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The role is responsible for processing the transactions of on-boarding and remediation of all IB & Government customers in UAE.
Ensuring AML & legal risks and accurate detailing before inputting the same into the Bank's relevant systems.
Processing of transactions relating to on-boarding and remediation of around 40k IB & Government customer accounts in the Bank's systems.
Handling an average monthly volume of around 8,400 transactions.
He / She is responsible for complying with approval terms for FAB Head Office, representative offices and international branches in compliance with the approval conditions.
Conducting KYC / due diligence on all IB & Government clients (New & Existing clients)
Onboarding all IB & Government new to bank clients based on the regulatory requirements (UAE) along with the specific product requirements.
Conducting the general screening and checks on the customer which involves screening the background of the company, the shareholders, board member, screening the company for adverse media / fines / enforcement / Foreign & or Local Politically Exposed Persons ( FPEP / Local PEP) using the available online tools ( i.
e. FSK screening and Sanction / adverse media Google screening.)
Liaising with Approver / Compliance and providing all the required documents / information submitted by the client and highlighting key information about the company which may be instrumental in obtaining their approval depending on the risk rating classification.
Maintenance of all data in in Alpha system
Remediation of IB & Government client mandate Files.
Monitor and manage the group email for timely response to queries from internal stakeholders.
Ensure the adherence to Service Level Agreements (SLA).Authorization of on-boarding & maintenance of customers belonging to IB & Government, based on requests received in Alpha from the business in respect of UAE & international locations in line with the local regulations of the respective jurisdictions.
Stay abreast with latest developing concepts like new regulations by the UAE Central Bank or legal environment within UAE & international locations & other corporate credit practices.
To be fully equipped with the knowledge of products and the transaction processes in the bank.
Identify and proactively participate in the transformation process relating to the activities of the unit.
Identify and implement new service improvement opportunities.
Monitor and actively participate in UATs and projects as and when required and provide timely response.
Actively arrange for meetings within IB & Government RMs and with other internal stakeholders in order to provide efficient service delivery.
Act as a back-up for the On-boarding team.
Monitoring and controlling compliance, legal & operational risks for FAB customers.
Contribution to business growth by supporting Internal Stakeholders.
Adherence to TATs and SLAs.
Knowledge & Experience :
Bachelor's Degree in Commerce / Finance. 3-5 years' experience in Investment Banking with at least 3 years' experience in the Account Services.
Knowledge and use of banking software systems, basic PC skills and common MS applications like Excel and Word.
Good knowledge of English language (both written and spoken).
Good knowledge of Bank's financial system.
Very good knowledge of Banking Products / Corporate Credit Administration functions.
Good knowledge of U.A.E. legal environment & Central Bank regulations.
Team worker, ability to work under pressure, fast learner and attention to details.