✨ AI Summary
The Manager Compliance - AML is responsible for maintaining awareness of AML/CTF regulations, providing compliance advice, and escalating critical issues to prevent regulatory penalties. Key responsibilities include assisting in monitoring compliance with UAE Central Bank regulations, leading investigations, managing and training the AML Unit, and ensuring the bank's AML systems are optimized. The role involves collaborating with business segments and auditors on financial crime risks and due diligence, supporting the filing of STR/SAR reports, and managing regulatory inspections. The incumbent will also contribute to policy development and conduct special investigations, while ensuring a cordial working relationship with the Central Bank.
Requirements
Requires a graduate degree with 10-12 years of banking experience, including at least 5 years in AML Compliance. Must have an understanding of global transaction settlement, IT tools for AML monitoring, and local/international AML/CFT best practices. ACAMS certification or equivalent is preferred. Strong knowledge of MS Excel and Business Objects, good English communication, presentation, and problem-solving skills are essential.
Description
Maintain ongoing awareness/knowledge of all applicable internal/external AML & CTF requirements and existing/emerging legal/statutory environment - identifying any issues that could impact bank.Provide AML advice and guidance to the other ECF staff members/ business & operations.Promptly escalate any critical issues to ensure that the Bank is not investigated, charged, fined or publicly castigated by any of the regulatory authorities and/or international bodies for breach of AML & CTF controls.
- Assist Manager in monitoring compliance to statutory regulations/guidance notes issued by the UAE Central Bank &/or other regulatory authorities.
- Must pro-actively and promptly escalate any critical issues to ensure that the bank is not investigated, charged, fined or publicly castigated by either UAE Central Bank or any other regulatory authority.
- Lead complex, proactive, intelligence-driven investigations, leveraging resources from across the Group to support investigations involving multiple geographies or financial crime typologies.
- Lead the Respective Teams in AML Unit in HO.
- Train and provide guidance to AML Unit including complex investigation team.
- Manage Team Productivity and meet the required target.
- Manage the available resources effectively by creating a well built and dynamic team.
- Manage complex investigations within AML Unit by providing guidance on complete quality analysis for the reviewed cases at the analysis stage.
- Highlight any key Financial Crimes risk throughout the review and analysis of customers’ account to the senior management in the form of Intelligence / Complex Investigation Reports.
- Support MLRO / Delegate for filing STR / SAR with the FIU
- Engage with First Line of Defense (Business Segments) and Auditors on matters related to financial crime risks, due diligence and customer relationship management