Senior Compliance Officer

Responsibilities

• To contribute to the processing & monitoring of the Bank`s Financial Crime Compliance (FCC) risks and controls and associated reporting matters.
• Support the relevant strategic and business compliance objectives of the Bank.
• Relevant contribution to Transaction Monitoring, Client Acceptance Advisory, Sanctions activities with the aim of developing and promoting a culture of compliance in UAB in line with regulatory expectations and best market practices.

• Ensures compliance with FCC laws and regulations
• Contribution to mitigate the risk of enforcement actions and regulatory fines
• Contribution to designing processes and structures across the Bank ensuring FCC regulations and policies are clearly communicated to the management and all staff
• Stays abreast with FCC regulatory developments to ensure that relevant changes are being monitored, assessed and embedded accordingly.
• Contribution to maintaining fit for purpose FCC policies and procedures
• Contribution to conducting AML Risk Assessment on new products/services
• Contribution to support engagement and activities related KYC/CDD lifecycle management across all line of Businesses and relationships
• Contribution to managing the relevant elements of the Annual Compliance Plan, EWRA and any FCC regulatory submission and reports.
• Contribution to supporting the Management on FCC related regulatory engagement matters
• Provides FCC comprehensive and adequate input and information to MI, Governance forums, specific FCC related meetings with any stakeholders
• Provides relevant FCC input to any reports and submissions

• 3+ years’ proven experience in transaction monitoring & sanction screening relevant roles within UAE banking, including compliance risk management
• 5+ years’ experience in transaction monitoring & sanction screening processing roles within UAE banking industry

Bachelor’s degree in the relevant field

• Additional relevant Certifications (ICA, ACAMS) – is a must