Mashreq
Requirements
Candidates must have a graduate degree and at least 10-12 years of banking experience, with a minimum of 5 years specifically in AML compliance. Strong knowledge of AML/CFT regulatory requirements, proficiency in AML monitoring tools, and professional certifications like CAMS are required.
Job Summary
* 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.
* Review, assess, and oversee freeze, unfreeze, confiscation, search requests,
and other regulatory/LEA cases received through IEMS, CIR/CBR, goAML and
relevant channels, ensuring accurate and timely handling in accordance with
the AML-RRU SOP and prescribed TATs.
* Overseeing end-to-end case management, including quality review, completeness
of responses, appropriate escalation, and timely submission to the respective
regulatory authorities and LEAs within stipulated deadlines.
* 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
* Graduate with at least 10 years of AML Transactions Monitoring and
Investigations experience
* CAMS Certified/other recognized certification is a plus.
* Market knowledge of IT tools/ software used for AML monitoring system.
* Organizational awareness including working knowledge or risks, products,
processes, and controls.
* Strong knowledge of AML/CFT regulatory requirements, with particular
understanding of regulatory and Law Enforcement Agency (LEA) requirements
relating to freeze, unfreeze, confiscation, information/search requests and
other regulatory directives.
* Sound understanding of CBUAE, UAE FIU/goAML and LEA requirements, together
with applicable AML/KYC policies, procedures and regulatory timelines.
* Good understanding of AML case-management and banking systems, including
IEMS, CIR/CBR, goAML, core banking and other relevant
investigation/monitoring tools.
* Demonstrable experience handling complex and sensitive regulatory/LEA cases,
including freeze, unfreeze, confiscation and information/search requests.
* Computer literate with good knowledge of MS Excel and Business Object (BO)
reports.
* Knowledge on Data Management and Data Analytics is a plus.
* Excellent command over spoken and written English.
* Team player and leader, good communication and inter-personal skills.
* Adherer to timelines and ability to work under pressure.
* Customer Centric/Focus.
* Attention to details & quality.
* Analytical thinking and problem solving.
* Report writing and presentation skills
RESPONSIBILITIES
* Implement AML monitoring procedures & controls. Introduce monitoring
scenarios & parameters as appropriate; ensure all customer segments /
products / activities are covered within the ambit of the monitoring process.
* Provide Head of AML & Sanctions with assurance that all controls required
under AML & CTF regulations are embedded within the processes of the bank to
avoid any breach and/or establishing relationship with a blacklisted party.
* Manage Regulatory inspections of the AML & CTF area. Act as a focal point to
the examiners and facilitate trouble-free examination. Ensure
implementation/regularization of recommendations, if any, within the agreed
deadline(s). Keep HO Compliance updated with the progress.
* Maintain bank’s AML & Customer Screening system at an optimum level keeping
false hits/alerts volume at a reasonable level.
* Contribute to development of products, systems, policies and procedures,
ensuring appropriate controls for AML & CTF compliance
* To handle and provide guidance on AML related queries which are more
intricate in nature.
* Undertake periodic review or self-assessment of key controls to assess the
quality and effectiveness. Conduct Compliance Monitoring periodically to
ensure there is no lapse of AML & CTF requirements/policies. Report findings
and submit recommendations for corrective action, if required.
* Conduct special investigations and/or respond to the Enhanced Due Diligence
queries raised by law enforcement agencies and other overseas
branches/correspondent banks. Provide feedback (accurate information) within
the agreed timelines.
* Manage the AML team resources and create positive synergies amongst the team.
* Solid/Strong People Management skills are essential. Should be able to manage
and control the resources within the team.
* Manage the available resources efficiently by creating a well-built and
dynamic team.
* Evaluate, train and motivate business/operations staff to enhance their
skills and knowledge of evolving AML & CTF regulation. Establish and maintain
training programs for the unit and for business/ operations in line with
latest regulations.
* Since the appointment of this role requires a notification for Central Bank
‘Approval / No objection’, it is the incumbent’s responsibility to maintain a
cordial working relationship with the Central Bank and also act as the focal
point for UAECB National Anti-Money Laundering Agency (FIU).
QUALIFICATIONS
* Graduate with 10-12 years of total banking experience, with at least 5 years
of experience in AML Compliance area.
* An understanding of how transactions settle globally.
* Market knowledge of IT tools/ software used for AML monitoring system.
* Good knowledge and understanding of local AML/CFT rules and legislation, and
international best-practices/requirements.
* ACAMS Certified/other recognized certification
* Organisational awareness including working knowledge or risks, products,
processes and controls
* Computer literate with good knowledge of MS Excel and Business Object (BO)
reports.
* Good command over spoken and written English.
* Good presentation skills.
* Efficient and logical approach to problem solving.
Responsibilities
The manager will oversee AML monitoring procedures, ensure compliance with UAE Central Bank regulations, and manage complex investigations and regulatory reporting. They are also responsible for leading the AML team, providing training, and acting as a primary point of contact for regulatory inspections and law enforcement agencies.
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