Job Purpose
Support Compliance Manager in day to day operations of ECF unit ensuring compliance to
Banks AML/KYC policies/procedures and regulatory requirements.
Maintain ongoing awareness/knowledge of all regulations set by the Central
Bank of the UAE and interpret the same to the relevant units within the organization to ensure adherence.
Role of the compliance officer is to assist business areas to achieve their business goal while adequately addressing compliance related issues so that the bank is not exposed to regulatory reputational or other risks. Extend support to business units by providing compliant and workable solutions to regulatory requirements and intervene where necessary to stop a transaction/process/business proposal.
Support Compliance Manager in implementation of compliance initiatives in RBG – as may be determined / guided by HO- Compliance from time to time.
Key Result Areas
Maintain ongoing awareness/current knowledge of all applicable internal/external compliance requirements and existing/emerging legal/statutory/regulatory environment – identifying any issues that could impact the bank.
Assist the Compliance manager to ensure
Banks internal procedures/policies remain compliant with regulations/changes providing guidance/advice to branch management as necessary.
Assist in maintaining pro-active relationships with business, facilitating timely involvement to ensure compliant solutions to business issues.
Assist in communicating all regulatory notices/circulars to all concerned areas.
Assist in developing/maintaining/updating the KYC/AML policy.
Assist in AML/Compliance training programs to all business group staff on an on-going basis as required/necessary to raise awareness and ensure all staff understand their responsibly/obligations with regards to Corporate/AML policies and regulatory/legal/statutory requirements.
Provide support for the enhanced due diligence process followed on businesses classified as high risk prior to account opening/credit proposals and provide decisions accordingly. Review proposals on high risk relationships especially cases that are escalated to senior management/business group head and ensure that all risks are appropriately highlighted for sign off.
Review the eName checker referrals from branches/enabling functions/operation and provide compliance feedback in accordance with the bank policies/CB regulations.
Review account opening requests of high risk customers and provide clearance.
Supervise compliance staff and provide necessary guidance and coaching to them on an ongoing basis.
Assist in preparation of all reports/MIS on issues relating to Compliance/AML and ensure that same are provided in a timely manner to Manager Compliance as well as regulatory authority.
Assist in developing and administering the AML reporting network across business group to ensure it is working effectively and propose changes/highlight issues as necessary.
Assist in analyzing suspicious transactions reported by units/branches undertake investigations where required and submit STT to UAE Central
Bank in a timely manner with complete and accurate information.
Assist in responding in a timely manner to Compliance/AML related queries/investigations of UAE Central
Bank/HO/Other regulators as well as provide expert guidance to branches upon referrals.
Ensure implementation of customer screening through world check and other Negative lists provided by HO/Central
Bank UAE across all segments.
Provide all required assistance in driving the implementation of SAS AML system for business group. Ensuring any mapping/scenario issues in business group business environment is appropriately resolved in a timely manner.
Maintain ongoing awareness/current knowledge of all applicable internal/external compliance requirements and existing/emerging legal/statutory/regulatory environment – identifying any issues that could impact the bank.
Assist the Compliance manager to ensure
Banks internal procedures/policies remain compliant with regulations/changes providing guidance/advice to branch management as necessary.
Assist in maintaining pro-active relationships with business facilitating timely involvement to ensure compliant solutions to business issues.
Assist in communicating all regulatory notices/circulars to all concerned areas.
Assist in developing/maintaining/updating the KYC/AML policy.
Assist in AML/Compliance training programs to all business group staff on an on-going basis as required/necessary to raise awareness and ensure all staff understand their responsibly/obligations with regards to Corporate/AML policies and regulatory/legal/statutory requirements.
Provide support for the enhanced due diligence process followed on businesses classified as high risk prior to account opening/credit proposals and provide decisions accordingly. Review proposals on high risk relationships especially cases that are escalated to senior management/business group head and ensure that all risks are appropriately highlighted for sign off.
Review the eName checker referrals from branches/enabling functions/operation and provide compliance feedback in accordance with the bank policies/CB regulations.
Review account opening requests of high risk customers and provide clearance.
Supervise compliance staff and provide necessary guidance and coaching to them on an ongoing basis.
Assist in preparation of all reports/MIS on issues relating to Compliance/AML and ensure that same are provided in a timely manner to Manager Compliance as well as regulatory authority.
Assist in developing and administering the AML reporting network across business group to ensure it is working effectively and propose changes/highlight issues as necessary.
Assist in analyzing suspicious transactions reported by units/branches undertake investigations where required and submit STT to UAE Central
Bank in a timely manner with complete and accurate information.
Assist in responding in a timely manner to Compliance/AML related queries/investigations of UAE Central
Bank/HO/Other regulators as well as provide expert guidance to branches upon referrals.
Ensure implementation of customer screening through world check and other Negative lists provided by HO/Central
Bank UAE across all segments.
Provide all required assistance in driving the implementation of SAS AML system for business group. Ensuring any mapping/scenario issues in business group business environment is appropriately resolved in a timely manner.
Knowledge Skills & Experience
Graduate with 3-4 years of banking experience.
Basic knowledge and understanding of local regulatory rules and legislation and various international requirements.
Computer literate and good command over spoken and written English.
Good presentation skills.
Efficient and logical approach to problem solving.
