Manager, Payments Sanctions Monitoring First Abu Dhabi Bank FAB

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

Technical Competencies/ Experience

• Minimum of 3-5 years of experience in a reputed bank

• Minimum of 2 years of experience preferably in Sanctions role

• Fair knowledge and capabilities to decipher Sanctions and AML/ CTF regulations for Global regimes.

• Excellent communications skills, written and spoken.

• Positive and enthusiastic attitude

• Excellent interpersonal and managerial skills

Job Specific Accountabilities

Strategic Contribution

Oversee the implementation of the Compliance strategy within the FCO, with a focus on the Payments Sanctions Monitoring team.br> Conduct thorough verification of Level 1 outputs, ensuring alignment with the bank s policies and regulatory guidelines.br> Collaborate with Second Line in Group Compliance to identify and define requirements, addressing any gaps and contributing to overall Risk Appetite management.br>Team Management:br> Provide leadership and guidance to Level 2 Specialists, Level 1 Senior Officers, ensuring adherence to policies, efficiency, and productivity.br> Monitor and manage the team s adherence to established procedures and regulatory requirements.br> Deliver training and development programs to enhance the skills and capabilities of the team.br> Oversee absence management and work allocation within the team for optimal efficiency.br> br>This managerial role is crucial for maintaining the integrity of the Compliance Monitoring Program while providing effective leadership and management to ensure the efficiency, productivity, and adherence of the entire Payments Sanctions Monitoring team.

• Effectively contribute to define the training and competency framework for the Payments Sanctions Monitoring Team.

• Provide guidance and on the job training for colleagues and conduct knowledge sharing sessions locally as well as to International Teams.

Continuous Improvement

• Identify opportunities for continuous improvements to Payments Sanctions Monitoring related systems, processes and practices based on risks and control deficiencies identified.

• Recommend, initiate and implement, optimisations 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.

Reporting

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

• Ensure information for MI related to customer screening is delivered to the Technology, Data and Reporting team in a timely manner.

Payments Sanctions Monitoring -

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

• Regulatory compliance, Sanctions and AML/KYC policies & guidelines relevant to FAB s international network

• Industry-specific screening methodologies and available technological and infrastructural arrangements to drive the Surveillance program for the bank locally and for the International branches

• Changing and evolving regulations laid down by the CBUAE and International governing bodies.

• Ability to effectively contribute from a FLOD perspective, for future revisions to FAB Compliance policy & guidelines.

• Payments Sanctions Monitoring responsibilities in performance of :

• Conduct Sanctions, and other watch list screening for array of clients across UAE and International geographies.

• Analyzing alerts and investigating customers who match with SDN, and Negative Media lists.

• Identify issues, escalate to management for resolution and detailed findings.

• Conducting searches, gathering data and recording evidence from internal systems, the internet and enquiry with business within the organization.

• Gather supportive information from a list of internal and external databases based on global standard process.

• Conducting enhanced due diligence investigations in support of policies and procedures.

• Reporting unusual client KYC details which might relate to sanctioned individuals, money laundering or terrorist financing.

• Conduct alert investigation using FAB policies, procedures and tools, aimed at meeting internal and external regulatory requirements.

• Building and applying knowledge of sanctions and anti-money laundering processes.

Generic

• Participate in relevant projects as per the project guidelines set by the Group Compliance.