Manager, KYC Review & Approval(UAE Nationals only)

26 أكتوبر، 2022

0 4 3 دقائق

Job Description

Job Description
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 perform duties as required in the KYC & Onboarding FI function. The centralised team will perform the client On-boarding approval 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.

KEY ACCOUNTABILITIES:
CIB On boarding & KYC – FI
Working for the Risk & Control ( FLOD) which will conduct the following activities:

Main Objectives: Manger will act as a support to Team Leader (AVP) to local KYC on-boarding team, working both as an individual contributor and guiding team along with offshore locations on day to day activities. Managers objective is to be accountable for the end to end KYC process, from the movement it is decided to on-board the clients, through providing FIG Advisory on risk matters, managing relevant stake holders, to exit. Aligned to Banking Coverage teams he/she will work closely with products teams and other onboarding functions to deliver the service required

Key Role:

Manage approval 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. Main stakeholders are Clients, Coverage Bankers ( Region / Global ) , KYC Operations Team, Compliance, Offshore Support Team
Experience in risk management field and proven experience in supporting the development of business activities whilst robustly applying risk management disciplines and controls
Previous experience of developing relationships by communicating, influencing and negotiating effectively with business heads, senior managers, consultants m technical experts across the whole department and businesses
Proven business and operational experience with sound knowledge of the wide range and complex variety of Funds, Brokers, Money Services Business, Loans & Agencies , Non- Banking Financial Institutions and Correspondent Banks
Review account opening forms /MT 199 or 299 swift message for all new busines where applicable
Be aware of the strategic clients and their longer-term requirements by engaging with the Coverage Bankers when they undertake the Business Case and client selection process
Ensure adherence to all internal policies / procedures and external regulatory requirements at all times
Previous experience on handing post facto transaction review for all correspondent banking clients and knowledge of key principals like Nesting & Downstream activities will be an added advantage
On need basis support AVP, Coverage Bankers, Business Compliance to conduct EDD Meetings with Correspondent Banks where applicable
Perform independent analysis of high risk factors and as an outcome of key risk indicators escalate the relevant case to Financial Crime Compliance teams (FCC)
Efficiency- Adherence to the escalation and abandonment policy
Prioritization – maintain the discipline in partnership with the local business. Communicate consistency to internal and external stakeholders to ensure that the cases are accepted through the approved channels and expectations are managed appropriately
Review questionnaires such as Wolfsberg, AML & Sanctions appropriately
Along with managing approval process for CDD delivery also support and participate in various change management & digital initiatives like – UAT and Project also involve in providing, FIG Advisory , drafting SOP's , Checklist etc

Relationship Management

Develop and manage relationships with CIB stakeholders across business lines and supporting functions
Undertake strong support and communication with both internal & external clients to facilitate efficient client on boarding & off boarding
Deliver fair outcomes of our customers and ensure own conduct maintains the orderly and transparent operation of financial markets.

Reporting

Ensure information for MI related to CIB On boarding & KYC is prepared and presented on a periodic basis
Ensure exceptions are updated in CDD Exception tracker and tracked to resolution. Tracker to be circulated to relevant stake holders on monthly basis
Monitor monthly KYC KRI /KPI reports
Interact with other stakeholders and help the KYC teams achieve KIR's / KPI's

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 5 years of experience in a reputable international bank
Minimum of 1-3 years of experience within an On-boarding and KYC role
Relevant experience (AML/KYC/compliance related) with understanding of financial institutions KYC requirements
Familiarity with AML/KYC regulations and industry guidelines, along with client structure and hierarchies, knowledge of Funds, Brokers, Loan Agencies & Correspondent Banks
Experienced with operating in a global regulatory environment
Strong Microsoft application knowledge
Pro-active and business oriented with proven ability to prioritize , manage conflicting demands and ability to assess