Assist Manager Compliance in day to day operations of ECF unit, ensuring compliance to Bank’s AML / KYC policies / procedures and regulatory requirements.
Assist Manager Compliance in supporting the business by providing compliant solutions to regulatory requirements and intervene where necessary to stop a transaction / process / business proposal that is not in line with the regulatory requirement / compliance framework.
The role of the compliance manager is not just restricted to monitoring compliance to statutory regulations / guidance notes issued by the UAE Central Bank & / or other regulatory authorities.
The compliance manager must pro-actively and promptly escalate any critical issues to ensure that the bank is not investigated, charged, fined or publicly castigated by either UAE Central Bank or any other regulatory authority.
Assist Manager Compliance in implementation of compliance initiatives in RBG as may be determined / guided by HO- Compliance from time to time.
Key Result Areas
Maintain ongoing awareness / current knowledge of all applicable internal / external compliance requirements and existing / emerging legal / statutory / regulatory environment identifying any issues that could impact the bank.
Ensure Bank’s internal procedures / policies remain compliant with regulations / changes providing guidance / advice to branch management as necessary.
Assist in maintaining pro-active relationships with business, facilitating timely involvement to ensure compliant solutions to business issues.
Assist in communicating all regulatory notices / circulars to all concerned areas.
Assist in developing / maintaining / updating the Bank’s KYC / AML / Sanctions policy.
Assist in AML / Compliance training programs to all business group staff on an on-going basis as required / necessary to raise awareness and ensure all staff understand their responsibly / obligations with regards to Corporate / AML policies and regulatory / legal / statutory requirements.
Review account opening requests of high risk customers and provide clearance.
Supervise compliance staff and provide necessary guidance and coaching to them on an ongoing basis.
Assist in preparation of all reports / MIS on issues relating to Compliance / AML and ensure that same are provided in a timely manner to Manager Compliance as well as regulatory authority.
Assist in developing and administering the AML reporting network across business group to ensure it is working effectively and propose changes / highlight issues as necessary.
Assist in responding in a timely manner to Compliance / AML related queries / investigations of UAE Central Bank / HO / Other regulators as well as provide expert guidance to branches upon referrals.
Ensure implementation of customer screening through world check and other Negative lists provided by HO / Central Bank UAE across all segments.
Represent compliance in any ad hoc projects as directed by Manager Compliance.
Knowledge, Skills and Experience
Graduate with 7-10 years of banking experience.
Good knowledge and understanding of local regulatory rules and legislation.
Computer literate and good command over spoken and written English.
Good presentation skills.
Efficient and logical approach to problem solving.
Specific and / or transferable knowledge / experience related to compliance / AML / Central Bank regulations.
Audit Fraud and Compliance Group
Feb 2, 2019