JOB PURPOSE:
In accordance with UAE and international Anti-Money Laundering Requirements banks such as FAB are obliged to perform Know-Your-Client (KYC) reviews on all new clients they adopt and periodic reviews of these clients.
To perform duties as required in the KYC Review & Approval Corporate function. The centralised team will perform the client On-boarding approval role. This can be either new on-boarding trigger events or periodic reviews. It will ensure the documentary evidence meets internal guidelines and regulatory expectations. Additionally adherence to Group KYC standards need to be enforced.
KEY ACCOUNTABILITIES:
CIB On boarding & KYC Corporate
Working for the Risk & Control (FLOD) which will conduct the following activities:
Main Objectives: Manger will act as a support to Team Leader (AVP) to local KYC on-boarding team working both as an individual contributor and guiding team along with offshore locations on day to day activities. Managers objective is to be accountable for the end to end KYC process from the movement it is decided to on-board the clients through providing Corporate Advisory on risk matters managing relevant stake holders to exit. Aligned to Banking Coverage teams he/she will work closely with products teams and other onboarding functions to deliver the service required.
Key Role:
- Manage approval process for New to Bank Client Onboarding Process along with Periodic & Trigger Reviews in liaison with all stake holders. Ensure all clients are onboarded within the onboarding timelines agreed. Main stakeholders are Clients Coverage Bankers ( Region / Global ) KYC Operations Team Compliance Offshore Support Team.
- Experience in risk management field and proven experience in supporting the development of business activities whilst robustly applying risk management disciplines and controls.
- Previous experience of developing relationships by communicating influencing and negotiating effectively with business heads senior managers consultants m technical experts across the whole department and businesses.
- Proven business and operational experience with sound knowledge of the wide range and complex variety of Corporate & Commercial clients.
- Review account opening forms for all new busines where applicable.
- Be aware of the strategic clients and their longer-term requirements by engaging with the Coverage Bankers when they undertake the Business Case and client selection process.
- Ensure adherence to all internal policies / procedures and external regulatory requirements at all times
- Previous experience on handing post facto transaction review for all correspondent banking clients and knowledge of key principals like Nesting & Downstream activities will be an added advantage
- Perform post facto transaction analysis for correspondent banks on annual basis and flag any Nested payments to Compliance & Coverage Bankers
- On need basis support AVP Coverage Bankers Business Compliance to conduct EDD Meetings with Correspondent Banks where applicable.
- Perform independent analysis of high-risk factors and as an outcome of key risk indicators escalate the relevant case to Financial Crime Compliance teams (FCC).
- Efficiency- Adherence to the escalation and abandonment policy.
- Prioritization maintain the discipline in partnership with the local business. Communicate consistency to internal and external stakeholders to ensure that the cases are accepted through the approved channels and expectations are managed appropriately.
- Review questionnaires such as Wolfsberg AML & Sanctions appropriately
- Along with managing approval process for CDD delivery; also support and participate in various change management & digital initiatives also involve in providing Corporate Advisory drafting SOPs Checklist internal MEMOs etc.
Relationship Management
- Develop and manage relationships with CIB stakeholders across business lines and supporting functions.
- Undertake strong support and communication with both internal & external clients to facilitate efficient client on boarding & off boarding
- Deliver fair outcomes of our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.
Reporting
- Ensure information for MI related to CIB On boarding & KYC is prepared and presented on a periodic basis.
- Ensure exceptions are updated in CDD Exception tracker and tracked to resolution. Tracker to be circulated to relevant stake holders on monthly basis.
- Monitor monthly KYC KRI /KPI reports
- Interact with other stakeholders and help the KYC teams achieve KIRs / KPIs.
Qualifications :
Minimum Qualification
- Bachelors degree or higher in management banking finance.
- Preferably with certification in compliance KYC/AML/CFT financial crime or risk management ( will be added advantage)
Minimum Experience
- Minimum of 5 years of experience in a reputable international bank
- Minimum of 5 years of experience within an On-boarding KYC or Compliance function.
- Relevant experience (AML/KYC/compliance related) with understanding of Corporate KYC requirements.
- Familiarity with AML/KYC regulations and industry guidelines along with client structure and hierarchies knowledge of Funds Brokers Loan Agencies & Correspondent Banks
- Experienced with operating in a global regulatory environment
- Strong Microsoft application knowledge
- Pro-active and business oriented with proven ability to prioritize manage conflicting demands and ability to assess.
Remote Work :
No
Employment Type :
Full-time
Key Skills Restaurant Experience,Customer Service,Employee Evaluation,Management Experience,Math,Employment & Labor Law,Sanitation,Leadership Experience,P&L Management,Mentoring,Supervising Experience,Restaurant Management
Experience: years
Vacancy: 1