Manager, Kyc Edd Team Full Time New
Marc Ellis Consulting
Abu Dhabi, Abu Dhabi, AE
منذ 7 ساعات
source : WHATJOBS

Date Posted : Posted 22 hours ago Location : Abu Dhabi Job Title : Manager, KYC EDD Team Salary : 6000 - 8000 Job Purpose- In accordance with the international Anti-Money Laundering (AML) standards and new AML Regulation of the UAE Central Bank, banks are obliged to perform Enhanced Due Diligence (EDD) on the customers subject ISTR / ESTR filing.

This requirement is applicable to the customers across all business segments in the bank. To perform duties as required in the Risk & Controls function (Group Operations), a centralised KYC EDD team will perform the role of conducting EDD on the clients.

The EDD will be performed on the existing clients of the bank when it will become applicable based on the advice from Group Compliance.

The team will ensure that such EDD reviews are performed within the timelines defined in the CB UAE regulations and banks Policies / SOPs, and necessary due diligence is performed along with obtaining all relevant supporting documentary evidence from the bank customers to meet the internal guidelines and regulatory expectations.

The role and responsibilities also include managing and tracking compliance-initiated client exits in coordination with business and FCC / Compliance teams.

The team will also provide updates to the senior management on the progress and status of KYC EDD reviews and client exits.

Additionally, adherence to the Group AML standards need to be enforced. Key Accountabilities- KYC EDD (all businesssegments) Working for the Risk & Controls (Group Operations) whichwill conduct the following activities : Main Objectives : Manger will act as a support to the Team Leader (AVP) to local KYC EDD team, working both as an individual contributor and guiding the team on day-to-day activities.

Managers objective is to be accountable for the end-to-end KYC EDD process, from the moment advice is received from FCC (Compliance) to conduct EDD on the client, through reviewing existing KYC profile of the client, initiating the EDD, liaising with business, completing KYC EDD forms, analysing the key risks / red flags highlighted by compliance, mitigating the key risks, managing relevant stake holders, and tracking clients exits.

Aligned to business teams he / she will work closely with Business, Compliance and FLOD Operation teams to deliver the service required.

Key Role : Manage Enhanced Due Diligence (EDD) process for the clients where EDD becomes applicable based on the advice received from FCC / Compliance to conduct such EDD reviews.

Ensure that EDD is conducted on the clients in line with the requirements of applicable banks policies / SOPs and regulatory expectations.

Ensure that key risks are properly assessed, highlighted, and mitigated while conducting EDD reviews on the clients to manage reputational and regulatory risks for the bank.

Ensure that EDD reviews are completed within the timelines / turnaround time defined in the CB UAE regulations and applicable banks policies / SOPs.

As part of EDD process, work closely with the key stakeholders. Main stakeholders are Clients, Business, KYC Onboarding, FLOD Operations, TM&R and FCC / Compliance.

Experience in risk management field which include identification, assessment and mitigation of AML / CTF risks. Previous experience of developing relationships by communicating, influencing, and negotiating effectively with business, senior management, consultants, and technical experts across the whole relevant departments / units.

Experience with sound knowledge of the wide range and complex variety of Corporate & Commercial clients and consumer banking clients.

Review KYC files and key KYC information to understand clients risk profile. Be aware of the strategic clients and their longer-term requirements by engaging with the business.

Ensure adherence to all internal policies / procedures and external regulatory requirements at all times Previous experience on transaction analysis by comparing clients account activity with the KYC profile and anticipated level of transactions / account turnover.

Experience of understanding the requirements and queries raised by transaction monitoring team with regards to unusual / potential suspicious transactions carried out by the client.

Ability to review supporting documentary evidence provided by the client and correlate the same with the transactions carried out by the client.

Perform independent analysis of high-risk factors and as an outcome of key risk indicators. Efficiency- Adherence to the escalation matrix.

Experience of understanding the KYC risks and KYC documentation requirements for various types of clients such as consumer banking, corporate and commercial banking clients.

Ability to analyse unusual / potential suspicious transactions taking into consideration clients account activity and KYC profile.

Experience of demonstrating timely follow up and escalations to business through applying strong interpersonal skills. Managing and tracking compliance-initiated client exits in coordination with business and FCC / Compliance teams.

Prioritization maintain the discipline in partnership with the local business. Communicate consistency to internal and external stakeholders to ensure that the cases.

Provide updates to the senior management on the progress and status of KYC EDD reviews and client exits etc. Relationship Management Develop and manage strong working relationships with stakeholders across business lines and supporting functions.

Undertake strong communication with business and other stakeholders. Reporting Ensure MIs for EDD reviews and client exits are maintained.

Ensure exceptions are updated in the relevant tracker and tracked for resolution. Tracker to be circulated to relevant stakeholders on timely basis.

Monitor monthly KYC KRI / KPI reports Interact with other stakeholders and help the KYC teams achieve KIRs / KPIs. MinimumQualification Minimum bachelors degree or higher in management, banking, finance.

Certification in Compliance, KYC / AML / CFT, Financial Crime Compliance (FCC) or risk management (will be added advantage) MinimumExperience Minimum of 3 years of experience in a reputable bank Relevant experience (Compliance / AML / KYC / Transaction Monitoring) with the understanding of Consumer Banking, Commercial and Corporate KYC requirements.

Familiarity with AML / KYC regulations and industry guidelines. Experienced with operating in a global regulatory environment Sound Microsoft Office applications knowledge Pro-active and business oriented with proven ability to prioritize, manage conflicting demands and ability to assess.

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