Job Purpose:
- The Manager - Financial Crime manages the policies and procedures related to KYC & AML-CFT risks (from the regulators - UAE Central Bank and UAE Capital market Authority (CMA) regulations.
- The Manager - Financial Crime contributes to the transaction monitoring framework.
Key Responsibilities:
The role encompasses these key responsibilities:
Policies, procedures & risk assessment:
- Leading the financial crime policy and procedures framework ensuring effective implementation of KYC and AML-CFT policies.
- Update the policies & procedures whenever necessary.
- Contributes to AML risk assessments, ensuring a strong control environment to mitigate financial crime risks.
AML-CFT Transaction Monitoring:
- Contributing to the AML-CFT transaction monitoring framework, advising/managing a team responsible for processing alerts, maintaining and enhancing the transaction monitoring system, and ensuring compliance with regulatory requirements.
- Management of the transaction monitoring team (and advising the first Line of defence team), ensuring timely and accurate review, escalation, and resolution of alerts and suspicious transactions.
- Review Suspicious Transactions and Suspicious Activity for submission to the MLRO.
- Maintain strong engagement with business units to ensure adherence to AML-CFT policies.
Engagement with regulators
- Support the MLRO to engage with the UAE regulators on AML-CFT compliance matters.
- Deliver AML-CFT training and awareness programs across the organization under the MLRO guidance.
Management Responsibilities
- Responsible for distribution of tasks and responsibilities among employees under your supervision: Transaction Monitoring team.
- Supervision of staff's work and tasks, with accountability to ensure delivery of and compliance with tasks.
- Overall responsibility for ensuring employees competence and appropriateness in line with the above, but also responsible for escalating and taking an appropriate course of action in case of non-compliance on the part of the employee.
- Key contributor to achieving EIBank's Emiratisation targets.
