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Asst AML Manager Retail Banking Compliance

Client of ERC international

Posted on August 2, 2018

7 - 8 years Dubai - United Arab Emirates

Any Nationality

Opening 01

Job Description

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EXPERIENCE:
least 7+ years of banking experience in a recognized regulated market, of which at least 5 years must be in Compliance/ AML roles.
UAE banking/regulatory experience preferred
Comprehensive knowledge of local AML Compliance requirements and international best practice.
Analyze and understanding AML regulations and regulatory requirements.
Analytical and attention to detail.
EDUCATION:
The incumbent will have a degree education as a minimum.
Professional certifications in AML from an internationally recognized body is desirable.
RESPONSIBILITIES:
Building and maintaining current, detailed knowledge of anti-money laundering, anti-terrorist financing and Sanctions matters including AML risk drivers and typologies, AML and Sanctions regulatory requirements and best practices related to the risk assessment process.
Execution of AML and Sanctions risk assessments for the assigned areas/ business groups/ products or services across BMOFG U.S. operating groups and lines of business. Evaluate inherent risk associated with customers, products, services and geographic locations; identifying areas with greater AML risk and assessing the level of risk mitigation in place.
Maintaining awareness and understanding of the current, evolving regulatory landscape, Money Laundering and Terrorist Financing techniques and AML typologies and emerging risks that may influence the risk assessments as it pertains to the business, products, services, customer set, or geographic location.
Identification of emerging issues ensuring they are incorporated into the risk assessment program as required. Synthesize and analyze of data from multiple sources to provide accurate and relevant information regarding changes and emerging AML risk.
Provide input to support the maintenance and enhancement opportunities to improve the AML risk framework including the inherent risk assessment methodology and standards used when conducting AML inherent risk and AML program assessments.
Communicate and report results of risk assessments to senior management; providing recommendations to manage unmitigated risks.
Responsible for providing advice and direction to applicable lines of business educating them on AML risk assessment requirements.


Finance / Treasury

Keywords

Analytical Risk Assessment Anti Money Laundering Senior Management Risk Mitigation Retail Banking Compliance Management Usageiness Executive

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Client of ERC international


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