В банковскую группу Emirates NBD требуется Compliance Manager.
This Job is located in Dubai and requires relocation.
Job Purpose:
- Support the Private Banking (“PB”) Head of Compliance in ensuring the necessary Compliance framework is in place to cover relevant policies and procedures relating to the timely review and approval of all new accounts, BAU reviews, QA reviews, ongoing transaction monitoring, reporting and training. Point of contact for all matters relating to account opening and transaction monitoring and all internal and external audits pertaining to PB. Backup for the Head of Compliance. Responsible for managing the PB Compliance team, updating policies and guidelines and ensuring record keeping is maintained
- The candidate should process excellent Russian language skills in terms of reading, writing and speaking, thus enabling him/her to handle Russian customers. Also, should possess first-hand work experience in handling clients from CIS countries with thorough knowledge of documentation requirements, regulatory framework and KYC CDD requirements applicable to different jurisdictions specially Russia, Ukraine and the CIS region
Job Responsibilities:
- Deputy for the Head of Compliance, Private Banking (HOD). Support the HOD in relation to regulatory and senior management engagement and related reporting
- Represent the HOD in WM Risk / other relevant committee meetings in his absence or as may be required from time to time
- Give priority to requests made by or on behalf of HOD. Provide the HOD with feedback, information and reports of sufficient accuracy, detail, quality, context and relevance within the given deadlines and timeframes. This includes ad hoc requests as well as ongoing/regular requests, such as those relating to Compliance updates to various committees
- Provide proactive feedback to HOD in improving controls and efficiency and closing out of gaps identified
- Input and co-ordination of meeting packs
- Creating meaningful relationship with internal and external customers through the appropriate management of their expectations and agreed objectives
- Assist with Internal / External audits during and after, ensuring that the audit exercise and any queries that may be received from time to time is managed and actioned timeously. Follow-up / track and provide status update on the progress of any potential and current audit observations or recommendations and ensure pro-active resolution thereof to improve audit ratings
- Ensure that an effective Compliance framework is in place and is entrenched adequately covering mentioned areas. Maintain and update Compliance manuals, policies and guidelines as required so as to keep it relevant with the local as well as the international regulatory developments. Pro-actively assess implications of new regulatory developments on Business, take cognizance of industry best practices and initiatives to in order to provide the best suitable yet practical advice. Ensuring that the regulatory reviews are conducted in line with the approved timelines and reporting of the identified breach/findings is done at the relevant committees
- Assist the Private Banking Management in all aspects relating to interpretation, analysis and implementing regulatory requirements from the relevant Anti-Money Laundering, Counter Terrorist Financing and Sanctions Regulations as well as other regulatory requirements as may be applicable
- Areas of responsibility include account opening reviews, on-going due diligence reviews, QA reviews, transaction monitoring, customer screening and payment screening
- Actively participate in Group projects
- Contribute and provide feedback in the implementation of various system deliverables in line with the Group’s ongoing initiatives towards enhancing system efficiencies. Co-ordinate and participate in conducting UATs’ to ensure smooth completion of the projects
- Support the HOD with FATF evaluation / Central Bank reviews, including the initial risk assessment for PB
- Responsible for the review and update of monitoring plan of the AML team. Track, control and influence activities with the specific aim to increase and improve operational efficiencies
- Manage performance, skills development and talent in order to improve innovation, achieve efficiencies and increase competencies
- Respect of the: On-going Customer Due Diligence (High Risk account on-boarding) reviews; Ensure adherence to the enhanced PEP onboarding process; Planned (annual / bi-annual / quarterly) QA reviews and reporting thereof; Transactional / operational monitoring activities; Third-party Due Diligence Exercise Assessments; Any other ad-hoc monitoring reviews that is performed by the Compliance team; Reporting any breaches in areas of responsibility
- Assist the HOD in the review and implementation of all unit processes
- Active participation in Team meetings to assist the unit to accomplish its goals. Suggest procedures or processes towards improving efficiencies. Involve team members and foster an equal opportunities culture
- Providing guidance and advice to Business on applicable rules, regulations, group policies and compliance process and procedures pertaining to account opening and any other AML/CFT matters
- Interpreting and analyzing the trends to identify any irregularities and to implement additional controls to mitigate risks
- Ensure appropriate skilling and adequate capacity of team members for the adherence to operational and service standards
- Provide support to the Business efficiently. Co-ordinate training and provide support / guidance and input to the PB Compliance team in order to rollout the Compliance monitoring. Drive the annual Compliance training program for the PB Business area
- Identify key areas of self-improvement or as identified by HOD and attend training sessions to increase knowledge base and skills
Knowledge and Skills:
- Team player
- Self-motivated
- Independent
- Assertive and confident
- Committed to creating a continuous improvement culture
Qualifications:
- The incumbent will have at least 7 years compliance experience in the financial services industry, preferably private banking in a recognized market of which at least 3 years must be in a managerial role. Extensive hands-on experience in on-boarding clients, transaction monitoring, STR filing, ongoing reviews, etc. Also, should possess first-hand work experience in handling clients from CIS countries and through knowledge of documentation requirements, regulatory framework and KYC CDD requirements applicable to different jurisdictions specially in the CIS region
- UAE private banking / regulatory experience preferred
- ACAMS
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