Department Description:
The Compliance Organisation 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 Financing CTF 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
Brief Description:
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 Customer Screening Payment screening Transaction screening and AML Monitoring
Detailed Description:
The role has been created to further Group Compliance Screening systems objectives The incumbent is responsible for
Ensure that compliance systems are aligned to screening framework
Perform predeployment checks to ensure changes proposed are withing acceptable risk appetite
Support documentation of screening process procedure framework document
Automation of manual process with end user tools
Identify the improvement areas and present the paper indicating quantifiable benefits
The incumbent will be responsible for
Perform periodic STS process validating the effectiveness of the filter
Review and ensure that solution implemented doesnt introduce any gap in screening and approach is agreed with platform owner
Validate the planned rules algo and other filter configuration changes to ensure no risk is introduced in system
Contribute to detailed planning for projects and change request
Analyze and recommend the approach to improve the Firco screening systems effective and efficient screening
Job Requirements:
Testing and validation of changes
Analyzing the changes to ensure it is aligned to screening framework procedure and compliance with risk appetite
BAU validation of filter configuration to ensure there is no screening gaps
Record keeping for all changes to platform and keeping the system framework document up to date
Support team with documentation of processes and procedures
Investigating queries received from units LOBs
Communicating results of investigations
Supporting team with documentation of processes failure points and controls
Supporting team with development of a framework for maintaining risks and issues
Support Unit manager in developing infrastructure process to collectvalidate data from subsidiaries international locations for their respective jurisdictions
Support Unit Manager in providing accurate and meaningful Metrics around screening effectiveness and efficiency
Support List management team with change initiatives
Liaise with third parties to facilitate periodic systems review
Qualifications
Additional Details:
a Knowledge Areas Strong understanding of screening technologies software and payment screening
Strong understanding of key concepts essential to Quality Assurance Controls and Audit Trail
Strong knowledge of OFAC UKHMT EU and UNS sanctions
Knowledge of SWIFT payments Essential
b Skill Areas Technical Functional Expert knowledge of FircoSoft screening systems
Firco Continuity suite of products Essential
Senior knowledge of FircoSoft advanced modules and utilities
Decision Reapplication Workflow Accelerator Screen Keep Testing Platforms such as AML Analytics or STS Essential
Knowledge of FircoSoft advanced modules and utilities
FOFTEST FOFLIST Live Services Stripping Detection Pairing Manager Worldcheck Data Advantage
Leadership Possess good initiative strong oral and written communications skills and experience defending research findings
Ability to appropriately assess riskreward relationships when making decisions
Ability to take ownership of tasks with a proactive approach and able to independently drive initiatives to conclusions Essential
c Behaviours required for culture fit Strong analytical background with a critical attention to detail
Ability to synthesize technical information into business language
Should be a good team player with personal integrity proactive approach and willingness to learn
Committed to creating a continuous improvement culture within a team and organization Essential
d Prior Work Experience At least 15 years of experience in Compliance Regulatory or Technology roles with at least 7 years in a role of SME stakeholder management Essential
e Educational Qualifications Bachelors degree plus Masters degree or other GraduateLevel Certification in computer science finance accounting economics business or mathematics with excellent quantitative skills Essential
Knowledge of Arabic or Asian languages
ACAMS or ICA certification Advantage
Primary Location
: United Arab Emirates-Dubai-Dubai - Deira, Baniyas Road, Enbd Head OfficeJob
: Professional SupportOrganization
: Group ComplianceSchedule
: RegularShift
: StandardJob Type
: Full-timeJob Posting
: Jul 26, 2022, 3:30:03 PM▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬
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