Middle East Jobs, Careers, Vacancies: Compliance Assistant Manager, Emirates Islamic, Dubai, UAE

Compliance Assistant Manager, Emirates Islamic, Dubai, UAE

Department Description:

The Compliance Unit is responsible for ensuring that the Bank complies with all relevant external laws and regulations applicable in the various jurisdictions that the Bank operates in Significantly this includes compliance with Sanctions Anti Money LaunderingAML and Counter Terrorist FinancingCTF requirements not only of the countries that the Bank operates in but increasingly there is an expectation of compliance with those of key US and EU regulators

The Organization Unit achieves this by

Setting out the relevant regulatory requirements and expectations that the Bank must comply with in an Obligations Register which then maps these to the Banks policies procedures and processesincluding systems
Working with the business to monitor and set appropriate policies procedures and processes to ensure compliance with regulatory requirements expectations and industry best practices
Providing official written and informal guidance and advice on Compliance matters to the respective businesses as and when requiredeg on a client product or transaction basis
Ensuring that appropriate training is given to all relevant staff on the Banks policies and procedures This includes the provision of training on key policies and procedures such as Sanctions AML and CTF
Undertaking periodic risk based Compliance Monitoring to ensure the Banks policies and procedures are being complied with and escalates to management significant noncompliance
Managing key Compliance systems such as Payment Sanction Screening Customer Screening Transaction Screening and AML Monitoring

Brief Description:

Managing the alert investigation process arising from the key Compliance systems and making the necessary escalations to management and disclosures to the relevant authorities
Responding to all regulatory requests to review and provide relevant informationeg customer transaction policy procedure training compliance monitoring and process details or cooperation in a timely manner

Detailed Description:
The Payment Sanction Screening Compliance Assistant Manager is responsible for assisting the Payment Screening Unit in managing the Groups AntiMoney LaunderingAML and Combating Terrorist FinancingCTF Program and for ensuring that all payments referred to Group Compliance through the Payments Screening SystemPSS are approved in line with Group requirements and local and international regulations
The incumbent should be able to display knowledge to combat AML in payments and work within the environment of high volumes in payments

Job Requirements:

Review of all payments referred by investigators for final decision to approve or reject
Performing a review of all payments referred to EI Compliance through the Payments Screening System or from other trigger and within the agreed turnaround times and approve or reject the payment
Assess the supporting documents and arrive at a reasonable decision driven by facts and policy guidelines
Handling of all queriesLive and Post received from correspondent bank for further review investigation and onward submission
Performing a review of all queriesLive and Post received from correspondent bank follow up with the respective Business units assess the supporting documents and arrive at a reasonable decision driven by facts and policy guidelines preparing final response and responsible for onward submission to Tanfeeth unit Correspondent bank within the agreed turnaround times
Followup any declined payments
Initiate and demonstrate evidence of follow up with the Business Units for a compliance report on all declined payments as per agreed procedures and necessary action on the relationship
Assist the PSS Manager in providing ongoing advice guidance and support regarding all paymentSanctions and AML related queries
Reviewing transactions analyzing AMLsanctions impact advising on requirements
Enhancing of AMLsanctions controls through the addition of prohibited namesentities to internal watchlists
Assist the PSS Manager in executing all decisions on additionsdeletions related to the Payments Screening System to ensure that the AMLsanctions risk to the Group are effectively managed
Provide support to the PSS Manager in all PSS projectrelated initiatives
Assisting the PSS Manager with system enhancements coverage of additional business areas and any testing required by Group Compliance as well projectrelated tasks required
Completion of various projects which have been assigned by the PSS ManagerHOD in a timely manner
Initiate and assist the PSS Manager with ad hoc tasks requests and projects
Raising SARs on customers where warranted

a Analyse and investigate the underlying reasons behind queries returns on transactions from Correspondent Banks
b Write STRs where warranted for the customers with suspicious transactions

Qualifications

a. Knowledge Areas
A broad understanding of the various local and international regulatory requirements that affect the business
Good Knowledge of Banks core banking systemFinacle working knowledge of SWIFT payments knowledge of the AMLSanctions and internal rules and policies around sanctions

b. Skill Areas
Good written and oral communications skills
Good knowledge of AML monitoring and customerpayment screening systems
Good time management skills and adherence to deadlines essential
Analytical and attention to detail
AML Investigative skills and experience