AVP, AML Transaction Monitoring First Abu Dhabi Bank FAB

Job Specific Accountabilities & Strategic Contribution

• 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 of 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 team's 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 as well as for all jurisdictions where FAB operates.

• Working closely with the Technology, Data & Reporting Team on KPI s and KRIs for reporting to senior management.

• The job holder should possess and be abreast with complete knowledge of all: -

• Regulatory compliance, Sanctions, PEP and Adverse media policies & guidelines relevant to FAB s international network

• Responsible for monitoring and supporting timely implementation of Compliance systems projects applicable to domain.

  Minimum Qualification

• Bachelor s degree or higher in management, banking, finance, preferably with certification in compliance, transaction monitoring/sanctions screening, KYC/AML/CFT, financial crime or risk management

• ACAMS certification

  Technical Competencies/ Experience

• Minimum of 8-12 years of experience in a reputed bank with min of 5 years of exp in AML/Group Compliance function

• Excellent communications skills, written and spoken.

• Experience to handle large teams and different locations

• Positive and enthusiastic attitude

• Excellent interpersonal and managerial skills