Assistant Manager, Compliance

2 أكتوبر، 2022

0 4 2 دقائق

Job Description

Job Description
Department Description:
The Compliance Organization Unit is responsible for ensuring that the Bank complies with all relevant external laws and regulations applicable in the various jurisdictions that the Bank operates in Significantly this includes compliance with Sanctions Anti Money LaunderingAML and Counter Terrorist FinancingCTF requirements not only of the countries that the Bank operates in but increasingly there is an expectation of compliance with those of key US and EU regulators
Brief Description:
Working with the business to monitor and set appropriate policies procedures and processes to ensure compliance with regulatory requirements expectations and industry best practices
Providing official written and informal guidance and advice on Compliance matters to the respective businesses as and when requiredeg on a client product or transaction basis
Ensuring that appropriate training is given to all relevant staff on the Banks policies and procedures This includes the provision of training on key policies and procedures such as Sanctions AML and CTF
Undertaking periodic risk based Compliance Monitoring to ensure the Banks policies and procedures are being complied with Managing the alert investigation process arising from the key Compliance systems and escalate to Senior management regarding significant noncompliance
Detailed Description:
Reporting to the Manager the incumbent will be responsible for performing and leading periodic reviews related to NTB accounts payments and customer screening in accordance with Compliance Risk Assessment Tool Internal policies and procedures local and international regulatory requirements while demonstrating an understanding of the risk profile of the CIB client segments Take an active role in ensuring that the Banks customers satisfy local and international legal and regulatory requirements in relation to financial crime and Emirates NBD standards through the application of appropriate procedures
Document conclusions for reviews performed in concise management reports and provide awareness around significant risks and daily MIS must be stored for audit purposes
Knowledge of local and international regulatory and legislative due diligenceDD requirements and appreciation and awareness of industry best practise and standards
Interpret and implement quality assurance standards and procedures
Assist in departmental projects as required and any other tasks assigned by the respective line manager
Job Requirements:
Perform quality evaluations on defined samples of various workstreams Participate in and lead team discussions on the calibration of findings and build consensus and draft reports prior to finalizing records Track and review Quality Assurance observations with Senior Management
Participate and contribute to Team meetings workshops and daily huddles
Act as a positive influence in maintaining a collaborative culture
Support Manager for queries relating to Group Compliance for all internal and external audits
Provide necessary progress updates on addressing audit points to Unit Head and ensure all related audit points are closed on time
Followup with Business to ensure necessary actions are taken to close out the audit observations in the area of AML and CDD
Additional Details:
1 The incumbent will have a degree education as minimum preferably a post graduate qualification
2 Compliance qualifications from an internationally recognized body is desirable like ACAMS International Compliance Association certifications diploma etc
3 The incumbent will have at least 5 years compliance experience in the financial services industry preferably Retail Bank Private Bank and CIB Bank in a recognized market Very good experience in onboarding clients performing Quality Assurance reviews etc
4 UAE experience preferred
5 Good understanding and awareness of regulatory requirements international best practice Anti Money Laundering and Sanctions requirements especially the UAE Central Bank
6 Experience in analyzing and interpreting regulations and regulatory requirements
7 Problem identification and solving skills
8 Good written and oral communication skills
9 Ability to communicate well
10 Good time management skills and adherence to deadlines essential
11 Teamwork
12 Flexibility
13 Ethics Integrity
14 Decision making Problem Solving
15 Creative and Innovative thinkingQualifications
AS Mentioned in the JD