Manager- KYC Review Approval Emiratized Role

3 weeks ago

Abu Dhabi, Abu Dhabi, United Arab Emirates First Abu Dhabi Bank Full time

JOBPURPOSE:

  • In accordancewith UAE and international AntiMoney Laundering Requirements bankssuch as FAB are obliged to perform KnowYourClient (KYC) reviews onall new clients they adopt and periodic reviews of theseclients
  • To perform duties as required in theKYC & Onboarding FI function. The centralised team willperform the client Onboarding approval role. This can be either newonboarding trigger events or periodic reviews. It will ensure thedocumentary evidence meets internal guidelines and regulatoryexpectations. Additionally adherence to Group KYC standards need tobeenforced.

 KEYACCOUNTABILITIES:

CIBOn boarding & KYCFI

Working for the Risk &Control ( FLOD)  which will conduct the followingactivities:

  •  MainObjectives: Manger will act as a support to Team Leader (AVP) tolocal KYC onboarding team working both as an individual contributorand guiding team along with offshore locations on day to dayactivities. Managers objective is to be accountable for the end toend KYC process from the movement it is decided to onboard theclients through providing FIG Advisory on risk matters managingrelevant stake holders to exit. Aligned to Banking Coverage teamshe/she will work closely with products teams and other onboardingfunctions to deliver the servicerequired 

KeyRole:

  •  Manageapproval process for New to Bank Client Onboarding Process alongwith Periodic & Trigger Reviews in liaison with all stakeholders. Ensure all clients are onboarded within the onboardingtimelines agreed. Main stakeholders are Clients Coverage Bankers (Region / Global ) KYC Operations Team Compliance Offshore SupportTeam
  • Experience in risk management field andproven experience in supporting the development of businessactivities whilst robustly applying risk management disciplines andcontrols
  • Previous experience of developingrelationships by communicating influencing and negotiatingeffectively with business heads senior managers consultants mtechnical experts across the whole department andbusinesses
  • Proven business and operationalexperience with sound knowledge of the wide range and complexvariety of Funds Brokers Money Services Business Loans &Agencies Non Banking Financial Institutions and CorrespondentBanks
  • Review account opening forms /MT 199 or299 swift message for all new busines whereapplicable
  • Be aware of the strategic clientsand their longerterm requirements by engaging with the CoverageBankers when they undertake the Business Case and client selectionprocess
  • Ensure adherence to all internalpolicies / procedures and external regulatory requirements at alltimes
  • Previous experience on handing post factotransaction review for all correspondent banking clients andknowledge of key principals like Nesting & Downstreamactivities will be an added advantage
  • On needbasis support AVP Coverage Bankers Business Compliance to conductEDD Meetings with Correspondent Banks whereapplicable
  • Perform independent analysis of highrisk factors and as an outcome of key risk indicators escalate therelevant case to Financial Crime Compliance teams(FCC)
  • Efficiency Adherence to the escalationand abandonment policy
  • Prioritization maintainthe discipline in partnership with the local business. Communicateconsistency to internal and external stakeholders to ensure thatthe cases are accepted through the approved channels andexpectations are managed appropriately
  • Reviewquestionnaires such as Wolfsberg AML & Sanctionsappropriately
  • Along with managing approvalprocess for CDD delivery; also support and participate in variouschange management & digital initiatives like UAT andProject also involve in providing FIG Advisory drafting SOPsChecklistetc

RelationshipManagement

  • Develop andmanage relationships with CIB stakeholders across business linesand supporting functions
  • Undertake strongsupport and communication with both internal & externalclients to facilitate efficient client on boarding & offboarding
  • Deliver fair outcomes of our customersand ensure own conduct maintains the orderly and transparentoperation of financialmarkets.

Reporting

  • Ensureinformation for MI related to CIB On boarding & KYC isprepared and presented on a periodicbasis
  • Ensure exceptions are updated in CDDException tracker and tracked to resolution. Tracker to becirculated to relevant stake holders on monthlybasis
  • Monitor monthly KYC KRI /KPIreports
  • Interact with other stakeholders andhelp the KYC teams achieve KIRs /KPIs

Qualifications:

MinimumQualification

  •  Bachelorsdegree or higher in management banking finance preferably withcertification in compliance KYC/AML/CFT financial crime or riskmanagement

MinimumExperience

  •  Minimumof 5 years of experience in a reputable internationalbank
  • Minimum of 13 years of experience withinan Onboarding and KYC role
  • Relevant experience(AML/KYC/compliance related) with understanding of financialinstitutions KYC requirements
  • Familiarity withAML/KYC regulations and industry guidelines along with clientstructure and hierarchies knowledge of Funds Brokers Loan Agencies& Correspondent Banks
  • Experienced withoperating in a global regulatoryenvironment
  • Strong Microsoft applicationknowledge
  • Proactive and business oriented withproven ability to prioritize manage conflicting demands and abilitytoassess

RemoteWork :

No

EmploymentType :

Fulltime

Key Skills
RestaurantExperience,Customer Service,Employee Evaluation,ManagementExperience,Math,Employment & Labor Law,Sanitation,LeadershipExperience,P&L Management,Mentoring,SupervisingExperience,Restaurant Management
Vacancy: 1

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