Analyst-  KYC & Onboarding - CB- GPB & Magnati

Join the UAE’s largest bank and one of the world’s largest and safest financial institutions. Our focus is to create value for our employees, customers, shareholders and communities to grow through differentiation, agility and innovation. 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 & dynamic industry. 

 JOB PURPOSE:

• Support AVP for NTB & periodic review files for CB, GPB & Magnati entity customers
• Customer outreach to collect the updated KYC documents as per the required CDD measures
• To process KYC periodic cases; and ensure all KYC/AML/CDD/EDD requirements are completed as outlined by Group Compliance; while adhering to Bank standards, Policies and Procedures.
• Process cases within agreed TAT / SLA.

• Review/Assess and approve EDD clients as per the Delegation of Authority (DOA) in place and review/assess/prepare all High/Very High Risk and EDD cases to be submitted to Senior Analyst/AVP/Group Compliance for their decision.

KEY ACCOUNTABILITIES:

Job Specific Accountabilities

CBG, GPB & Magnati – NTB & KYC Periodic Review

• Ensure the appropriate process is in place for approvals/rejections for NTB & KYC periodic review requests as per respective approved DOA for the segments
• Conduct customer outreach to collect the updated KYC documents as per the applicable checklist
• Ensure all the required documentation has been collected in line with the CDD measures
• Review Name screening, due diligence and Adverse Media matches.
• Undertake KYC remediation on a structured and cyclic basis. 
• Review AML and Sanctions concerns where applicable.
• Review Enhance Due Diligence (EDD) exercise for KYC periodic review requests as per approved segment DOA and forward the results to Financial Crime Compliance (FCC) for their feedback (recommendation/ approval/ rejection).
• Manage BAU KYC refresh for the assigned business unit/s
• Update the tracker on regular basis by maintain the central MI
• Upload the KYC documents in workflow system in order the maintain the audit trail
• Ensure KYC records are updated in the core banking system and customer KYC documents are moved to bank repository.

People Management

• Support AVP and Senior Analyst – For NTB & KYC periodic review
• Support with assisting with projects/deliverable to meet deadlines
• Provide guidance to colleagues and conduct knowledge sharing sessions when applicable

Policies, Systems, Process & Procedures

• Support the Business functions under CB, GPB & Magnati in maintaining and KYC periodic reviewing & KYC related procedures and processes
• Review and oversee local adherence to Group Compliance On-Boarding & KYC Policies, Procedures and Processes

Continuous Improvement

• Support AVP and Senior Analyst – KYC periodic review by identifying opportunities for continuous improvements to CB, GPB & Magnati KYC related processes and practices based on risks and control deficiencies identified
• Support AVP and Senior Analyst – KYC periodic review by creating a knowledge and best practice repository to enhance efficiency

Reporting

• Support AVP and Senior Analyst – KYC periodic review on MI to be reported on KYC in a timely manner to Senior Stakeholders/Group Compliance
• Ensure information is accurate for MI related to CB, GPB & Magnati NTB & KYC periodic review.
  
  Generic
• Support AVP and Senior Analyst – KYC periodic review by implementation of Group Internal Audit, Regulatory and Group PB compliance & GCDD recommendations on findings relating to NTB & KYC periodic review.

Minimum Qualification

• Bachelor’s degree or higher in Management, Banking, Finance, preferably with certification in Compliance, KYC/AML/CFT, Financial Crime or Risk Management.

Minimum Experience

• Minimum of 2-3 years of experience in Banking.
• At least 1-2 years’ technical experience across various aspects of Regulatory and Financial Crime. Compliance (e.g. local and international requirements, FATCA, CRS, GDPR, AML, KYC, etc.)
• Minimum of 1-2 years of experience within KYC role