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Associate Vice President, Retail Banking Compliance

National Bank of Dubai

10 - 12 years Dubai - United Arab Emirates

Other(Other). Any Nationality


, Posted on March 19, 2018 1 Opening

Job Description

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Description:
The incumbent is responsible ensure that the Retail Banks
Products and Services offered are in compliance with applicable compliance
policies and regulatory requirements.
The incumbent is responsible for promoting and embedding an
AML Compliance culture through the creation and roll-out of procedures, monitoring
training and the required systems.
The incumbent is responsible for setting the framework and
parameters for the handling and escalation of alerts identified by the Groups
AML, KYC and Customer Screening Systems (together with Head of AML and Head of
Sanctions Compliance).
Taking a leading role by proactively participating in
Compliance meetings.
Taking initiative by highlighting potential concerns whilst
suggesting potential solutions.
Contributing to the achieving of the overall retail
Compliance objectives.
Looking for potential synergies and quick wins through
teamwork.
Taking a positive approach and leading by example.
Ensuring that the Group Compliance and AML/Sanctions
framework is implemented in Retail Bank and Emirates Money, including
implementing and rolling-out the applicable Compliance policies, procedures and
instructions to ensure that Retail products and services are in compliance with
all applicable policies and regulations.
Review existing and new compliance policies from Retail
business perspective and contribute towards standardization and development of
new Compliance policies and procedures on behalf of Retail Bank.
Ensure proper oversight over account opening to ensure high
risk accounts opening is in line with the Group High Risk Account Policy and
within timelines. It includes the approval of PEP accounts across the Retail
Bank in line with the guidelines/policy around PEP accounts.
Managing critical investigations (FCRM) pertaining to Retail
Bank and STRs Managing payment and customer screening processes (PSS and CSS).
Take ownership for leading guiding and mentoring the teams.
Job Requirements:
Demonstrate proper management delegation and empowerment of
managers and drive the process so that managers take ownership over their areas,
meet deadlines and participate in meetings with Business units or in specific
initiatives.
Ensure and instill discipline (especially around meeting
deadlines), teamwork and initiative across the team.
Provide coaching to direct reports to enhance knowledge and
experience and ensure relevant training is attended.
Ensure staff are aware of their responsibilities and remain
up to date by arranging training and awareness sessions.
Take ownership and initiative w.r.t business segments for
addressing concerns keep them updated on new developments/systems/processes and
policies.
Ensuring that the Retail Bank management and staff are kept
updated on regulatory and AML matters pertaining to Retail Bank including
Sanctions and assisting with applicable training in this regard.
Acting as central point of contact for all Compliance matters
in Retail Bank to support and advice management and staff on all Compliance
issues in line with bank internal policies/ procedures and applicable
regulations set by Central Bank of UAE.
Providing guidance and undertaking reviews within agreed TAT
or as agreed.
Undertake monitoring and reviews to identify/ highlight
critical high risk areas within the Retail Bank (including Emirates Money) and
provide general guidance to senior management and staff on how to avoid or deal
with similar situations in the future and also highlight the risks to the Group
Compliance monitoring team.
To act as subject matter expert and provide inputs to the
Group Compliance Training Unit and Learning and Development department for
applicable training.
To ensure that retail management and staff are kept updated
on regulatory and AML matters pertaining to Retail Bank, including Sanctions
and conducting applicable training in this regard.
Raising highlighting any concerns or observations to the GM
Group Compliance to enable proactive decision making at a senior level.
Additional
Details:
Providing the necessary progress updates around addressing
audit observations to ensure timelines are met and the appropriate updates are
given to Internal Audit (for onwards updates to Exco and the Board Audit
Committee).
Taking the necessary actions to close out any audit
observations or, where dependent on other units, systems or resources following-up
until such closure has taken place.
Ensuring awareness and training of management and staff
regarding AML compliance requirements risks and controls.
Providing input guidance and recommendations on AML
compliance subjects to be included in training.
To ensure AML Compliance awareness through appropriate
internal and external communications.
Being the primary point of contact for any audits of the AML
Compliance function and providing the necessary cooperation during the audit.
Raising/ highlighting any concerns or observations to the
management to enable proactive decision making at a senior level.
Providing the necessary progress updates around addressing
AML Compliance audit observations to ensure timelines are met and the
appropriate updates are given to Internal Audit (for onwards updates to Exco
and the Board Audit Committee).
Taking the necessary actions to close out any AML Compliance
audit observations or, where dependent on other units, systems or resources;
following-up until such closure has taken place.


Industry Type : Banking / Financial Services / Broking
Functional Area : Finance / Treasury

Desired Candidate Profile

*
The
incumbent will have a degree education as a minimum.
Professional
certifications in AML from an internationally recognized body is desirable.
Experience, Knowledge &
Skills:
The
incumbent will have at least 10 years of banking experience in a recognized
regulated market, of which at least 7-8years must
be in Compliance (AML and Sanctions) roles
Previous experience in similar role UAE banking regulatory
experience preferred
Previous experience in managing staff
Comprehensive knowledge of local AML Compliance requirements
and international best practice.
Analyzing and understanding AML regulations and regulatory requirements
Analyzing and understanding AML regulations and regulatory requirements
Analytical and attention to detail.
Problem identification and solving skills.
Good written and oral communication skills
Ability to communicate at both detailed and concise levels
with all levels of management.
Good time management skills and adherence to deadline are
essential.
Ability to lead a team and manage performance.
Demonstrated project management and leadership skills.
Negotiation and influencing skills
Delegation of authority
Ability to deal with regulators and manage business and staff
expectations.

Keywords

Associate Vice President Manager Internal Audit Project management Policies Analytical Coaching closure Subject Matter Expert Retail business Retail management

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National Bank of Dubai


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