Manager – Client Acceptance Advisory

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ADCB Group is looking for Manager – Client Acceptance Advisory having Bachelor's Degree Any nationality holder can apply for this job....

Manager – Client Acceptance Advisory
Full Time
08/30/2023
Depend on Experience
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Job Summary

Position Title Manager – Client Acceptance Advisory
Hiring Organization ADCB Group
Base Salary AED
Job Schedule Full Time

Position Details

  • Oversee the Client Acceptance Advisory team, ensuring accurate/high quality enhanced due diligence (EDD)/customer due diligence (CDD) reviews/assessments and de-risking strategies, manage thematic/periodic reviews and customer/know your customer (KYC) screening systems and provide required reports in order to comply with regulatory requirements and mitigate risk for the bank

Responsibilities

  • Conduct regular reviews/sampling of account opening/know your customer (KYC) documentation to ensure high quality reviews are being completed within agreed turnaround times (TAT)
  • Provide direction to the team on complex cases and follow up with the business on behalf of the team on high risk/pending cases to ensure these are handled in compliance with regulatory requirements
  • Oversee the completion of risk assessments on reviewed clients, the advice being provided and decisions being taken on new to bank account opening requests to ensure high quality, accuracy and compliance with regulatory requirements
  • Provide monthly reports to UAE Central Bank on customer profiles in order to meet regulatory reporting requirements
  • Respond to correspondence received from Local/Foreign Banks on KYC, CDD standards in order to comply with industry standards
  • Oversee the exit strategies being determined by the team in relation to flagged customers/close accounts, the reports being sent to UAE Central Bank and associated MIS to ensure effective closure of accounts and to mitigate anti money laundering (AML), KYC and sanctions risks in the organization
  • Manage and motivate the team to ensure they contribute to, and participate in, the identification and implementation of change initiatives, programes and projects in line with the bank’s standards

Requirements

  • At least 8 years of experience in compliance in a bank or regulatory authority
  • Bachelor’s Degree in Finance, Accounting, Commerce or Business Administration
  • Understanding of CDD, EDD, AML and Sanctions
  • Clear understanding of documentation requirements for EDD
  • Knowledge of customer transactions and behaviors
  • Exposure to banking transactions
  • Understanding of local/International and Central Bank rules and regulatory requirements
  • Understanding of banking systems, reports and workflows
  • Understanding of FinTech and RegTech
  • Microsoft Office (Word, Excel and PowerPoint)
Disclaimer

THIS JOB WAS ORIGINALLY POSTED ON

ADCB Group