Manager Compliance - AML Injaz-Compliance-AML Unit 41 Compliance Group

Maintain ongoing awareness/knowledge of all applicable internal/external AML & CTF requirements and existing/emerging legal/statutory environment - identifying any issues that could impact bank.Provide AML advice and guidance to the other ECF staff members/ business & operations.Promptly escalate any critical issues to ensure that the Bank is not investigated, charged, fined or publicly castigated by any of the regulatory authorities and/or international bodies for breach of AML & CTF controls.

• Implement AML monitoring procedures & controls. Introduce monitoring scenarios & parameters as appropriate; ensure all customer segments / products / activities are covered within the ambit of the monitoring process.
• Provide Head of AML & Sanctions with assurance that all controls required under AML & CTF regulations are embedded within the processes of the bank to avoid any breach and/or establishing relationship with a blacklisted party.
• Manage Regulatory inspections of the AML & CTF area. Act as a focal point to the examiners and facilitate trouble-free examination. Ensure implementation/regularization of recommendations, if any, within the agreed deadline(s). Keep HO Compliance updated with the progress.
• Maintain banks AML & Customer Screening system at an optimum level keeping false hits/alerts volume at a reasonable level.
• Contribute to development of products, systems, policies and procedures, ensuring appropriate controls for AML & CTF compliance
• To handle and provide guidance on AML related queries which are more intricate in nature.
• Undertake periodic review or self-assessment of key controls to assess the quality and effectiveness. Conduct Compliance Monitoring periodically to ensure there is no lapse of AML & CTF requirements/policies. Report findings and submit recommendations for corrective action, if required.
• Conduct special investigations and/or respond to the Enhanced Due Diligence queries raised by law enforcement agencies and other overseas branches/correspondent banks. Provide feedback (accurate information) within the agreed timelines.
• Manage the AML team resources and create positive synergies amongst the team.
• Solid/Strong People Management skills are essential. Should be able to manage and control the resources within the team.
• Manage the available resources efficiently by creating a well-built and dynamic team.
• Evaluate, train and motivate business/operations staff to enhance their skills and knowledge of evolving AML & CTF regulation. Establish and maintain training programs for the unit and for business/ operations in line with latest regulations.
• Since the appointment of this role requires a notification for Central Bank Approval / No objection, it is the incumbents responsibility to maintain a cordial working relationship with the Central Bank and also act as the focal point for UAECB National Anti-Money Laundering Agency (FIU).
• Graduate with 10-12 years of total banking experience, with at least 5 years of experience in AML Compliance area.
• An understanding of how transactions settle globally.
• Market knowledge of IT tools/ software used for AML monitoring system.
• Good knowledge and understanding of local AML/CFT rules and legislation, and international best-practices/requirements.
• ACAMS Certified/other recognized certification
• Organisational awareness including working knowledge or risks, products, processes and controls
• Computer literate with good knowledge of MS Excel and Business Object (BO) reports.
• Good command over spoken and written English.
• Good presentation skills.
• Efficient and logical approach to problem solving.
  
  

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