First Abu Dhabi Bank

Requirements

Candidates must hold a bachelor’s degree or higher in a relevant field, with at least 8-10 years of experience in banking and 5 years in regulatory or financial crime compliance. Professional certifications such as ACAMS or ICA are required for this role.

Job Summary

JOB SUMMARY / INTRODUCTION:

To perform duties as required in the relevant bank policies and departmental
SOPs covering KYC Review & Approval process. The candidate will lead the team
which performs independent reviews of KYC files for client on-boarding and KYC
refresh and trigger based events. The candidate will ensure that the KYC files
are complete within the agreed SLA’s in terms of required KYC information /
documentation in accordance with bank’s policies / procedures and local
regulatory expectations of the UAE Central Bank.
To ensure that AML / CTF / Sanctions risks associated with the clients are
appropriately identified, assessed and mitigated before a decision is taken to
onboard or retain bank clients and the Group CDD standards are adhered and
enforced.
Main Objectives: VP will act as a team lead and will support the Head of KYC
Onboarding, working both as an individual contributor and guiding team along
with offshore locations on day-to-day activities. VP’s objective is to be
accountable for the end-to-end KYC approval process, from the moment KYC is
submitted till the time the file is approved. VP’s responsibilities also include
providing Advisory on KYC process, policy requirements, screening, risk rating
and risk matters, managing relevant stakeholders etc. Aligned to Banking
Coverage teams he/she will work closely with products teams and other onboarding
functions including KYC & Onboarding team, Business (RMs) and FCC/Compliance to
deliver the service required.

KEY RESPONSIBILITIES:

* Manage 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.
* Ensure compliance with UAE Central Bank regulations and bank policies/
procedures related to CDD, AML/CTF, PEP & Sanctions.
* Ensure CDD information/documentation is complete in line with bank policies /
procedures & local regulatory requirements.
* Ensure ML/TF, PEP, adverse media & sanctions risks associated with the client
are identified, assessed, and appropriately mitigated during CDD reviews.
* Escalation of risks identified during CDD reviews to the relevant
stakeholders in FCC / Compliance and Business, where necessary.
* Provide necessary advisory on bank policies / procedures, regulatory
requirements, CDD Process and FCC risks such as PEP, adverse media,
sanctions.
* Annual review of bank policies related to CDD, AML/CFT, PEP and Sanctions.
* Draft and implement CDD SOPs, CDD Checklist, and Process Guidance Notes, CDD
form, PEP form and Sanctions Exposure Questionnaire (SEQ) in line with the up
to dated guidelines.
* Support in deployment & enhancement of CDD processes and other systems for
the sake of automation.
* Experience in risk management field and proven experience in supporting the
development of business activities whilst robustly applying risk management
disciplines and controls.
* Ensure adherence to all internal policies / procedures and external
regulatory requirements at all times.
* Support Head of KYC Onboarding – Risk & Controls to conduct meetings and
discuss process related challenges and sticky issues, where applicable.
* Perform independent analysis/ approve cases up to high-risk as per DOA and
review, approve and forward very high-risk cases to FCC and Compliance teams.
* Prioritization – maintain the discipline in partnership with the local
business. Communicate consistency to internal and external stakeholders to
ensure that the KYC cases are accepted through the approved channels and
expectations are managed appropriately.
* Along with managing KYC approval process for CDD delivery; also support and
participate in various change management & digital initiatives.
* Liaise with key stakeholders including Business/RMs, Business Management,
FCC/Compliance and Business Compliance for the improvement of KYC processes
and smooth completion of KYC reviews at client onboarding and ongoing
periodic/trigger reviews.
* Conduct training sessions on bank’s KYC Policies/Procedures and Processes for
the KYC teams and frontline staff (Business RMs).

People Management:

* Develop and manage positive working relationships with all stakeholders
across business lines and supporting functions including R&C units, KYC &
Onboarding teams, Business (RMs), Regulatory Compliance, Business Compliance
and FCC teams (Group CDD, Sanctions Advisory, AML Advisory, List Management
etc).
* Support line manager, team members and other teams within Risk & Controls
through providing timely assistance and solutions, on need basis.
* Resolve conflicts and provide effective solutions to the stakeholders.
* Efficient coordination with key stakeholders to get the job done in timely
manner.
* Provide adequate guidance, coaching and necessary training for team members,
and ensure ongoing performance feedback.
* Act as a role model to direct and indirect reports to drive adherence to
FAB’s values and support talent development within the team.
* Collaborate with all Stakeholders to ensure seamless assignments delivery.
* Management of the team with the completion of daily tasks meeting TAT and
deadlines.
* Management of Holidays/Sickness and Performance Managements within the team.

MI Reporting:

* Ensure all departmental MIs for senior management reporting are timely
maintained.
* Ensure KYC deferrals are updated in the relevant tracker and tracked to
resolution.
* Ensure PEP trackers and other relevant trackers are properly maintained.
* Preparation of presentations and dashboards on ad-hoc basis.
* Interact with other stakeholders and help the KYC teams achieve KIR’s /
KPI’s.

Generic:

* Manage ADHOC & administrative activities as deemed appropriate and assigned
by line managers.
* Frameworks, Boundaries, & Decision Making Authority
* Functions within the framework and boundaries of Group policies as well as
overall Organisational and Governance frameworks.
* Authorised to take decisions as per the approved KYC authorisation matrix.

REQUIREMENTS / QUALIFICATIONS:

Minimum Qualification
– Bachelor’s degree or higher in Management, Banking, Finance, preferably with
certification in Compliance, KYC/AML/CFT, Financial Crime or Risk Management.
Minimum Experience:
– Minimum of 8 – 10 years of experience in a reputed Bank.
– At least 5 years technical experience across various aspects of Regulatory and
Financial Crime Compliance (e.g. local and international requirements, FATCA,
CRS, GDPR, AML, KYC, etc.).
– Relevant experience (Compliance/AML/KYC/Transaction Monitoring).
– Sound Microsoft Office applications knowledge.
– Pro-active and business oriented with proven ability to prioritize, manage
conflicting demands and ability to assess.
Certifications required:
– Certification in Compliance, KYC/AML/CFT, Financial Crime or Risk Management.
– ACAMS or ICA certification.

About Us:

First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world’s
largest and safest financial institutions. We offer a comprehensive range of
personal and private banking services, including credit cards, Islamic banking,
investments, loans, and mortgages. Our commitment to excellence and innovation
drives us to provide top-tier financial solutions to our clients.

Life at FAB:

Working at FAB means being part of a team of talented and passionate individuals
with a shared vision to support the ambitions of our stakeholders to “Grow
Stronger.” We embrace the needs of our customers across the globe with a sense
of responsibility and confidence driven by extensive expertise that can only be
delivered by an ambitious world-class organization

Career Development:

FAB offers unique career choices, a chance to innovate, craft solutions for the
future, and express yourself in a performance-based culture that will unleash
the best in you. Whether you are an experienced professional or just starting
your career, FAB provides a range of learning and development initiatives to
support all employees through training and skill development.

Our Values:

At FAB, we place our customers at the core of our activities, live our values
each day in every way, celebrate achievements, and empower each other to deliver
leading solutions. We have structured plans for the recruitment and career
progression of Emirati talent to enable them to make a mark in the financial and
banking sector both regionally and globaly that rewards your hard work and
dedication.

Join our team and be part of a journey to shape the future of banking.

Responsibilities

The VP will lead the KYC and onboarding team to ensure all client files are reviewed and approved in compliance with bank policies and UAE Central Bank regulations. They will act as a subject matter expert, providing advisory on risk matters and managing stakeholders across business and compliance functions.