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JOB PURPOSE:

Reporting to the VP Compliance - Sanctions Advisory, the main responsibilities of this role is to support the business areas covering the Sanctions advisory activities for the Group and ensure that efforts are made to align the related policies and procedures with regulatory requirements and applicable laws and regulations..

KEY ACCOUNTABILITIES:

Job Responsibilities

Support the VP Compliance - Sanctions Advisory as follows:

·   Assist in the implementation and monitoring of the framework and plan for the Compliance in Sanction that properly addresses the Compliance needs and requirements of the related divisions in line with laws, rules and regulations that best meets the needs of Group FAB.

·   Performing Sanction Review activities as a second line of defence.

·   Conduct QA on transactions cleared by Sanctions Monitoring team within FLOD Operations

·   Advisory with regard to client engagement and transactions potentially subject to sanctions.   

·   Maintain and build an effective relationship with the related divisions so that effective escalation of issues is achieved and risk managed.

·   Providing timely and accurate Compliance advice on any Sanctions matters raised by the business functions by executing reviews and monitoring against applicable laws and regulations and soliciting external expertise as required

·   Keep abreast of related rules, regulations and best practices pertaining to Sanction through Notices that are received from the four main regulatory, OFAC, UN, EU & HMT.

·   Execute other duties as directed by Head of Sanctions, or Head of Compliance – Financial Crime Compliance

·   Provide advisory services in Sanctions to all Business Units on Trade Finance Transactions, Client On-Boarding and post boarding queries, dealing with sanctioned nationals/countries, etc.

·   Provide advisory services on sanctions language, Sanctions related due diligence queries from other FIs, due diligence on customers, trade transactions, vessel tracking, inward/outward remittances, military transactions to other compliance departments and business units across the FAB Group.

·   Advise on customer due diligence queries where sanctions elements have been identified.

Review the proposed additions and deletions in internal sanctions list as directed by VP/HO Sanctions

Minimum Qualification

§  Bachelor’s Degree in Management, Banking or Finance, preferably with certification in compliance, AML, risk management or internal audit.

§  At least 3 years of business experience preferably in Compliance and/or Audit in Banks

§  Good understanding of regional laws and applicable international regulations and good knowledge of AML/CTF  and Sanctions operations in Banks

§  Strong interpersonal, people management and facilitation skills

§  Team player, able to meet tight deadlines and manage challenging workload

§  Preferable bilingual, Fluent in English and Arabic with strong written and verbal skills

§  Focused on driving tasks to completion with pace, whilst retaining a high level of attention to detail and accuracy

§  Discrete and has sense for integrity and handles highly sensitive information with absolute confidentiality.

Minimum Experience

At least 3 years of business experience preferably in Compliance and/or Audit in Banks

Only for UAE Nationals!