Assist Manager in monitoring compliance to statutory regulations/guidance notes issued by the UAE Central Bank &/or other regulatory authorities.
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.
Review, assess, and oversee freeze, unfreeze, confiscation, search requests, and other regulatory/LEA cases received through IEMS, CIR/CBR, goAML and relevant channels, ensuring accurate and timely handling in accordance with the AML-RRU SOP and prescribed TATs.
Overseeing end-to-end case management, including quality review, completeness of responses, appropriate escalation, and timely submission to the respective regulatory authorities and LEAs within stipulated deadlines.
Train and provide guidance to AML Unit including complex investigation team.
Manage Team Productivity and meet the required target.
Manage the available resources effectively by creating a well built and dynamic team.
Manage complex investigations within AML Unit by providing guidance on complete quality analysis for the reviewed cases at the analysis stage.
Highlight any key Financial Crimes risk throughout the review and analysis of customers’ account to the senior management in the form of Intelligence / Complex Investigation Reports.
Support MLRO / Delegate for filing STR / SAR with the FIU
Engage with First Line of Defense (Business Segments) and Auditors on matters related to financial crime risks, due diligence and customer relationship management
Graduate with at least 10 years of AML Transactions Monitoring and Investigations experience
CAMS Certified/other recognized certification is a plus.
Market knowledge of IT tools/ software used for AML monitoring system.
Organizational awareness including working knowledge or risks, products, processes, and controls.
Strong knowledge of AML/CFT regulatory requirements, with particular understanding of regulatory and Law Enforcement Agency (LEA) requirements relating to freeze, unfreeze, confiscation, information/search requests and other regulatory directives.
Sound understanding of CBUAE, UAE FIU/goAML and LEA requirements, together with applicable AML/KYC policies, procedures and regulatory timelines.
Good understanding of AML case-management and banking systems, including IEMS, CIR/CBR, goAML, core banking and other relevant investigation/monitoring tools.
Demonstrable experience handling complex and sensitive regulatory/LEA cases, including freeze, unfreeze, confiscation and information/search requests.
Computer literate with good knowledge of MS Excel and Business Object (BO) reports.
Knowledge on Data Management and Data Analytics is a plus.
Excellent command over spoken and written English.
Team player and leader, good communication and inter-personal skills.
Adherer to timelines and ability to work under pressure.
Customer Centric/Focus.
Attention to details & quality.
Analytical thinking and problem solving.
Report writing and presentation skills
Implement AML monitoring procedures & controls. Introduce monitoring scenarios & parameters as appropriate; ensure all customer segments / products / activities are covered within the ambit of the monitoring process.
Provide Head of AML & Sanctions with assurance that all controls required under AML & CTF regulations are embedded within the processes of the bank to avoid any breach and/or establishing relationship with a blacklisted party.
Manage Regulatory inspections of the AML & CTF area. Act as a focal point to the examiners and facilitate trouble-free examination. Ensure implementation/regularization of recommendations, if any, within the agreed deadline(s). Keep HO Compliance updated with the progress.
Maintain bank's AML & Customer Screening system at an optimum level keeping false hits/alerts volume at a reasonable level.
Contribute to development of products, systems, policies and procedures, ensuring appropriate controls for AML & CTF compliance
To handle and provide guidance on AML related queries which are more intricate in nature.
Undertake periodic review or self-assessment of key controls to assess the quality and effectiveness. Conduct Compliance Monitoring periodically to ensure there is no lapse of AML & CTF requirements/policies. Report findings and submit recommendations for corrective action, if required.
Conduct special investigations and/or respond to the Enhanced Due Diligence queries raised by law enforcement agencies and other overseas branches/correspondent banks. Provide feedback (accurate information) within the agreed timelines.
Manage the AML team resources and create positive synergies amongst the team.
Solid/Strong People Management skills are essential. Should be able to manage and control the resources within the team.
Manage the available resources efficiently by creating a well-built and dynamic team.
Evaluate, train and motivate business/operations staff to enhance their skills and knowledge of evolving AML & CTF regulation. Establish and maintain training programs for the unit and for business/ operations in line with latest regulations.
Since the appointment of this role requires a notification for Central Bank 'Approval / No objection', it is the incumbent's responsibility to maintain a cordial working relationship with the Central Bank and also act as the focal point for UAECB National Anti-Money Laundering Agency (FIU).
Graduate with 10-12 years of total banking experience, with at least 5 years of experience in AML Compliance area.
An understanding of how transactions settle globally.
Market knowledge of IT tools/ software used for AML monitoring system.
Good knowledge and understanding of local AML/CFT rules and legislation, and international best-practices/requirements.
ACAMS Certified/other recognized certification
Organisational awareness including working knowledge or risks, products, processes and controls
Computer literate with good knowledge of MS Excel and Business Object (BO) reports.
Good command over spoken and written English.
Good presentation skills.
Efficient and logical approach to problem solving.
Job description provided by Mashreq.
View the original posting
