Manager - AML

Within the Compliance Department to work with the MLRO and Head of Compliance to ensure effective Second Line of Defence (“2LOD”) oversight and adherence to relevant aspects of the Bank’s Compliance Policy, AML/CFT Policy and Sanctions Policy.
Direct responsibilities are in working with MLRO to supervise the Compliance Departments responsibilities, including staff oversight, for KYC processes, certain monitoring activities, managing EDDs and STRs and associated MI. Expectation is to establish and oversee procedures and appropriate control mechanisms to minimise money laundering, terrorist financing and sanctions risk to the Bank.

Key Accountabilities

1. To supervise the timeliness, accuracy and completeness of all relevant activities by the team under your oversight.
2. To support the implementation of the Bank’s Compliance programme by overseeing and when necessary, undertaking your teams’ responsibilities in customer due-diligence (KYC), risk profiling, transaction monitoring, EDD and STRs, managing GoAML and other aspects of firm’s AML Program.
3. Ensure timeliness, accuracy and completeness of all compliance reporting activities by the Compliance Operational team, including development and collation of KRIs and MIS for management and/or governance committees as appropriate.
4. Provide input as required assist in developing AML, procedures associated technology and monitoring tools with a view to enhance efficiency and effectiveness of Compliance Function. This includes ensuring policies, processes and programs are in line with relevant CBUAE guidance.
5. Take lead working with MLRO in EDD and STRs, effectively managing and monitoring processes associated to IEMS and GoAML to the standards expected in regulatory standards and guidance.
6. Management of Compliance responsibilities in respect of Alert Closure management, including requisite steps to meet CBUAE timelines.
7. Properly Escalate any relevant operational, control or business issues as they arise including considering what remedial actions are required and that relevant lessons learned are established and tracked.
8. Manage relevant contract staff, including identifying appropriate personal development and training assisting management in promoting relevant Departmental and personal development culture.
9. Assist as necessary in training Front Office and other first line staff, including working with MLRO to prepare ensure delivery of an effective AML Training program.
10. Keep all relevant SOPs and procedural documents up to date.

Job Context

The jobholder is expected to be a key part of Compliance Management team, undertaking ad-hoc projects on Compliance as requested.

Education

Bachelors Degree, preferably in Risk Management.

Experience and Skills

Education level:
• Bachelor’s degree, preferably in Risk Management.
Experience and Skills:
• Certified Anti-Money Laundering Specialist (CAMS) preferred.
• Banking Diploma preferred.
Work Experience:
• Minimum two years banking experience, of which at least one year in a relevant operational environment, with supervision experience.
• Sound knowledge in all areas of general banking operations (specific Trade Finance, SWIFT and Corporate Banking).
• Familiar with AML procedure and ideally FATF (Financial Action Task Force) recommendations.

Anti-Money Laundering (AML) / Counter Terrorism Financing (CTF)- Compliance- Proficient

Regulatory Compliance- Compliance- Proficient

Monitoring and Assurance- Compliance- Proficient

Conduct Risk, including Consumer Protection - Compliance- Basic

Business Advisory - Compliance- Basic

Governance- Compliance- Basic

Safety-Basic

Change and Innovation - Proficient

Evaluating and Solving Challenges - Proficient

Results Orientation - Proficient

Working and collaborating with others - Proficient