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. 

2JOB PURPOSE:

To execute activities of the Group TBML team including reviews and investigations on matters escalated from the business, drafting of responses to correspondent bank questionnaires, regulatory submissions or other ad hoc tasks within the remit of the TBML Team.

Support the VP, AML TM in providing AML/FCC advisory services to all business lines in the UAE. Also, to assist in the implementation of TBML initiatives and measures.

KEY ACCOUNTABILITIES:

Job Specific Accountabilities:

Policies, Systems, Process & Procedures:

• Follow all relevant TBML policies, processes and standard operating procedures, and instructions so that the work is carried out in a controlled and consistent manner.
• Support in the review and update Group TBML&CFT Policy at least on annual basis or as and when there are significant changes to the laws and regulations or key processes
• Conduct periodic review of Trade Finance FCC Control procedures to ensure the guidelines are appropriately incorporated
• Develop guidance notes and desktop Standard Operating Procedures (SOP) on specific TBML matters
• Provide Trainings to Trade ops related to handling of TBML red flags
• Provide support and advice to business and other support functions in relation to the application of AML policies and procedures to their function.
• Review and provided feedback on policies and procedures received from other units and international affiliates (branches and subsidiaries) from TBML standpoint

Continuous Improvement:

• Provide support to VP, AML TM-TBML in execution and program management of FCC/AML related projects
• Identify and propose opportunities for continuous improvements to TBML related systems, processes and practices based on risks and control deficiencies identified.
• Provide updates on emerging TBML red flags high risk products and goods to enable the same as part of TBML screening
• Provide periodic training TBML training to the staff within team and wider organization.
• Support in monitoring of the performance of the TBML Compliance Program and relates activities on a continuing basis, taking appropriate steps to improve its effectiveness.
• Perform Thematic Reviews on TBML high risk accounts and transactions based on typologies, trends, and developments.

Reporting:

• Record, monitor and report volume of queries, referrals and TBML clearance received from various stakeholders to senior management
• Responsible for extracting various reports from TBML tool / TBML Dashboard as part of management reporting
• Provide inputs to the senior management on guidelines to the Compliance Technology, Data & Reporting Team on KPI’s and KRIs for reporting to senior stakeholders.

AML Oversight and Advisory:

• Provide AML advisory services to the business, support functions and operations on customers, transactions, products, and services
• Prepare AML / TBML advice for internal and external (group-wide) stakeholders on customers, transactions products and services.
• Perform level-2 transaction monitoring investigations and prepare case files.
• Notify the senior management on all incidents of non-compliance with regulation and legislation (if any), in a timely manner.
• Review queries related to trade transactions and monitor TBML or structured transactions.
• Support in the review and update of AML/TBML focused training and e-Learning modules

Trade Based Money Laundering (TBML):

• Act as TBML Subject Matter Expert (SME) to the Business.
• Provide advisory on Trade Finance products/services and transactions
• Support in execution of TBML related reviews (thematic reviews)
• Support in the design of the Bank’s Trade Based AML Program including review and update of policies & procedures and training programs
• Ongoing review of TBML typologies and trade transaction monitoring scenarios
• Ongoing collaboration with Trade Finance Units (Trade Ops, TBR, & GTB Compliance) to further strengthen TBML control environment
• Delivery of focused TBML training session with Compliance and Trade Finance teams
• Support in preparation of TBML Compliance Advisory to key stakeholders

AML Transaction Monitoring (TM) Technology:

• Support VP – AML TM in the TM enhancements and related projects
• Support Group VP – AML TM in the periodic tuning of TBML System thresholds and scenarios

Generic:

• Responsible to day-to-day management of AML advisory related queries, referrals and AML clearance received from relevant stakeholders within the Bank
• Drafting responses to correspondent bank questionnaires, regulatory submissions
• Conduct Investigations, perform research and take action on the AML queries related trade products and transactions.
• Carry-out the compliance duties to ensure the day today functions are adhering to the CBUAE regulations and in line with the bank’s policies and procedures
• Monitor the Group Internal Audit (GIA) issues related to AML. Review the recommendations made by GIA and perform agreed action to remediate the risks identified.
• Review and address AML & Watch list and alerts. Update the blacklists on a regular basis.
• Provide support to VP, AML on AML activities and projects
• Support in execution and program management of financial crime related projects as per the project guidelines.
• Other duties as assigned by the heads of the departments.

Qualification

• Graduate/Master of Commerce in finance and accounting.
• Certified Anti-Money Laundering Specialist (CAMS) from ACAMS, USA
• Certified Documentary Credit Specialist (CDCS) from LIBF, UK

Experience

• 10+ years of experience in Banking & Finance domain and specialized in TBML/Trade transaction screening and Trade finance operations with knowledge in AML&CFT/Sanctions/KYC /Transaction monitoring roles.