Samba Financial Group, Riyadh,
Saudi Arabia
Certification/diploma, Effective Business Writing
This course teaches practical business writing skills and provides
useful guidelines and tips for developing better-written
communication. After completing the course, I was able to:
- Structure and sequence communication for maximum results.
- Recognize and correct grammatical errors.
- Use punctuation effectively.
- Select the tone language and writing style to suit my audience
and message.
- Write business letters and e-mail messages.
April 2006:
Center of Banking & Finance, Samba Financial Group, Riyadh,
Saudi Arabia
Certification/diploma, International Trade Products
A five-days course in understanding the various risks that are
inherent in contemporary trade finance. The course provides a
wealth of practical information and tools essential for success in
trade finance transactions.
At the end of this course, I had a full working knowledge of:
- A payment, negotiation, acceptance, confirmation and
deferred payment credits
- International documentation
- Standbys and international guarantees
- Back to back, front to back and event-triggered finance
- The mechanics of discounting and factoring
- Pre-shipment and pre-export risk assessment
- International contract financing
- Marketing trade finance - internal and external
April 2006:
Center of Banking & Finance, Samba Financial Group, Riyadh,
Saudi Arabia
Certification/diploma, Cash & Teller Compliance & Control
For a period of two days, this course introduces basic concepts of
laws and regulations to comply with and internal control
procedures to be followed by tellers and cash-area staff in any
banking organization. It illustrates, through real life cases, how the
failure to comply with a simple set of rules can cause a lot of
damage, thus emphasizing to follow the set procedures.
March 2006:
The Institute of Banking (IOB), Saudi Arabian Monetary Agency
(SAMA), Riyadh, Saudi Arabia
Certification/diploma, Basic Investment Certificate (BIC)
BIC is an Investment certificate that is highly recognized by the
banking Industry in Saudi Arabia. It is developed and monitored
by the Investment Accreditation Examination Board, consisting of
representatives from all commercial banks in addition to
representatives from Saudi Arabian Monetary Agency (SAMA)
and The Institute of Banking (IOB).
The objectives of BIC program is to:
- Ensure adequate investor protection
- Enhance professionalism and ethics within the banking
community
- Contribute to the growth and the development of Saudi Capital
Markets
The certification program covers the following topics:
- SAMA Investment Business Regulations
- Principles of Investment
- Investment Products
- Principles of Economics
February 2006:
Center of Banking & Finance, Samba Financial Group, Riyadh,
Saudi Arabia
Certification/diploma, Basic Control
A two-days course which provides an introduction to the basic
internal control procedures in Samba Financial Group various
departments. It also gives an overview of the efforts made and
the precautions that Samba had taken in order to coop with the
various control procedures in various functions of the bank.
September 2005:
The Institute of Banking (IOB), Saudi Arabian Monetary Agency
(SAMA), Riyadh, Saudi Arabia
Certification/diploma, Anti-Money Laundering Course
The three-days course examines issues relevant to the money
laundering and terrorist financing processes. This includes a
consideration of common typologies and case studies in the area
and a consideration of the extent and impact of money
laundering. It provides a critical appreciation of international
initiatives and arrangements to counter money laundering and
terrorist financing. It covers relevant Saudi laws and the
requirements and arrangements for reporting various financial
transactions and the obligations imposed on various entities under
Saudi’s anti money laundering regime. It also includes an overview
of comparative anti money laundering and asset forfeiture
regimes and includes a consideration of legal and policy issues
surrounding anti money laundering, terrorist financing and asset
forfeiture.
September 2005:
Center of Banking & Finance, Samba Financial Group, Riyadh,
Saudi Arabia
Certification/diploma, Immunization
This two-days course is a first introduction to functions of various
departments of Samba Financial Group. It illustrates the
importance of each of the banking areas of the bank and stresses
on the importance of Compliance, AML & CTF, Control, and
Information Security.
January 2005:
King Fahd University of Petroleum and Minerals, Dhahran, Saudi
Arabia
Bachelor's degree/higher diploma, Management Information
Systems
The MIS Program emphasizes the study of Information Systems (IS)
for providing the types of relevant information in support of
operational, tactical, and strategic process in business
organizations. The MIS curriculum is designed to equip students
with the conceptual framework, broad business knowledge,
technical and communication skills necessary for qualifying them
for positions as business systems specialists, business application
developers, IS systems analysts, IS designers, database
administrators, or managers of information services.
After completing the MIS degree successfully, I was equipped with
the conceptual, technical, inter-personal, communication,
collaborative work, and coordination skills to work in:
- The analysis and design of information systems;
- Project management and project management software;
- Business communication and interpersonal skills;
- Database management systems and solutions;
- Modern programming languages;
- Computer networking concepts;
- E-business concepts;
- Designing and developing dynamic Web sites;
- Identifying and resolving ethical dilemmas in IS;
- Working in teams to design, develop and manage complex IS
projects from initial information gathering through final project
implementation.
Elective Courses:
- IT in Society,
- Services Marketing,
- Human Resources Management.
July 2004:
Arabia Gulf Section, AACE International, Eastern Province, Saudi
Arabia
Certification/diploma, Cost Engineering
This course is a preparation program for the AACE-Certified Cost
Consultant or Certified Cost Engineer, a designation recognized
throughout the world. The Certification recognizes “specialists who
meet a demanding set of earned value management criteria by
a rigorous examination, experience, education and ethical
qualifications.”
The course material reflects a commitment to best management
practices, and to a high level of skills and knowledge in the
discipline of cost engineering, value management and
professional ethics.
Career Level
Career Level:
Management
Notice Period to
Work:
1 month or less
Skills
Skill
Skill Level
Information Analysis
Expert
Information Systems Management Intermediate
Years of
Experience
Last Used
More than 5
years
1 month or less
More than 2
years
More than 1 year
Languages
Language
Skill Level
Years of
Experience
Last Used
Arabic
Expert
More than 10
years
1 month or less
English
Expert
More than 10
years
1 month or less
Memberships
Organization
Membership/Role
Member Since
American Academy of Financial
Management (AAFM ™)
Fellow Member
July 2008
AACE International
Student Member
April 2004