[ref. f77949524] First Abu Dhabi Bank - Specialist Customer Name Screening

Job description / Role

Employment: Full Time

Overview

We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark at a top company, in an exciting and dynamic industry.

Job description

Responsible for supporting the implementation of a robust compliance monitoring program for the bank ensuring adherence to the policies and procedures of the bank to confirm compliance with the regulatory guidelines with regard to customer name screening and other monitoring requirements. Responsible for the first line of defense surveillance activities undertaken for:

• Customer name screening

Ensure the monitoring program covers the complexities of regulations and procedures required to be adhered to by all FAB jurisdictions.

Job specific accountabilities

• Support the implementation of the banku2019s group-wide compliance strategy within the first line of defence to ensure the efficient management of the customer name screening team ensuring vertical alignment and horizontal integration with other interfacing departmental strategies.
• Stay abreast with the controls environment, control appropriateness and effectiveness, and control testing tools and techniques available within the bank and work closely with the second line in group compliance to continuously identify and define requirements, gaps, and strategies to manage the risk appetite of the bank.
• A good understanding of monitoring and control testing tools and techniques ability in line with the banku2019s defined control testing and monitoring objectives.

• Effectively contribute to define the training and competency framework for the customer name screening team.
• Provide guidance and on-the-job training for colleagues and conduct knowledge sharing sessions locally as well as to international teams.

• Identify opportunities for continuous improvements to customer name screening related systems, processes, and practices based on risks and control deficiencies identified.
• Recommend, initiate, and implement optimisations to screening methodologies and parameters in order to maximize cost efficiency and effectiveness of FABu2019s regulatory compliance locally as well as for all jurisdictions where FAB operates.

• Work closely with the technology, data, and reporting team on KPIs and KRIs for reporting to senior stakeholders.
• Ensure information for MI related to customer screening is delivered to the technology, data, and reporting team in a timely manner.

Customer name screening

The job holder should possess and be abreast with complete knowledge of all:

• Regulatory compliance, sanctions and AML/KYC policies and guidelines relevant to FABu2019s international network
• Industry-specific screening methodologies and available technological and infrastructural arrangements to drive the surveillance program for the bank locally and for the international branches
• Changing and evolving regulations laid down by the CBUAE and international governing bodies
• Ability to effectively contribute from a first line of defense perspective, for future revisions to FAB compliance policy and guidelines

• Conduct sanctions, PEP, adverse media, and other watch list screening for an array of clients across UAE and international geographies.
• Analyze alerts and investigate customers who match with SDN, politically exposed persons, and negative media lists.
• Identify issues, escalate to management for resolution and detailed findings.
• Conduct searches, gather data, and record evidence from internal systems, the internet, and enquiry with business within the organization.
• Gather supportive information from a list of internal and external databases based on global standard process.
• Conduct enhanced due diligence investigations in support of policies and procedures.
• Report unusual client KYC details which might relate to sanctioned individuals, money laundering, or terrorist financing.
• Conduct alert investigation using FAB policies, procedures, and tools, aimed at meeting internal and external regulatory requirements.
• Build and apply knowledge of sanctions and anti-money laundering processes.

• Participate in relevant projects as per the project guidelines set by the group compliance.

Qualifications

• Bacheloru2019s degree or higher in management, banking, finance, preferably with certification in compliance, transaction monitoring/sanctions screening, KYC/AML/CFT, financial crime or risk management.

• Minimum of 3-5 years of experience in a reputed bank.
• Minimum of 2 years of experience preferably in a customer screening role.
• Fair knowledge and capabilities to decipher sanctions and AML/CTF regulations for global regimes.
• Excellent communication skills, written and spoken.
• Positive and enthusiastic attitude.
• Excellent interpersonal and managerial skills.

Company Industry: IT, Software & Internet Services

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