Assistant Manager Bank Administration

1 month ago


United Arab Emirates Al-Futtaim Full time
Assistant Manager - Bank Administration | Finance Shared Service Center | Corporate Services

Overview of the role

Ensuring that the following processes of Bank administration are carried in an efficient manner, post all DOA approvals, and compliance with Group policy, in order to deliver a superior business performance while at the same time ensuring that operational risk is strongly mitigated, and strict confidentiality is ensured:
All new bank accounts of the Group are opened in compliance with Group policy and DOA by completing the necessary documentation and follow-up processes All KYC (both in relation to Group companies and signatories) and regulatory compliance processes in relation to Bank administration including Sanctions questionnaires/undertakings, FATCA/CRS compliance forms etc. are completed and submitted to banks All requests for changes to operating signatories across the Group\xe2\x80\x99s accounts are reviewed for compliance with Group Policy and executed by completing documentation and follow-up with banks Requests for closure of bank accounts are reviewed for compliance with Group policy requirements and executed Support the audit processes in relation to annual balance confirmations for the Group\xe2\x80\x99s bank accounts Prepare periodical reporting in relation to Bank account administration.

Bayt


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