Senior Analyst Sanctions Advisory & Investigations (UAE National Only)

About This Role

Embark on a journey where your unique contributions are celebrated, and your professional growth is embraced. At ADCB, we nurture a diverse, inclusive community where every voice is valued.

About the business area, Group Compliance & Governance:

Compliance is an independent function at ADCB which takes an active approach to risk management and monitoring, ensuring the Bank complies with applicable laws, regulations, rules and market standards. The Group creates, implements and monitors policies and procedures designed to prevent or detect financial crime and any compliance breaches of the Bank, its employees and clients. It also monitors and measures the impact of conduct risk and compliance on the Bank’s risk appetite and profile.

In this role, your key responsibilities include :

• Review account opening/’Know Your Customer’ (KYC) documentation, conducting quality client due diligence, factoring Anti Money Laundering and Counter Terrorism Financing (AML/CFT) and sanctions risks to ensure quality of KYC forms and documents
• Document on-boarding decisions for reviewed clients, providing advisory for sanctions matches referred by operations and business units and provide sign off for account opening for increased risk and Politically Exposed Persons (PEP) customers to ensure compliance with regulatory requirements
• Conduct risk assessments and issue advisory on new-to-Bank account opening requests, advising manager on decisions on the risk assessment (increased, PEP, neutral, un-acceptable risks) of existing relationships to ensure compliance with regulatory requirements
• Support line manager in developing scope of periodic and thematic reviews for existing clients, liaising with business unit to ensure the review is completed in a timely manner and is in line with regulatory requirements
• Review system generated alerts against customer data, investigating for potential Money Laundering and Financing Terrorism (ML/FT)/sanctions risks, support with the collection of documentary proof that will build/maintain case files for transactions and customers deemed suspicious to ensure all required actions are taken
• Update relevant Management Information Systems (MIS) to ensure accurate tracking and record keeping
• Update internal watch-lists, identifying tainted/blacklisted names and take the required actions in order to fulfil regulatory requirements and avoid penalties
• Support the Group Money Laundering Reporting Officer (GMLRO) and Deputy MLRO by inputting into the Suspicious Transaction Reports (STR) and Suspicious Activity Reports (SAR) drafted by the Investigation team to ensure accuracy of data reported
• Complete the actions communicated by the CBUAE Financial Intelligence Unit (FIU) and update line manager to ensure all actions are followed through to completion
• Support with addressing queries from CBUAE, FIU and correspondent Banks relating to ML/FT and sanctions matters, carry out freezing of funds and blocking of accounts, responding to and raising Requests for Information (RFIs) from other Banks, RBS reporting, Bi-annual MLRO reporting and any other reporting requirements to ensure all actions are completed within agreed Turnaround Times (TATs)
• Support the exit strategy for flagged customers, close accounts, reporting to CBUAE to ensure effective closure of accounts and to mitigate AML, KYC and sanctions risks
• Make recommendations for outcomes for parameter changes in the client on-boarding, AML and sanctions systems to ensure compliance
• Work with the team to develop comprehensive user requirements and test cases, conduct testing for automated solutions and implementing the identified fixes to ensure system is working effectively
• Adhere to all relevant organisational and departmental policies, processes, standard operating procedures and instructions so that work is carried out to the required standard and in a consistent manner while delivering the required standard of service to customers and stakeholders
• Manage self in line with the Bank’s people management policies, procedures, processes and practices to ensure adherence and to maximise own contribution to business performance
• Demonstrate Our Promise and apply the ADCB Service Standards to deliver the Bank’s required levels of service in all internal and external customer interactions

The ideal candidate should have the following experience

• At least 4 years of experience in Banking in Compliance, Branch or Operations department
• Bachelor’s Degree in Finance, Accounting, Commerce or Business Administration
• Microsoft Office (Word, Excel and PowerPoint)
• Understanding of account opening and customer documentation
• Knowledge of customer transactions and behaviours
• Exposure to Banking transactions
• Understanding of local/International and Central Bank rules and regulatory requirements
• Understanding of Banking systems, reports and workflows

What we offer:

• Competitive Salary & Additionally, all employees are eligible to participate in one of our rewarding variable pay plans.
• Comprehensive Benefits Package: This includes market-leading medical insurance, group life and personal accident insurance, paid leave and leave airfare, employee preferential rates on loans and finance facilities, staff discounts and offers, and children education assistance (for certain job levels).
• Flexible and Remote Working Options: We understand the importance of work-life balance and offer flexible working arrangements, subject to eligibility and job requirements.
• Learning and Development Opportunities: We value and facilitate continuous learning and personal development through a variety of exciting learning opportunities, such as structured instructor-led courses, a comprehensive e-learning catalog, on-the-job training, and professional development programs.

At ADCB, we are dedicated to creating a respectful, caring and disciplined work environment that aligns with your career ambitions.