Specialist, Payments Sanctions Monitoring First Abu Dhabi Bank FAB

Ensure the monitoring program covers the complexities of regulations and procedures required to be adhered to by all FAB jurisdictions

Strategic Contribution

• Support the implementation of the Bank s Group-wide Compliance strategy within the First Line of Defence to ensure the efficient management of the Sanctions Payment Screening team ensuring vertical alignment and horizontal integration with other interfacing departmental strategies.
• 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 Second Line in Group Compliance to continuously identify and define requirements, gaps, and strategies to manage the Risk Appetite of the Bank.
• A good understanding of monitoring and control testing tools and techniques ability in line with the Bank s defined control testing and monitoring objectives.
• Support the business lines in extending their products by way of reviewing and screening their clients transactions with regard to the Sanctions and overall AML/ CTF risks associated.
• Measure the appropriateness and screening capabilities of the product platforms with the Surveillance systems of the Bank.

Continuous Improvement

• Identify opportunities for continuous improvements to Sanctions Payment Screening 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

• Working closely with the Technology, Data & Reporting Team on KPI s and KRIs for reporting to senior stakeholders.
• Ensure information for MI related to Sanctions Payment Screening is delivered to the Technology, Data and Reporting team in a timely manner.
• Manage similar reporting for International Branches and match their reporting requirement and standards.

Payment Screening

• The job holder should possess and be abreast with complete knowledge of all:-
• Regulatory compliance, Sanctions and AML 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, Executive Office and International governing bodies.

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

• Payment Screening Specialist responsibilities-
• First and Second Level Investigation and clearance of Payments Screening alerts along with recording the rationale for clearance for array of clients across UAE and International geographies.
• Escalate cases not cleared by investigation to respective CIB/PB Risk & Control Alert Management support unit or related unit within the Group Compliance SLOD.
• 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.
• Conducting searches, gathering data and recording evidence from internal systems, the internet and enquiry with business within the organization.
• Record and retain the alerts and cases in line with record keeping requirements of the respective jurisdictions.
• Building and applying knowledge of sanctions and anti-money laundering processes.
• Request RFI for potential matches
• Investigations of Documents in line with Group Sanctions Policy

Generic

• Support the implementation of Internal Audit, Regulatory Compliance and Group Compliance SLOD recommendations for findings pertaining to Sanctions Payment Screening.
• Responsible for monitoring and supporting timely implementation of Compliance systems projects applicable to domain.