Specialist, Customer Name Screening

First Abu Dhabi Bank View all jobs

  • Abu Dhabi
  • Permanent
  • Full-time
  • 18 days ago
Job Category: Specialist - FLODJob Description:Responsible for supporting the robust Sanctions Compliance Monitoring Program and AML Transaction 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 Name/Batch Screening/ Sanctions Screening and other monitoring requirements.
Responsible for the First Line of Defence Surveillance activities undertaken for: -
  • Name (Batch) Screening
Ensure the monitoring program covers the complexities of regulations and procedures required to be adhered to by all FAB jurisdictionsResponsibilities:Job Specific AccountabilitiesStrategic ContributionSupport the implementation of the Bank's Group-wide Compliance strategy within the First Line of Defence to ensure the efficient management of the Name/Batch Screening team ensuring vertical alignment and horizontal integration with other interfacing departmental strategies.Stay abreast with the control 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.Support the business lines in extending their products by way of reviewing and screening their clients' transactions with regard to the Sanctions and overall AML/ CTF risks associated.Measure the appropriateness and screening capabilities of the product platforms with the Surveillance systems of the Bank.Continuous ImprovementIdentify opportunities for continuous improvements to Name/Batch 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.ReportingWorking closely with the Technology, Data & Reporting Team on KPI's and KRIs for reporting to senior stakeholders.Ensure information for MI related to Customer Name Screening is delivered to the Technology, Data and Reporting team in a timely manner.Manage similar reporting for International Branches and match their reporting requirement and standards.Customer Name ScreeningThe job holder should possess and be abreast with complete knowledge of all:-Regulatory compliance, Sanctions and AML policies & guidelines relevant to FAB's international networkIndustry-specific screening methodologies and available technological and infrastructural arrangements to drive the Surveillance program for the bank locally and for the International branchesChanging and evolving regulations laid down by the CBUAE, Executive Office and International governing bodies.Ability to effectively contribute from a FLOD perspective, for future revisions to FAB Compliance policy & guidelines.Customer Name Screening Specialist responsibilities-First and Second Level Investigation and clearance of Name/Batch Screening/ FSK (Onboarding screening) alerts along with recording the rationale for clearance for array of clients across UAE and International geographies.Escalate cases not cleared by investigation to respective CIB/PB Risk & Control Alert Management support unit or related unit within the Group Compliance SLOD.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.Conducting searches, gathering data and recording evidence from internal systems, the internet and enquiry with business within the organization.Record and retain the alerts and cases in line with record keeping requirements of the respective jurisdictions. * Building and applying knowledge of sanctions and anti-money laundering processes.
  • Request RFI for potential matches
  • Investigations of Documents in line with Group Sanctions Policy or department procedures
GenericSupport the implementation of Internal Audit, Regulatory Compliance and Group Compliance SLOD recommendations for findings pertaining to Sanctions Name Screening.Responsible for monitoring and supporting timely implementation of Compliance systems projects applicable to domain.Qualifications:Minimum QualificationBachelor's degree or higher in management, banking, finance, preferably with certification in compliance, transaction monitoring/sanctions screening, KYC/AML/CFT, financial crime or risk managementTechnical Competencies/ ExperienceMinimum of 2 years of experience in a reputed bank and preferably 1 Year in a Compliance roleFair knowledge and capabilities to decipher Sanctions and AML/ CTF regulations for Global regimes.Excellent communications skills, written and spoken.Positive and enthusiastic attitudeExcellent interpersonal skillsAbout Us:About Us:First Abu Dhabi Bank (FAB) is the largest bank in the UAE and one of the world's largest and safest financial institutions. We offer a comprehensive range of personal and private banking services, including credit cards, Islamic banking, investments, loans, and mortgages. Our commitment to excellence and innovation drives us to provide top-tier financial solutions to our clients.Life at FAB:Working at FAB means being part of a team of talented and passionate individuals with a shared vision to support the ambitions of our stakeholders to "Grow Stronger." We embrace the needs of our customers across the globe with a sense of responsibility and confidence driven by extensive expertise that can only be delivered by an ambitious world-class organizationCareer Development:FAB offers unique career choices, a chance to innovate, craft solutions for the future, and express yourself in a performance-based culture that will unleash the best in you. Whether you are an experienced professional or just starting your career, FAB provides a range of learning and development initiatives to support all employees through training and skill development.Our Values:At FAB, we place our customers at the core of our activities, live our values each day in every way, celebrate achievements, and empower each other to deliver leading solutions. We have structured plans for the recruitment and career progression of Emirati talent to enable them to make a mark in the financial and banking sector both regionally and globaly that rewards your hard work and dedication.Join our team and be part of a journey to shape the future of banking.

First Abu Dhabi Bank