Specialist- Financial Crime (UAE National)

Job Description

JOB PURPOSE: To support and execute activities of the Compliance AML Advisory team including handling of requests received from Competent Authorities as well as support Line Manager in AML projects and other ad hoc tasks within the remit of the AML Team.KEY ACCOUNTABILITIESJob Specific Accountabilities:Policies, Systems, Process & Procedures:

• Follow all relevant AML policies, processes and standard operating procedures, and instructions so that the work is carried out in a controlled and consistent manner.
• Provide support to VP, AML Advisory to review and update AML related Procedure at least on annual basis or as and when there significant changes to the laws and regulations or key processes
• Provide support and advice to other departments in relation to the application of AML policies and procedures to their function.
• Review and provided feedback on policies and procedures received from other units from AML standpoint

Continuous Improvement:

• Provide support to VP, AML Advisory in execution, testing and program management of FCC related projects
• Identify and propose opportunities for continuous improvements to AML related systems, processes and practices based on risks and control deficiencies identified.
• Provide support when needed to enhance the performance of the AML Compliance Program and related activities on a continuing basis, taking appropriate steps to improve its effectiveness.
• Support team to perform Thematic Reviews on AML high risk accounts and transactions based on typologies, trends and developments

Reporting:

• Assist the team to record, monitor and report volume of queries, referrals and AML clearance received from various stakeholders
• Prepare reports required to be submitted to regulatory/law enforcement authorities (ECDD Report and Transactional reports)
• Provide Management Information data as requested by VP AML Advisory or senior management

AML Oversight and Advisory:

• Provide support in AML advisory services to the business, support functions and operations on customers, transactions, products and services
• Stay abreast of related laws, rules, regulations and best practices pertaining to AML.
• Conduct reviews on AML matters escalated from the business covering Regulatory Notices on restricted accounts, Enhanced Due Diligence (EDD), and PEP referrals pertaining to High risk factors.
• Notify VP AML Advisory on all incidents of non-compliance with regulation and legislation, in a timely manner.
• Attend monthly calls with International compliance teams on various issues related to financial crime, Regulatory, Audit, Assurance and other updates.
• Support in the review and update of AML focused training and e-Learning modules when needed

Generic:

• Responsible to support the team in day-to-day management of AML advisory related queries, referrals and AML clearance received from relevant stakeholders within the Bank
• Support and handle request received from UAE Authorities and notices received (including name search, freeze/unfreeze notices and Prohibition of transfer or deposit to others notices)
• Carry-out the compliance duties to ensure the day today functions are adhering to the CBUAE regulations and in line with the banks policies and procedures
• Support in periodic clean up exercise of names added by AML Advisory to internal filters.
• Perform screening on FABs portfolio based on the daily FCC newsfeed to identify any exposure to FAB and take appropriate actions
• Provide support to VP, AML Advisory on AML activities and projects (such as EWRA and automation projects)
• Support in execution and program management of financial crime related projects.
• Other duties as assigned by the heads of the departments.

QualificationsMinimum Qualification

• Bachelors Degree or Higher in Management, Banking or Finance, preferably with certification in compliance, AML/CFT, Financial Crime or Risk Management.

Minimum Experience

• Preferably at least 1 year of business experience in an AML Compliance role
• Fresh graduates can also be considered for the role

Keyskills :
Aml Compliance Regulatory Risk Management financial crime

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.