Specialist- AML Transaction Monitoring

Job Description

PURPOSE OF JOB:Reporting to the AVP - AML Transaction Monitoring, the main responsibilities of this role is to support the business areas covering the AML monitoring activities for the Group and ensure that efforts are made to align the related policies and procedures with regulatory requirements and applicable laws and regulations.JOB CONTEXT/DIMENSIONSThe Specialist - AML, Transaction Monitoring must be able to build and maintain productive business relationships with business stakeholders across the different lines of business and the ability to work cross-functionally across the different lines of business to effectively deliver the role purpose.TASKS :

• Support the AVP - AML Transaction Monitoring as follows:
• Assist in the implementation and monitoring of the framework and plan for AML to properly address the Compliance needs and requirements in line with laws, rules and regulations that best meets the needs of Group FAB TM Policy and Procedures.
• Perform EDD and report internal Suspicious Transactions Reports (STRs) to MLRO team.
• As a First line of defence, assist other business stakeholders to identify and analyse business risks.
• Maintain and build effective relationships with the related divisions so that effective escalation of issues is achieved and risk managed.
• Assist the AVP - AML Transaction Monitoring in providing timely and accurate Compliance advice on any AML monitoring matters raised by the business functions on day-to-day operations or on any critical regulatory obligations to ensure continued expertise is provided to the business functions.
• Maintain adequate record-keeping /MI and evidences pertaining to AML, etc.
• Keep abreast of related rules, regulations and best practices pertaining to AML, assess its impact on FAB and update the AVP - AML Transaction Monitoring accordingly.
• Work with AVP to maintain policies and procedures.
• Attend to and action requests from Correspondent Banks, Central Bank, Police, Regulators and Government Departments whenever required.
• Monitor the performance of the AML Compliance program on a continuous basis taking appropriate steps to improve its effectiveness.
• Execute other duties as directed by the AVP - AML Transaction Monitoring

AUTHORITIES

• The Banks Group AML Monitoring Compliance function
• The Banks compliance with standards and regulations
• Other authorities as directed by the MLRO of Group Compliance and HoFCC

Contacts (inside and outside the bank)

• AVP - AML, Transaction Monitoring
• Head of FLOD Compliance Operations
• MLRO Team

Purpose of Contact (Pass/receive information, market, negotiate etc)

• To report progress updates and to raise new risks/issues or challenges as appropriate
• To report progress updates and to raise new risks/issues or challenges as appropriate
• To report suspicious activity and to raise new risks/issues or challenges as appropriate

QualificationsJOB KNOWLEDGE, SKILLS & EXPERIENCE

• Bachelors Degree or Higher in Management, Banking or Finance, preferably with certification in compliance, AML, risk management or internal audit.
• At least 7 years of banking experience preferably 4-5 years in Compliance and/or Audit in Banks
• Excellent understanding of regional laws and applicable international regulations
• Excellent Knowledge of the AML/CTF applied on different business banking functions.
• Strong interpersonal, people management and facilitation skills
• Team player, able to meet tight deadlines and manage challenging workload
• Preferable bilingual, Fluent in English and Arabic with strong written and verbal skills
• Focused on driving tasks to completion with pace, whilst retaining a high level of attention to detail and accuracy
• Discrete and has sense for integrity and handles highly sensitive information with absolute confidentiality.

Keyskills :

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.