UAEN Only- Assistant Compliance Manager.Compliance-Sanctions Unit.41.Compliance Group

About This Role

Seeking UAE Nationals only

Job Purpose :

- Interpret domestic and international

sanctions (UAE, US, UK, EU, UN etc.) and maintain sufficient awareness and knowledge of Sanctions that impact the bank and/or its branches or subsidiaries.

- Conduct investigation of complex and high-risk Sanctions alerts as per the regulatory requirements and in accordance with internal Compliance policies and procedures.

- Ensure full adherence to Group Sanctions Policy, including but not limited to related Sanctions Guidance and operating procedures.

- Support Compliance Manager in identifying Sanctions risk themes and trends and improve sanctions risk management capability.

- Review and disposition of Sanctions screening alerts through effective investigation and adherence to policies, standards and procedures. Highlight concerns, trends and patterns to Compliance Manager.

- Coordinate with the business units in relation to resolution of alerts and client information.

- Handle Sanctions referrals as per the Bank’s policy, ensuring no breach of the applicable sanctions policies, standards and guidance.

- Assist Compliance Manager in their responsibility for complying with all relevant Laws, Rules, Regulations and Group policies related to Sanctions.

- Provide guidance, support and training to Compliance Operations alert review team and business colleagues on implementation of sanctions policies and procedures.

- Provide effective support and maintain metrics as per internal procedures; prepare monthly and adhoc management reports.

- Identify and escalate areas requiring attention or strengthening and recommend changes and improvements in line with industry standards and applicable regulations.

- Record keeping

a. All records of the unit must be kept in a confidential and secure state

b. Adhere to record retention policy and the SOP guidelines

- Maintain effective working relationships with Business, Operations and other Compliance functions.

- Assist in Compliance projects as and when required including effective deployment of system and procedural changes as required.

- Effective knowledge of the Bank’s Compliance, Sanctions, AML and KYC / CDD policies and procedures.

- Adequate understanding of various sanction programmes, e.g., OFAC, UN, UK, EU, UAE Target Financial Sanctions etc.

- Clear understanding of relevant business and operations processes that support sanctions screening.

- Good understanding of core banking and Sanctions screening systems and their interaction / use.

Knowledge, Skills and Experience:

- 4 + years banking experience including 2 years compliance experience.

- Compliance risk professional with experience in one or more risk compliance roles including relevant Sanctions experience.

- Knowledge of Sanctions regulations and guidances.

- Lateral thinker with an ability to interpret and solve complex issues.

- Excellent communicator with strong inter-personal and influencing skills.

- Ability to adapt to change and provide inputs where necessary.

- Effective team player with ability to work collaboratively.

- Professional qualification (like CAMS, CGSS) is desirable.