AVP- Customer Due Diligence (UAE National)

Job Description

Company DescriptionNow it?s your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We?re looking for the brightest and best to help us reach our goals and we?ll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.The objective of this role is to review and monitor high risk activities in the AML team and perform investigations applying a risk-based approach.Assist the Customer Due Diligence (CDD) unit within Financial Crime Compliance (FCC) to:

1. Review and approve new to bank (NTB) high risk / sensitive relationships from Compliance
2. Review and approve KYC refresh for high risk / sensitive relationships (periodic as well as trigger based) from Compliance standpoint
3. Provide FCC advisory support to business covering areas related to AML, Sanctions and AB&C

• Review high risk files that come to Compliance for due diligence purposes.
• Provide AML advice to stakeholders on customers, transactions products and services.
• Have sound knowledge on the CBUAE laws and regulations, international guidance?s and ability to translate these into policies and procedures
• Understanding of red flags and vulnerabilities in the market and inherent AML risks
• Understanding of how various license issuing authorities and federal/state government entities operate and controls they have in-place
• Knowledge of functioning of the core systems and information, reports it can/cannot generate
• Understanding of the Business models ? various sub-segments it entails and how these operate, and support functions like Operations, Credit
• Understanding of relevant products and services and ability to risk assess these from an AML perspective
• Ability to conduct proper monitoring and assurance reviews of systems and policies/procedures to ensure they are efficient and meet regulatory requirements
• Proper know-how on performing financial crime risks and ability to translate these into presentations, analytical tools
• Ability to articulate the financial crime risks in a concise manner to senior management
• Ability to understand and correspond information, questionnaires of competent authorities ? wolfsberg questionnaires and make sound assessments on correspondent banks
• Ability to communicate money laundering/terrorist financing risks, due diligence digital requirements to technology teams for them to translate it into technical requirements like BRD, BCD etc for system implementation
• Data analytical and reporting skills related to AML risk assessments and monitoring AML-related issues
• Stay abreast of related laws, rules, regulations and best practices pertaining to the financial crime world.
• Provide AML advisory services to the international branches, in coordination with International Compliance team.
• Review and respond to due diligence / AML queries involving high risk customers, high risk jurisdictions and high-risk products for the Personal Banking and Corporate and Investment Banking segment.
• Review the due diligence performed by business on syndicate loans, borrowers, agencies and other third-party merchants.
• Conduct review and testing of the customer risk assessment model and rating methodology.
• Prepare responses to the AML questionnaires requested by correspondent banks.
• Undertake screening activities for the AML unit.

• Bachelor?s degree or higher in management, banking, finance, preferably with certification in compliance, KYC/AML/CFT or financial crime

• Minimum of 5 years of experience in a reputed bank within the AML/CDD unit.

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