Specialist- AML Transaction Monitoring

12 سبتمبر، 2022

0 8 2 دقائق

Job Description

Job Description
PURPOSE OF JOB:
Reporting to the AVP – AML Transaction Monitoring, the main responsibilities of this role is to support the business areas covering the AML monitoring activities for the Group and ensure that efforts are made to align the related policies and procedures with regulatory requirements and applicable laws and regulations.
JOB CONTEXT/DIMENSIONS
The Specialist – AML, Transaction Monitoring must be able to build and maintain productive business relationships with business stakeholders across the different lines of business and the ability to work cross-functionally across the different lines of business to effectively deliver the role purpose.
TASKS :

Support the AVP – AML Transaction Monitoring as follows:
Assist in the implementation and monitoring of the framework and plan for AML to properly address the Compliance needs and requirements in line with laws, rules and regulations that best meets the needs of Group FAB TM Policy and Procedures.
Perform EDD and report internal Suspicious Transactions Reports (STRs) to MLRO team.
As a First line of defence, assist other business stakeholders to identify and analyse business risks.
Maintain and build effective relationships with the related divisions so that effective escalation of issues is achieved and risk managed.
Assist the AVP – AML Transaction Monitoring in providing timely and accurate Compliance advice on any AML monitoring matters raised by the business functions on day-to-day operations or on any critical regulatory obligations to ensure continued expertise is provided to the business functions.
Maintain adequate record-keeping /MI and evidences pertaining to AML, etc.
Keep abreast of related rules, regulations and best practices pertaining to AML, assess its impact on FAB and update the AVP – AML Transaction Monitoring accordingly.
Work with AVP to maintain policies and procedures.
Attend to and action requests from Correspondent Banks, Central Bank, Police, Regulators and Government Departments whenever required.
Monitor the performance of the AML Compliance program on a continuous basis taking appropriate steps to improve its effectiveness.
Execute other duties as directed by the AVP – AML Transaction Monitoring

AUTHORITIES

The Bank's Group AML Monitoring Compliance function
The Bank's compliance with standards and regulations
Other authorities as directed by the MLRO of Group Compliance and HoFCC

Contacts (inside and outside the bank)

AVP – AML, Transaction Monitoring
Head of FLOD Compliance Operations
MLRO Team

Purpose of Contact (Pass/receive information, market, negotiate etc)

To report progress updates and to raise new risks/issues or challenges as appropriate
To report progress updates and to raise new risks/issues or challenges as appropriate
To report suspicious activity and to raise new risks/issues or challenges as appropriate

Qualifications
JOB KNOWLEDGE, SKILLS & EXPERIENCE

Bachelor's Degree or Higher in Management, Banking or Finance, preferably with certification in compliance, AML, risk management or internal audit.
At least 7 years of banking experience preferably 4-5 years in Compliance and/or Audit in Banks
Excellent understanding of regional laws and applicable international regulations
Excellent Knowledge of the AML/CTF applied on different business banking functions.
Strong interpersonal, people management and facilitation skills
Team player, able to meet tight deadlines and manage challenging workload
Preferable bilingual, Fluent in English and Arabic with strong written and verbal skills
Focused on driving tasks to completion with pace, whilst retaining a high level of attention to detail and accuracy
Discrete and has sense for integrity and handles highly sensitive information with absolute confidentiality.