Compliance Specialist wanted at ADCB bank – Dubai

ADCB bank Abu Dhabi logo

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ADCB bank Abu Dhabi logo
ADCB bank Abu Dhabi logo

Expiry Date: 2018/12/09
Ref. JB3843196
Compliance Specialist (KYC / Client Onboarding)
 
Job Description
To complete due diligence on new to bank client on-boarding, monitor existing clients to rule out money laundering/terrorist financing/sanctions risks, investigate and report unusual/suspicious cases to UAE Central Bank, de-risk flagged customers and perform system testing and maintenance in order to comply with regulatory requirements and mitigate risk for the bank

Broad Overview:
 
Analyse increase risk and complex AML/CDD issues and provide appropriate advice to stakeholders, including escalating to the relevant senior levels or forums
Observe and analyse internal and external developments to identify emerging high risk AML/CDD issues and incorporate controls in bank’s policies
Review and implement CDD/EDD standards
Develop strategies and identify scope of thematic and periodic reviews considering the evolving Compliance risks
Determine de-risking strategy to mitigate anti money laundering, KYC and sanctions risks in the organization
Establish effective and collaborative relationship with all internal and external stakeholders
Ensure effective escalation within the Bank and implementation of procedures alignment with regulatory requirements and policies
Participate proactively in various information streams to gather appropriate knowledge on industry developments and regulatory developments
ACCOUNTABILITIES

Client On-boarding

Review account opening/know your customer (KYC) documentation, conduct quality client due diligence factoring AML/CFT and sanctions risks, liaise with business units and vigilance and control team to ensure quality of KYC forms and documents
Document on-boarding decisions for reviewed clients, provide advisory for sanctions matches referred by operations and business units and provide sign off for account opening for increased risk and Politically Exposed Persons (PEP) customers to ensure compliance with regulatory requirements
Client Risk Assessment

Conduct risk assessments on reviewed clients, issue advisory/take decisions on new to bank account opening requests, make decisions on the risk assessment (increased, neutral, un-acceptable risks) of existing relationships to ensure compliance with regulatory requirements
Client Monitoring/Investigation

Review system generated alerts against customer data, investigate for potential money laundering/terrorist financing/sanctions risks, collect documentary proof, build/maintain case files for transactions and customers deemed suspicious, update relevant MIS to ensure accurate tracking and record keeping, mitigate sanctions risks by taking decisions on payment filtering system, update internal watch-lists, identify tainted/blacklisted names and ensure required actions are taken in order to fulfil regulatory requirements and avoid penalties
External Reporting and Correspondence

Draft and report on MLRO/Deputy MLRO approved suspicious transaction reports (STRs), action and submit responses to UAE Central Bank on STRs, assist with addressing queries from corresponding banks relating to money laundering and sanctions matters, carry out freezing of funds and blocking of accounts, respond to and raise requests for information (RFIs) from other banks on anti-money laundering and sanctions in order to fulfil regulatory requirements and avoid penalties
Customer De-Risking

Determine exit strategy for flagged customers, close accounts, report to UAE Central Bank and update MIS to ensure effective closure of accounts and to mitigate anti money laundering, KYC and sanctions risks in the organization
Compliance Systems

Set and review outcomes for parameter changes in the client on-boarding, AML and sanctions systems, develop comprehensive user requirements and test cases, conduct testing for automated solutions, assist in identifying potential weaknesses in processes and systems and manage necessary fixes to ensure system is working effectively
Compliance Project Support

Support and/or manage projects arising out of changes in regulations in order to ensure remedial actions are completed and fulfil regulatory requirements
Advice and Guidance

Act as a subject matter expert to employees providing guidance on what actions to take when dealing with high risk accounts and transactions, contribute to the formulation of internal policies, procedures and training materials to support compliance with regulatory requirements
Skills
At least 6 years of experience in banking in compliance, branch or operations department
Bachelor’s Degree

Enterprise Risk & Business Cont Specialist wanted – SERCO – Dubai

Serco logo

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Serco logo
Serco logo

Career Opportunities: Enterprise Risk & Business Cont Specialist (54261)
Req ID 54261 – Posted 04/10/2018 – United Arab Emirates – Dubai – Safety/Risk & Compliance – Full Time
Serco is a FTSE 250 international service company which combines commercial know-how with a deep public service ethos.
Serco customers are looking for expertise in managing their people, processes, technology and assets more effectively. We advise economic decision makers, design innovative solutions, integrate systems and – most of all – deliver quality services directly to the public.
Serco supplies to governments, government enterprise, agencies and companies who seek a trusted outsourcing partner with a solid track-record of service excellence. Serco people offer operational, logistical and technical expertise in the Transport, Justice and Immigration, Defence, Education and Healthcare industries as well as in the commercial sectors of Facilities Management.

Serco Middle East have been in the Region since 1947, starting out delivering Air Traffic Control Services in Bahrain; a service we are proudly still running today and have expanded to include many other Airports in the region.
We have expanded significantly since that time across the UAE, Saudi Arabia, Qatar and Iraq. We have been supporting the RTA to operate the Dubai Metro since 2009 and have launched the flagship Saudi Arabia Passenger Rail service from Riyadh to Qassim in 2017. We deliver Facility Management services to Hospitals, Universities, Airports, Military Facilities and Commercial Estates in the UAE and large-scale medical facilities in Saudi Arabia. We also deliver staff training and education to selected officers of the Qatar Armed Forces at the Officers’ training institute located at the Ahmed Bin Mohammed Military College in Doha.
Focussing on our core values, and creating a positive environment for employees to thrive, we look forward to a bright future as we continue to grow with the region.

Serco Middle East is looking for a highly analytical, motivated, and key to detail Enterprise Risk and Business Continuity Specialist. This role is to engage in cross functional risk management initiatives and projects that impact multiple risk disciplines and/or business units, to drive proactive risk identification and mitigation for financial, regulatory, operational, and/or IT risks.

To engage and support the business in its business continuity initiatives to ensure minimum disruption due to unforeseen circumstances/situations.

To monitor, analyze, and report on significant risks and control issues affecting the enterprise, and assist in development of appropriate and effective action plans to mitigate risks.

To maintain an enterprise risk management approach that reduces risk, promotes operational efficiency, and fosters a high-quality customer experience through implementation of the Enterprise Risk Management Program.

Structure and reporting relationship

Communication and Working Relationships

All decisions will be made within the boundaries of the approved delegation of authority matrix, but the position holder is expected to contribute to, influence and support all senior leadership team decision making processes.

Internal:

All members of the senior management team

All employees and contractors/sub-contractors

External:

Key stakeholders, including but not exclusively:

Dubai Airports

GCAA/DCAA

Airlines

Key accountabilities

Develop ERM and Business Continuity framework in line with the requirements of the international standard ISO 31000: 2018, ISO 22301:2012 and other applicable standards/ local regulations.
Plan, design and develop processes essential to mitigate and manage risks on an ongoing basis and support business continuity
Guide and assist Heads of Department and dans Executive Management Team (EMT) in implementing ERM and business continuity framework, policies, procedures, plans etc.
Monitor, analyze, and report on enterprise-wide risks on a monthly basis and maintain risk registers
Review and test ( where feasible) business continuity plans and report to the Executive Management Team
Participate in or may lead cross-functional risk management initiatives and projects that impact multiple risk disciplines and/or business units.
Perform root-cause analysis and facilitate remediation efforts by first line/business unit management for reported nonconformities/noncompliance issued by internal and external auditors
Act as a change agent for the promotion of a risk management culture
Engage in regulatory and statutory change management initiatives by providing appropriate level of research, analysis, and development of corporate and business level communications describing impact and necessary action by first line/business unit management.
Contribute content for risk management reports to Executive Management relative to enterprise risk management activities.

Knowledge & Experience:

Bachelor’s degree in business, finance, or other applicable discipline or equivalent experience required.
CRCM, CAMS, FRM, PRM, CIA, CPA or other applicable professional designation.
Certificate /Diploma from Institute of Risk Management
Lead Auditor Qualification in ISO 31000: 2018 and ISO 22301: 2012
Experience in operational risk management concepts, best practices, and regulatory guidance. Knowledge of multiple risk areas a plus.
Experience on similar role / professional that has successfully implemented a program.
Extensive knowledge and experience in Risk and Business Continuity management.

Skills:

Advanced skills in Excel, Microsoft PowerPoint, ACL, or Tableau/Cognos reporting.
UAE National/Arabic speaking preferred