Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting & dynamic industry. 

2. JOB PURPOSE:

In accordance with UAE and international Anti-Money Laundering Requirements, banks such as FAB are obliged to perform Know-Your-Client ('KYC') reviews on all new clients they adopt and periodic reviews of these clients.

To lead and manage the KYC & Onboarding function, ensure it is fit for purpose and meets international best practice standards. The centralised team will perform the CIB client On-boarding “maker” role. This can be either new on-boarding, trigger events or periodic reviews. It will ensure the documentary evidence meets internal guidelines and regulatory expectations. Additionally, adherence to Group KYC standards need to be enforced.

4KEY ACCOUNTABILITIES:

Corporate & Investment Banking

A team leader for the centralised CIB client On-boarding and Remediation  “maker” team which will conduct the following activities:

• To conduct end to end KYC Customer Due Diligence (CDD). This can be either new on-boarding, trigger events or periodic reviews. This role is focused on Corporate and Investment banking segments, also overs FIs clients.
• Verify account opening forms have been completed adequately and have been verified
• Conduct Name screening, due diligence and Adverse Media matches on all associated parties to the entity.
• Confirming KYC data requirements
• Collecting relevant KYC information
• Undertaking research via internal and external sources
• Review AML and Sanctions Questionnaires, as applicable.
• Review the appropriateness and completion of the Customer Risk Assessment.
• Conduct Customer Due Diligence and perform KYC on third party service providers for CIB client coverage.
• Liaising with Approver/Compliance and providing all the required documents/ information submitted by the client and highlighting key information about the company which may be instrumental in obtaining their approval depending on the risk rating classification.
• Maintenance of all data in in Alpha system
• Stay abreast with latest developing concepts like new regulations by the UAE Central Bank or legal environment within UAE & international locations & other corporate credit practices.
• To promote appropriate checks and controls within the team to ensure files are processed correctly.
•  Adherence to TATs and SLAs.
• Support and participate in various change management & digital initiatives also involve in providing, FIG Advisory, drafting SOP’s, Checklist, internal MEMO’s etc.
• Main stakeholders are Clients, Coverage Bankers ( Region / Global ) , KYC Operations Team, Compliance, Offshore Support Team
• Beware of strategic clients and their long term requirements by engaging with coverage Bankers when  they undertake the Business case and client selection process.

Relationship Management

• Develop and manage relationships with CIB stakeholders across business lines and supporting functions.
• Work with the key internal stakeholders to provide guidance and coordinate activities, policies, projects and change initiatives. Ensuring where appropriate and possible a synchronised approach, aiding in delivering consistent and coordinated governance framework across the network.
• Undertake strong support and communication with both internal and external clients to facilitate efficient client onboarding and remediation.

People Management

• Manage the CIB KYC & Onboarding team by tracking against objectives and motivating staff to maximise performance
• Support the Department in delivering CIB KYC and On boarding related training.
• Provide guidance and on the job training for staff and conduct knowledge sharing sessions.
• Act as a role model to direct and indirect reports to drive adherence to organisational values and ethics and foster a value driven culture within the bank.

Continuous Improvement

• Identify opportunities for continuous improvements to CIB On boarding, KYC related systems, processes and practices based on risks and control deficiencies identified.

Reporting

• Ensure information for MI related to CIB On boarding & KYC is prepared and presented on a periodic basis.

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 7-10 years of experience in a reputable international bank
• Minimum of 3-5 years of experience within an On-boarding and KYC role
• Relevant experience (AML/KYC/compliance related) with understanding of KYC requirements.
• Understanding of the end to end KYC and client on-boarding processes.
• Familiarity with AML/KYC regulations and industry guidelines (e.g. UAE Regulations, FATF, JMLSG, 3rd, 4th & 5th EU Money Laundering Directive, US PATRIOT Act, US Foreign Corrupt Practices Act (FCPA) and UK Bribery Act)