Specialist- Customer Name Screening
Full-time Sub Division: Credit - Administration Division: GCOO
Company Description
Now it’s your time to join the #1 bank in the Middle East and one of the most prestigious financial companies in the region. Shaking up the world of banking requires a lot of smarts and skill. We’re looking for the brightest and best to help us reach our goals and we’ll also help you reach yours. Your success is our success as you grow stronger in your career. Join us and leave a legacy of your own, as a pioneer in both the company and the industry.
Job Description
Responsible for supporting the implementation of a robust Compliance Monitoring Program for the bank ensuring adherence to the policies and procedures of the bank to confirm compliance with the Regulatory guidelines with regard to Customer Name Screening and other monitoring requirements.
Responsible for the First Line of Defense Surveillance activities undertaken for:-
· Customer Name Screening
Ensure the monitoring program covers the complexities of regulations and procedures required to be adhered to by all FAB jurisdictions.
Job Specific Accountabilities
Strategic Contribution
Support the implementation of the Bank’s Group-wide Compliance strategy within the First Line of Defence to ensure the efficient management of the Customer Name Screening team ensuring vertical alignment and horizontal integration with other interfacing departmental strategies. Stay abreast with the controls environment, control appropriateness and effectiveness and control testing tools and techniques available within the Bank and work closely with the Second Line in Group Compliance to continuously identify and define requirements, gaps, and strategies to manage the Risk Appetite of the Bank. A good understanding of monitoring and control testing tools and techniques ability in line with the Bank’s defined control testing and monitoring objectives.
People Management
Effectively contribute to define the training and competency framework for the Customer Name Screening Team. Provide guidance and on the job training for colleagues and conduct knowledge sharing sessions locally as well as to International Teams.
Continuous Improvement
Identify opportunities for continuous improvements to Customer Name Screening related systems, processes and practices based on risks and control deficiencies identified. Recommend, initiate and implement, optimisations to screening methodologies and parameters in order to maximize cost efficiency and effectiveness of FAB’s regulatory compliance locally as well as for all jurisdictions where FAB operates.
Reporting
Work closely with the Technology, Data & Reporting Team on KPI’s and KRIs for reporting to senior stakeholders. Ensure information for MI related to customer screening is delivered to the Technology, Data and Reporting team in a timely manner.
Customer Name Screening -
The job holder should possess and be abreast with complete knowledge of all:-
Regulatory compliance, Sanctions and AML/KYC policies & guidelines relevant to FAB’s international network Industry-specific screening methodologies and available technological and infrastructural arrangements to drive the Surveillance program for the bank locally and for the International branches Changing and evolving regulations laid down by the CBUAE and International governing bodies. Ability to effectively contribute from a FLOD perspective, for future revisions to FAB Compliance policy & guidelines.
Name Screening analyst responsibilities in performance of :
Conduct Sanctions, PEP, Adverse media and other watch list screening for array of clients across UAE and International geographies. Analyzing alerts and investigating customers who match with SDN, Politically Exposed Persons and Negative Media lists. Identify issues, escalate to management for resolution and detailed findings. Conducting searches, gathering data and recording evidence from internal systems, the internet and enquiry with business within the organization. Gather supportive information from a list of internal and external databases based on global standard process. Conducting enhanced due diligence investigations in support of policies and procedures. Reporting unusual client KYC details which might relate to sanctioned individuals, money laundering or terrorist financing. Conduct alert investigation using FAB policies, procedures and tools, aimed at meeting internal and external regulatory requirements. Building and applying knowledge of sanctions and anti-money laundering processes.
Generic
Participate in relevant projects as per the project guidelines set by the Group Compliance.
Qualifications
Minimum Qualification
Bachelor’s degree or higher in management, banking, finance, preferably with certification in compliance, transaction monitoring/sanctions screening, KYC/AML/CFT, financial crime or risk management
Technical Competencies/ Experience
Minimum of 3-5 years of experience in a reputed bank Minimum of 2 years of experience preferably in an Customer Screening role Fair knowledge and capabilities to decipher Sanctions and AML/ CTF regulations for Global regimes. Excellent communications skills, written and spoken. Positive and enthusiastic attitude Excellent interpersonal and managerial skills
Job Location
Specialist- Customer Name Screening
One FAB Tower, Abu Dhabi, United Arab Emirates * Full-time
