Manager, AML TM Quality Checks (Emiratised Role)

KEY RESPONSIBILITIES

• Build and maintain a robust quality framework that reviews the quality of investigation undertaken by AML TM team.
• Undertaken thematic review in the unit as per various money laundering detection scenarios. Identify risk and build a remediation plan.
• Undertaken review on work undertaken by AML Monitoring team of Group Operations.
• Assist business stakeholders to identify and analyse business risks.
• Maintain and build effective relationships with the related divisions so that effective escalation of issues is achieved and risk managed.
• Review of CB UAE circulars to understand the requirement of amending procedure of investigation approach to ML /terror financing risks.
• Gathering of market intelligence to understand emerging typologies and undertake the risk review and remediation plan.
• Maintain adequate record-keeping /MI and evidences pertaining to AML QC, etc.
• Keep abreast of related rules, regulations and best practices pertaining to AML, assess its impact on FAB.
• Develop methods for team effectiveness; question and investigate the reliability and integrity of data, the validity of conclusions, and the appropriateness of assumptions made.
• Provide operational expertise to internal working groups, teams and committees focused on enhancing current procedures and creating efficiencies.
• The Bank’s Group AML Monitoring Compliance function.
• The Bank’s compliance with standards and regulations.
• Other authorities as directed by the MLRO of Group Compliance or obligations mentioned in CB circulars.
• Manager, AML TM Quality Checks/ AML – AVP and AML – VP: Daily; Meetings, phone calls, e-mails; To report progress updates and to raise new risks/issues or challenges as appropriate.
• Head of FLOD Compliance Operations: As required; Meetings, phone calls, e-mails; To report progress updates and to raise new risks/issues or challenges as appropriate.
• MLRO Team: As required; Meetings, phone calls, e-mails; To report suspicious activity and to raise new risks/issues or challenges as appropriate.

REQUIREMENTS / QUALIFICATIONS

• Bachelor’s Degree or Higher in Management, Banking or Finance, preferably with certification in compliance, AML, risk management or internal audit.
• At least 8 years of banking experience preferably 5 years in Compliance and/or Audit in Banks.
• Excellent understanding of regional laws and applicable international regulations.