Senior Manager KYC- AML and Sanctions Full-time Job

2 weeks ago   Others   Abu Dhabi   20 views Reference: 27439
Job Details

Assist in identifying challenging areas and risks associated with Compliance processes and provide recommendations for improvement in line with the regulatory requirements, market best practices and Magnati’s internal policies and procedures.

Understand ML/FT and Sanctions risks associated with Magnati’s products and services and design appropriate policies, procedures and programs to manage and mitigate such risks.

Ensure that the AML/CFT and Sanctions programs are always relevant and up to date according to prevailing regulations, ML/FT typologies, sanctions regimes, and recommendations by international organizations such as FATF and Basel, among others.

Understand and act as a Subject Matter Expert (SME) on the overall KYC requirements for new customers, periodic KYC update and trigger base update for existing customers.

Be the Compliance point of contact for all KYC, AML/CFT monitoring and customer screening related support and queries from business, and assume any further delegated responsibilities by the Head of Compliance.

Coordinate and/or prepare required management information reporting data to Senior Management, Board of Directors and/or Regulator, as applicable.

Investigate and report discrepancies and irregularities arising from failure on process, oversight, system, etc and resolve the same including handling stakeholder’s disagreement and if need be, escalating the identified issue(s) to Head of Compliance promptly.

Attend all Mandatory and related training to attain insight of Magnati's businesses, products, services as well as compliance requirements

Maintain an ongoing relationship and work in close contact with Business and other relevant functions to ensure appropriate support is provided on all KYC, AML/CFT and Sanction related matters.

Company Description
FAB, the UAEs largest bank and one of the worlds largest financial institutions offers a an extensive range of tailor-made solutions, and products and services, to provide a customised banking experience. Through its strategic offerings, it looks to meet the banking needs of customers across the world via its market-leading Corporate and Investment Banking and Personal Banking franchises.
Headquartered in Abu Dhabi, in Khalifa Business Park, the banks international network spans over 19 countries, across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. In line with its commitment to put customers first, to Grow Stronger, FAB will continually invest in people and technology to create the most customer-friendly banking experience and will support the growth ambitions of its stakeholders across the global network in which the bank operates.
To empower its customers and clients to Grow Stronger, FAB is initiating a powerful movement, which goes beyond banking. The Grow Stronger movement represents the banks promise to support its stakeholders goals and growth ambitions, providing ideas, tools and expertise to help them become stronger, today and in the future. Through a strong, diversified balance sheet, leading efficiency and a solid corporate governance structure in place, FAB is set to drive growth forward.