AVP- Compliance (UAE National)

Job Description

JOB PURPOSE: To perform analysis of Customer data and transaction for deploying right detection scenarios in AML system with appropriate segmentations and thresholds for the Group, periodic Tuning of AML system to improve the quality of alerts, risk analysis, intelligence and investigations and periodically prepare management information reports to defined stakeholders.KEY ACCOUNTABILITIES: Job Specific AccountabilitiesPolicies, Systems, Process & Procedures

• Follow all relevant departmental policies, processes, standard operating procedures, and instructions so that the work is carried out in a controlled and consistent manner.

Continuous Improvement

• Support the Compliance Technology, Data and Reporting Department in identifying continuous improvement and sustainability improvement opportunities for the related systems, processes and practices.
• Support in implementation of the AML Group compliance systems Road map as agreed with the Compliance management and keep Head of AML System Tuning, Project Lead & Head of Compliance Technology, Data and Reporting updated.
• Ensure & Manage proactive steps are taken to work with Group IT and other stakeholders of the compliance system projects to draw BRD/FSD to ensure fit for business compliance AML systems are designed.
• Perform AML compliance mandated projects and coordinate with relevant stakeholders to ensure its smooth and proper delivery and provide periodic status update to Head of AML System Tuning, Project Lead & Head of Compliance Technology, Data and Reporting.
• Ensure comprehensive SIT/UAT is carried out including negative testing for every project with relevant resources and ensure successful completion.
• Deliver relevant user training to all the affected users to ensure smooth go live.
• Co-ordinate all relevant AML compliance system changes required in the existing platform as per business requirements as change requests with Group IT setting timelines, creating programme structures and installing/updating systems architecture where appropriate to support compliance capabilities for major changes.
• To ensure proper fit for purpose Detection Scenarios are deployed for the Group with required segmentation and threshold as per agreement with Head of AML Tuning/MLRO and to work on continuous tuning to improve the quality of alerts.

Technology

• Assist in producing procedures and processes aligned to Group Policy of new Group TDR function
• Assist in conducting feasibility studies to assess need for new systems and provide technical inputs during technology vendor selection
• Assist in exercises such as design and system architecture of compliance related systems by consulting with business users.
• Ensure proper UAT sessions & exercises for compliance AML system implementation.
• Manage periodic testing of AML compliance related systems, including testing of data, quality and completeness, underlying models, logic, etc.
• Periodically consult with compliance SMEs to get inputs on system, data and reporting requirements and drive projects from conceptualisation through implementation.
• Perform the management of change orders for modifications and upgrades to compliance related systems and tools development.
• Oversee and Manage system updates in response to risks identified or GIA (
• Group Internal Audit) findings.
• Ensuring that RCSA controls are adequate and building strong controls for testing.
• Following up on Production issues to logical conclusion ensuring issue resolution.

Data Analysis

• Perform complete data analysis of the group across customers/segments/transactions to identify AML red flags and to design the fit for purpose detection scenarios library for the group taking in to account relevant regulatory requirements too.
• Map identified risks to internal data and systems, assess and analyse the banks exposure, quantify the potential impact and escalate to the team lead where threats or control vulnerabilities are identified
• Provide inputs into Compliance risk models and systems.

Reporting

• Collaborate with Compliance SMEs to develop Compliance related MI dashboards.
• Develop periodic reporting plan and maintain the schedule and workflow for multiple reports.
• Populate management information dashboards by extracting relevant data from source systems including using logical queries and basic programming.
• Collaborate with Compliance colleagues to obtain information to populate dashboards.
• Submit MI dashboards to team lead for review

QualificationsMinimum Qualification

• Bachelors degree in computer science/technology or finance systems

Minimum Experience

• At least 4 years of experience in risk analysis, data analytics or relevant statistic discipline
• At least 2 years of experience in a financial crime compliance role
• Has relevant experience of data management and AML compliance systems

Keyskills :
Data Management Data Analytics Data Analysis Risk Analysis

About Company

FAB, the UAE’s largest bank and one of the world’s largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the bank’s international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.