About the Role
This position is focused on managing the KYC and Onboarding process for new clients, ensuring compliance with both internal policies and external regulatory requirements. The role requires collaboration with various stakeholders to ensure an efficient onboarding experience, while maintaining high standards of customer due diligence and risk management.
Ready to apply for roles like this?
Unlock the company name and direct application link. Subscribers get instant access to fresh jobs across Dubai, Abu Dhabi and Riyadh, many with visa support.
Unlock employer & apply directly
Key Responsibilities
- Manage KYC and Onboarding process for New to Bank Client Onboarding Process along with Periodic & Trigger Reviews in liaison with all stakeholders.
- Ensure all clients are onboarded within the onboarding timelines agreed.
- Verify account opening forms / Swift messages (Banks) have been completed adequately and have been verified.
- Conduct Name screening, due diligence and Adverse Media matches on all associated parties to the entity.
- Liaise with clients and relevant stakeholders on key KYC information and data requirements.
- Undertake independent research via approved public sources.
- Review AML, KYC forms and Sanctions Questionnaires, as applicable.
- Conduct Customer Due Diligence and perform KYC on third party service providers for Corporate and Investment Banking clients.
- Liaise with Approver/Compliance and provide all required documents/information submitted by the client, highlighting key information about the company which may be instrumental in obtaining their approval depending on the risk rating classification.
- Maintain all data in the Alpha system.
- Stay abreast of the latest developing concepts like new regulations from the UAE Central Bank or the legal environment within UAE & international locations & other corporate credit practices.
- Promote appropriate checks and controls within the team to ensure files are processed correctly.
- Adhere to TATs and SLAs.
- Ensure adherence to all internal policies/procedures and external regulatory requirements at all times.
Relationship Management
- Develop and manage relationships with CIB stakeholders across business lines and supporting functions.
- Undertake strong support and communication with both internal & external clients to facilitate efficient client onboarding & offboarding.
- Deliver fair outcomes for customers and ensure conduct maintains the orderly and transparent operation of financial markets.
Reporting
- Ensure information for MI related to CIB Onboarding & KYC is prepared and presented periodically.
- Ensure exceptions are updated in CDD Exception tracker and tracked to resolution.
- Monitor monthly KYC KRI/KPI reports.
- Interact with other stakeholders and help the KYC teams achieve KRIs/KPIs.
Frameworks, Boundaries & Decision Making Authority
- Function within the framework and boundaries of Group policies as well as overall organisational and governance frameworks.
- Authorised to make decisions as per the approved authorisation matrix.
Requirements / Qualifications
- Minimum Qualification: Bachelor’s degree or higher in Management, Banking, or Finance.
- Minimum Experience: Minimum of 5 years of experience in a reputable international bank; Minimum of 5 years of experience within an Onboarding, KYC or Compliance function; Relevant experience (AML/KYC/Compliance related) with understanding of Financial Institutions KYC requirements; Familiarity with AML/KYC regulations and industry guidelines, along with client structure and hierarchies, knowledge of Funds, Brokers, Loan Agencies & Correspondent Banks; Experience operating in a global regulatory environment; Strong Microsoft application knowledge; Pro-active and business oriented with proven ability to prioritize, manage conflicting demands and assess situations effectively.
- Preferred / Beneficial: Certification in Compliance, KYC/AML/CFT, Financial Crime or Risk Management is preferred.
