Vice President- Sanctions Policy- Governance
5 months ago
Full-time
- Sub Division: Financial Crime
- Division: Group Compliance
**Company Description**:
FAB, the UAE's largest bank and one of the world's most secure financial institutions, is dedicated to creating value for its employees, customers, shareholders, and communities. Through innovation, agility, and differentiation, FAB is committed to fostering growth. We are looking for top talent and your success is our success. Accelerate your growth as you help us reach our goals and advance your career. Be ready to make your mark a top company, in an exciting and dynamic industry
**KEY ACCOUNTABILITIES**:
- Develop sanctions policies and procedures and provide advisory on FAB’s sanctions framework and policies, including handling correspondent bank due diligence questionnaires / sanctions undertakings.
- Support effective senior management risk oversight through reporting sanctions related MI and support submission of governance decks and associated reports, working with other teams as applicable.
- Provide oversight on / support FAB overseas and subsidiaries entities in implementing FAB’s Group sanctions framework and P&P.
- Review Business’ Risk Control Self Assessments (RCSA).
- Provide sanctions advisory on name screening alerts escalated by First Line of Defense (FLOD), provide oversight on FLOD operations.
- Handle sanctions exposure checks, new designation and blocking processes.
- Submit regulatory reports e.g. Partial Name Match Reports, Funds Freeze Reports to UAE regulator.
**Job Context**:
The Group Sanctions Compliance team is responsible for establishing FAB Group’s sanctions program in-line with the Group’s set risk appetite, to ensure FAB complies with all applicable sanctions in its conduct of business and in jurisdictions in which it operates. The Group Sanctions Compliance team also provides risk stewardship and oversight as the second line of defense to support effective implementation of the established sanctions program, and risk advisory to the Business on sanctions risk matters. This is a replacement role for a VP position in the Group Sanctions Compliance team.
**Qualifications**:
**Minimum Qualification**:Minimum 8 years experience in financial crime compliance, preferably with sanctions specialisation experience. CAMS / CGSS / ACSS and other professional certifications are preferred.
**Skills**:
- Experience leading / managing a team.
- Good understanding of sanctions regulations, particularly US, EU, UK sanctions.
- Practical experience handling sanctions risk issues, business advisories and knowledge of market practices.
- Ability to deal with change / uncertainty and thrive under pressure.
- Excellent analytical skills and attention to detail.
- Excellent communication skills and ability to explain complex risk concepts clearly in simple terms.
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