Compliance Processor- Quality Assurance

27 أكتوبر، 2022

0 3 2 دقائق

Job Description

Job Description
Compliance Processor- Quality Assurance- UAE national
Grade. K
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
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 Retail Bank Private Bank and CIB Bank client segments
Job Requirements:
This role will require competence across the following areas
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
Identify areas of risk and recommends on operational improvements processes and any training essential to mitigating risk Ensuring a robust escalation process to Senior management
Key activities and key competencies
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
Participate in and lead team discussions on the calibration of findings and build consensus prior to finalizing records
Track and review Quality Assurance observations with the Line of Business and Quality Control management team
Perform quality evaluations on defined samples of various work streams question and investigate the reliability and integrity of data the validity of conclusions and the appropriateness of assumptions made
Perform root cause analysis and make recommendations for addressing any identified deficiencies
Follow up with business to ensure corrective action addresses policy and operational issues identified
Ensure trackers are updated for the team to support the delivery of accurate MI
Qualifications
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 3 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 thinking