Compliance Specialist

@Emirates NBD posted 2 weeks ago

Job Description

Compliance Specialist, L grade

Department Description:
Group Compliance provides the framework for consistent and effective compliance management across the Emirates NBD Group businesses To build an independent unit that
Reviews new special risk accounts including PEPs being onboarded
Undertaking enhanced due diligences for periodic and trigger reviews and risk based Compliance Monitoring to ensure the Banks policies and procedures are being complied

Brief Description:
Maintains the reporting MIS for the team and ensures that cases are assigned and tracked for review and conclusion
Conducts risk assessments and helps the management to make informed decision on investigations conducted
Escalates to management significant noncompliance and report breaches issues and concerns
Identifies assesses and monitors compliance risksincluding managing the Groups AMLCTF and Sanctions Risks
Work proactively with business line contacts and management toward ensuring that effective and efficient compliance risk management solutions are identified and implemented

Detailed Description:
Support the Compliance Manager in timely review of new special risk accounts being onboarded Assisting in all the periodicAnnual Trigger reviews of existing accounts maintaining different reports for MI purposes follow up on any client documentation issues support in collating information for updating policies and guidelines and for maintaining files for record keeping Ensure prompt reporting on reviews is done Management of various MI reports and monthly reports collating key required information for reporting purposes and ensuring timely and accurate submission Transaction monitoring and customer screening backup when the designated person is out of office Providing support during all audits

Qualifications


Job Requirements:

Assist the Compliance Manager in the approval and ongoing review of new special risk accounts to ensure that regulatory and Group requirements are met
This includes identifying verifying documenting and escalating the irregularities based on gap analysis conducted on all available legal documentation Providing internal verification and remediation support as may be required from time to time Specific duties are specified below
Review of account opening documentation to identify the account structure and identify verify the customers as required
Checking CDD profiles for completeness and verification to determine plausibility based on the information provided or any inconsistency detected
Apply a risk based approach while conducting account reviews conduct necessary due diligence to be in line with the Banks policies procedures and guidelines
With regards to PEP accounts preparation of submission packs for senior management approvals
Conducting onboarding migrations and periodic reviews as required by the policy
Conducting onboarding reviews of investment accounts
Provide support and act as a backup staff with regards to any other ongoing periodic adhoc reviews
Additional Details:
The incumbent will have a degree education as minimum preferably a post graduate qualification
Compliance qualifications from an internationally recognized body is desirable like ACAMS International Compliance Association certifications diploma etc
The incumbent will have at least 4 years compliance experience in the financial services industry preferably in retail banking compliance in a recognized market
UAE retail banking compliance regulatory experience preferred
Adequate knowledge of UAE Central Bank AML rules and regulations Reasonable knowledge of banking products and operations will be an advantage
Excellent PC skills in MS Office and a good command of both spoken and written English
Ability to communicate well
Good time management skills and adherence to deadlines essential
Good Knowledge of Banks core banking systemFinacle working knowledge of SWIFT payments AML TMU PSCU NTB HRA and SDD Risk Tool and knowledge of the external sanctions and internal rules and policies around sanctions
Team player
Motivated
Independent
Assertive and confident
Committed to creating a continuous improvement culture within a team and organization
Interpersonal abilities

Primary Location : United Arab Emirates-Dubai-Dubai – Nadd Al Shiba, Meydan, Building P
Job : Processing
Organization : Retail Compliance
Schedule : Regular
Shift : Standard
Job Type : Full-time
Day Job
Job Posting : Jun 10, 2022, 1:20:29 AM

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