About the role:
Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. We nurture a diverse, inclusive community where every voice is valued.
In this role, you will be part of the Group Compliance & Governance area, an independent function that actively manages risk and monitoring to ensure compliance with applicable laws, regulations, rules, and market standards. The Group creates, implements, and monitors policies and procedures designed to prevent or detect financial crimes and compliance breaches for the Bank, its employees, and clients.
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Key Responsibilities:
- Ensure account opening/Know Your Customer (KYC) documentation is correct and up-to-date, conduct quality client due diligence factoring Anti Money Laundering/Combatting the Financing of Terrorism (AML/CFT) and sanctions risks.
- Liaise with business units and the vigilance and control team to ensure the quality of KYC forms and documents.
- Document on-boarding decisions for reviewed clients, provide advisory for sanctions matches referred by operations and business units, and provide sign-off for account opening for increased risk and Politically Exposed Persons (PEP) customers.
- Conduct risk assessments on reviewed clients, issue advisory/take decisions on new-to-Bank account opening requests, and make decisions on the risk assessment of existing relationships to ensure compliance.
- Review system-generated alerts against customer data, investigate potential money laundering/terrorist financing/sanctions risks, collect documentary proof, and build/maintain case files for suspicious transactions and customers.
- Update relevant Management Information System (MIS) to ensure accurate tracking and record keeping, update internal watch-lists, identify tainted/blacklisted names, and carry out required actions.
- Contribute to reports on Money Laundering Reporting Officer (MLRO)/Deputy MLRO approved Suspicious Transaction Reports (STRs) and respond to Requests for Information (RFIs) from other Banks.
- Close accounts, contribute to reports to Central Bank of the UAE (CBUAE), and update MIS to ensure effective closure of accounts while mitigating risks.
- Implement outcomes for parameter changes in the client on-boarding, AML and sanctions systems, conduct testing for automated solutions, and manage necessary fixes.
- Support projects arising from changes in regulations to ensure remedial actions are completed.
- Provide guidance to employees on actions to take with high-risk accounts and transactions.
- Recommend the formulation of internal policies, procedures, and training materials to support regulatory compliance.
- Adhere to all relevant organizational and departmental policies, processes, standard operating procedures, and instructions.
Ideal Candidate Experience:
- At least 4 years of experience in Banking in Compliance, Branch, or Operations.
- Bachelor’s Degree in Finance, Accounting, Commerce, or Business Administration.
- Proficiency in Microsoft Office (Word, Excel, and PowerPoint).
- Understanding of account opening and customer documentation.
- Knowledge of customer transactions and behaviors.
- Exposure to Banking transactions.
- Understanding of local/international and Central Bank rules and regulatory requirements.
- Familiarity with Banking systems, reports, and workflows.
What We Offer:
- Competitive Salary & Eligibility for variable pay plans.
- Comprehensive Benefits Package: Includes medical insurance, life and personal accident insurance, paid leave and airfare, employee preferential rates on loans and finance facilities, staff discounts, and children education assistance (for certain job levels).
- Flexible and Remote Working Options to promote work-life balance.
- Learning and Development Opportunities through structured courses, e-learning, on-the-job training, and professional development programs.
We are dedicated to creating a respectful, caring, and disciplined work environment that aligns with your career ambitions.
