AVP, AML Transaction Monitoring

Job Specific Accountabilities

• Responsible for owning a segment for their AML alerts and investigations
• Ensuring timely review of all alerts and investigations as per CB UAE guidelines
• Responsible for filing STR Suspicious Transaction Report with Group MLRO before they are sent to CBUAE
• Management of correspondent banking alerts and working with FI partners of the bank with the queries
• Authorizing restrictions on the customer account where money laundering concerns are suspected and recommending client exits if required
• Testing and providing feedback on new scenarios threshold limits and undertaking an impact assessment
• Supporting CB UAE audits and process walk throughs
• Training of resources with new scenarios and emerging typologies
• Review of the periodic circulars issued by the Central Bank and making amendments to the procedures and controls to align them with regulatory environment
• Active collaboration with business to manage client experience while handling the AML queries and other control environment
• 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 AML Transaction Monitoring Team leader
• Work with technology in measuring the appropriateness and screening capabilities of the product platforms with the Surveillance systems of the Bank
• Identifying automation and tuning opportunities in the business unit that not only help to bring efficiency
• Effectively contribute to define the training and competency framework for the AML Teams Onshore Offshore
• Effectively manage and supervise the team by defining its objective to maximize performance
• Identify resource requirements to efficiently manage the FLOD Surveillance Teams ensuring the right set of skills and knowledge are maintained within the Team
• Team development, performance management and consequence management for repeat failures
• Act as a role model to direct and indirect reports to drive adherence to organizational values and ethics and foster a value-driven culture within the bank
• Identify opportunities to tune the screening engine to reduce false positives in the business, balancing risk and efficiency
• Supporting BRD development for changes, creation of CR and UAT testing
• Recommend, initiate and implement optimizations to screening methodologies and parameters in order to maximize cost efficiency and effectiveness of FAB's regulatory compliance locally and for all jurisdictions where FAB operates
• Working closely with the Technology, Data and Reporting Team on KPIs and KRIs for reporting to senior management

• Bachelor's degree or higher in management, banking or finance, preferably with certification in compliance, transaction monitoring, sanctions screening, PEP and adverse media policies and guidelines relevant to FAB's international network
• Responsible for monitoring and supporting timely implementation of Compliance systems projects applicable to domain

• Minimum of 8‑12 years of experience in a reputed bank with minimum 5 years in an AML Group Compliance function
• Excellent written and spoken communication skills
• Experience handling large teams and different locations
• Positive and enthusiastic attitude
• Excellent interpersonal and managerial skills