16 Oct
Asterix Communications
Al Sharjah
Job Purpose
The Assistant Manager, AML will manage end to end AML / CFT Unit under the direct supervision of the Head of FCC / MLRO for effective administration of the Bank's AML / CFT activities through available systems / tools, in line with the guidelines / parameters set by the regulatory agencies, applicable laws and relevant policy and procedures.
Responsibilities
- Promptly manage and assign all the alerts generated on daily basis.
- Ensure to Review / analyze Alerts / Cases with active investigation of customer profile, detection scenario logic and the related transactions which have breached the Detection Scenario logic and take prompt / appropriate actions.
- Provide appropriate recommendations / comments for disposition of alerts / cases on the investigation performed for an alert / case as a checker.
- Ensure that all relevant alerts / cases for investigation are based on the ageing of the alert / case and are actioned timely with proper comments and maker / checker process.
- Promptly identify and highlight suspicious transactions to the Head of FCC / MLRO with complete investigations / documentations for necessary action.
- To have an oversight of alerts / cases handled by the team to ensure that there are no gaps from regulatory and policy / procedures perspective.
- To handle all staff alerts in close coordination with HR and Head of FCC / MLRO as per the policy / procedures.
- Ensure complete investigation on all alerts in line with the related Policy / Procedures and Regulations / Guidelines.
- Managing IEMS and other regulatory requests on time as per the requirements.
- Drafting Semi Annual MLRO report in coordination with the Head of FCC / MLRO and ensuring timely submissions.
- Ensuring to coordinate with the relevant stakeholders for completing Annual AML / CFT returns related to CBUAE on time.
- To ensure to regularly review the AML / CFT application in terms of enhancements and optimizing the scenario parameters, conditions, etc.
and coordinate with the relevant stakeholders for automating the related processes.
- To handle end to end AML / CFT investigations for certain cases in close coordination with the Head of FCC / MLRO.
- To draft STR / SARs in coordination with the relevant team member and ensure filing on time as per regulatory requirements with complete documentation and maintaining the records with complete confidentiality.
- Provide proper AML / CFT advisory to the concerned stakeholders based on the regulations and banks approved policy / procedures in consultation with the Head of FCC / MLRO.
- To ensure all the related AML / CFT related tools, systems, applications are up and running without any issues and are updated as per the regulatory requirements and banks policy / procedures.
- To participate in Correspondent banking Questionnaires in coordination with the relevant stakeholders, Sanctions and Client Acceptance & Advisory team leaders and Head of FCC / MLRO for timely deliveries.
To participate in preparing and finalizing banks Wolfsberg Questionnaire in coordination with all the stakeholders and Head of FCC / MLRO.
- Maintaining and updating proper lists related to AML / CFT in close coordination with Head of FCC / MLRO.
- Reviewing new products / services in terms of AML / CFT and classifying them proper risk ratings in coordination with the Head of FCC / MLRO and Team Leader Client Acceptance and Advisory.
- Conducting periodic reviews of internally monitored customers to ensure that there are no AML / CFT concerns.
- Maintaining and updating High risk and Sanctioned countries as per latest updates.
- Ensuring that all AML / CFT related controls are embedded within the bank.
- Identifying AML / CFT risks within the bank and ensure that there are proper controls to mitigate the risks.
- Maintaining effective coordination with Business Units and ensure that all inquiries / investigations received are handled properly and responded in timely manner.
- Maintaining MIS / track and follow up with the relevant stakeholders for timely resolution of pending exceptions / alerts / cases and highlighting the same to the Head of FCC / MLRO for review and necessary action.
- Maintaining and updating AML / CFT related various MIS's including but not limited to STR / SAR's.
- Updating all AML / CFT Policy / Procedures, AML / CFT Policy statement and related Training / E-Learning materials on time.
- To conduct and manage AML / CFT related UAT's with proper test cases, POC / POV's, implementations, and AML / CFT related AI / ML tools.
- To draft AML / CFT BRD's, business cases etc. for new and / or existing applications.
- Promptly respond to all queries related to AML / CFT Application and related issues raised by branches and departments.
- Conduct AML / CFT examinations / reviews of the assigned areas, for identification, monitoring and reporting of suspicious activities.
- Support in conducting AML / CFT EWRA and any other mandated assessments and reports & Compliance Trainings to Bank staff.
- To be updated with AML / CFT regulatory requirements and international standards and ensure that all related Policy / Procedures, systems and processes are in line with those requirements.
- Handling Regulatory / Internal Audit and External Audit requirements and drafting responses to the related reports.
- To ensure to timely complete Annual Compliance Plan.
Qualifications
- Bachelor's degree in business, Banking, Finance, Economics or any other related discipline.
- 7-10 years of relevant experience with minimum 5 years as Deputy Money Laundering Reporting Officer.
- Experience of managing a team.
- Previous experience in Compliance / Regulatory / Audit function related to banking industry.
- Local experience is desirable.
- Thorough knowledge of UAE regulatory and International AML / CTF requirements.
- Ability to develop and maintain policies and procedures in relation to AML / CFT.
- Knowledge of CDD and EDD processes, tools and systems.
- Understanding of AML / CFT strategies and processes.
- Knowledge of AML / CTF regulations and (FATF) standards.
- Experience of Anti Bribery and Corruption activities would be desirable.
- Professional certification such as the CAMS / AMLP or ICA would be desirable.
▶️ Assistant Manager, AML - Compliance
🖊️ Asterix Communications
📍 Al Sharjah