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Compliance Analyst

Jobs in ADCB Group

ADCB Group is looking for Compliance Analyst having Bachelor's Degree in Finance / Accounting / Commerce / Business Administration...

Compliance Analyst
Full Time
Transaction Monitoring
08/30/2023
Depend on Experience
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Job Summary

Position Title Compliance Analyst
Hiring Organization ADCB Group
Base Salary AED
Job Schedule Full Time
Required Degree Bachelor's Degree in Finance / Accounting / Commerce / Business Administration
Required Skills Banking, Microsoft Office (Word, Excel And PowerPoint)
Required Experience 4 years
Joining Immediately
Nationality Any
Languages English
Category Transaction Monitoring

Position Details

  • To complete due diligence on new to bank client on-boarding, monitor existing clients to rule out money laundering/terrorist financing/sanctions risks, investigate and report unusual/suspicious cases to UAE Central Bank in order to comply with regulatory requirements and mitigate risk for the bank

Responsibilities

  • ACCOUNTABILITIES: Client On-boarding: Review account opening/know your customer (KYC) documentation, conduct quality client due diligence factoring AML/CFT and sanctions risks, liaise with business units and vigilance and control team to ensure quality of KYC forms and documents
  • Document on-boarding decisions for reviewed clients, provide advisory for sanctions matches referred by operations and business units and provide sign off for account opening for increased risk and Politically Exposed Persons (PEP) customers to ensure compliance with regulatory requirements
  • Client Risk-Assessment: Conduct risk assessments on reviewed clients, issue advisory/take decisions on new to bank account opening requests, make decisions on the risk assessment (increased, neutral, un-acceptable risks) of existing relationships to ensure compliance with regulatory requirements
  • Advice and Guidance: Act as a subject matter expert to employees providing guidance on what actions to take when dealing with high risk accounts and transactions, contribute to the formulation of internal policies, procedures and training materials to support compliance with regulatory requirements
  • Policies, Processes, Systems and Procedures: Adhere to all relevant organizational and departmental policies, processes, standard operating procedures and instructions so that work is carried out to the required standard and in a consistent manner while delivering the required standard of service to customers and stakeholders
  • Self-Management: Manage self in line with the bank’s people management policies, procedures, processes and practices to ensure adherence and to maximize own contribution to business performance
  • Customer Service: Demonstrate Our Promise and apply the ADCB Service Standards to deliver the bank’s required levels of service in all internal and external customer interactions

Requirements

  • At least 4 years of experience in banking in compliance
  • Bachelor’s Degree in Finance, Accounting, Commerce or Business Administration
  • Microsoft Office (Word, Excel and PowerPoint)
  • Understanding of account opening and customer documentation
  • Knowledge of customer transactions and behaviours
  • Exposure to banking transactions
  • Understanding of local/International and Central Bank rules and regulatory requirements
  • Understanding of banking systems, reports and workflows
Disclaimer

THIS JOB WAS ORIGINALLY POSTED ON

ADCB Group