- To contribute to the processing & monitoring of the Bank`s Financial Crime Compliance (FCC) risks and controls and associated reporting matters.
- Support the relevant strategic and business compliance objectives of the Bank.
- Relevant contribution to Transaction Monitoring, Client Acceptance Advisory, Sanctions activities with the aim of developing and promoting a culture of compliance in UAB in line with regulatory expectations and best market practices.
Key Performance Indicators
Ensures compliance with FCC laws and regulations
Contribution to mitigate the risk of enforcement actions and regulatory fines
Contribution to designing processes and structures across the Bank ensuring FCC regulations and policies are clearly communicated to the
management and all staff
Stays abreast with FCC regulatory developments to ensure that relevant changes are being monitored, assessed and embedded accordingly.
Contribution to maintaining fit for purpose FCC policies and procedures
Contribution to conducting AML Risk Assessment on new products/services
Contribution to support engagement and activities related KYC/CDD lifecycle management across all line of Businesses and relationships
Contribution to managing the relevant elements of the Annual Compliance Plan, EWRA and any FCC regulatory submission and reports.
Contribution to supporting the Management on FCC related regulatory engagement matters
Provides FCC comprehensive and adequate input and information to MI, Governance forums, specific FCC related meetings with any stakeholders
Provides relevant FCC input to any reports and submissions
Experience
- 3+ years proven experience in transaction monitoring & sanction screening relevant roles within UAE banking, including compliance risk management
- 5+ years experience in transaction monitoring & sanction screening processing roles within UAE banking industry
Bachelor's degree in the relevant field
- Additional relevant Certifications (ICA, ACAMS) is a must
