Chief Compliance Officer
Allianz pojišt’ovna
Total years of experience :23 years, 4 Months
Highlights:
• Established the compliance function for company operations in Czech Republic - set up the department, hired resources, defined process, and provided comprehensive training to staff.
Key Responsibilities:
• Develop and enforce compliance policies, define key control processes, identify and analyze compliance risk indicators.
• Coordinate with compliance teams for relevant information sharing, and carry out risk assessments.
• Review the regulatory environment consistently; maintain current knowledge of changes in regulations/ legislations affecting business and recommend process changes accordingly.
• Serve as a coordinator with national and local regulatory bodies, ensure prompt and satisfactory response to their queries, along with submission of required documentation.
• Conduct compliance and risk audits, identify non-conformances if any, initiate corrective actions and verify that all non-conformances have been closed successfully.
• Provide advice to top management, shareholders, and employees on compliance issues; ensure company adheres to ethical business practices.
• Provide training to the compliance team with a focus on consistently upgrading their skills and knowledge.
Highlights:
• Conducted audit of the compliance function of company operations in 12 countries to verify regulatory adherence, transparency in operations, financial oversight, and that company policies were being duly followed.
• Led and implemented various projects on compliance such as Anti-money Laundering, Economic Sanctions, and Sales Compliance.
Key Responsibilities:
• Provided training to the local Compliance Officers on legal and regulatory matters, accepted business practices, business ethics, investigating compliance issues and reports generation.
• Encouraged and organized debates and discussions on compliance related topics (of Allianz Group and Regulatory Authorities) for local compliance officers to improve their understanding of issues.
• Conducted workshops on regional compliance issues including corporate governance, business code of conduct, regional laws affecting business, future challenges etc.
• Advised local CEOs on compliance matters, internal controls, governance issues, standardizing procedures, code of conduct, and response mechanisms to compliance violations.
• Established a compliance management program with effective complaint tracking and resolution mechanism that reduces compliance risk.
Highlights:
• Established and oversaw the compliance and risk management functions in India, Sri Lanka and in the MENA that were managed out of the Bahrain office.
• Handled additional charge as Compliance Officer of Allianz Takaful, Qatar and Allianz Risk Transfer (Reinsurance), Dubai.
• Led a successful project for implementation of Actimize Anti-money laundering solutions across Allianz entities in Bahrain, Qatar, UAE, Lebanon, Egypt.
• Member of Allianz SE Compliance Standards Committee (CSC) that set compliance standards and ethics code.
Key Responsibilities:
• As Compliance Representative of the company maintained communication with financial regulatory bodies in the Middle East - Central Bank of Bahrain (CBB), Dubai Financial Services Authority (DFSA), Qatar Financial Centre (QFC); ensured directives given by these authorities were followed.
• Monitored compliance standards Allianz units in the region, oversaw internal controls and assessed their effectiveness, and ensured financial disclosures as mandated.
• Trained staff on compliance issues, fraud detection and investigation measures, flagging dubious transactions and preventing money-laundering.
• Oversaw the corporate governance framework for the region, analyzed risks and developed risk mitigation strategies.
• Conducted operational audits and audits of assets under management, reported any compliance violations to executive leadership and suggested remedial measures.
Key Projects to Credit:
• Carried out a comprehensive review of that Anti-money Laundering application implemented across the group to verify effectiveness (alert quality, truncations analysis time, cost of compliance etc).
• Implemented the Actimize AML solution at Allianz Life, South Korea.
• Instituted compliance function for Allianz Turkey in line with the organization’s policy and regulatory requirements.
• Introduced the compliance certificate concept at Allianz Group.
Key Responsibilities:
• Mitigated risk by ensuring per-clearance of potential business with sanctions & embargoes relevance, maintained awareness of any international financial / trade sanctions against companies/countries.
• Supervised the corporate compliance program, reviewed and revamped policies and procedures to ensure relevance to current requirements.
• Investigated compliance breaches and took corrective actions, identified risks and potential vulnerabilities (legal, financial, regulatory) and provided suggestions to mitigate these.
• Trained employees and staff on compliance standards, ensured adherences to standard financial practices and rules, and was responsible for meeting all compliance reporting requirements.
Highlights:
• Established ‘Competence Office’ in line with the operational roadmap defined of the ZBM (Ziel Betriebsmodel of Allianz Deutschland AG).
• Led various lean six sigma projects with the ZBM project to improve efficiency, remove redundant / repetitive processes, and standardize procedures.
Key Responsibilities:
• Coordinated resources for managing and implementing improvement programs and ensured programs met scope as per budget and deadlines.
• Identified new program initiatives as per business needs, defined objectives, monitored program execution, and evaluated effectiveness of programs/projects.
• Developed budgets and estimate costs for programs/projects, allocated resources, maintained records and documents as reference for future projects.
Key Project to Credit:
• Established the OPUS (Insurance System) Project Manager Network across 30 countries where Allianz had presence; also implemented the OPUS Knowledge Exchange and Sharing Concept.
• As part of the SOX implementation project, formulated and established SOX compliance guidelines (for application management) across the Allianz Group.
• Set up and managed the OPUS system at Allianz Poland.
PREVIOUS ASSIGNMENTS:
• Jan 1998 - Jun 2000 (2 Years 6 Months): Business Analyst, Allianz Versicherungs AG, München
• Sep 1992 - Dec 1997 (5 Years 2 Months): Business Analyst, Bayerische Versicherungskammer, München
• Oct 1987 - Aug 1992 (4 Years 10 Months): Social Worker, Kath. Dioceses of Augsburg and Osnabrück
Thesis Topic: Multinational Companies and Human Rights TRAININGS AND WORKSHOPS: • Aug 2009: Successful participation in Career Development Centre (PE2) – Assessment centre which authorizes to take a leadership position Level 2 • Sep 2007: Successful participation in Assessment centre, (PE3) which authorizes to take a leadership position Level 3
University of Mainz, Mainz Diploma in Theology University Dortmund, Dortmund Studies of Math and Economy