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Team Leader – Financial Crime Compliance

Jobs in ADCB Group

ADCB Group is looking for Team Leader – Financial Crime Compliance having Bachelor's Degree Any nationality holder can apply for this job....

Team Leader – Financial Crime Compliance
Full Time
Transaction Monitoring
08/30/2023
Depend on Experience
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Job Summary

Position Title Team Leader – Financial Crime Compliance
Hiring Organization ADCB Group
Base Salary AED
Job Schedule Full Time
Category Transaction Monitoring

Position Details

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

Responsibilities

  • Review account opening/know your customer (KYC) documentation, conducting quality client due diligence, factoring Anti Money Laundering and Counter Terrorism Financing (AML/CFT) and sanctions risks, liaising with business units and vigilance and control team to ensure quality of KYC forms and documents
  • Conduct risk assessments and issue advisory/take decisions on new to bank account opening requests, making decisions on the risk assessment (increased, PEP, neutral, un-acceptable risks) of existing relationships to ensure compliance with regulatory requirements
  • Review system generated alerts against customer data, investigating for potential money laundering/terrorist financing/sanctions risks, collect documentary proof, build/maintain case files for transactions and customers deemed suspicious to ensure all required actions are taken
  • Update relevant Management Information Systems (MIS) to ensure accurate tracking and record keeping
  • Support the Group Money Laundering Reporting Officer (GMLRO) and Deputy MLRO by reviewing and finalizing the Suspicious Transaction Reports (STR) and Suspicious Activity Reports (SAR) drafted by the Investigation team to ensure accuracy of data reported
  • 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 6 years of experience in banking in compliance, branch or operations department
  • Bachelor’s Degree in Finance, Accounting, Commerce or Business Administration
  • Microsoft Office Suite
  • 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
  • Proven team leader skills, experienced in supervising a team
Disclaimer

THIS JOB WAS ORIGINALLY POSTED ON

ADCB Group